J. M. Smucker (NYSE:SJM) Releases Earnings Results, Misses Estimates By $0.02 EPS

J. M. Smucker (NYSE:SJM) released its quarterly earnings data on Tuesday. The company reported $2.10 earnings per share for the quarter, missing the consensus estimate of $2.12 by ($0.02), Zacks reports. J. M. Smucker had a positive return on equity of 15.41% and a negative net margin of 16.75%.The firm had revenue of $2.33 billion for the quarter, compared to analyst estimates of $2.32 billion. During the same quarter in the prior year, the firm earned $2.76 earnings per share. The firm’s revenue for the quarter was up 2.6% on a year-over-year basis. J. M. Smucker updated its FY 2026 guidance to 8.750-9.250 EPS.

J. M. Smucker Stock Up 2.9%

NYSE SJM opened at $103.31 on Thursday. 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 has a market cap of $11.02 billion, a price-to-earnings ratio of -7.54, a PEG ratio of 6.97 and a beta of 0.24. The company has a 50 day moving average of $105.76 and a 200-day moving average of $106.85. J. M. Smucker has a 1-year low of $93.30 and a 1-year high of $121.48.

J. M. Smucker Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Friday, November 14th will be given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date is Friday, November 14th. J. M. Smucker’s payout ratio is presently -32.09%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on SJM shares. Argus lowered J. M. Smucker from a “buy” rating to a “hold” rating in a research note on Friday, September 12th. Stifel Nicolaus decreased their target price on J. M. Smucker from $115.00 to $110.00 and set a “hold” rating on the stock in a report on Wednesday. Bank of America cut their price target on J. M. Smucker from $120.00 to $118.00 and set a “neutral” rating for the company in a report on Thursday, August 28th. JPMorgan Chase & Co. decreased their price objective on shares of J. M. Smucker from $122.00 to $121.00 and set an “overweight” rating on the stock in a report on Wednesday. Finally, Wells Fargo & Company lifted their target price on shares of J. M. Smucker from $115.00 to $120.00 and gave the stock an “overweight” rating in a report on Monday, August 18th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, J. M. Smucker presently has a consensus rating of “Hold” and an average price target of $116.79.

Insider Transactions at J. M. Smucker

In other J. M. Smucker news, CFO Tucker H. Marshall sold 11,139 shares of the firm’s stock in a transaction on Tuesday, September 30th. The stock was sold at an average price of $108.11, for a total transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.24% of the stock is owned by corporate insiders.

Institutional Trading of J. M. Smucker

Large investors have recently modified their holdings of the stock. Two Sigma Investments LP raised its stake in J. M. Smucker by 6,854.4% in the third quarter. Two Sigma Investments LP now owns 1,527,962 shares of the company’s stock valued at $165,937,000 after purchasing an additional 1,505,991 shares in the last quarter. Northern Trust Corp raised its position in shares of J. M. Smucker by 14.2% in the 3rd quarter. Northern Trust Corp now owns 1,223,797 shares of the company’s stock valued at $132,904,000 after buying an additional 152,179 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of J. M. Smucker by 339.1% during the 3rd quarter. AQR Capital Management LLC now owns 1,029,222 shares of the company’s stock worth $111,156,000 after acquiring an additional 794,851 shares in the last quarter. Marshall Wace LLP increased its stake in J. M. Smucker by 136.0% in the third quarter. Marshall Wace LLP now owns 875,738 shares of the company’s stock valued at $95,105,000 after acquiring an additional 504,716 shares during the last quarter. Finally, Amundi raised its position in J. M. Smucker by 77.1% during the third quarter. Amundi now owns 825,559 shares of the company’s stock valued at $88,368,000 after purchasing an additional 359,484 shares in the last quarter. 81.66% of the stock is owned by institutional investors and hedge funds.

J. M. Smucker Company Profile

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.