J. M. Smucker (NYSE:SJM) Issues Quarterly Earnings Results

J. M. Smucker (NYSE:SJM) posted its quarterly earnings results on Tuesday. The company reported $2.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.65 by $0.12, FiscalAI reports. J. M. Smucker had a negative net margin of 14.07% and a positive return on equity of 15.94%. The firm had revenue of $2.27 billion for the quarter, compared to analyst estimates of $2.26 billion. J. M. Smucker updated its FY 2027 guidance to 9.750-10.250 EPS.

J. M. Smucker Trading Down 1.6%

Shares of NYSE:SJM opened at $101.88 on Tuesday. The firm has a fifty day moving average of $98.03 and a two-hundred day moving average of $101.68. The firm has a market capitalization of $10.87 billion, a P/E ratio of -8.64, a price-to-earnings-growth ratio of 6.99 and a beta of 0.27. J. M. Smucker has a 12-month low of $88.25 and a 12-month high of $119.39. The company has a quick ratio of 0.35, a current ratio of 0.84 and a debt-to-equity ratio of 1.31.

J. M. Smucker Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Friday, May 15th were paid a dividend of $1.10 per share. The ex-dividend date of this dividend was Friday, May 15th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.3%. J. M. Smucker’s dividend payout ratio (DPR) is -37.32%.

Wall Street Analysts Forecast Growth

SJM has been the topic of several research analyst reports. Weiss Ratings reiterated a “sell (d)” rating on shares of J. M. Smucker in a research report on Monday, April 20th. Morgan Stanley lifted their price objective on shares of J. M. Smucker from $104.00 to $106.00 and gave the stock an “equal weight” rating in a research report on Friday. Bank of America upgraded shares of J. M. Smucker from a “neutral” rating to a “buy” rating and set a $130.00 price objective on the stock in a research report on Monday, February 23rd. JPMorgan Chase & Co. lowered their price objective on shares of J. M. Smucker from $130.00 to $120.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 19th. Finally, Wall Street Zen cut shares of J. M. Smucker from a “buy” rating to a “hold” rating in a research report on Sunday, March 8th. Eleven equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $116.71.

Institutional Investors Weigh In On J. M. Smucker

A number of institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP boosted its stake in shares of J. M. Smucker by 33.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,392,300 shares of the company’s stock valued at $331,807,000 after buying an additional 850,943 shares during the period. Invesco Ltd. boosted its stake in shares of J. M. Smucker by 5.8% during the 4th quarter. Invesco Ltd. now owns 2,783,272 shares of the company’s stock valued at $272,232,000 after buying an additional 151,872 shares during the period. Morgan Stanley boosted its stake in shares of J. M. Smucker by 16.8% during the 4th quarter. Morgan Stanley now owns 2,486,596 shares of the company’s stock valued at $243,214,000 after buying an additional 357,253 shares during the period. Two Sigma Investments LP boosted its stake in shares of J. M. Smucker by 6,854.4% during the 3rd quarter. Two Sigma Investments LP now owns 1,527,962 shares of the company’s stock valued at $165,937,000 after buying an additional 1,505,991 shares during the period. Finally, Marshall Wace LLP boosted its stake in shares of J. M. Smucker by 41.7% during the 4th quarter. Marshall Wace LLP now owns 1,240,592 shares of the company’s stock valued at $121,342,000 after buying an additional 364,854 shares during the period. Institutional investors and hedge funds own 81.66% of the company’s stock.

J. M. Smucker Company Profile

The J. M. Smucker Company is a diversified food and beverage manufacturer and marketer known for a portfolio of well-established consumer brands. The company’s main business activities include the production and distribution of fruit spreads, peanut butter, coffee and coffee filters, as well as pet food and pet snacks. Smucker’s core product lines serve both retail and foodservice customers through grocery chains, mass merchandisers, club stores, convenience outlets and e-commerce channels.

Among its leading brands are Smucker’s® fruit spreads, Jif® peanut butter, Folgers® and Dunkin’® coffees, and Café Bustelo® coffee.