J. M. Smucker (NYSE:SJM) Hits New 52-Week Low - Time to Sell?

The J. M. Smucker Company (NYSE:SJM) has reached a new low in its stock price, hitting $100.72 on Wednesday, with the last recorded price being $100.77. In total, 231,617 shares were traded during this session, compared to a previous close of $101.91.

Wall Street Analysts Forecast Growth

Recently, J. M. Smucker has been analyzed by multiple financial experts. For example, TD Cowen downgraded their recommendation from "buy" to "hold" and adjusted their price target from $130.00 to $121.00 on January 8th. Similarly, StockNews.com improved their rating from "sell" to "hold" on September 30th. Stifel Nicolaus also shifted their rating from "buy" to "hold," lowering their price target from $135.00 to $125.00 as of October 25th. In addition, Barclays modified their price target from $126.00 to $123.00 and rated the stock as "equal weight" on December 4th. Meanwhile, Wells Fargo raised their target from $130.00 to $135.00 and assigned an "overweight" rating on November 27th. Currently, one analyst has given a sell recommendation, seven have rated it as hold, and three have issued buy ratings. MarketBeat reports a consensus rating of "Hold" with a target of $127.33.

J. M. Smucker Price Performance

The company's 50-day moving average is at $112.13, and its 200-day moving average stands at $115.64. J. M. Smucker has a market capitalization of $10.75 billion, a price-to-earnings ratio of 20.45, a PEG ratio of 3.46, and a beta of 0.28. Additionally, its quick ratio is 0.27, and its current ratio is 0.58. The debt-to-equity ratio is 0.89.

On November 26th, J. M. Smucker reported quarterly earnings, showing earnings per share (EPS) of $2.76, exceeding analysts’ expectations of $2.51 by $0.25. The company recorded a net margin of 5.96% and a return on equity of 14.35%. With a revenue of $2.27 billion, it met analyst forecasts during this quarter, marking a 17.2% increase in revenue compared to the same quarter the previous year. Analysts anticipate J. M. Smucker will achieve an EPS of 9.89 for the current year.

J. M. Smucker Dividend Announcement

Recently, J. M. Smucker declared its quarterly dividend, which was distributed on December 2nd. Shareholders recorded on November 15th received a dividend payment of $1.08 per share, which translates to an annual dividend yield of 4.28% based on a total payout of $4.32 annually. The ex-dividend date was November 15th, and the current dividend payout ratio stands at 87.45%.

Insiders Place Their Bets

In additional news, CFO Tucker H. Marshall sold 994 shares on December 17th, with each share going for an average price of $113.00, totaling $112,322. Following this sale, Marshall's ownership in the company decreased by 5.04%, leaving him with 18,734 shares valued at $2,116,942. Details of this sale have been filed with the Securities and Exchange Commission (SEC).

Hedge Funds Weigh In On J. M. Smucker

Several institutional investors have recently adjusted their positions in J. M. Smucker. For instance, Venturi Wealth Management significantly increased its stake by 1,329.4% in the third quarter, now holding 243 shares worth approximately $29,000. Kieckhefer Group acquired shares valued at about $33,000 in the fourth quarter, while Quarry LP raised its position by 212.6%, owning 322 shares now valued at $35,000. Other notable moves include Catalyst Capital Advisors and Eastern Bank, both also acquiring new positions. Currently, institutional investors hold about 81.66% of J. M. Smucker's stock.

About J. M. Smucker

The J. M. Smucker Company is a global manufacturer and marketer of food and beverage products. It operates in three main segments: U.S. Retail Pet Foods, U.S. Retail Coffee, and U.S. Retail Consumer Foods. Popular products include various coffee ranges, specialty spreads, fruit preserves, and numerous food service items.

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