J. M. Smucker (NYSE:SJM) Reaches New 12-Month High – What’s Next?

The J. M. Smucker Company (NYSE:SJM) hit a new 52-week high on Monday . The stock traded as high as $120.08 and last traded at $119.7440, with a volume of 172654 shares changing hands. The stock had previously closed at $118.32.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Morgan Stanley increased their target price on J. M. Smucker from $106.00 to $110.00 and gave the stock an “equal weight” rating in a report on Wednesday, June 10th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $95.00 price objective on shares of J. M. Smucker in a research report on Wednesday, May 20th. Weiss Ratings raised shares of J. M. Smucker from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday. BTIG Research set a $130.00 price target on shares of J. M. Smucker in a report on Wednesday, June 10th. Finally, Wall Street Zen lowered shares of J. M. Smucker from a “buy” rating to a “hold” rating in a research report on Saturday. Nine analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $121.67.

J. M. Smucker Trading Up 1.9%

The firm has a 50-day moving average of $109.88 and a two-hundred day moving average of $104.78. The firm has a market capitalization of $12.86 billion, a P/E ratio of -92.73, a P/E/G ratio of 1.65 and a beta of 0.26. 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 earnings results on Tuesday, June 9th. The company reported $2.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.64 by $0.13. The firm had revenue of $2.27 billion for the quarter, compared to analysts’ expectations of $2.26 billion. J. M. Smucker had a positive return on equity of 17.18% and a negative net margin of 1.53%.The business’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.31 earnings per share. J. M. Smucker has set its FY 2027 guidance at 9.750-10.250 EPS. On average, analysts anticipate that The J. M. Smucker Company will post 9.95 EPS for the current year.

J. M. Smucker Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Friday, August 14th will be issued a dividend of $1.12 per share. This is a boost from J. M. Smucker’s previous quarterly dividend of $1.10. The ex-dividend date of this dividend is Friday, August 14th. This represents a $4.48 annualized dividend and a dividend yield of 3.7%. J. M. Smucker’s payout ratio is presently -338.46%.

Insider Activity at J. M. Smucker

In related news, insider Jeannette L. Knudsen sold 4,353 shares of the company’s stock in a transaction that occurred on Friday, June 26th. The shares were sold at an average price of $115.08, for a total transaction of $500,943.24. Following the completion of the transaction, the insider directly owned 16,835 shares in the company, valued at $1,937,371.80. This represents a 20.54% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Tucker H. Marshall sold 3,630 shares of the stock in a transaction that occurred on Wednesday, June 24th. The shares were sold at an average price of $111.05, for a total transaction of $403,111.50. Following the completion of the transaction, the chief financial officer directly owned 38,699 shares of the company’s stock, valued at approximately $4,297,523.95. The trade was a 8.58% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 18,533 shares of company stock valued at $2,132,914. 2.80% of the stock is owned by insiders.

Institutional Investors Weigh In On J. M. Smucker

Hedge funds have recently modified their holdings of the company. Garton & Associates Financial Advisors LLC bought a new stake in J. M. Smucker during the 4th quarter worth $25,000. CYBER HORNET ETFs LLC acquired a new position in J. M. Smucker in the 2nd quarter worth about $27,000. MCF Advisors LLC raised its position in J. M. Smucker by 68.1% in the fourth quarter. MCF Advisors LLC now owns 311 shares of the company’s stock valued at $30,000 after purchasing an additional 126 shares during the last quarter. MUFG Securities EMEA plc bought a new position in J. M. Smucker in the second quarter valued at about $31,000. Finally, Fideuram Asset Management Ireland dac acquired a new stake in shares of J. M. Smucker during the fourth quarter valued at about $32,000. Institutional investors and hedge funds own 81.66% of the company’s stock.

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.