The J. M. Smucker Company (NYSE:SJM – Get Free Report) was the recipient of some unusual options trading activity on Tuesday. Investors bought 2,148 call options on the company. This represents an increase of approximately 40% compared to the average daily volume of 1,539 call options.
Institutional Investors Weigh In On J. M. Smucker
A number of hedge funds and other institutional investors have recently made changes to their positions in SJM. Golden State Wealth Management LLC boosted its stake in shares of J. M. Smucker by 10.2% in the fourth quarter. Golden State Wealth Management LLC now owns 991 shares of the company’s stock valued at $97,000 after buying an additional 92 shares during the period. Colonial Trust Advisors raised its holdings in J. M. Smucker by 7.8% in the 4th quarter. Colonial Trust Advisors now owns 1,303 shares of the company’s stock valued at $127,000 after acquiring an additional 94 shares in the last quarter. Harbour Investments Inc. lifted its position in shares of J. M. Smucker by 2.1% during the 4th quarter. Harbour Investments Inc. now owns 4,652 shares of the company’s stock valued at $455,000 after acquiring an additional 97 shares during the period. Delta Asset Management LLC TN lifted its position in shares of J. M. Smucker by 7.8% during the 4th quarter. Delta Asset Management LLC TN now owns 1,378 shares of the company’s stock valued at $135,000 after acquiring an additional 100 shares during the period. Finally, New Mexico Educational Retirement Board grew its holdings in shares of J. M. Smucker by 2.1% during the 4th quarter. New Mexico Educational Retirement Board now owns 4,922 shares of the company’s stock worth $481,000 after purchasing an additional 100 shares in the last quarter. 81.66% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several research analysts have recently weighed in on SJM shares. Bank of America upgraded shares of J. M. Smucker from a “neutral” rating to a “buy” rating and set a $130.00 price objective on the stock in a research note on Monday, February 23rd. BTIG Research reissued a “buy” rating on shares of J. M. Smucker in a research report on Thursday, June 4th. Weiss Ratings restated a “sell (d)” rating on shares of J. M. Smucker in a research note on Monday, April 20th. JPMorgan Chase & Co. reduced their target price on J. M. Smucker from $130.00 to $120.00 and set an “overweight” rating for the company in a research note on Tuesday, May 19th. Finally, BNP Paribas Exane set a $125.00 target price on J. M. Smucker in a report on Thursday, April 9th. Eleven equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $116.71.
J. M. Smucker Stock Performance
SJM traded up $11.94 during trading on Tuesday, hitting $113.71. The stock had a trading volume of 1,267,296 shares, compared to its average volume of 1,970,779. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.84 and a quick ratio of 0.35. The company has a 50 day moving average price of $98.03 and a 200-day moving average price of $101.68. J. M. Smucker has a one year low of $88.25 and a one year high of $119.39. The firm has a market cap of $12.13 billion, a price-to-earnings ratio of -9.61, a P/E/G ratio of 6.99 and a beta of 0.27.
J. M. Smucker (NYSE:SJM – Get Free Report) last posted its quarterly earnings data on Tuesday, June 9th. The company reported $2.77 earnings per share for the quarter, topping the consensus estimate of $2.65 by $0.12. 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 15.94% and a negative net margin of 14.07%.The company’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter last year, the business earned $2.31 EPS. J. M. Smucker has set its FY 2027 guidance at 9.750-10.250 EPS. As a group, research analysts predict that J. M. Smucker will post 9.03 EPS for the current year.
J. M. Smucker Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Friday, May 15th were issued a $1.10 dividend. The ex-dividend date of this dividend was Friday, May 15th. This represents a $4.40 dividend on an annualized basis and a yield of 3.9%. J. M. Smucker’s payout ratio is currently -37.32%.
Key Stories Impacting J. M. Smucker
Here are the key news stories impacting J. M. Smucker this week:
- Positive Sentiment: Smucker beat quarterly earnings expectations and slightly topped revenue estimates, signaling stronger-than-expected recent performance. Smucker (SJM) Q4 Earnings Top Estimates
- Positive Sentiment: Fiscal 2027 EPS guidance of $9.75 to $10.25 came in above consensus, suggesting management expects solid profitability even as growth moderates. The J.M. Smucker Co. Announces Fiscal Year 2026 Fourth Quarter Results and Provides Full-Year Fiscal 2027 Outlook
- Neutral Sentiment: Analysts and media coverage noted the earnings report was positive, but the market is also weighing mixed guidance that points to lower sales ahead. J.M. Smucker Stock Rises. Earnings and Guidance Go in Opposite Directions.
- Negative Sentiment: Management guided for fiscal 2027 revenue of $8.7 billion to $8.8 billion, below analyst expectations, which raises concerns about slowing top-line growth. J.M. Smucker Expects Sales to Fall This Year
About J. M. Smucker
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.
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