J. M. Smucker (NYSE:SJM) Upgraded at Cfra Research

J. M. Smucker (NYSE:SJM) was upgraded by research analysts at Cfra Research from a “hold” rating to a “moderate buy” rating in a report released on Wednesday,Zacks.com reports.

A number of other brokerages have also weighed in on SJM. Stifel Nicolaus upped their target price on shares of J. M. Smucker from $106.00 to $110.00 and gave the stock a “hold” rating in a research report on Tuesday, July 29th. Bank of America dropped their price objective on shares of J. M. Smucker from $120.00 to $118.00 and set a “neutral” rating for the company in a report on Thursday. JPMorgan Chase & Co. cut their price objective on J. M. Smucker from $129.00 to $126.00 and set an “overweight” rating for the company in a research report on Thursday. UBS Group reduced their price target on shares of J. M. Smucker from $130.00 to $121.00 and set a “buy” rating on the stock in a research report on Thursday. Finally, Zacks Research upgraded shares of J. M. Smucker to a “hold” rating in a report on Monday, August 11th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $118.00.

J. M. Smucker Stock Performance

NYSE SJM opened at $110.55 on Wednesday. The company has a quick ratio of 0.35, a current ratio of 0.81 and a debt-to-equity ratio of 1.19. J. M. Smucker has a twelve month low of $93.30 and a twelve month high of $125.42. The business has a 50-day moving average price of $107.00 and a 200-day moving average price of $109.58. The firm has a market cap of $11.79 billion, a price-to-earnings ratio of -8.06, a price-to-earnings-growth ratio of 8.02 and a beta of 0.31.

J. M. Smucker (NYSE:SJM) last posted its quarterly earnings results on Wednesday, August 27th. The company reported $1.90 EPS for the quarter, missing analysts’ consensus estimates of $1.95 by ($0.05). J. M. Smucker had a positive return on equity of 15.41% and a negative net margin of 16.75%.The business had revenue of $2.11 billion during the quarter, compared to analysts’ expectations of $2.09 billion. During the same period in the prior year, the firm posted $2.44 earnings per share. The firm’s revenue for the quarter was down .6% on a year-over-year basis. J. M. Smucker has set its FY 2026 guidance at 8.500-9.500 EPS. As a group, equities research analysts predict that J. M. Smucker will post 9.88 EPS for the current fiscal year.

Insider Activity

In other news, Director Tarang Amin bought 1,050 shares of the stock in a transaction dated Thursday, June 12th. The stock was purchased at an average price of $96.09 per share, for a total transaction of $100,894.50. Following the acquisition, the director owned 3,825 shares of the company’s stock, valued at $367,544.25. The trade was a 37.84% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 2.24% of the company’s stock.

Institutional Trading of J. M. Smucker

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Tortoise Investment Management LLC grew its stake in shares of J. M. Smucker by 87.0% during the first quarter. Tortoise Investment Management LLC now owns 215 shares of the company’s stock valued at $25,000 after buying an additional 100 shares during the last quarter. Nova Wealth Management Inc. bought a new stake in J. M. Smucker during the 2nd quarter valued at $25,000. AlphaQuest LLC purchased a new stake in shares of J. M. Smucker in the 2nd quarter worth $26,000. Bank of Jackson Hole Trust grew its position in shares of J. M. Smucker by 104.5% during the 2nd quarter. Bank of Jackson Hole Trust now owns 274 shares of the company’s stock worth $27,000 after buying an additional 140 shares in the last quarter. Finally, CYBER HORNET ETFs LLC purchased a new position in shares of J. M. Smucker during the second quarter valued at $27,000. 81.66% of the stock is owned by hedge funds and other institutional investors.

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.