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

Shares of The J. M. Smucker Company (NYSE:SJM) have been assigned an average rating of “Moderate Buy” from the seventeen brokerages that are covering the company, Marketbeat reports. Seven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $136.25.

A number of analysts have recently weighed in on SJM shares. Weiss Ratings upgraded shares of J. M. Smucker from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, August 26th. Wall Street Zen upgraded shares of J. M. Smucker from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. UBS Group lifted their price target on J. M. Smucker from $130.00 to $142.00 and gave the stock a “buy” rating in a research report on Thursday, August 20th. Barclays boosted their price objective on J. M. Smucker from $125.00 to $145.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 27th. Finally, Deutsche Bank Aktiengesellschaft set a $125.00 price objective on J. M. Smucker in a research report on Thursday, August 27th.

Insider Activity at J. M. Smucker

In other J. M. Smucker news, insider Robert D. Ferguson sold 2,522 shares of J. M. Smucker stock in a transaction on Monday, August 31st. The shares were sold at an average price of $132.41, for a total transaction of $333,938.02. Following the completion of the transaction, the insider directly owned 36,295 shares of the company’s stock, valued at $4,805,820.95. The trade was a 6.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jill R. Penrose sold 5,000 shares of J. M. Smucker stock in a transaction on Monday, June 29th. The stock was sold at an average price of $116.69, for a total transaction of $583,450.00. Following the transaction, the insider directly owned 15,795 shares of the company’s stock, valued at $1,843,118.55. The trade was a 24.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 26,004 shares of company stock worth $3,357,936. Company insiders own 2.80% of the company’s stock.

Institutional Investors Weigh In On J. M. Smucker

Several institutional investors have recently made changes to their positions in the company. Royal Bank of Canada raised its position in J. M. Smucker by 36.3% in the 1st quarter. Royal Bank of Canada now owns 168,591 shares of the company’s stock worth $16,258,000 after purchasing an additional 44,935 shares during the period. Castleark Management LLC purchased a new position in shares of J. M. Smucker during the first quarter valued at approximately $5,746,000. Janus Henderson Group PLC grew its stake in shares of J. M. Smucker by 165.5% during the first quarter. Janus Henderson Group PLC now owns 47,117 shares of the company’s stock valued at $4,545,000 after buying an additional 29,373 shares during the last quarter. Delta Global Management LP bought a new position in shares of J. M. Smucker during the first quarter valued at approximately $1,951,000. Finally, Y Intercept Hong Kong Ltd purchased a new stake in shares of J. M. Smucker in the first quarter worth approximately $4,071,000. Institutional investors own 81.66% of the company’s stock.

J. M. Smucker Price Performance

Shares of J. M. Smucker stock opened at $121.03 on Friday. The stock has a 50 day moving average of $122.43 and a 200 day moving average of $110.00. J. M. Smucker has a 12 month low of $88.25 and a 12 month high of $135.89. The firm has a market cap of $12.93 billion, a PE ratio of 56.56, a PEG ratio of 1.64 and a beta of 0.27. The company has a current ratio of 0.87, a quick ratio of 0.35 and a debt-to-equity ratio of 1.11.

J. M. Smucker (NYSE:SJM) last released its quarterly earnings data on Wednesday, August 26th. The company reported $3.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.22 by $1.02. The business had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.13 billion. J. M. Smucker had a return on equity of 19.85% and a net margin of 2.51%.The company’s revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.90 EPS. J. M. Smucker has set its FY 2027 guidance at 10.500-11.000 EPS. On average, research analysts expect that J. M. Smucker will post 10.71 EPS for the current fiscal year.

J. M. Smucker Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Friday, August 14th were given a dividend of $1.12 per share. The ex-dividend date of this dividend was Friday, August 14th. This represents a $4.48 annualized dividend and a dividend yield of 3.7%. This is an increase from J. M. Smucker’s previous quarterly dividend of $1.10. J. M. Smucker’s dividend payout ratio is presently 209.35%.

J. M. Smucker Company Profile

The J. M. Smucker Company is a food and beverage manufacturer headquartered in Orrville, Ohio. Founded in 1897 by Jerome Monroe Smucker, the company began with apple butter and has expanded into a diversified portfolio of branded consumer products sold primarily through retail and foodservice channels.

Its offerings include coffee products under brands such as Folgers, Café Bustelo and Dunkin’ packaged coffee; fruit spreads and related products under the Smucker’s brand; peanut butter and other foods under Jif; and frozen handheld snacks under the Uncrustables brand.