Brokerages Set The J. M. Smucker Company (NYSE:SJM) Target Price at $121.67

Shares of The J. M. Smucker Company (NYSE:SJMGet Free Report) have been assigned an average rating of “Hold” from the nineteen brokerages that are presently covering the stock, Marketbeat reports. Ten research analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $121.6667.

A number of equities analysts have weighed in on SJM shares. Barclays increased their price target 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. Sanford C. Bernstein reissued an “outperform” rating and set a $137.00 price objective on shares of J. M. Smucker in a research note on Wednesday, June 10th. BTIG Research set a $130.00 price objective on J. M. Smucker in a report on Wednesday, June 10th. TD Cowen increased their target price on J. M. Smucker from $103.00 to $115.00 and gave the stock a “hold” rating in a research report on Wednesday, June 10th. Finally, Evercore reiterated an “outperform” rating and issued a $125.00 target price on shares of J. M. Smucker in a report on Thursday, July 23rd.

View Our Latest Stock Report on J. M. Smucker

Insider Transactions at J. M. Smucker

In other news, insider Jill R. Penrose sold 5,000 shares of the business’s stock in a transaction dated 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 owned 15,795 shares in the company, valued at approximately $1,843,118.55. The trade was a 24.04% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Tucker H. Marshall sold 3,630 shares of the stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of $111.05, for a total transaction of $403,111.50. Following the sale, the chief financial officer directly owned 38,699 shares of the company’s stock, valued at approximately $4,297,523.95. This trade represents a 8.58% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 18,533 shares of company stock worth $2,132,914 in the last three months. 2.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Dorato Capital Management purchased a new stake in shares of J. M. Smucker in the fourth quarter worth about $1,682,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of J. M. Smucker by 4.7% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 271,304 shares of the company’s stock valued at $26,216,000 after buying an additional 12,220 shares during the period. Hudson Edge Investment Partners Inc. raised its holdings in shares of J. M. Smucker by 20.9% during the 4th quarter. Hudson Edge Investment Partners Inc. now owns 72,437 shares of the company’s stock valued at $7,085,000 after buying an additional 12,540 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in J. M. Smucker by 130.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 184,104 shares of the company’s stock worth $18,007,000 after acquiring an additional 104,299 shares in the last quarter. Finally, TABR Capital Management LLC acquired a new position in J. M. Smucker during the 4th quarter worth approximately $2,616,000. 81.66% of the stock is owned by institutional investors and hedge funds.

J. M. Smucker Stock Up 0.3%

SJM opened at $119.57 on Friday. J. M. Smucker has a 12 month low of $88.25 and a 12 month high of $127.64. The business has a 50-day moving average of $111.89 and a two-hundred day moving average of $105.65. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.78 and a quick ratio of 0.33. The stock has a market capitalization of $12.75 billion, a price-to-earnings ratio of -91.98, a price-to-earnings-growth ratio of 1.67 and a beta of 0.25.

J. M. Smucker (NYSE:SJMGet Free Report) last announced 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 business had revenue of $2.27 billion for the quarter, compared to analyst estimates of $2.26 billion. During the same period in the prior year, the firm posted $2.31 EPS. The company’s 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. On average, research analysts expect that J. M. Smucker will post 9.95 earnings per share for the current year.

J. M. Smucker Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Friday, August 14th will be paid a dividend of $1.12 per share. This is a boost from J. M. Smucker’s previous quarterly dividend of $1.10. This represents a $4.48 annualized dividend and a yield of 3.7%. The ex-dividend date is Friday, August 14th. J. M. Smucker’s payout ratio is currently -338.46%.

J. M. Smucker Company Profile

(Get Free Report)

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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Analyst Recommendations for J. M. Smucker (NYSE:SJM)

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