The J. M. Smucker Company (NYSE:SJM) Receives $116.79 Average Price Target from Brokerages

Shares of The J. M. Smucker Company (NYSE:SJM) have earned a consensus recommendation of “Hold” from the eighteen analysts that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, nine have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $116.7857.

Several research firms have commented on SJM. UBS Group lowered their target price on shares of J. M. Smucker from $120.00 to $117.00 and set a “buy” rating on the stock in a research report on Wednesday, November 26th. JPMorgan Chase & Co. decreased their price target on J. M. Smucker from $122.00 to $121.00 and set an “overweight” rating for the company in a research note on Wednesday, November 26th. Bank of America lowered their price objective on J. M. Smucker from $120.00 to $118.00 and set a “neutral” rating on the stock in a report on Thursday, August 28th. Barclays reissued an “equal weight” rating and issued a $105.00 price objective on shares of J. M. Smucker in a research note on Friday, August 29th. Finally, Citigroup reaffirmed a “hold” rating on shares of J. M. Smucker in a research report on Wednesday, November 26th.

Insider Transactions at J. M. Smucker

In related news, CFO Tucker H. Marshall sold 11,139 shares of J. M. Smucker stock in a transaction on Tuesday, September 30th. The shares were sold at an average price of $108.11, for a total value of $1,204,237.29. Following the transaction, the chief financial officer owned 33,864 shares in the company, valued at $3,661,037.04. This trade represents a 24.75% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 2.24% of the company’s stock.

Institutional Investors Weigh In On J. M. Smucker

A number of hedge funds have recently bought and sold shares of SJM. Public Sector Pension Investment Board lifted its position in shares of J. M. Smucker by 8.3% during the 1st quarter. Public Sector Pension Investment Board now owns 14,434 shares of the company’s stock worth $1,709,000 after purchasing an additional 1,112 shares during the last quarter. Aberdeen Group plc increased its position in J. M. Smucker by 94.4% in the 1st quarter. Aberdeen Group plc now owns 72,217 shares of the company’s stock worth $8,560,000 after buying an additional 35,071 shares during the period. Raymond James Financial Inc. increased its position in J. M. Smucker by 8.0% in the 1st quarter. Raymond James Financial Inc. now owns 323,423 shares of the company’s stock worth $38,297,000 after buying an additional 23,860 shares during the period. Northern Trust Corp lifted its holdings in shares of J. M. Smucker by 7.9% during the first quarter. Northern Trust Corp now owns 1,219,932 shares of the company’s stock worth $144,452,000 after buying an additional 89,316 shares during the last quarter. Finally, Wellington Management Group LLP bought a new stake in shares of J. M. Smucker in the first quarter valued at approximately $556,000. 81.66% of the stock is currently owned by institutional investors.

J. M. Smucker Trading Down 1.7%

NYSE:SJM opened at $98.70 on Thursday. The company has a market capitalization of $10.53 billion, a P/E ratio of -8.80, a P/E/G ratio of 6.71 and a beta of 0.22. The stock’s 50 day moving average price is $103.42 and its 200 day moving average price is $105.45. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.37 and a current ratio of 0.89. J. M. Smucker has a 52 week low of $93.30 and a 52 week high of $121.48.

J. M. Smucker (NYSE:SJM) last posted its earnings results on Tuesday, November 25th. The company reported $2.10 EPS for the quarter, missing the consensus estimate of $2.12 by ($0.02). J. M. Smucker had a positive return on equity of 15.26% and a negative net margin of 13.61%.The business had revenue of $2.33 billion during the quarter, compared to the consensus estimate of $2.32 billion. During the same period in the prior year, the firm earned $2.76 earnings per share. The business’s revenue was up 2.6% on a year-over-year basis. J. M. Smucker has set its FY 2026 guidance at 8.750-9.250 EPS. On average, research analysts forecast that J. M. Smucker will post 9.88 EPS for the current fiscal year.

J. M. Smucker Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Friday, November 14th were issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend was Friday, November 14th. J. M. Smucker’s dividend payout ratio is currently -39.22%.

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.