J. M. Smucker (NYSE:SJM) Posts Earnings Results, Beats Expectations By $0.06 EPS

J. M. Smucker (NYSE:SJM) released its quarterly earnings data on Tuesday. The company reported $2.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.25 by $0.06, Briefing.com reports. J. M. Smucker had a return on equity of 14.35% and a net margin of 5.96%. The company had revenue of $2.14 billion for the quarter, compared to analyst estimates of $2.18 billion. During the same period in the previous year, the company posted $2.66 EPS. The firm’s revenue for the quarter was down 2.8% compared to the same quarter last year. J. M. Smucker updated its FY 2026 guidance to 8.500-9.500 EPS.

J. M. Smucker Stock Performance

SJM stock opened at $95.88 on Thursday. The company has a market cap of $10.20 billion, a P/E ratio of 19.41, a price-to-earnings-growth ratio of 3.91 and a beta of 0.35. J. M. Smucker has a 1 year low of $93.93 and a 1 year high of $125.42. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.58 and a quick ratio of 0.27. The stock’s fifty day moving average price is $112.89 and its 200-day moving average price is $110.99.

J. M. Smucker Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Friday, May 16th were paid a $1.08 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 4.51%. J. M. Smucker’s dividend payout ratio (DPR) is currently -179.25%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on SJM shares. UBS Group decreased their target price on J. M. Smucker from $134.00 to $129.00 and set a “buy” rating on the stock in a research note on Friday, June 6th. Wall Street Zen upgraded J. M. Smucker from a “sell” rating to a “hold” rating in a research report on Friday, March 28th. Citigroup reduced their price objective on J. M. Smucker from $128.00 to $118.00 and set a “buy” rating on the stock in a research report on Wednesday. Stifel Nicolaus dropped their target price on J. M. Smucker from $120.00 to $106.00 and set a “hold” rating for the company in a report on Wednesday. Finally, Barclays dropped their target price on J. M. Smucker from $119.00 to $105.00 and set an “equal weight” rating for the company in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $117.55.

Insider Transactions at J. M. Smucker

In related news, insider Jill R. Penrose sold 5,117 shares of J. M. Smucker stock in a transaction on Friday, March 28th. The stock was sold at an average price of $116.26, for a total transaction of $594,902.42. Following the transaction, the insider now directly owns 8,794 shares in the company, valued at approximately $1,022,390.44. The trade was a 36.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.40% of the company’s stock.

Hedge Funds Weigh In On J. M. Smucker

Several large investors have recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of J. M. Smucker by 10.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,440 shares of the company’s stock valued at $2,286,000 after acquiring an additional 1,763 shares in the last quarter. Empowered Funds LLC increased its holdings in shares of J. M. Smucker by 28.6% in the first quarter. Empowered Funds LLC now owns 12,992 shares of the company’s stock worth $1,538,000 after purchasing an additional 2,889 shares during the last quarter. Woodline Partners LP increased its holdings in shares of J. M. Smucker by 40.7% in the first quarter. Woodline Partners LP now owns 8,990 shares of the company’s stock worth $1,065,000 after purchasing an additional 2,600 shares during the last quarter. Finally, United Services Automobile Association bought a new stake in shares of J. M. Smucker in the first quarter worth about $253,000. 81.66% of the stock is currently owned by hedge funds and other institutional investors.

J. M. Smucker Company Profile

The J. M. Smucker Company manufactures and markets branded food and beverage products worldwide. It operates in three segments: U.S. Retail Pet Foods, U.S. Retail Coffee, and U.S. Retail Consumer Foods. The company offers mainstream roast, ground, single serve, and premium coffee; peanut butter and specialty spreads; fruit spreads, toppings, and syrups; jelly products; nut mix products; shortening and oils; frozen sandwiches and snacks; pet food and pet snacks; and foodservice hot beverage, foodservice portion control, and flour products, as well as dog and cat food, frozen handheld products, juices and beverages, and baking mixes and ingredients.