The J. M. Smucker Company (NYSE:SJM) Stock Has Consensus Target Price of $136.00

The J. M. Smucker Company (NYSE:SJM) has received a consensus rating of “Moderate Buy” from the eighteen research firms that are currently covering the stock, MarketBeat Ratings reports. Seven research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $136.00.

Several brokerages recently issued reports on SJM. Wells Fargo & Company increased their price target on J. M. Smucker from $129.00 to $144.00 and gave the company an “overweight” rating in a report on Thursday, August 27th. Jefferies Financial Group boosted their price objective on J. M. Smucker from $129.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, August 19th. HC Wainwright set a $123.00 price objective on J. M. Smucker in a research note on Wednesday, August 19th. BNP Paribas Exane upped their target price on J. M. Smucker from $130.00 to $145.00 and gave the stock an “outperform” rating in a research report on Thursday, August 27th. Finally, Weiss Ratings upgraded J. M. Smucker from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, August 26th.

Insider Activity at J. M. Smucker

In related news, CFO Tucker H. Marshall sold 18,482 shares of J. M. Smucker stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $132.05, for a total transaction of $2,440,548.10. Following the transaction, the chief financial officer directly owned 38,699 shares of the company’s stock, valued at $5,110,202.95. The trade was a 32.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Robert D. Ferguson sold 2,522 shares of the firm’s stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $132.41, for a total transaction of $333,938.02. Following the sale, the insider owned 36,295 shares of the company’s stock, valued at $4,805,820.95. The trade was a 6.50% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 2.80% of the company’s stock.

Institutional Investors Weigh In On J. M. Smucker

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SJM. Dimensional Fund Advisors LP lifted its stake in J. M. Smucker by 15.6% in the first quarter. Dimensional Fund Advisors LP now owns 3,920,718 shares of the company’s stock valued at $378,102,000 after acquiring an additional 528,418 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in J. M. Smucker during the second quarter worth about $103,113,000. Bank of America Corp DE increased its stake in J. M. Smucker by 5.9% during the first quarter. Bank of America Corp DE now owns 767,336 shares of the company’s stock valued at $74,002,000 after acquiring an additional 43,043 shares during the period. Bessemer Group Inc. increased its stake in J. M. Smucker by 22,662.1% during the first quarter. Bessemer Group Inc. now owns 726,112 shares of the company’s stock valued at $70,025,000 after acquiring an additional 722,922 shares during the period. Finally, First Trust Advisors LP increased its stake in J. M. Smucker by 16.6% during the first quarter. First Trust Advisors LP now owns 657,159 shares of the company’s stock valued at $63,376,000 after acquiring an additional 93,657 shares during the period. Hedge funds and other institutional investors own 81.66% of the company’s stock.

J. M. Smucker Stock Up 0.2%

Shares of NYSE:SJM opened at $133.50 on Friday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.35 and a current ratio of 0.87. J. M. Smucker has a 1 year low of $88.25 and a 1 year high of $136.22. The stock has a market capitalization of $14.26 billion, a P/E ratio of 62.38, a PEG ratio of 1.79 and a beta of 0.26. The stock has a 50-day simple moving average of $124.63 and a 200-day simple moving average of $112.25.

J. M. Smucker (NYSE:SJM) last issued its earnings results on Wednesday, August 26th. The company reported $3.24 EPS for the quarter, beating analysts’ consensus estimates of $2.22 by $1.02. The business had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.13 billion. J. M. Smucker had a net margin of 2.51% and a return on equity of 19.85%. The business’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter last year, the firm posted $1.90 EPS. J. M. Smucker has set its FY 2027 guidance at 10.500-11.000 EPS. Equities analysts forecast that J. M. Smucker will post 10.71 earnings per share for the current year.

J. M. Smucker Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Friday, November 13th will be issued a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date is Friday, November 13th. J. M. Smucker’s payout ratio is 209.35%.

J. M. Smucker Company Profile

The J. M. Smucker Company is a food and beverage manufacturer best known for brands including Smucker’s, Jif, Folgers, Café Bustelo and Uncrustables. Its products include fruit spreads, peanut butter, coffee, frozen handheld sandwiches and sweet baked snacks, as well as pet food and treats sold under brands such as Milk-Bone and Meow Mix. Founded in 1897 by Jerome Monroe Smucker in Orrville, Ohio, the company has expanded from its original apple butter business through the development and acquisition of consumer food brands.