J. M. Smucker (NYSE:SJM) Shares Gap Down After Earnings Miss

The J. M. Smucker Company (NYSE:SJM)’s share price gapped down prior to trading on Tuesday following a dissappointing earnings announcement. The stock had previously closed at $104.27, but opened at $100.38. J. M. Smucker shares last traded at $102.0350, with a volume of 380,831 shares.

The company reported $2.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.12 by ($0.02). The company had revenue of $2.33 billion for the quarter, compared to analysts’ expectations of $2.32 billion. J. M. Smucker had a positive return on equity of 15.41% and a negative net margin of 16.75%.The business’s quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter last year, the business posted $2.76 EPS. J. M. Smucker has set its FY 2026 guidance at 8.750-9.250 EPS.

J. M. Smucker Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Friday, November 14th will be issued a $1.10 dividend. The ex-dividend date of this dividend is Friday, November 14th. This represents a $4.40 annualized dividend and a dividend yield of 4.3%. J. M. Smucker’s dividend payout ratio is presently -32.09%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on SJM shares. Morgan Stanley boosted their price objective on J. M. Smucker from $115.00 to $118.00 and gave the stock an “overweight” rating in a report on Monday, August 18th. Weiss Ratings reissued a “sell (d)” rating on shares of J. M. Smucker in a report on Wednesday, October 8th. Stifel Nicolaus raised their price objective on shares of J. M. Smucker from $110.00 to $115.00 and gave the company a “hold” rating in a research report on Friday, October 24th. UBS Group reaffirmed a “buy” rating and set a $120.00 price objective on shares of J. M. Smucker in a report on Monday. Finally, JPMorgan Chase & Co. reduced their target price on J. M. Smucker from $129.00 to $126.00 and set an “overweight” rating on the stock in a research note on Thursday, August 28th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $118.31.

Insiders Place Their Bets

In other news, CFO Tucker H. Marshall sold 11,139 shares of J. M. Smucker stock in a transaction dated Tuesday, September 30th. The shares were sold at an average price of $108.11, for a total transaction of $1,204,237.29. Following the sale, the chief financial officer owned 33,864 shares of the company’s stock, valued at approximately $3,661,037.04. The trade was a 24.75% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.24% of the stock is currently owned by company insiders.

Institutional Trading of J. M. Smucker

Several large investors have recently bought and sold shares of SJM. Two Sigma Investments LP lifted its stake in shares of J. M. Smucker by 6,854.4% in the 3rd 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 during the period. National Bank of Canada FI lifted its position in J. M. Smucker by 797.4% during the third quarter. National Bank of Canada FI now owns 1,401,173 shares of the company’s stock valued at $152,167,000 after buying an additional 1,245,035 shares during the period. Norges Bank bought a new stake in shares of J. M. Smucker during the 2nd quarter valued at $112,829,000. Engineers Gate Manager LP purchased a new stake in shares of J. M. Smucker in the 2nd quarter worth about $109,896,000. Finally, Capitolis Liquid Global Markets LLC bought a new position in shares of J. M. Smucker in the 3rd quarter worth about $112,944,000. 81.66% of the stock is owned by institutional investors.

J. M. Smucker Stock Performance

The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.34 and a current ratio of 0.81. The business’s 50-day moving average is $105.88 and its 200-day moving average is $106.95. The company has a market capitalization of $10.83 billion, a PE ratio of -7.44, a PEG ratio of 6.97 and a beta of 0.24.

About J. M. Smucker

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.