The J. M. Smucker Company (NYSE:SJM) Given Consensus Recommendation of “Hold” by Analysts

The J. M. Smucker Company (NYSE:SJM) has been assigned an average recommendation of “Hold” from the nineteen brokerages that are presently covering the company, Marketbeat Ratings reports. Ten equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $121.6667.

A number of brokerages recently weighed in on SJM. JPMorgan Chase & Co. raised their target price on shares of J. M. Smucker from $120.00 to $125.00 and gave the stock an “overweight” rating in a report on Wednesday, June 10th. Barclays increased their price objective on J. M. Smucker from $103.00 to $125.00 and gave the company an “equal weight” rating in a research report on Thursday, June 11th. BTIG Research set a $130.00 price objective on J. M. Smucker in a research note on Wednesday, June 10th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $137.00 target price on shares of J. M. Smucker in a research report on Wednesday, June 10th. Finally, Morgan Stanley upped their target price on J. M. Smucker from $106.00 to $110.00 and gave the company an “equal weight” rating in a report on Wednesday, June 10th.

Insiders Place Their Bets

In other news, CFO Tucker H. Marshall sold 3,630 shares of the business’s stock in a transaction that occurred on Wednesday, June 24th. The shares were sold at an average price of $111.05, for a total transaction of $403,111.50. Following the sale, the chief financial officer owned 38,699 shares in the company, valued at $4,297,523.95. The trade was a 8.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jeannette L. Knudsen sold 5,550 shares of the company’s stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $116.29, for a total transaction of $645,409.50. Following the completion of the sale, the insider owned 16,039 shares of the company’s stock, valued at approximately $1,865,175.31. This trade represents a 25.71% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 18,533 shares of company stock worth $2,132,914 over the last ninety days. 2.80% of the stock is currently owned by company insiders.

Institutional Trading of J. M. Smucker

Several large investors have recently added to or reduced their stakes in SJM. UBS Group AG lifted its position in shares of J. M. Smucker by 238.7% in the fourth quarter. UBS Group AG now owns 3,924,282 shares of the company’s stock worth $383,834,000 after purchasing an additional 2,765,559 shares in the last quarter. Two Sigma Investments LP grew its position in J. M. Smucker by 6,854.4% during the third quarter. Two Sigma Investments LP now owns 1,527,962 shares of the company’s stock valued at $165,937,000 after purchasing an additional 1,505,991 shares in the last quarter. Norges Bank acquired a new position in J. M. Smucker in the 4th quarter valued at approximately $92,960,000. Bank of New York Mellon Corp purchased a new stake in J. M. Smucker in the 2nd quarter worth approximately $103,113,000. Finally, Dimensional Fund Advisors LP lifted its position in J. M. Smucker by 33.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,392,300 shares of the company’s stock worth $331,807,000 after buying an additional 850,943 shares in the last quarter. 81.66% of the stock is owned by institutional investors and hedge funds.

J. M. Smucker Price Performance

Shares of NYSE SJM opened at $118.99 on Friday. J. M. Smucker has a twelve month low of $88.25 and a twelve month high of $127.64. The company has a current ratio of 0.78, a quick ratio of 0.33 and a debt-to-equity ratio of 1.15. The company has a market capitalization of $12.69 billion, a price-to-earnings ratio of -91.53, a PEG ratio of 1.65 and a beta of 0.25. The firm has a 50-day moving average of $113.12 and a two-hundred day moving average of $106.09.

J. M. Smucker (NYSE:SJM) last announced its quarterly earnings data on Tuesday, June 9th. The company reported $2.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.64 by $0.13. J. M. Smucker had a negative net margin of 1.53% and a positive return on equity of 17.18%. The company had revenue of $2.27 billion for the quarter, compared to analysts’ expectations of $2.26 billion. During the same quarter in the previous year, the company posted $2.31 EPS. The business’s revenue was up 5.8% compared to the same quarter last year. J. M. Smucker has set its FY 2027 guidance at 9.750-10.250 EPS. As a group, analysts expect that J. M. Smucker will post 10.06 earnings per share for the current fiscal year.

J. M. Smucker Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Friday, August 14th will be paid a dividend of $1.12 per share. This is a boost from J. M. Smucker’s previous quarterly dividend of $1.10. This represents a $4.48 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend is Friday, August 14th. J. M. Smucker’s payout ratio is currently -338.46%.

J. M. Smucker Company Profile

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.