J. M. Smucker (NYSE:SJM) Rating Increased to Overweight at JPMorgan Chase & Co.

Key Points

• J. M. Smucker has been upgraded by JPMorgan Chase & Co. from a "neutral" to an "overweight" rating, with a new price target of $129.00, indicating a potential upside of 15.04% from its current price.
• A number of other analysts have also adjusted their ratings, with Bank of America raising its target price to $120.00 and Citigroup lowering it to $118.00, among others.
• J. M. Smucker reported $2.31 earnings per share, exceeding analysts' expectations, but experienced a 2.8% decline in revenue year-over-year during the last quarter.

JPMorgan Chase & Co. upgraded shares of J. M. Smucker (NYSE:SJM - Free Report) from a neutral rating to an overweight rating in a research note released on Wednesday morning, Marketbeat Ratings reports. JPMorgan Chase & Co. currently has $129.00 price objective on the stock, up from their prior price objective of $102.00.

A number of other brokerages have also recently issued reports on SJM. Wells Fargo & Company increased their price objective on shares of J. M. Smucker from $115.00 to $120.00 and gave the stock an "overweight" rating in a research note on Monday. Bank of America increased their price objective on shares of J. M. Smucker from $105.00 to $120.00 and gave the stock a "neutral" rating in a research note on Tuesday. BNP Paribas Exane raised shares of J. M. Smucker from an "underperform" rating to an "outperform" rating and set a $120.00 price objective for the company in a research note on Wednesday, July 9th. Royal Bank Of Canada assumed coverage on shares of J. M. Smucker in a research note on Monday, July 7th. They issued an "outperform" rating and a $130.00 price objective for the company. Finally, Jefferies Financial Group raised shares of J. M. Smucker from a "hold" rating to a "buy" rating and cut their target price for the company from $118.00 to $115.00 in a research note on Wednesday, June 11th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $119.69.

J. M. Smucker Price Performance

Shares of NYSE SJM traded up $0.2220 during midday trading on Wednesday, reaching $113.1820. The stock had a trading volume of 2,387,249 shares, compared to its average volume of 1,591,152. The stock has a 50-day moving average of $105.67 and a 200-day moving average of $109.39. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.35 and a current ratio of 0.81. The company has a market capitalization of $12.05 billion, a price-to-earnings ratio of -9.79, a price-to-earnings-growth ratio of 8.40 and a beta of 0.31. 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 announced its quarterly earnings data on Tuesday, June 10th. The company reported $2.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.25 by $0.06. The firm had revenue of $2.14 billion during the quarter, compared to analysts' expectations of $2.18 billion. J. M. Smucker had a negative net margin of 14.10% and a positive return on equity of 15.20%. The company's revenue for the quarter was down 2.8% compared to the same quarter last year. During the same period in the prior year, the company posted $2.66 earnings per share. J. M. Smucker has set its FY 2026 guidance at 8.500-9.500 EPS. As a group, research analysts anticipate that J. M. Smucker will post 9.88 EPS for the current fiscal year.

J. M. Smucker Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th will be paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend is Friday, August 15th. This is an increase from J. M. Smucker's previous quarterly dividend of $1.08. J. M. Smucker's dividend payout ratio is -38.06%.

Insider Activity

In other news, Director Tarang Amin bought 1,050 shares of the stock in a transaction dated Thursday, June 12th. The stock was purchased at an average price of $96.09 per share, for a total transaction of $100,894.50. Following the acquisition, the director owned 3,825 shares of the company's stock, valued at $367,544.25. The trade was a 37.84% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 2.24% of the company's stock.

Institutional Investors Weigh In On J. M. Smucker

Several institutional investors have recently made changes to their positions in SJM. XTX Topco Ltd bought a new stake in shares of J. M. Smucker in the 4th quarter worth about $306,000. GeoWealth Management LLC lifted its holdings in J. M. Smucker by 15.0% during the 4th quarter. GeoWealth Management LLC now owns 967 shares of the company's stock valued at $106,000 after buying an additional 126 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in J. M. Smucker by 1.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,009,017 shares of the company's stock valued at $221,232,000 after buying an additional 33,758 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S lifted its holdings in J. M. Smucker by 1,145.3% during the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 13,761 shares of the company's stock valued at $1,515,000 after buying an additional 12,656 shares in the last quarter. Finally, Ossiam lifted its holdings in J. M. Smucker by 18.6% during the 4th quarter. Ossiam now owns 2,139 shares of the company's stock valued at $236,000 after buying an additional 336 shares in the last quarter. 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.