The J. M. Smucker Company (NYSE:SJM) Receives Average Rating of “Hold” from Brokerages

The J. M. Smucker Company (NYSE:SJM) has been assigned a consensus rating of “Hold” from the twenty research firms that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation and ten have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $121.1333.

A number of brokerages have issued reports on SJM. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $95.00 price objective on shares of J. M. Smucker in a research note on Wednesday, May 20th. UBS Group upped their target price on shares of J. M. Smucker from $121.00 to $130.00 and gave the company a “buy” rating in a research report on Thursday, June 11th. Barclays increased their price target on J. M. Smucker from $103.00 to $125.00 and gave the company an “equal weight” rating in a research note on Thursday, June 11th. Stifel Nicolaus reduced their price target on J. M. Smucker from $120.00 to $100.00 and set a “hold” rating on the stock in a research report on Tuesday, April 21st. Finally, TD Cowen lifted their price objective on J. M. Smucker from $103.00 to $115.00 and gave the stock a “hold” rating in a research note on Wednesday, June 10th.

Insider Transactions at J. M. Smucker

In other news, insider Jeannette L. Knudsen sold 5,550 shares of the company’s stock in a transaction dated Thursday, June 11th. The stock was 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 of the company’s stock, valued at $1,865,175.31. This represents a 25.71% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Tucker H. Marshall sold 3,630 shares of the company’s stock in a transaction dated 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 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 ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 18,533 shares of company stock worth $2,132,914. 2.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On J. M. Smucker

Several hedge funds have recently bought and sold shares of SJM. CX Institutional boosted its position in shares of J. M. Smucker by 221.8% during the second quarter. CX Institutional now owns 2,526 shares of the company’s stock worth $284,000 after purchasing an additional 1,741 shares in the last quarter. First Financial Bank Trust Division bought a new stake in shares of J. M. Smucker in the 2nd quarter valued at $202,000. First National Bank of Mount Dora Trust Investment Services bought a new stake in shares of J. M. Smucker in the 1st quarter valued at $372,000. DV Trading LLC acquired a new stake in J. M. Smucker during the 1st quarter worth $240,000. Finally, Parallel Advisors LLC raised its stake in J. M. Smucker by 9.9% during the 1st quarter. Parallel Advisors LLC now owns 3,687 shares of the company’s stock worth $356,000 after buying an additional 332 shares during the period. 81.66% of the stock is currently owned by institutional investors and hedge funds.

J. M. Smucker Stock Performance

J. M. Smucker stock opened at $116.32 on Monday. The company has a current ratio of 0.78, a quick ratio of 0.33 and a debt-to-equity ratio of 1.15. J. M. Smucker has a 1 year low of $88.25 and a 1 year high of $119.39. The company has a market cap of $12.41 billion, a PE ratio of -89.48, a PEG ratio of 1.62 and a beta of 0.26. The company’s 50-day moving average is $105.45 and its two-hundred day moving average is $103.27.

J. M. Smucker (NYSE:SJM) last issued its quarterly earnings results on Tuesday, June 9th. The company reported $2.77 EPS for the quarter, topping the consensus estimate of $2.64 by $0.13. The company had revenue of $2.27 billion during the quarter, compared to analysts’ expectations of $2.26 billion. J. M. Smucker had a negative net margin of 1.53% and a positive return on equity of 17.18%. J. M. Smucker’s revenue was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.31 EPS. J. M. Smucker has set its FY 2027 guidance at 9.750-10.250 EPS. Equities analysts anticipate that J. M. Smucker will post 9.95 earnings per share for the current year.

J. M. Smucker Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Friday, May 15th were issued a dividend of $1.10 per share. The ex-dividend date was Friday, May 15th. This represents a $4.40 dividend on an annualized basis and a yield of 3.8%. J. M. Smucker’s dividend payout ratio (DPR) is -338.46%.

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.