TD Cowen Increases J. M. Smucker (NYSE:SJM) Price Target to $136.00

Key Points

• TD Cowen raised J. M. Smucker’s price target from $123 to $136 while maintaining a “hold” rating, implying roughly 2.1% upside from the stock’s $133.20 price. The broader analyst consensus is “Moderate Buy,” with an average target of $134.82.
• Smucker significantly exceeded quarterly expectations, reporting $3.24 adjusted EPS versus $2.22 expected and $2.22 billion in revenue, up 5% year over year. Management also raised fiscal 2027 guidance to $10.50–$11.00 EPS and approximately $1.1 billion in free cash flow.
• Risks remain: quarterly results benefited from roughly $115 million in tariff refunds, coffee costs remain elevated, and insiders have been net sellers of shares recently.

J. M. Smucker (NYSE:SJM - Get Free Report) had its target price raised by TD Cowen from $123.00 to $136.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has a "hold" rating on the stock. TD Cowen's price target would suggest a potential upside of 2.10% from the company's current price.

Several other research firms have also recently commented on SJM. Wall Street Zen upgraded shares of J. M. Smucker from a "hold" rating to a "buy" rating in a report on Saturday, August 8th. Sanford C. Bernstein upped their target price on J. M. Smucker from $137.00 to $157.00 and gave the stock an "outperform" rating in a research report on Thursday. Jefferies Financial Group raised their price target 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. Wells Fargo & Company boosted their price target on J. M. Smucker from $129.00 to $144.00 and gave the company an "overweight" rating in a research note on Thursday. Finally, HC Wainwright set a $123.00 price objective on shares of J. M. Smucker in a research report on Wednesday, August 19th. Ten equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company's stock. Based on data from MarketBeat, J. M. Smucker currently has an average rating of "Moderate Buy" and an average price target of $134.82.

J. M. Smucker Stock Up 1.8%

J. M. Smucker stock traded up $2.30 during mid-day trading on Thursday, hitting $133.20. The company's stock had a trading volume of 495,870 shares, compared to its average volume of 1,813,902. J. M. Smucker has a 52-week low of $88.25 and a 52-week high of $134.85. The company has a market cap of $14.21 billion, a PE ratio of -102.36, a price-to-earnings-growth ratio of 1.70 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 moving average is $116.86 and its 200 day moving average is $107.81.

J. M. Smucker (NYSE:SJM - Get Free Report) last issued its earnings results on Wednesday, August 26th. The company reported $3.24 earnings per share for the quarter, beating analysts' consensus estimates of $2.22 by $1.02. The company had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.13 billion. J. M. Smucker had a positive return on equity of 17.18% and a negative net margin of 1.53%.The firm's quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.90 EPS. J. M. Smucker has set its FY 2027 guidance at 10.500-11.000 EPS. On average, analysts anticipate that J. M. Smucker will post 9.98 earnings per share for the current year.

Insiders Place Their Bets

In related news, CFO Tucker H. Marshall sold 3,630 shares of the company's stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of $111.05, for a total transaction of $403,111.50. Following the completion of the transaction, the chief financial officer directly owned 38,699 shares in the company, valued at $4,297,523.95. This represents a 8.58% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Jill R. Penrose sold 5,000 shares of the firm's stock in a transaction on Monday, June 29th. The stock was sold at an average price of $116.69, for a total transaction of $583,450.00. Following the completion of the sale, the insider owned 15,795 shares in the company, valued at $1,843,118.55. This represents a 24.04% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 18,533 shares of company stock valued at $2,132,914 in the last three months. Company insiders own 2.80% of the company's stock.

Institutional Investors Weigh In On J. M. Smucker

A number of institutional investors have recently added to or reduced their stakes in SJM. Archer Investment Corp bought a new stake in shares of J. M. Smucker in the 2nd quarter worth approximately $25,000. Garton & Associates Financial Advisors LLC bought a new position in J. M. Smucker in the fourth quarter worth $25,000. CYBER HORNET ETFs LLC acquired a new stake in J. M. Smucker during the second quarter worth $27,000. MCF Advisors LLC increased its holdings in J. M. Smucker by 68.1% in the 4th quarter. MCF Advisors LLC now owns 311 shares of the company's stock valued at $30,000 after buying an additional 126 shares during the period. Finally, MUFG Securities EMEA plc acquired a new position in shares of J. M. Smucker in the 2nd quarter valued at $31,000. 81.66% of the stock is owned by institutional investors and hedge funds.

More J. M. Smucker News

Here are the key news stories impacting J. M. Smucker this week:

• Positive Sentiment: Quarterly earnings significantly exceeded expectations. Adjusted EPS was $3.24 versus the approximately $2.22 analyst consensus, while sales rose 5% year over year to about $2.22 billion, ahead of estimates. J.M. Smucker’s Rally Nears a Key Test: Is a Full Recovery Ahead?
• Positive Sentiment: Coffee and branded foods drove growth. U.S. Retail Coffee sales increased 13%, supported by higher pricing and steady demand, while Frozen Handheld and Spreads sales grew 3%. Uncrustables and brand investments also contributed to momentum. SJM Q1 Earnings Beat Estimates on Strong Coffee Sales and Pricing
• Positive Sentiment: Management raised its fiscal 2027 outlook. The company now expects sales to decline only 1% to 2%, compared with its previous 3% to 4% forecast, and projects adjusted EPS of $10.50 to $11.00 and approximately $1.1 billion in free cash flow. J.M. Smucker forecasts smaller-than-expected annual sales decline
• Positive Sentiment: Improved profitability, stronger cash generation, dividend appeal and reported institutional buying have supported the turnaround narrative, while some analysts lifted price targets. Why J.M. Smucker Stock Is Up Today
• Neutral Sentiment: The quarter included roughly $115 million in tariff refunds, which boosted reported adjusted EPS. Excluding that benefit, underlying growth was still improved but less dramatic, so investors will watch whether gains persist without one-time assistance. J.M. Smucker’s Adjusted EPS Jumped 71%
• Negative Sentiment: Smucker has not yet reduced coffee prices and is relying on promotions instead, which could pressure consumer demand or margins if elevated coffee costs persist. Insider activity has also been weighted toward selling, and several large institutions reduced holdings. No Coffee Price Cut Yet: J.M. Smucker Turns to Promotions Instead

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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