Wells Fargo & Company Forecasts Strong Price Appreciation for J. M. Smucker (NYSE:SJM) Stock

J. M. Smucker (NYSE:SJM) had its price objective lifted by Wells Fargo & Company from $120.00 to $135.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Wells Fargo & Company‘s price objective suggests a potential upside of 16.32% from the stock’s current price.

SJM has been the topic of several other research reports. Canaccord Genuity Group upgraded J. M. Smucker to a “buy” rating in a research note on Friday, January 16th. TD Cowen boosted their target price on J. M. Smucker from $105.00 to $112.00 and gave the stock a “hold” rating in a report on Friday, February 20th. Stifel Nicolaus reduced their price target on J. M. Smucker from $115.00 to $110.00 and set a “hold” rating for the company in a report on Wednesday, November 26th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of J. M. Smucker in a research report on Wednesday, January 21st. Finally, JPMorgan Chase & Co. increased their price objective on shares of J. M. Smucker from $121.00 to $122.00 and gave the company an “overweight” rating in a research report on Monday, February 23rd. Eight research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $118.00.

J. M. Smucker Stock Up 0.0%

NYSE:SJM opened at $116.06 on Friday. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.89 and a quick ratio of 0.37. The firm’s 50-day moving average price is $104.10 and its 200-day moving average price is $105.38. The company has a market capitalization of $12.38 billion, a PE ratio of -9.84, a P/E/G ratio of 7.09 and a beta of 0.23. J. M. Smucker has a 1-year low of $93.30 and a 1-year high of $121.48.

J. M. Smucker (NYSE:SJM) last posted its quarterly earnings data on Thursday, February 26th. The company reported $2.38 EPS for the quarter, topping the consensus estimate of $2.27 by $0.11. The business had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.32 billion. J. M. Smucker had a negative net margin of 14.07% and a positive return on equity of 15.42%. J. M. Smucker’s quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.61 earnings per share. On average, equities analysts predict that J. M. Smucker will post 9.88 EPS for the current fiscal year.

Institutional Trading of J. M. Smucker

A number of institutional investors have recently made changes to their positions in SJM. Ashton Thomas Private Wealth LLC grew its stake in shares of J. M. Smucker by 150.0% in the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 57,999 shares of the company’s stock worth $6,299,000 after buying an additional 34,800 shares in the last quarter. ProShare Advisors LLC raised its position in shares of J. M. Smucker by 13.8% during the 3rd quarter. ProShare Advisors LLC now owns 1,562,259 shares of the company’s stock valued at $169,661,000 after buying an additional 188,868 shares in the last quarter. Ethic Inc. lifted its holdings in shares of J. M. Smucker by 28.8% in the 3rd quarter. Ethic Inc. now owns 54,860 shares of the company’s stock valued at $5,958,000 after acquiring an additional 12,279 shares during the last quarter. Wedge Capital Management L L P NC purchased a new position in J. M. Smucker in the third quarter worth about $4,476,000. Finally, Thompson Investment Management Inc. purchased a new position in J. M. Smucker in the third quarter worth about $5,464,000. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Key J. M. Smucker News

Here are the key news stories impacting J. M. Smucker this week:

• Positive Sentiment: Activist resolution — Elliott secured two board seats and Smucker agreed to add two independent directors; the development sparked a strong investor rally. Reuters: J.M. Smucker adds two directors after private discussions with activist Elliott
• Positive Sentiment: Earnings beat and revenue growth — Q3 adjusted EPS $2.38 vs. $2.27 est; revenue $2.34B, +7% YoY driven by pricing in the coffee business, which helped offset cost headwinds. This beat underpins near‑term confidence. Zacks: Smucker Q3 Earnings Beat
• Positive Sentiment: Analyst upgrades and higher targets — Wells Fargo raised its target to $135 (Overweight) and Sanford C. Bernstein raised its target to $121 (Market Perform); JPMorgan also nudged its target higher. These raises provide additional buy‑side support. Benzinga: Analyst target updates TickerReport: Wells Fargo note
• Neutral Sentiment: Earnings materials and call — The company posted its slide deck, earnings presentation and call transcript, which give more detail on margin drivers, capital allocation and guidance adjustments for investors doing deeper due diligence. Seeking Alpha: Q3 Results Presentation
• Negative Sentiment: Guidance headwinds and cost pressures — Management trimmed its sales‑growth outlook citing a recent manufacturing‑facility fire; higher green‑coffee costs and tariffs pressured year‑over‑year earnings despite the beat. These factors limit upside until guidance and cost trends stabilize. WSJ: Sales rise but guidance lowered after plant fire

J. M. Smucker Company Profile

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.