Barclays Reiterates "Equal Weight" Rating for J. M. Smucker (NYSE:SJM)

Key Points

• J. M. Smucker has received an "equal weight" rating from Barclays, with a price target of $105, suggesting a potential downside of 4.38% from the stock's previous close.
• Wells Fargo recently increased its price target for J. M. Smucker from $115 to $120 and assigned an "overweight" rating, reflecting varying analyst opinions on the stock's potential.
• Despite a slight decline in quarterly earnings, J. M. Smucker has set an FY 2026 earnings guidance of $8.500-9.500 EPS, with analysts predicting an average of $9.88 EPS for the current year.

Barclays reiterated their equal weight rating on shares of J. M. Smucker (NYSE:SJM - Free Report) in a report published on Friday morning,Benzinga reports. Barclays currently has a $105.00 target price on the stock.

A number of other research analysts also recently issued reports on SJM. Zacks Research raised J. M. Smucker to a "hold" rating in a report on Monday, August 11th. Bank of America cut their price objective on shares of J. M. Smucker from $120.00 to $118.00 and set a "neutral" rating for the company in a research report on Thursday. Stifel Nicolaus upped their price target on J. M. Smucker from $106.00 to $110.00 and gave the company a "hold" rating in a research note on Tuesday, July 29th. Wells Fargo & Company increased their target price on J. M. Smucker from $115.00 to $120.00 and gave the stock an "overweight" rating in a research note on Monday, August 18th. Finally, BNP Paribas raised J. M. Smucker from a "strong sell" rating to a "strong-buy" rating in a research note on Wednesday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have given a Hold rating to the company's stock. According to MarketBeat.com, J. M. Smucker presently has a consensus rating of "Moderate Buy" and a consensus price target of $118.00.

J. M. Smucker Stock Up 3.6%

SJM traded up $3.83 on Friday, hitting $110.55. The company had a trading volume of 2,887,794 shares, compared to its average volume of 2,156,120. 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 stock has a market capitalization of $11.79 billion, a price-to-earnings ratio of 11.53, a P/E/G ratio of 7.65 and a beta of 0.27. The stock has a fifty day moving average price of $107.00 and a 200-day moving average price of $109.65. J. M. Smucker has a 12-month low of $93.30 and a 12-month high of $125.42.

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

J. M. Smucker Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th will be given a dividend of $1.10 per share. The ex-dividend date of this dividend is Friday, August 15th. This is a positive change from J. M. Smucker's previous quarterly dividend of $1.08. This represents a $4.40 annualized dividend and a yield of 4.0%. J. M. Smucker's dividend payout ratio (DPR) is -32.09%.

Insiders Place Their Bets

In related news, Director Tarang Amin purchased 1,050 shares of the company's stock in a transaction on Thursday, June 12th. The stock was bought at an average price of $96.09 per share, with a total value of $100,894.50. Following the completion of the transaction, the director owned 3,825 shares of the company's stock, valued at approximately $367,544.25. This represents a 37.84% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.24% of the company's stock.

Hedge Funds Weigh In On J. M. Smucker

Hedge funds have recently bought and sold shares of the stock. Tortoise Investment Management LLC increased its position in J. M. Smucker by 87.0% during the first quarter. Tortoise Investment Management LLC now owns 215 shares of the company's stock worth $25,000 after buying an additional 100 shares in the last quarter. Minot DeBlois Advisors LLC purchased a new stake in shares of J. M. Smucker in the fourth quarter valued at $28,000. N.E.W. Advisory Services LLC purchased a new stake in shares of J. M. Smucker in the first quarter valued at $30,000. Nova Wealth Management Inc. purchased a new stake in shares of J. M. Smucker in the second quarter valued at $25,000. Finally, Cooksen Wealth LLC purchased a new stake in shares of J. M. Smucker in the first quarter valued at $33,000. Hedge funds and other institutional investors own 81.66% of the company's stock.

J. M. Smucker Company Profile

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.