The J. M. Smucker Company (NYSE:SJM) Stock Now Rated “Moderate Buy” by Sell-Side Analysts

Shares of The J. M. Smucker Company (NYSE:SJM) have been assigned a consensus recommendation of “Moderate Buy” from the seventeen ratings firms that are presently covering the stock, MarketBeat.com reports. Seven research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $135.94.

SJM has been the subject of several recent analyst reports. UBS Group lifted their price objective on shares of J. M. Smucker from $130.00 to $142.00 and gave the stock a “buy” rating in a research note on Thursday, August 20th. Wells Fargo & Company boosted their price objective on shares of J. M. Smucker from $129.00 to $144.00 and gave the company an “overweight” rating in a research report on Thursday, August 27th. BTIG Research reissued a “buy” rating on shares of J. M. Smucker in a research note on Wednesday, August 26th. Jefferies Financial Group raised their target price on shares of J. M. Smucker from $129.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, August 19th. Finally, Stifel Nicolaus set a $132.00 target price on shares of J. M. Smucker in a report on Thursday, August 27th.

Insider Activity

In other J. M. Smucker news, CFO Tucker Marshall sold 18,482 shares of the firm’s stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $132.05, for a total value of $2,440,548.10. Following the completion of the sale, the chief financial officer owned 38,699 shares of the company’s stock, valued at $5,110,202.95. This trade represents a 32.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Robert Ferguson sold 2,522 shares of the company’s stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $132.41, for a total value of $333,938.02. Following the transaction, the insider directly owned 36,295 shares in the company, valued at approximately $4,805,820.95. This represents a 6.50% decrease in their position. The SEC filing for this sale provides additional information. 2.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On J. M. Smucker

Several hedge funds have recently bought and sold shares of SJM. Glenmede Trust Co. NA raised its position in shares of J. M. Smucker by 2.3% in the 1st quarter. Glenmede Trust Co. NA now owns 5,811 shares of the company’s stock valued at $560,000 after purchasing an additional 132 shares during the last quarter. Moody National Bank Trust Division raised its stake in shares of J. M. Smucker by 5.6% in the second quarter. Moody National Bank Trust Division now owns 2,491 shares of the company’s stock worth $280,000 after purchasing an additional 132 shares during the last quarter. OMERS ADMINISTRATION Corp raised its stake in shares of J. M. Smucker by 3.7% in the first quarter. OMERS ADMINISTRATION Corp now owns 3,956 shares of the company’s stock worth $382,000 after purchasing an additional 142 shares during the last quarter. Valeo Financial Advisors LLC lifted its holdings in shares of J. M. Smucker by 6.8% during the second quarter. Valeo Financial Advisors LLC now owns 2,249 shares of the company’s stock worth $253,000 after purchasing an additional 143 shares during the period. Finally, Leonteq Securities AG raised its holdings in shares of J. M. Smucker by 19.5% during the first quarter. Leonteq Securities AG now owns 979 shares of the company’s stock worth $94,000 after purchasing an additional 160 shares during the last quarter. Institutional investors own 81.66% of the company’s stock.

J. M. Smucker Stock Performance

Shares of NYSE:SJM opened at $127.24 on Wednesday. The firm has a fifty day simple moving average of $122.61 and a two-hundred day simple moving average of $112.02. J. M. Smucker has a 52 week low of $88.25 and a 52 week high of $135.89. The company has a quick ratio of 0.35, a current ratio of 0.87 and a debt-to-equity ratio of 1.11. The stock has a market capitalization of $13.59 billion, a P/E ratio of 59.46, a PEG ratio of 1.72 and a beta of 0.28.

J. M. Smucker (NYSE:SJM) last announced its earnings results on Wednesday, August 26th. The company reported $3.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.22 by $1.02. The firm had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.13 billion. J. M. Smucker had a net margin of 2.51% and a return on equity of 19.85%. The business’s revenue was up 5.0% compared to the same quarter last year. During the same period in the prior year, the company earned $1.90 EPS. J. M. Smucker has set its FY 2027 guidance at 10.500-11.000 EPS. On average, analysts expect that J. M. Smucker will post 10.71 earnings per share for the current fiscal year.

J. M. Smucker Company Profile

The J. M. Smucker Company, founded in 1897 by Jerome Monroe Smucker in Orrville, Ohio, is a food and beverage company serving consumers primarily in the United States and Canada. The company sells branded products through grocery retailers, club stores, e-commerce channels, foodservice distributors and other outlets.

Its portfolio includes coffee brands such as Folgers, Dunkin’ and Café Bustelo; fruit spreads and toppings sold under the Smucker’s name; and peanut butter and related products under the Jif brand.