Brokerages Set The J. M. Smucker Company (NYSE:SJM) Target Price at $119.07

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

A number of brokerages have recently issued reports on SJM. Royal Bank Of Canada boosted their price objective on J. M. Smucker from $130.00 to $135.00 and gave the company an “outperform” rating in a research note on Wednesday, June 10th. Wells Fargo & Company set a $115.00 price objective on J. M. Smucker in a research note on Wednesday, June 10th. BTIG Research set a $130.00 price objective on J. M. Smucker in a research note on Wednesday, June 10th. BNP Paribas Exane set a $125.00 price objective on J. M. Smucker in a research note on Thursday, April 9th. Finally, Wall Street Zen raised J. M. Smucker from a “hold” rating to a “buy” rating in a research note on Saturday.

Insider Activity

In other news, insider Jeannette L. Knudsen sold 5,550 shares of the business’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 transaction, the insider directly owned 16,039 shares of the company’s stock, valued at $1,865,175.31. The trade was a 25.71% decrease in their position. 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.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. First National Bank of Mount Dora Trust Investment Services acquired a new position in J. M. Smucker during the 1st quarter worth approximately $372,000. DV Trading LLC acquired a new position in J. M. Smucker during the 1st quarter worth approximately $240,000. 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. NewEdge Advisors LLC raised its stake in J. M. Smucker by 0.9% during the 1st quarter. NewEdge Advisors LLC now owns 538,135 shares of the company’s stock worth $51,898,000 after buying an additional 4,701 shares during the period. Finally, Glenmede Trust Co. NA raised its stake in J. M. Smucker by 2.3% during the 1st quarter. Glenmede Trust Co. NA now owns 5,811 shares of the company’s stock worth $560,000 after buying an additional 132 shares during the period. 81.66% of the stock is owned by institutional investors and hedge funds.

J. M. Smucker Trading Down 0.6%

NYSE SJM opened at $115.79 on Thursday. The business’s 50-day moving average price is $100.03 and its two-hundred day moving average price is $102.10. J. M. Smucker has a 12 month low of $88.25 and a 12 month high of $119.39. The firm has a market capitalization of $12.35 billion, a PE ratio of -89.07, a price-to-earnings-growth ratio of 1.63 and a beta of 0.27. 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 (NYSE:SJM) last released its quarterly earnings results on Tuesday, June 9th. The company reported $2.77 EPS for the quarter, beating analysts’ consensus estimates of $2.64 by $0.13. J. M. Smucker had a positive return on equity of 17.18% and a negative net margin of 1.53%.The firm had revenue of $2.27 billion for the quarter, compared to analyst estimates of $2.26 billion. During the same quarter in the previous year, the company posted $2.31 EPS. The business’s revenue was up 5.8% on a year-over-year basis. J. M. Smucker has set its FY 2027 guidance at 9.750-10.250 EPS. On average, analysts expect that J. M. Smucker will post 9.95 EPS for the current year.

J. M. Smucker Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Friday, May 15th were paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend was Friday, May 15th. J. M. Smucker’s payout ratio is currently -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.