J. M. Smucker (NYSE:SJM) Stock Rating Lowered by Argus

Key Points

• J. M. Smucker has been downgraded by Argus from a "buy" rating to a "hold" rating, indicating a shift in investor sentiment regarding the stock's performance.
• Despite the downgrade, several other analysts have increased their target price for the stock, with a consensus price target of $118.00 and ratings ranging from "Strong Buy" to "Hold."
• The company reported $1.90 EPS for the last quarter, missing analyst estimates, while its revenue declined slightly by 0.6% year-over-year.

Argus lowered shares of J. M. Smucker (NYSE:SJM - Free Report) from a buy rating to a hold rating in a research report report published on Friday, Marketbeat Ratings reports.

SJM has been the subject of several other reports. Citigroup decreased their price objective on shares of J. M. Smucker from $128.00 to $118.00 and set a "buy" rating for the company in a research report on Wednesday, June 11th. DA Davidson upped their price objective on shares of J. M. Smucker from $104.00 to $112.00 and gave the company a "neutral" rating in a report on Thursday, August 28th. Morgan Stanley raised their target price on J. M. Smucker from $115.00 to $118.00 and gave the company an "overweight" rating in a research note on Monday, August 18th. JPMorgan Chase & Co. dropped their price target on J. M. Smucker from $129.00 to $126.00 and set an "overweight" rating on the stock in a research note on Thursday, August 28th. Finally, Zacks Research raised J. M. Smucker to a "hold" rating in a research note on Monday, August 11th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and seven have given a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $118.00.

J. M. Smucker Trading Down 5.0%

Shares of SJM stock traded down $5.43 on Friday, hitting $102.38. The company had a trading volume of 2,718,225 shares, compared to its average volume of 2,245,536. J. M. Smucker has a twelve month low of $93.30 and a twelve month high of $125.42. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.34 and a current ratio of 0.81. The firm has a market cap of $10.92 billion, a P/E ratio of -7.47, a P/E/G ratio of 7.44 and a beta of 0.27. The stock's 50-day moving average is $109.22 and its two-hundred day moving average is $109.88.

J. M. Smucker (NYSE:SJM - Get Free Report) last announced its earnings results on Wednesday, August 27th. The company reported $1.90 EPS for the quarter, missing the consensus estimate of $1.95 by ($0.05). The company had revenue of $2.11 billion during the quarter, compared to the consensus estimate of $2.09 billion. J. M. Smucker had a negative net margin of 16.75% and a positive return on equity of 15.41%. The business's revenue was down .6% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.44 earnings per share. J. M. Smucker has set its FY 2026 guidance at 8.500-9.500 EPS. On average, equities research analysts anticipate that J. M. Smucker will post 9.88 earnings per share for the current fiscal year.

J. M. Smucker Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Friday, August 15th were given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend was Friday, August 15th. This is an increase from J. M. Smucker's previous quarterly dividend of $1.08. J. M. Smucker's payout ratio is currently -32.09%.

Institutional Trading of J. M. Smucker

Institutional investors have recently made changes to their positions in the company. Norges Bank bought a new position in shares of J. M. Smucker during the second quarter valued at about $112,829,000. Engineers Gate Manager LP purchased a new position in shares of J. M. Smucker in the 2nd quarter worth approximately $109,896,000. Balyasny Asset Management L.P. grew its holdings in shares of J. M. Smucker by 45.4% in the second quarter. Balyasny Asset Management L.P. now owns 2,251,934 shares of the company's stock valued at $221,140,000 after acquiring an additional 703,382 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its position in shares of J. M. Smucker by 4,906.2% during the second quarter. Robeco Institutional Asset Management B.V. now owns 613,910 shares of the company's stock valued at $60,286,000 after acquiring an additional 601,647 shares during the last quarter. Finally, Maverick Capital Ltd. purchased a new position in J. M. Smucker in the first quarter worth $64,125,000. Institutional investors own 81.66% of the company's stock.

About J. M. Smucker

The J. M. Smucker Company manufactures and markets branded food and beverage products worldwide. It operates in three segments: U.S. Retail Pet Foods, U.S. Retail Coffee, and U.S. Retail Consumer Foods. The company offers mainstream roast, ground, single serve, and premium coffee; peanut butter and specialty spreads; fruit spreads, toppings, and syrups; jelly products; nut mix products; shortening and oils; frozen sandwiches and snacks; pet food and pet snacks; and foodservice hot beverage, foodservice portion control, and flour products, as well as dog and cat food, frozen handheld products, juices and beverages, and baking mixes and ingredients.