J. M. Smucker (NYSE:SJM) Given New $139.00 Price Target at JPMorgan Chase & Co.

J. M. Smucker (NYSE:SJM) had its price target lifted by stock analysts at JPMorgan Chase & Co. from $125.00 to $139.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 15.25% from the stock’s previous close.

Several other research firms also recently weighed in on SJM. Wall Street Zen raised shares of J. M. Smucker from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. TD Cowen raised their price objective on J. M. Smucker from $103.00 to $115.00 and gave the stock a “hold” rating in a report on Wednesday, June 10th. Barclays lifted their target price on J. M. Smucker from $103.00 to $125.00 and gave the company an “equal weight” rating in a research report on Thursday, June 11th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $137.00 target price on shares of J. M. Smucker in a report on Wednesday, June 10th. Finally, Weiss Ratings raised J. M. Smucker from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, July 23rd. Nine research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $123.40.

J. M. Smucker Trading Down 0.0%

Shares of NYSE:SJM traded down $0.02 on Friday, hitting $120.61. 157,754 shares of the company’s stock were exchanged, compared to its average volume of 1,837,605. The stock has a market capitalization of $12.86 billion, a price-to-earnings ratio of -92.81, a price-to-earnings-growth ratio of 1.66 and a beta of 0.25. J. M. Smucker has a 12 month low of $88.25 and a 12 month high of $127.64. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.78 and a quick ratio of 0.33. The business’s 50 day simple moving average is $114.89 and its two-hundred day simple moving average is $106.68.

J. M. Smucker (NYSE:SJM) last posted its quarterly earnings results on Tuesday, June 9th. The company reported $2.77 EPS for the quarter, topping analysts’ consensus estimates of $2.64 by $0.13. J. M. Smucker had a negative net margin of 1.53% and a positive return on equity of 17.18%. The firm had revenue of $2.27 billion for the quarter, compared to analysts’ expectations of $2.26 billion. During the same period in the prior year, the business posted $2.31 earnings per share. The business’s revenue for the quarter 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. Analysts anticipate that J. M. Smucker will post 9.95 EPS for the current fiscal year.

Insider Buying and Selling

In other J. M. Smucker news, insider Jeannette L. Knudsen sold 5,550 shares of the company’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $116.29, for a total transaction of $645,409.50. Following the completion of the sale, the insider owned 16,039 shares in the company, valued at $1,865,175.31. This represents a 25.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jill R. Penrose sold 5,000 shares of the stock in a transaction on Monday, June 29th. The shares were sold at an average price of $116.69, for a total value of $583,450.00. Following the sale, the insider directly owned 15,795 shares in the company, valued at $1,843,118.55. This trade represents a 24.04% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 18,533 shares of company stock valued at $2,132,914 over the last 90 days. Corporate insiders own 2.80% of the company’s stock.

Hedge Funds Weigh In On J. M. Smucker

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