The J. M. Smucker Company (NYSE:SJM – Get Free Report) has been given a consensus recommendation of “Hold” by the nineteen ratings firms that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $121.1333.
SJM has been the topic of a number of research analyst reports. Evercore assumed coverage on J. M. Smucker in a report on Friday, May 15th. They set an “outperform” rating and a $117.00 target price on the stock. Wall Street Zen raised shares of J. M. Smucker from a “hold” rating to a “buy” rating in a report on Saturday, June 13th. Barclays lifted their price objective on shares of J. M. Smucker from $103.00 to $125.00 and gave the stock an “equal weight” rating in a research note on Thursday, June 11th. Stifel Nicolaus cut their target price on shares of J. M. Smucker from $120.00 to $100.00 and set a “hold” rating for the company in a research note on Tuesday, April 21st. Finally, BNP Paribas Exane set a $125.00 target price on shares of J. M. Smucker in a report on Thursday, April 9th.
Get Our Latest Stock Report on SJM
J. M. Smucker Price Performance
J. M. Smucker (NYSE:SJM – Get Free Report) last issued its quarterly earnings results on Tuesday, June 9th. The company reported $2.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.64 by $0.13. J. M. Smucker had a positive return on equity of 17.18% and a negative net margin of 1.53%.The firm had revenue of $2.27 billion during the quarter, compared to analyst estimates of $2.26 billion. During the same period last year, the company posted $2.31 EPS. The firm’s quarterly revenue 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 predict that J. M. Smucker will post 9.95 EPS for the current year.
J. M. Smucker Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Friday, May 15th were paid a dividend of $1.10 per share. The ex-dividend date of this dividend was Friday, May 15th. This represents a $4.40 annualized dividend and a dividend yield of 3.9%. J. M. Smucker’s dividend payout ratio (DPR) is currently -338.46%.
Insider Buying and Selling
In other news, insider Jill R. Penrose sold 5,000 shares of the company’s stock in a transaction on Monday, June 29th. The stock was sold at an average price of $116.69, for a total transaction of $583,450.00. Following the completion of the sale, the insider directly owned 15,795 shares of the company’s stock, valued at $1,843,118.55. This represents a 24.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Tucker H. Marshall sold 3,630 shares of the stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of $111.05, for a total value of $403,111.50. Following the completion of the transaction, the chief financial officer owned 38,699 shares of the company’s stock, valued at $4,297,523.95. This trade represents a 8.58% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 18,533 shares of company stock worth $2,132,914 in the last three months. 2.80% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in the company. Wedge Capital Management L L P NC lifted its position in shares of J. M. Smucker by 5.1% in the 2nd quarter. Wedge Capital Management L L P NC now owns 48,059 shares of the company’s stock valued at $5,407,000 after acquiring an additional 2,315 shares in the last quarter. Tema ETFs LLC raised its stake in J. M. Smucker by 13.0% during the 2nd quarter. Tema ETFs LLC now owns 2,145 shares of the company’s stock valued at $241,000 after purchasing an additional 247 shares during the period. Sage Capital Advisors llc raised its stake in J. M. Smucker by 1.5% during the 2nd quarter. Sage Capital Advisors llc now owns 71,022 shares of the company’s stock valued at $7,990,000 after purchasing an additional 1,027 shares during the period. Everhart Financial Group Inc. lifted its holdings in shares of J. M. Smucker by 34.9% in the second quarter. Everhart Financial Group Inc. now owns 9,615 shares of the company’s stock valued at $1,082,000 after purchasing an additional 2,489 shares in the last quarter. Finally, Valeo Financial Advisors LLC lifted its holdings in shares of J. M. Smucker by 6.8% in the second quarter. Valeo Financial Advisors LLC now owns 2,249 shares of the company’s stock valued at $253,000 after purchasing an additional 143 shares in the last quarter. 81.66% of the stock is owned by hedge funds and other 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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