Analysts Set The J. M. Smucker Company (NYSE:SJM) Price Target at $118.38

Shares of The J. M. Smucker Company (NYSE:SJM) have been given an average rating of “Moderate Buy” by the seventeen brokerages that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation, eight have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $118.3846.

SJM has been the subject of several analyst reports. Morgan Stanley increased their target price on shares of J. M. Smucker from $115.00 to $118.00 and gave the company an “overweight” rating in a report on Monday, August 18th. Argus lowered shares of J. M. Smucker from a “buy” rating to a “hold” rating in a research report on Friday, September 12th. JPMorgan Chase & Co. cut their target price on shares of J. M. Smucker from $129.00 to $126.00 and set an “overweight” rating for the company in a research report on Thursday, August 28th. Weiss Ratings reiterated a “sell (d)” rating on shares of J. M. Smucker in a research report on Wednesday, October 8th. Finally, Wells Fargo & Company increased their target price on shares of J. M. Smucker from $115.00 to $120.00 and gave the stock an “overweight” rating in a research report on Monday, August 18th.

Insiders Place Their Bets

In other J. M. Smucker news, CFO Tucker H. Marshall sold 11,139 shares of the stock in a transaction dated Tuesday, September 30th. The shares were sold at an average price of $108.11, for a total transaction of $1,204,237.29. Following the completion of 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.24% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On J. M. Smucker

A number of large investors have recently modified their holdings of the company. Ashton Thomas Private Wealth LLC boosted its position in shares of J. M. Smucker by 150.0% in the third quarter. Ashton Thomas Private Wealth LLC now owns 57,999 shares of the company’s stock valued at $6,299,000 after acquiring an additional 34,800 shares during the period. Jones Financial Companies Lllp boosted its position in shares of J. M. Smucker by 54.0% in the third quarter. Jones Financial Companies Lllp now owns 7,393 shares of the company’s stock valued at $807,000 after acquiring an additional 2,592 shares during the period. A4 Wealth Advisors LLC bought a new position in shares of J. M. Smucker in the third quarter valued at approximately $301,000. Independent Advisor Alliance boosted its position in shares of J. M. Smucker by 5.0% in the third quarter. Independent Advisor Alliance now owns 5,200 shares of the company’s stock valued at $565,000 after acquiring an additional 247 shares during the period. Finally, Frank Rimerman Advisors LLC bought a new position in shares of J. M. Smucker in the third quarter valued at approximately $203,000. 81.66% of the stock is currently owned by institutional investors.

J. M. Smucker Stock Performance

SJM opened at $103.64 on Wednesday. The company has a current ratio of 0.81, a quick ratio of 0.34 and a debt-to-equity ratio of 1.19. The company’s fifty day moving average price is $106.68 and its two-hundred day moving average price is $107.76. J. M. Smucker has a 1-year low of $93.30 and a 1-year high of $125.42. The company has a market cap of $11.06 billion, a price-to-earnings ratio of -7.56, a PEG ratio of 6.97 and a beta of 0.25.

J. M. Smucker (NYSE:SJM) last released its quarterly earnings data on Wednesday, August 27th. The company reported $1.90 earnings per share for the quarter, missing the consensus estimate of $1.95 by ($0.05). The business had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.09 billion. J. M. Smucker had a positive return on equity of 15.41% and a negative net margin of 16.75%.The business’s quarterly revenue was down .6% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.44 EPS. J. M. Smucker has set its FY 2026 guidance at 8.500-9.500 EPS. On average, analysts expect that J. M. Smucker will post 9.88 EPS for the current fiscal year.

J. M. Smucker Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Friday, November 14th will be given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date is Friday, November 14th. J. M. Smucker’s dividend payout ratio (DPR) is currently -32.09%.

About J. M. Smucker

The J. M. Smucker Company manufactures and markets branded food and beverage products worldwide. It operates in three segments: U.S. Retail Pet Foods, U.S. Retail Coffee, and U.S. Retail Consumer Foods. The company offers mainstream roast, ground, single serve, and premium coffee; peanut butter and specialty spreads; fruit spreads, toppings, and syrups; jelly products; nut mix products; shortening and oils; frozen sandwiches and snacks; pet food and pet snacks; and foodservice hot beverage, foodservice portion control, and flour products, as well as dog and cat food, frozen handheld products, juices and beverages, and baking mixes and ingredients.