The J. M. Smucker Company (NYSE:SJM) Receives Average Rating of “Hold” from Analysts

The J. M. Smucker Company (NYSE:SJM) has been assigned an average recommendation of “Hold” from the eighteen brokerages that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, nine have given a hold recommendation, seven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $116.7857.

SJM has been the topic of several research reports. Morgan Stanley dropped their price objective on J. M. Smucker from $118.00 to $115.00 and set an “overweight” rating on the stock in a report on Wednesday. Cfra Research upgraded J. M. Smucker from a “hold” rating to a “moderate buy” rating in a research note on Wednesday, August 27th. Argus lowered J. M. Smucker from a “buy” rating to a “hold” rating in a research report on Friday, September 12th. Sanford C. Bernstein increased their price objective on J. M. Smucker from $110.00 to $113.00 and gave the company a “market perform” rating in a report on Wednesday. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of J. M. Smucker in a report on Wednesday, October 8th.

J. M. Smucker Trading Up 2.9%

NYSE:SJM opened at $103.31 on Friday. J. M. Smucker has a 1 year low of $93.30 and a 1 year high of $121.48. The stock has a market cap of $11.02 billion, a P/E ratio of -7.54, a P/E/G ratio of 6.97 and a beta of 0.24. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.34 and a current ratio of 0.81. The stock has a 50-day simple moving average of $105.69 and a 200-day simple moving average of $106.82.

J. M. Smucker (NYSE:SJM) last posted its earnings results on Tuesday, November 25th. The company reported $2.10 earnings per share for the quarter, missing the consensus estimate of $2.12 by ($0.02). The business had revenue of $2.33 billion for the quarter, compared to analysts’ expectations of $2.32 billion. J. M. Smucker had a positive return on equity of 15.41% and a negative net margin of 16.75%.J. M. Smucker’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.76 EPS. J. M. Smucker has set its FY 2026 guidance at 8.750-9.250 EPS. As a group, analysts anticipate that J. M. Smucker will post 9.88 earnings per share for the current fiscal year.

J. M. Smucker Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Friday, November 14th will be paid a $1.10 dividend. The ex-dividend date is Friday, November 14th. This represents a $4.40 dividend on an annualized basis and a yield of 4.3%. J. M. Smucker’s payout ratio is currently -39.22%.

Insider Activity at J. M. Smucker

In other 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 sale, the chief financial officer owned 33,864 shares in the company, valued at approximately $3,661,037.04. This represents a 24.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.24% of the company’s stock.

Institutional Trading of J. M. Smucker

Hedge funds have recently added to or reduced their stakes in the stock. Two Sigma Investments LP grew its stake in shares of J. M. Smucker by 6,854.4% in the 3rd 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 during the last quarter. National Bank of Canada FI lifted its position in J. M. Smucker by 797.4% in the third quarter. National Bank of Canada FI now owns 1,401,173 shares of the company’s stock valued at $152,167,000 after purchasing an additional 1,245,035 shares during the period. Norges Bank purchased a new stake in J. M. Smucker in the 2nd quarter valued at approximately $112,829,000. Engineers Gate Manager LP acquired a new position in J. M. Smucker during the 2nd quarter worth approximately $109,896,000. Finally, Capitolis Liquid Global Markets LLC purchased a new position in shares of J. M. Smucker during the 3rd quarter worth approximately $112,944,000. 81.66% of the stock is owned by institutional investors and hedge funds.

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.