The J. M. Smucker Company (NYSE:SJM) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of The J. M. Smucker Company (NYSE:SJM) have been assigned a consensus rating of “Moderate Buy” from the seventeen research firms that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $118.00.

A number of research firms have commented on SJM. Bank of America reduced their price objective on J. M. Smucker from $120.00 to $118.00 and set a “neutral” rating on the stock in a research note on Thursday, August 28th. Morgan Stanley upped their price target on J. M. Smucker from $115.00 to $118.00 and gave the company an “overweight” rating in a research note on Monday, August 18th. JPMorgan Chase & Co. cut their target price on J. M. Smucker from $129.00 to $126.00 and set an “overweight” rating on the stock in a research note on Thursday, August 28th. Stifel Nicolaus increased their target price on J. M. Smucker from $106.00 to $110.00 and gave the company a “hold” rating in a research note on Tuesday, July 29th. Finally, Barclays reissued an “equal weight” rating and issued a $105.00 target price on shares of J. M. Smucker in a research note on Friday, August 29th.

Insiders Place Their Bets

In other J. M. Smucker news, CFO Tucker H. Marshall sold 11,139 shares of the stock in a transaction dated Tuesday, September 30th. The stock was sold at an average price of $108.11, for a total value of $1,204,237.29. Following the transaction, the chief financial officer owned 33,864 shares of the company’s stock, valued at approximately $3,661,037.04. This represents a 24.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 2.24% of the company’s stock.

Institutional Investors Weigh In On J. M. Smucker

Several large investors have recently modified their holdings of the business. Invesco Ltd. increased its holdings in shares of J. M. Smucker by 7.5% in the second quarter. Invesco Ltd. now owns 2,819,028 shares of the company’s stock worth $276,829,000 after acquiring an additional 195,774 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of J. M. Smucker by 1.8% in the second quarter. Geode Capital Management LLC now owns 2,776,561 shares of the company’s stock worth $271,539,000 after acquiring an additional 49,017 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of J. M. Smucker by 12.3% in the first quarter. Dimensional Fund Advisors LP now owns 2,257,127 shares of the company’s stock worth $267,252,000 after acquiring an additional 248,110 shares in the last quarter. Balyasny Asset Management L.P. increased its holdings 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 worth $221,140,000 after acquiring an additional 703,382 shares in the last quarter. Finally, Ilex Capital Partners UK LLP increased its holdings in shares of J. M. Smucker by 31.0% in the second quarter. Ilex Capital Partners UK LLP now owns 2,033,615 shares of the company’s stock worth $199,701,000 after acquiring an additional 481,660 shares in the last quarter. 81.66% of the stock is currently owned by institutional investors.

J. M. Smucker Price Performance

J. M. Smucker stock opened at $104.74 on Friday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.34 and a current ratio of 0.81. The firm has a market cap of $11.17 billion, a P/E ratio of -7.64, a P/E/G ratio of 7.25 and a beta of 0.25. The business’s fifty day moving average is $109.33 and its two-hundred day moving average is $109.33. J. M. Smucker has a 52 week low of $93.30 and a 52 week high of $125.42.

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

J. M. Smucker Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th were paid a $1.10 dividend. The ex-dividend date of this dividend was Friday, August 15th. This is a positive change from J. M. Smucker’s previous quarterly dividend of $1.08. This represents a $4.40 annualized dividend and a yield of 4.2%. J. M. Smucker’s payout ratio is currently -32.09%.

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.