J. M. Smucker (NYSE:SJM) Stock Rating Upgraded by Cfra Research

Key Points

• J. M. Smucker's stock has been upgraded to a “Moderate Buy” rating by Cfra Research, indicating increased analyst confidence in the company's prospects.
• Multiple analysts have revised their ratings for J. M. Smucker, with a consensus price target set at $118.00.
• Insider purchasing activity includes Director Tarang Amin acquiring 1,050 shares at an average price of $96.09, reflecting positive sentiment about the stock's future.

Cfra Research upgraded shares of J. M. Smucker (NYSE:SJM - Free Report) from a hold rating to a moderate buy rating in a research report sent to investors on Wednesday,Zacks.com reports.

Several other analysts have also commented on the stock. BNP Paribas upgraded shares of J. M. Smucker from a "strong sell" rating to a "strong-buy" rating in a report on Wednesday, July 9th. Barclays reissued an "equal weight" rating and set a $105.00 price target on shares of J. M. Smucker in a research report on Friday. JPMorgan Chase & Co. dropped their price target on shares of 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. BNP Paribas Exane upgraded shares of J. M. Smucker from an "underperform" rating to an "outperform" rating and set a $120.00 target price on the stock in a research note on Wednesday, July 9th. Finally, DA Davidson lifted their price target 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. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, J. M. Smucker has a consensus rating of "Moderate Buy" and a consensus target price of $118.00.

J. M. Smucker Trading Down 1.0%

NYSE SJM traded down $1.11 during trading on Wednesday, hitting $109.40. 1,966,473 shares of the company's stock traded hands, compared to its average volume of 2,074,103. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.81 and a quick ratio of 0.35. The stock has a fifty day moving average of $107.26 and a two-hundred day moving average of $109.71. The firm has a market cap of $11.67 billion, a P/E ratio of 11.53, a PEG ratio of 7.65 and a beta of 0.27. 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 posted its earnings results on Wednesday, August 27th. The company reported $1.90 earnings per share for the quarter, missing analysts' consensus estimates of $1.95 by ($0.05). The firm had revenue of $2.11 billion for the quarter, compared to analysts' expectations of $2.09 billion. J. M. Smucker had a positive return on equity of 15.41% and a negative net margin of 16.75%.The business's revenue for the quarter was down .6% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.44 earnings per share. J. M. Smucker has set its FY 2026 guidance at 8.500-9.500 EPS. As a group, sell-side analysts expect that J. M. Smucker will post 9.88 EPS for the current year.

J. M. Smucker Increases Dividend

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

Insider Buying and Selling

In related news, Director Tarang Amin bought 1,050 shares of the company's stock in a transaction on Thursday, June 12th. The shares were acquired at an average cost of $96.09 per share, for a total transaction of $100,894.50. Following the purchase, the director directly owned 3,825 shares of the company's stock, valued at approximately $367,544.25. The trade was a 37.84% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 2.24% of the company's stock.

Institutional Trading of J. M. Smucker

Hedge funds have recently bought and sold shares of the stock. Tortoise Investment Management LLC lifted 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 valued at $25,000 after acquiring an additional 100 shares during the last quarter. Minot DeBlois Advisors LLC purchased a new stake in J. M. Smucker during the fourth quarter valued at approximately $28,000. N.E.W. Advisory Services LLC purchased a new stake in J. M. Smucker during the first quarter valued at approximately $30,000. Nova Wealth Management Inc. purchased a new stake in J. M. Smucker during the second quarter valued at approximately $25,000. Finally, Cooksen Wealth LLC purchased a new position in shares of J. M. Smucker in the first quarter worth $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.