The J. M. Smucker Company (NYSE:SJM) Given Consensus Recommendation of "Moderate Buy" by Analysts

Key Points

• Analysts have assigned The J. M. Smucker Company a consensus recommendation of "Moderate Buy", with a twelve-month price target average of $118.00.
• The CFO recently sold 11,139 shares at an average price of $108.11, which represents a 24.75% decrease in his position.
• J. M. Smucker recently increased its quarterly dividend to $1.10 per share, resulting in an annualized yield of 4.1%.

Shares of The J. M. Smucker Company (NYSE:SJM - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the seventeen research firms that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation, eight have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $118.00.

Several brokerages recently commented on SJM. Jefferies Financial Group raised shares of J. M. Smucker from a "hold" rating to a "buy" rating and reduced their price objective for the company from $118.00 to $115.00 in a research note on Wednesday, June 11th. JPMorgan Chase & Co. cut their price target on shares of J. M. Smucker from $129.00 to $126.00 and set an "overweight" rating for the company in a research note on Thursday, August 28th. Argus cut shares of J. M. Smucker from a "buy" rating to a "hold" rating in a research note on Friday, September 12th. Weiss Ratings reissued a "sell (d)" rating on shares of J. M. Smucker in a research note on Saturday, September 27th. Finally, Wells Fargo & Company boosted their price target 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, August 18th.

Insider Buying and Selling

In other news, CFO Tucker H. Marshall sold 11,139 shares of the company's stock in a transaction on Tuesday, September 30th. The shares were sold at an average price of $108.11, for a total value of $1,204,237.29. Following the completion of the sale, the chief financial officer owned 33,864 shares of the company's stock, valued at approximately $3,661,037.04. This represents a 24.75% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.24% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On J. M. Smucker

A number of institutional investors have recently made changes to their positions in the business. Invesco Ltd. boosted its stake in shares of J. M. Smucker by 7.5% in the 2nd quarter. Invesco Ltd. now owns 2,819,028 shares of the company's stock valued at $276,829,000 after purchasing an additional 195,774 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of J. M. Smucker by 1.8% in the 2nd quarter. Geode Capital Management LLC now owns 2,776,561 shares of the company's stock valued at $271,539,000 after purchasing an additional 49,017 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of J. M. Smucker by 12.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,257,127 shares of the company's stock valued at $267,252,000 after purchasing an additional 248,110 shares in the last quarter. Balyasny Asset Management L.P. boosted its stake in shares of J. M. Smucker by 45.4% in the 2nd quarter. Balyasny Asset Management L.P. now owns 2,251,934 shares of the company's stock valued at $221,140,000 after purchasing an additional 703,382 shares in the last quarter. Finally, Ilex Capital Partners UK LLP boosted its stake in shares of J. M. Smucker by 31.0% in the 2nd quarter. Ilex Capital Partners UK LLP now owns 2,033,615 shares of the company's stock valued at $199,701,000 after purchasing an additional 481,660 shares in the last quarter. Hedge funds and other institutional investors own 81.66% of the company's stock.

J. M. Smucker Price Performance

Shares of NYSE:SJM opened at $108.19 on Friday. The company has a 50 day moving average of $109.61 and a 200 day moving average of $109.48. The stock has a market cap of $11.54 billion, a P/E ratio of -7.89, a P/E/G ratio of 7.44 and a beta of 0.25. J. M. Smucker has a 12 month low of $93.30 and a 12 month high of $125.42. The company has a current ratio of 0.81, a quick ratio of 0.34 and a debt-to-equity ratio of 1.19.

J. M. Smucker (NYSE:SJM - Get Free Report) last issued its quarterly earnings data on Wednesday, August 27th. The company reported $1.90 EPS for the quarter, missing the consensus estimate 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 negative net margin of 16.75% and a positive return on equity of 15.41%. J. M. Smucker's revenue was down .6% on a year-over-year basis. During the same period in the prior year, the firm posted $2.44 EPS. J. M. Smucker has set its FY 2026 guidance at 8.500-9.500 EPS. As a group, sell-side analysts forecast 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 was paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th were paid a $1.10 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $4.40 dividend on an annualized basis and a yield of 4.1%. This is a boost from J. M. Smucker's previous quarterly dividend of $1.08. J. M. Smucker's dividend payout ratio is presently -32.09%.

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.

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