The J. M. Smucker Company (NYSE:SJM) Stock Has Consensus Price Target of $136.25

The J. M. Smucker Company (NYSE:SJM) has been given an average recommendation of “Moderate Buy” by the seventeen brokerages that are covering the stock, Marketbeat reports. Seven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $135.94.

Several research analysts have issued reports on the company. HC Wainwright set a $123.00 target price on J. M. Smucker in a research report on Wednesday, August 19th. Jefferies Financial Group boosted their price target on J. M. Smucker from $129.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, August 19th. Deutsche Bank Aktiengesellschaft set a $125.00 price target on shares of J. M. Smucker in a research report on Thursday, August 27th. Sanford C. Bernstein increased their price objective on shares of J. M. Smucker from $157.00 to $160.00 and gave the stock an “outperform” rating in a research note on Thursday, October 15th. Finally, Evercore reiterated an “outperform” rating and issued a $150.00 price objective on shares of J. M. Smucker in a research note on Thursday, August 27th.

J. M. Smucker Price Performance

Shares of SJM opened at $129.67 on Wednesday. The firm has a market cap of $13.85 billion, a PE ratio of 60.59, a P/E/G ratio of 1.71 and a beta of 0.28. The company has a current ratio of 0.87, a quick ratio of 0.35 and a debt-to-equity ratio of 1.11. The firm has a fifty day simple moving average of $123.04 and a two-hundred day simple moving average of $112.47. J. M. Smucker has a 1-year low of $88.25 and a 1-year high of $135.89.

J. M. Smucker (NYSE:SJM) last released its quarterly earnings results on Wednesday, August 26th. The company reported $3.24 earnings per share for the quarter, beating the consensus estimate of $2.22 by $1.02. The firm had revenue of $2.22 billion for the quarter, compared to analysts’ expectations 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 period in the prior year, the firm earned $1.90 EPS. J. M. Smucker has set its FY 2027 guidance at 10.500-11.000 EPS. On average, equities analysts anticipate that J. M. Smucker will post 10.71 EPS for the current year.

Insider Buying and Selling

In other J. M. Smucker news, insider Robert Ferguson sold 2,522 shares of the stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $132.41, for a total value of $333,938.02. Following the transaction, the insider directly owned 36,295 shares in the company, valued at approximately $4,805,820.95. This trade represents a 6.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Tucker Marshall sold 18,482 shares of J. M. Smucker stock in a transaction on Friday, August 28th. The stock was sold at an average price of $132.05, for a total transaction of $2,440,548.10. Following the transaction, the chief financial officer owned 38,699 shares in the company, valued at $5,110,202.95. This represents a 32.32% decrease in their position. The SEC filing for this sale provides additional information. 2.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On J. M. Smucker

Hedge funds and other institutional investors have recently modified their holdings of the stock. Glenmede Trust Co. NA boosted its position in shares of J. M. Smucker by 2.3% during the 1st quarter. Glenmede Trust Co. NA now owns 5,811 shares of the company’s stock valued at $560,000 after acquiring an additional 132 shares during the last quarter. Moody National Bank Trust Division grew its holdings in shares of J. M. Smucker by 5.6% in the second quarter. Moody National Bank Trust Division now owns 2,491 shares of the company’s stock valued at $280,000 after purchasing an additional 132 shares in the last quarter. OMERS ADMINISTRATION Corp grew its holdings in shares of J. M. Smucker by 3.7% in the first quarter. OMERS ADMINISTRATION Corp now owns 3,956 shares of the company’s stock valued at $382,000 after purchasing an additional 142 shares in the last quarter. Valeo Financial Advisors LLC increased its position in J. M. Smucker by 6.8% in the second quarter. Valeo Financial Advisors LLC now owns 2,249 shares of the company’s stock worth $253,000 after purchasing an additional 143 shares during the last quarter. Finally, Leonteq Securities AG increased its position in J. M. Smucker by 19.5% in the first quarter. Leonteq Securities AG now owns 979 shares of the company’s stock worth $94,000 after purchasing an additional 160 shares during the last quarter. 81.66% of the stock is currently owned by hedge funds and other institutional investors.

About J. M. Smucker

The J. M. Smucker Company, founded in 1897 by Jerome Monroe Smucker in Orrville, Ohio, is a food and beverage company serving consumers primarily in the United States and Canada. The company sells branded products through grocery retailers, club stores, e-commerce channels, foodservice distributors and other outlets.

Its portfolio includes coffee brands such as Folgers, Dunkin’ and Café Bustelo; fruit spreads and toppings sold under the Smucker’s name; and peanut butter and related products under the Jif brand.