J. M. Smucker (NYSE:SJM) Upgraded at Bank of America

J. M. Smucker (NYSE:SJM) was upgraded by research analysts at Bank of America from a “neutral” rating to a “buy” rating in a report released on Monday,Finviz reports. The brokerage currently has a $130.00 price objective on the stock. Bank of America‘s target price suggests a potential upside of 17.79% from the company’s previous close.

Several other research analysts also recently commented on the stock. Citigroup reaffirmed a “hold” rating on shares of J. M. Smucker in a research note on Wednesday, November 26th. Weiss Ratings restated a “sell (d)” rating on shares of J. M. Smucker in a research note on Wednesday, January 21st. TD Cowen lifted their price target on shares of J. M. Smucker from $105.00 to $112.00 and gave the company a “hold” rating in a research report on Friday. UBS Group lowered their price objective on J. M. Smucker from $120.00 to $117.00 and set a “buy” rating for the company in a research note on Wednesday, November 26th. Finally, Canaccord Genuity Group upgraded shares of J. M. Smucker to a “buy” rating in a research note on Friday, January 16th. Eight investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $116.29.

J. M. Smucker Stock Up 0.7%

Shares of NYSE SJM opened at $110.37 on Monday. The business has a 50-day simple moving average of $102.95 and a two-hundred day simple moving average of $105.32. The company has a market cap of $11.78 billion, a P/E ratio of -9.84, a P/E/G ratio of 6.74 and a beta of 0.23. J. M. Smucker has a 52 week low of $93.30 and a 52 week high of $121.48. The company has a quick ratio of 0.37, a current ratio of 0.89 and a debt-to-equity ratio of 1.16.

J. M. Smucker (NYSE:SJM) last posted its earnings results on Tuesday, November 25th. The company reported $2.10 EPS for the quarter, missing the consensus estimate of $2.12 by ($0.02). The business had revenue of $2.33 billion for the quarter, compared to analysts’ expectations of $2.32 billion. J. M. Smucker had a positive return on equity of 15.26% and a negative net margin of 13.61%.J. M. Smucker’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.76 earnings per share. J. M. Smucker has set its FY 2026 guidance at 8.750-9.250 EPS. Research analysts anticipate that J. M. Smucker will post 9.88 earnings per share for the current fiscal year.

Institutional Investors Weigh In On J. M. Smucker

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Golden State Wealth Management LLC boosted its position in shares of J. M. Smucker by 10.2% during the fourth quarter. Golden State Wealth Management LLC now owns 991 shares of the company’s stock valued at $97,000 after buying an additional 92 shares during the period. Colonial Trust Advisors boosted its position in J. M. Smucker by 7.8% during the 4th quarter. Colonial Trust Advisors now owns 1,303 shares of the company’s stock valued at $127,000 after acquiring an additional 94 shares in the last quarter. Harbour Investments Inc. grew its stake in J. M. Smucker by 2.1% in the fourth quarter. Harbour Investments Inc. now owns 4,652 shares of the company’s stock valued at $455,000 after purchasing an additional 97 shares during the last quarter. Delta Asset Management LLC TN raised its holdings in J. M. Smucker by 7.8% in the fourth quarter. Delta Asset Management LLC TN now owns 1,378 shares of the company’s stock worth $135,000 after purchasing an additional 100 shares in the last quarter. Finally, New Mexico Educational Retirement Board lifted its position in shares of J. M. Smucker by 2.1% during the fourth quarter. New Mexico Educational Retirement Board now owns 4,922 shares of the company’s stock valued at $481,000 after buying an additional 100 shares during the last quarter. 81.66% of the stock is currently owned by hedge funds and other institutional investors.

About J. M. Smucker

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.