J. M. Smucker (NYSE:SJM) Sets New 52-Week High - Here's Why

Key Points

• J. M. Smucker hit a new 52-week high of $136.22, with shares last trading at $133.39.
• The company reported quarterly EPS of $3.24, beating the $2.22 consensus estimate, while revenue of $2.22 billion rose 5% year over year.
• Analysts have a consensus “Moderate Buy” rating and an average price target of $136.00; the company also declared a quarterly dividend of $1.12 per share, equivalent to a 3.4% yield.

The J. M. Smucker Company (NYSE:SJM - Get Free Report) reached a new 52-week high on Thursday. The company traded as high as $136.22 and last traded at $133.3910, with a volume of 486,029 shares changing hands. The stock had previously closed at $132.43.

Analyst Ratings Changes

Several brokerages recently issued reports on SJM. Weiss Ratings raised J. M. Smucker from a "hold (c-)" rating to a "hold (c)" rating in a research report on Wednesday, August 26th. BNP Paribas Exane upped their price target on J. M. Smucker from $130.00 to $145.00 and gave the company an "outperform" rating in a research report on Thursday, August 27th. JPMorgan Chase & Co. increased their price target on J. M. Smucker from $125.00 to $139.00 and gave the company an "overweight" rating in a research note on Friday, August 14th. Evercore raised their price objective on J. M. Smucker from $120.00 to $150.00 in a research report on Thursday, October 8th. Finally, Deutsche Bank Aktiengesellschaft set a $125.00 price objective on J. M. Smucker in a research note on Thursday, August 27th. Eleven investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. According to MarketBeat, J. M. Smucker currently has a consensus rating of "Moderate Buy" and a consensus price target of $136.00.

J. M. Smucker Price Performance

The business's 50 day moving average is $124.54 and its two-hundred day moving average is $111.65. The firm has a market cap of $14.26 billion, a P/E ratio of 62.16, a P/E/G ratio of 1.72 and a beta of 0.26. 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 released its earnings results on Wednesday, August 26th. The company reported $3.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.22 by $1.02. J. M. Smucker had a net margin of 2.51% and a return on equity of 19.85%. The business had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.13 billion. During the same quarter in the previous year, the business earned $1.90 earnings per share. J. M. Smucker's revenue for the quarter was up 5.0% on a year-over-year basis. J. M. Smucker has set its FY 2027 guidance at 10.500-11.000 EPS. As a group, analysts anticipate that The J. M. Smucker Company will post 10.71 earnings per share for the current year.

J. M. Smucker Announces Dividend

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 given a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Friday, November 13th. J. M. Smucker's dividend payout ratio is 209.35%.

Insider Activity

In other news, insider Robert D. Ferguson sold 2,522 shares of the business's stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $132.41, for a total transaction of $333,938.02. Following the completion of the sale, the insider owned 36,295 shares in the company, 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 SEC, which is available through this hyperlink. Also, CFO Tucker H. Marshall sold 18,482 shares of the company's stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $132.05, for a total value of $2,440,548.10. Following the transaction, the chief financial officer directly owned 38,699 shares in the company, valued at $5,110,202.95. The trade was a 32.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 2.80% of the company's stock.

Institutional Trading of J. M. Smucker

Hedge funds have recently bought and sold shares of the business. Archer Investment Corp purchased a new stake in shares of J. M. Smucker during the 2nd quarter worth approximately $25,000. Farmers & Merchants Investments Inc. raised its holdings in shares of J. M. Smucker by 246.6% in the 3rd quarter. Farmers & Merchants Investments Inc. now owns 253 shares of the company's stock worth $30,000 after purchasing an additional 180 shares during the period. Richardson Financial Services Inc. lifted its stake in J. M. Smucker by 206.7% in the third quarter. Richardson Financial Services Inc. now owns 276 shares of the company's stock valued at $33,000 after purchasing an additional 186 shares during the last quarter. USA Financial Formulas purchased a new position in J. M. Smucker in the third quarter valued at approximately $37,000. Finally, EverSource Wealth Advisors LLC grew its holdings in J. M. Smucker by 89.5% during the first quarter. EverSource Wealth Advisors LLC now owns 523 shares of the company's stock valued at $50,000 after purchasing an additional 247 shares during the period. Institutional investors and hedge funds own 81.66% of the company's stock.

J. M. Smucker Company Profile

The J. M. Smucker Company, founded in 1897 by Jerome Monroe Smucker in Orrville, Ohio, is a food and beverage company serving consumers primarily in the United States and Canada. The company sells branded products through grocery retailers, club stores, e-commerce channels, foodservice distributors and other outlets.

Its portfolio includes coffee brands such as Folgers, Dunkin' and Café Bustelo; fruit spreads and toppings sold under the Smucker's name; and peanut butter and related products under the Jif brand.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.