The J. M. Smucker Company (NYSE:SJM) Receives Consensus Rating of “Hold” from Analysts

Shares of The J. M. Smucker Company (NYSE:SJM) have received an average recommendation of “Hold” from the nineteen analysts that are covering the stock, MarketBeat.com reports. Ten analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $121.6667.

SJM has been the subject of several recent analyst reports. Morgan Stanley boosted their price objective on shares of J. M. Smucker from $106.00 to $110.00 and gave the company an “equal weight” rating in a research note on Wednesday, June 10th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $137.00 target price on shares of J. M. Smucker in a research note on Wednesday, June 10th. BTIG Research set a $130.00 price objective on J. M. Smucker in a research report on Wednesday, June 10th. TD Cowen increased their target price on J. M. Smucker from $103.00 to $115.00 and gave the stock a “hold” rating in a research report on Wednesday, June 10th. Finally, Weiss Ratings upgraded shares of J. M. Smucker from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, July 23rd.

J. M. Smucker Price Performance

Shares of NYSE:SJM opened at $119.16 on Friday. J. M. Smucker has a twelve month low of $88.25 and a twelve month high of $127.64. The firm has a market capitalization of $12.71 billion, a price-to-earnings ratio of -91.66, a PEG ratio of 1.64 and a beta of 0.25. The stock’s 50 day moving average is $112.50 and its 200-day moving average is $105.87. The company has a quick ratio of 0.33, a current ratio of 0.78 and a debt-to-equity ratio of 1.15.

J. M. Smucker (NYSE:SJM) last released its quarterly earnings results on Tuesday, June 9th. The company reported $2.77 EPS for the quarter, beating analysts’ consensus estimates of $2.64 by $0.13. J. M. Smucker had a positive return on equity of 17.18% and a negative net margin of 1.53%.The business had revenue of $2.27 billion during the quarter, compared to analyst estimates of $2.26 billion. During the same period in the prior year, the firm posted $2.31 EPS. J. M. Smucker’s quarterly revenue was up 5.8% compared to the same quarter last year. J. M. Smucker has set its FY 2027 guidance at 9.750-10.250 EPS. Sell-side analysts forecast that J. M. Smucker will post 9.95 EPS for the current fiscal year.

J. M. Smucker Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Friday, August 14th will be given a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a yield of 3.8%. This is a positive change from J. M. Smucker’s previous quarterly dividend of $1.10. The ex-dividend date is Friday, August 14th. J. M. Smucker’s payout ratio is currently -338.46%.

Insider Activity

In related news, insider Jeannette L. Knudsen sold 4,353 shares of the firm’s stock in a transaction on Friday, June 26th. The shares were sold at an average price of $115.08, for a total transaction of $500,943.24. Following the completion of the transaction, the insider directly owned 16,835 shares of the company’s stock, valued at approximately $1,937,371.80. This trade represents a 20.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Jill R. Penrose sold 5,000 shares of the business’s stock in a transaction on Monday, June 29th. The stock was sold at an average price of $116.69, for a total transaction of $583,450.00. Following the completion of the sale, the insider owned 15,795 shares in the company, valued at $1,843,118.55. This represents a 24.04% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 18,533 shares of company stock valued at $2,132,914 in the last quarter. 2.80% of the stock is currently owned by insiders.

Institutional Trading of J. M. Smucker

A number of large investors have recently made changes to their positions in SJM. Garton & Associates Financial Advisors LLC bought a new position in shares of J. M. Smucker during the fourth quarter valued at approximately $25,000. CYBER HORNET ETFs LLC acquired a new stake in J. M. Smucker during the 2nd quarter worth about $27,000. Fideuram Asset Management Ireland dac purchased a new position in J. M. Smucker during the 4th quarter worth approximately $32,000. MCF Advisors LLC grew its position in J. M. Smucker by 68.1% during the 4th quarter. MCF Advisors LLC now owns 311 shares of the company’s stock worth $30,000 after purchasing an additional 126 shares during the period. Finally, MUFG Securities EMEA plc purchased a new position in J. M. Smucker during the second quarter valued at approximately $31,000. 81.66% of the stock is owned by hedge funds and other institutional investors.

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.