Shares of J M Smucker Co (NYSE:SJM) hit a new 52-week high during mid-day trading on Wednesday after JPMorgan Chase & Co. raised their price target on the stock from $134.00 to $135.00, MarketBeat.com reports. The stock traded as high as $125.39 and last traded at $124.44, with a volume of 1,173,742 shares changing hands. The stock had previously closed at $122.93.

Several other equities analysts also recently weighed in on SJM. Citigroup Inc. raised their price target on shares of J M Smucker from $135.00 to $139.00 in a research note on Friday, November 20th. Deutsche Bank raised their price target on shares of J M Smucker from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Friday, November 20th. Jefferies Group started coverage on shares of J M Smucker in a research note on Tuesday, December 15th. They issued a “buy” rating and a $140.00 price target on the stock. Morgan Stanley raised their price target on shares of J M Smucker from $122.00 to $124.00 and gave the stock an “equal weight” rating in a research note on Friday, November 20th. Finally, Tigress Financial downgraded shares of J M Smucker from a “buy” rating to a “hold” rating in a research note on Monday, November 23rd. Nine research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. J M Smucker currently has a consensus rating of “Hold” and an average price target of $129.46.

In other J M Smucker news, President Steven Oakland sold 2,226 shares of J M Smucker stock in a transaction dated Thursday, November 19th. The shares were sold at an average price of $122.00, for a total transaction of $271,572.00. Following the completion of the sale, the president now directly owns 43,553 shares in the company, valued at $5,313,466. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP David J. Lemmon sold 1,062 shares of J M Smucker stock in a transaction dated Thursday, November 19th. The shares were sold at an average price of $120.00, for a total transaction of $127,440.00. The disclosure for this sale can be found here.

Other hedge funds and institutional investors have made changes to their positions in the company. HL Financial Services LLC boosted its position in shares of J M Smucker by 99.7% in the fourth quarter. HL Financial Services LLC now owns 19,014 shares of the company’s stock worth $2,345,000 after buying an additional 9,493 shares during the period. Jaffetilchin Investment Partners LLC acquired a new position in shares of J M Smucker during the fourth quarter worth $323,000. Gateway Investment Advisers LLC boosted its position in shares of J M Smucker by 15.4% in the fourth quarter. Gateway Investment Advisers LLC now owns 12,163 shares of the company’s stock worth $1,500,000 after buying an additional 1,626 shares during the period. Trillium Asset Management LLC boosted its position in shares of J M Smucker by 7.9% in the fourth quarter. Trillium Asset Management LLC now owns 18,524 shares of the company’s stock worth $2,285,000 after buying an additional 1,354 shares during the period. Finally, Truepoint Inc. boosted its position in shares of J M Smucker by 40.7% in the fourth quarter. Truepoint Inc. now owns 4,305 shares of the company’s stock worth $531,000 after buying an additional 1,245 shares during the period.

The firm has a market capitalization of $14.89 billion and a PE ratio of 36.57. The firm’s 50-day moving average price is $122.02 and its 200 day moving average price is $116.34.

J M Smucker (NYSE:SJM) last issued its quarterly earnings data on Thursday, November 19th. The company reported $1.62 EPS for the quarter, beating the Zacks’ consensus estimate of $1.51 by $0.11. During the same period in the previous year, the company posted $1.53 earnings per share. The business earned $2.08 billion during the quarter, compared to analyst estimates of $2.07 billion. J M Smucker’s revenue was up 40.2% on a year-over-year basis. On average, equities analysts expect that J M Smucker Co will post $5.79 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 1st. Investors of record on Friday, February 12th will be paid a $0.67 dividend. The ex-dividend date is Wednesday, February 10th. This represents a $2.68 dividend on an annualized basis and a yield of 2.15%.

The J. M. Smucker Company is a manufacturer and marketer of consumer food and beverage products and pet food and pet snacks in North America. The Company has four segments: U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International, Foodservice and Natural Foods. The Company’s U.S. retail market segments consist of the sale of branded food products to consumers through retail outlets in North America. The Company’s International, Foodservice and Natural Foods segment represents sales outside of the U.S. retail market segments. The Company’s principal consumer food and beverage products are coffee, peanut butter, fruit spreads, shortening and oils, baking mixes and ready-to-spread frostings, canned milk, flour and baking ingredients, juices and beverages, frozen sandwiches, toppings, syrups, pickles, condiments, grain products and nut mix products. The Company’s pet products consist of dry and wet dog food, dry and wet cat food, dog snacks and cat snacks.

12 Month Chart for NYSE:SJM

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