The J. M. Smucker Company (NYSE:SJM) Receives $117.67 Average PT from Analysts

Shares of The J. M. Smucker Company (NYSE:SJM) have received a consensus rating of “Moderate Buy” from the fifteen brokerages that are covering the firm, Marketbeat Ratings reports. Six analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $119.6923.

SJM has been the subject of several recent research reports. UBS Group increased their target price on shares of J. M. Smucker from $115.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday. Wells Fargo & Company upped their price objective on shares of J. M. Smucker from $115.00 to $120.00 and gave the company an “overweight” rating in a research note on Monday. Royal Bank Of Canada assumed coverage on J. M. Smucker in a research note on Monday, July 7th. They issued an “outperform” rating and a $130.00 target price on the stock. Barclays cut their price target on J. M. Smucker from $119.00 to $105.00 and set an “equal weight” rating for the company in a research note on Wednesday, June 11th. Finally, Jefferies Financial Group raised J. M. Smucker from a “hold” rating to a “buy” rating and lowered their price target for the company from $118.00 to $115.00 in a research note on Wednesday, June 11th.

Insider Buying and Selling at J. M. Smucker

In related news, Director Tarang Amin acquired 1,050 shares of the business’s stock in a transaction that occurred on Thursday, June 12th. The shares were acquired at an average cost of $96.09 per share, with a total value of $100,894.50. Following the purchase, the director owned 3,825 shares of the company’s stock, valued at approximately $367,544.25. The trade was a 37.84% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.24% of the stock is owned by corporate insiders.

Institutional Trading of J. M. Smucker

A number of institutional investors and hedge funds have recently modified their holdings of the company. Norges Bank bought a new position in J. M. Smucker in the 2nd quarter worth $112,829,000. Engineers Gate Manager LP bought a new stake in J. M. Smucker during the second quarter valued at about $109,896,000. Balyasny Asset Management L.P. grew its position in shares of J. M. Smucker by 45.4% in the second quarter. Balyasny Asset Management L.P. now owns 2,251,934 shares of the company’s stock valued at $221,140,000 after purchasing an additional 703,382 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its stake in shares of J. M. Smucker by 4,906.2% in the second quarter. Robeco Institutional Asset Management B.V. now owns 613,910 shares of the company’s stock worth $60,286,000 after purchasing an additional 601,647 shares during the period. Finally, Maverick Capital Ltd. acquired a new position in shares of J. M. Smucker during the 1st quarter worth about $64,125,000. 81.66% of the stock is currently owned by institutional investors and hedge funds.

J. M. Smucker Stock Down 0.1%

SJM stock opened at $112.9670 on Friday. The firm’s 50-day simple moving average is $105.32 and its 200 day simple moving average is $109.34. The stock has a market cap of $12.03 billion, a PE ratio of -9.77, a price-to-earnings-growth ratio of 8.40 and a beta of 0.31. The company has a quick ratio of 0.35, a current ratio of 0.81 and a debt-to-equity ratio of 1.16. J. M. Smucker has a fifty-two week low of $93.30 and a fifty-two week high of $125.42.

J. M. Smucker (NYSE:SJM) last released its earnings results on Tuesday, June 10th. The company reported $2.31 EPS for the quarter, beating the consensus estimate of $2.25 by $0.06. J. M. Smucker had a negative net margin of 14.10% and a positive return on equity of 15.20%. The firm had revenue of $2.14 billion for the quarter, compared to analysts’ expectations of $2.18 billion. During the same quarter last year, the company earned $2.66 EPS. J. M. Smucker’s quarterly revenue was down 2.8% on a year-over-year basis. J. M. Smucker has set its FY 2026 guidance at 8.500-9.500 EPS. As a group, sell-side analysts predict that J. M. Smucker will post 9.88 EPS for the current year.

J. M. Smucker Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Friday, August 15th will be issued a $1.10 dividend. This is a boost from J. M. Smucker’s previous quarterly dividend of $1.08. This represents a $4.40 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date is Friday, August 15th. J. M. Smucker’s dividend payout ratio is currently -38.06%.

About J. M. Smucker

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.