Shares of The J. M. Smucker Company (NYSE:SJM – Get Free Report) have been assigned a consensus recommendation of “Hold” from the twenty research firms that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have given a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $121.1333.
Several brokerages recently weighed in on SJM. JPMorgan Chase & Co. boosted their price objective on shares of J. M. Smucker from $120.00 to $125.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 10th. TD Cowen boosted their price objective on shares of J. M. Smucker from $103.00 to $115.00 and gave the stock a “hold” rating in a research note on Wednesday, June 10th. Wall Street Zen raised shares of J. M. Smucker from a “hold” rating to a “buy” rating in a research note on Saturday, June 13th. Bank of America upped their price target on shares of J. M. Smucker from $130.00 to $132.00 and gave the company a “buy” rating in a research report on Wednesday, June 10th. Finally, Barclays upped their price target on shares of J. M. Smucker from $103.00 to $125.00 and gave the company an “equal weight” rating in a research report on Thursday, June 11th.
Read Our Latest Stock Report on J. M. Smucker
J. M. Smucker Stock Performance
J. M. Smucker (NYSE:SJM – Get Free Report) last issued its quarterly earnings data on Tuesday, June 9th. The company reported $2.77 earnings per share for the quarter, topping the consensus estimate of $2.64 by $0.13. J. M. Smucker had a negative net margin of 1.53% and a positive return on equity of 17.18%. The company had revenue of $2.27 billion for the quarter, compared to analysts’ expectations of $2.26 billion. During the same quarter in the previous year, the firm posted $2.31 earnings per share. J. M. Smucker’s revenue for the quarter was up 5.8% on a year-over-year basis. J. M. Smucker has set its FY 2027 guidance at 9.750-10.250 EPS. Sell-side analysts forecast that J. M. Smucker will post 9.95 EPS for the current year.
J. M. Smucker Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Friday, May 15th were given a dividend of $1.10 per share. The ex-dividend date of this dividend was Friday, May 15th. This represents a $4.40 dividend on an annualized basis and a yield of 3.9%. J. M. Smucker’s dividend payout ratio is -338.46%.
Insider Buying and Selling
In other J. M. Smucker news, insider Jeannette L. Knudsen sold 5,550 shares of the firm’s stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $116.29, for a total value of $645,409.50. Following the completion of the sale, the insider directly owned 16,039 shares in the company, valued at approximately $1,865,175.31. This trade represents a 25.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 2.24% of the company’s stock.
Institutional Investors Weigh In On J. M. Smucker
Several hedge funds and other institutional investors have recently bought and sold shares of SJM. Aquatic Capital Management LLC bought a new position in shares of J. M. Smucker during the 3rd quarter worth about $9,444,000. Neo Ivy Capital Management bought a new position in shares of J. M. Smucker during the 3rd quarter worth about $997,000. Murphy Middleton Hinkle & Parker Inc. bought a new position in shares of J. M. Smucker during the 4th quarter worth about $1,406,000. Dorato Capital Management bought a new position in shares of J. M. Smucker during the 4th quarter worth about $1,682,000. Finally, Stance Capital LLC boosted its position in shares of J. M. Smucker by 371.5% during the 3rd quarter. Stance Capital LLC now owns 35,471 shares of the company’s stock worth $3,852,000 after purchasing an additional 27,948 shares in the last quarter. 81.66% of the stock is owned by institutional investors.
About J. M. Smucker
The J. M. Smucker Company is a diversified food and beverage manufacturer and marketer known for a portfolio of well-established consumer brands. The company’s main business activities include the production and distribution of fruit spreads, peanut butter, coffee and coffee filters, as well as pet food and pet snacks. Smucker’s core product lines serve both retail and foodservice customers through grocery chains, mass merchandisers, club stores, convenience outlets and e-commerce channels.
Among its leading brands are Smucker’s® fruit spreads, Jif® peanut butter, Folgers® and Dunkin’® coffees, and Café Bustelo® coffee.
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