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

Key Points

• Analyst sentiment is moderately positive: 18 firms rate J. M. Smucker a “Moderate Buy” (11 buy, 7 hold), with an average one-year price target of $136.
• Quarterly results beat expectations: The company reported EPS of $3.24 versus the $2.22 consensus and revenue of $2.22 billion versus $2.13 billion expected; revenue rose 5% year over year.
• Smucker announced a quarterly dividend of $1.12 per share, equivalent to $4.48 annually and a 3.4% yield at the article’s cited share price.

The J. M. Smucker Company (NYSE:SJM - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the eighteen research firms that are presently covering the company, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $136.00.

A number of research analysts recently commented on the company. BNP Paribas Exane upped their price objective on J. M. Smucker from $130.00 to $145.00 and gave the stock an "outperform" rating in a research note on Thursday, August 27th. Wells Fargo & Company increased their target price on J. M. Smucker from $129.00 to $144.00 and gave the stock an "overweight" rating in a research report on Thursday, August 27th. Weiss Ratings upgraded J. M. Smucker from a "hold (c-)" rating to a "hold (c)" rating in a research note on Wednesday, August 26th. Barclays reduced their price target on shares of J. M. Smucker from $145.00 to $137.00 and set an "equal weight" rating for the company in a report on Friday, October 16th. Finally, UBS Group increased their price target on J. M. Smucker from $130.00 to $142.00 and gave the stock a "buy" rating in a research note on Thursday, August 20th.

J. M. Smucker Stock Performance

Shares of SJM stock opened at $130.51 on Friday. The company has a market cap of $13.94 billion, a P/E ratio of 60.99, a PEG ratio of 1.76 and a beta of 0.26. The business has a 50 day moving average of $124.56 and a two-hundred day moving average of $111.94. J. M. Smucker has a 52 week low of $88.25 and a 52 week high of $136.22. The company has a quick ratio of 0.35, a current ratio of 0.87 and a debt-to-equity ratio of 1.11.

J. M. Smucker (NYSE:SJM - Get Free Report) last announced its quarterly earnings results on Wednesday, August 26th. The company reported $3.24 earnings per share for the quarter, topping analysts' consensus estimates of $2.22 by $1.02. The business had revenue of $2.22 billion for the quarter, compared to analysts' expectations of $2.13 billion. J. M. Smucker had a return on equity of 19.85% and a net margin of 2.51%. The business's quarterly revenue was up 5.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.90 EPS. J. M. Smucker has set its FY 2027 guidance at 10.500-11.000 EPS. As a group, analysts anticipate that J. M. Smucker will post 10.71 EPS for the current year.

J. M. Smucker Dividend Announcement

The business also recently disclosed 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. The ex-dividend date is Friday, November 13th. This represents a $4.48 annualized dividend and a dividend yield of 3.4%. J. M. Smucker's dividend payout ratio (DPR) is 209.35%.

Insider Buying and Selling

In related news, insider Robert D. Ferguson sold 2,522 shares of J. M. Smucker stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $132.41, for a total transaction of $333,938.02. Following the transaction, the insider directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Tucker H. Marshall sold 18,482 shares of the business's 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 completion of the sale, the chief financial officer owned 38,699 shares in the company, valued at approximately $5,110,202.95. This trade represents a 32.32% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 2.80% of the company's stock.

Institutional Trading of J. M. Smucker

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Archer Investment Corp acquired a new position in J. M. Smucker in the second quarter worth approximately $25,000. Farmers & Merchants Investments Inc. lifted its position in shares of J. M. Smucker by 246.6% during the 3rd quarter. Farmers & Merchants Investments Inc. now owns 253 shares of the company's stock valued at $30,000 after acquiring an additional 180 shares during the last quarter. Richardson Financial Services Inc. lifted its position in shares of J. M. Smucker by 206.7% during the 3rd quarter. Richardson Financial Services Inc. now owns 276 shares of the company's stock valued at $33,000 after acquiring an additional 186 shares during the last quarter. USA Financial Formulas bought a new stake in shares of J. M. Smucker during the 3rd quarter worth $37,000. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of J. M. Smucker by 89.5% during the 1st quarter. EverSource Wealth Advisors LLC now owns 523 shares of the company's stock worth $50,000 after acquiring an additional 247 shares in the last quarter. 81.66% of the stock is currently owned by institutional investors.

About J. M. Smucker

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.

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