J. M. Smucker (NYSE:SJM) Announces Earnings Results

J. M. Smucker (NYSE:SJM) issued its earnings results on Tuesday. The company reported $2.31 EPS for the quarter, beating analysts’ consensus estimates of $2.25 by $0.06, Briefing.com reports. J. M. Smucker had a return on equity of 14.35% and a net margin of 5.96%. The firm had revenue of $2.14 billion for the quarter, compared to the consensus estimate of $2.18 billion. During the same quarter in the previous year, the company posted $2.66 earnings per share. The business’s quarterly revenue was down 2.8% compared to the same quarter last year. J. M. Smucker updated its FY 2026 guidance to 8.500-9.500 EPS.

J. M. Smucker Price Performance

NYSE SJM opened at $94.32 on Wednesday. The stock has a 50-day simple moving average of $113.27 and a 200 day simple moving average of $111.09. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.27 and a current ratio of 0.58. The stock has a market capitalization of $10.04 billion, a PE ratio of 19.09, a P/E/G ratio of 3.91 and a beta of 0.35. J. M. Smucker has a twelve month low of $93.93 and a twelve month high of $125.42.

J. M. Smucker Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Friday, May 16th were given a dividend of $1.08 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $4.32 annualized dividend and a dividend yield of 4.58%. J. M. Smucker’s dividend payout ratio is presently -179.25%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on SJM. Jefferies Financial Group reaffirmed a “hold” rating on shares of J. M. Smucker in a research report on Wednesday, May 28th. Morgan Stanley reaffirmed an “overweight” rating and issued a $124.00 price target (up previously from $123.00) on shares of J. M. Smucker in a research report on Friday, June 6th. Stifel Nicolaus set a $120.00 price target on J. M. Smucker in a research report on Tuesday. Barclays reduced their price target on J. M. Smucker from $123.00 to $119.00 and set an “equal weight” rating for the company in a research report on Monday, March 3rd. Finally, DA Davidson cut their price objective on J. M. Smucker from $122.00 to $120.00 and set a “neutral” rating for the company in a research report on Tuesday, March 11th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, J. M. Smucker currently has an average rating of “Hold” and a consensus target price of $125.30.

Insider Buying and Selling at J. M. Smucker

In other J. M. Smucker news, CFO Tucker H. Marshall sold 5,028 shares of the company’s stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $113.36, for a total value of $569,974.08. Following the completion of the transaction, the chief financial officer now owns 13,263 shares of the company’s stock, valued at $1,503,493.68. This represents a 27.49% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Jill R. Penrose sold 5,117 shares of the company’s stock in a transaction that occurred on Friday, March 28th. The shares were sold at an average price of $116.26, for a total value of $594,902.42. Following the completion of the transaction, the insider now directly owns 8,794 shares of the company’s stock, valued at approximately $1,022,390.44. This trade represents a 36.78% decrease in their position. The disclosure for this sale can be found here. Insiders own 3.40% of the company’s stock.

Hedge Funds Weigh In On J. M. Smucker

Large investors have recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in J. M. Smucker by 10.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,440 shares of the company’s stock valued at $2,286,000 after acquiring an additional 1,763 shares in the last quarter. Empowered Funds LLC raised its holdings in shares of J. M. Smucker by 28.6% in the 1st quarter. Empowered Funds LLC now owns 12,992 shares of the company’s stock worth $1,538,000 after buying an additional 2,889 shares in the last quarter. Woodline Partners LP raised its holdings in shares of J. M. Smucker by 40.7% in the 1st quarter. Woodline Partners LP now owns 8,990 shares of the company’s stock worth $1,065,000 after buying an additional 2,600 shares in the last quarter. Finally, United Services Automobile Association acquired a new position in shares of J. M. Smucker in the 1st quarter worth approximately $253,000. Institutional investors and hedge funds own 81.66% of the company’s stock.

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.