The J. M. Smucker Company (SJM) – What Are Investment Firms Saying About This Stock?

The J. M. Smucker Company (NYSE:SJM) has received an average recommendation of “Moderate Buy” from the eighteen ratings firms that are presently covering the stock, MarketBeat reports. Seven equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $136.00.

Several analysts have recently weighed in on the stock. Royal Bank Of Canada lifted their target price on shares of J. M. Smucker from $135.00 to $150.00 and gave the company an “outperform” rating in a research report on Tuesday, August 25th. HC Wainwright set a $123.00 price target on shares of J. M. Smucker in a research report on Wednesday, August 19th. Jefferies Financial Group raised their price target on shares of J. M. Smucker from $129.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, August 19th. Wells Fargo & Company lifted their price objective on J. M. Smucker from $129.00 to $144.00 and gave the company an “overweight” rating in a report on Thursday, August 27th. Finally, Stifel Nicolaus set a $132.00 price objective on J. M. Smucker in a report on Thursday, August 27th.

Insider Buying and Selling at J. M. Smucker

In related news, CFO Tucker Marshall sold 18,482 shares of the business’s stock in a transaction on Friday, August 28th. The stock was sold at an average price of $132.05, for a total value of $2,440,548.10. Following the sale, the chief financial officer owned 38,699 shares of the company’s stock, valued at $5,110,202.95. The trade was a 32.32% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Robert Ferguson sold 2,522 shares of the company’s stock in a transaction 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 completion of the sale, the insider owned 36,295 shares in the company, valued at $4,805,820.95. This trade represents a 6.50% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 2.80% of the stock is owned by insiders.

Institutional Investors Weigh In On J. M. Smucker

Several large investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP lifted its holdings in J. M. Smucker by 15.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,920,718 shares of the company’s stock valued at $378,102,000 after purchasing an additional 528,418 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in J. M. Smucker during the second quarter worth about $103,113,000. Bank of America Corp DE increased its holdings in shares of J. M. Smucker by 5.9% during the first quarter. Bank of America Corp DE now owns 767,336 shares of the company’s stock worth $74,002,000 after buying an additional 43,043 shares in the last quarter. Bessemer Group Inc. increased its holdings in shares of J. M. Smucker by 22,662.1% during the first quarter. Bessemer Group Inc. now owns 726,112 shares of the company’s stock worth $70,025,000 after buying an additional 722,922 shares in the last quarter. Finally, First Trust Advisors LP increased its holdings in shares of J. M. Smucker by 16.6% during the first quarter. First Trust Advisors LP now owns 657,159 shares of the company’s stock worth $63,376,000 after buying an additional 93,657 shares in the last quarter. Institutional investors own 81.66% of the company’s stock.

J. M. Smucker Stock Performance

SJM opened at $131.75 on Friday. The stock’s 50 day simple moving average is $124.67 and its 200-day simple moving average is $112.55. 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 stock has a market cap of $14.07 billion, a PE ratio of 61.56, a P/E/G ratio of 1.79 and a beta of 0.26. J. M. Smucker has a 1 year low of $88.25 and a 1 year high of $136.22.

J. M. Smucker (NYSE:SJM) last issued its earnings results on Wednesday, August 26th. The company reported $3.24 EPS for the quarter, topping the consensus estimate of $2.22 by $1.02. J. M. Smucker had a return on equity of 19.85% and a net margin of 2.51%. The firm had revenue of $2.22 billion during the quarter, compared to analysts’ expectations of $2.13 billion. During the same period last year, the business earned $1.90 earnings per share. J. M. Smucker’s quarterly revenue was up 5.0% compared to the same quarter last year. J. M. Smucker has set its FY 2027 guidance at 10.500-11.000 EPS. Sell-side analysts forecast that J. M. Smucker will post 10.71 EPS for the current year.

J. M. Smucker Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Friday, November 13th will be given a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a dividend yield of 3.4%. The ex-dividend date is Friday, November 13th. J. M. Smucker’s dividend payout ratio (DPR) is 209.35%.

J. M. Smucker Company Profile

The J. M. Smucker Company is a food and beverage manufacturer best known for brands including Smucker’s, Jif, Folgers, Café Bustelo and Uncrustables. Its products include fruit spreads, peanut butter, coffee, frozen handheld sandwiches and sweet baked snacks, as well as pet food and treats sold under brands such as Milk-Bone and Meow Mix. Founded in 1897 by Jerome Monroe Smucker in Orrville, Ohio, the company has expanded from its original apple butter business through the development and acquisition of consumer food brands.