J. M. Smucker (NYSE:SJM) Upgraded by Wall Street Zen to “Buy” Rating

Wall Street Zen upgraded shares of J. M. Smucker (NYSE:SJM) from a hold rating to a buy rating in a report published on Saturday morning.

Several other equities analysts have also commented on the company. BTIG Research set a $130.00 price objective on J. M. Smucker in a research report on Wednesday, June 10th. Weiss Ratings upgraded shares of J. M. Smucker from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, July 23rd. Wells Fargo & Company set a $115.00 price objective on shares of J. M. Smucker in a report on Wednesday, June 10th. TD Cowen upped their price objective on shares of J. M. Smucker from $103.00 to $115.00 and gave the company a “hold” rating in a research note on Wednesday, June 10th. Finally, JPMorgan Chase & Co. lifted their target price on shares of J. M. Smucker from $120.00 to $125.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 10th. Nine research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, J. M. Smucker presently has a consensus rating of “Hold” and an average price target of $121.67.

J. M. Smucker Trading Up 1.1%

Shares of SJM opened at $120.13 on Friday. J. M. Smucker has a 1-year low of $88.25 and a 1-year high of $127.64. The company has a market capitalization of $12.81 billion, a P/E ratio of -92.41, a P/E/G ratio of 1.68 and a beta of 0.25. 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 firm’s 50 day simple moving average is $113.46 and its 200 day simple moving average is $106.19.

J. M. Smucker (NYSE:SJM) last issued 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 analyst estimates of $2.26 billion. During the same quarter in the prior year, the firm earned $2.31 EPS. The business’s revenue for the quarter was up 5.8% compared to the same quarter last year. J. M. Smucker has set its FY 2027 guidance at 9.750-10.250 EPS. Sell-side analysts forecast that J. M. Smucker will post 9.95 earnings per share for the current fiscal year.

J. M. Smucker Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Friday, August 14th will be given a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend is Friday, August 14th. This is an increase from J. M. Smucker’s previous quarterly dividend of $1.10. J. M. Smucker’s dividend payout ratio is currently -344.62%.

Insiders Place Their Bets

In other news, insider Jeannette L. Knudsen sold 4,353 shares of the company’s stock in a transaction dated Friday, June 26th. The shares were sold at an average price of $115.08, for a total transaction of $500,943.24. Following the completion of the transaction, the insider directly owned 16,835 shares of the company’s stock, valued at approximately $1,937,371.80. This represents a 20.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Jill R. Penrose sold 5,000 shares of the stock in a transaction that occurred on Monday, June 29th. The stock was sold at an average price of $116.69, for a total value of $583,450.00. Following the completion of the sale, the insider owned 15,795 shares of the company’s stock, valued at approximately $1,843,118.55. This trade represents a 24.04% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 18,533 shares of company stock valued at $2,132,914 in the last quarter. Insiders own 2.80% of the company’s stock.

Institutional Trading of J. M. Smucker

Large investors have recently added to or reduced their stakes in the stock. Golden State Wealth Management LLC raised its holdings in J. M. Smucker by 10.2% in the 4th quarter. Golden State Wealth Management LLC now owns 991 shares of the company’s stock worth $97,000 after purchasing an additional 92 shares in the last quarter. Colonial Trust Advisors boosted its stake in shares of J. M. Smucker by 7.8% during the 4th quarter. Colonial Trust Advisors now owns 1,303 shares of the company’s stock valued at $127,000 after purchasing an additional 94 shares in the last quarter. Harbour Investments Inc. increased its position in shares of J. M. Smucker by 2.1% during the fourth quarter. Harbour Investments Inc. now owns 4,652 shares of the company’s stock valued at $455,000 after buying an additional 97 shares during the period. Delta Asset Management LLC TN increased its position in shares of J. M. Smucker by 7.8% during the fourth quarter. Delta Asset Management LLC TN now owns 1,378 shares of the company’s stock valued at $135,000 after buying an additional 100 shares during the period. Finally, New Mexico Educational Retirement Board raised its stake in J. M. Smucker by 2.1% in the fourth quarter. New Mexico Educational Retirement Board now owns 4,922 shares of the company’s stock worth $481,000 after buying an additional 100 shares in the last quarter. 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.