The J. M. Smucker Company (NYSE:SJM) Receives Average Rating of "Moderate Buy" from Brokerages

Key Points

• The J. M. Smucker Company (NYSE:SJM) has been rated as a "Moderate Buy" by fifteen brokerages, with an average 12-month price target of $118.00.
• Recent upgrades to the stock's rating include changes from Jefferies Financial Group, Morgan Stanley, and Wells Fargo, with increased target prices ranging up to $120.00.
• J. M. Smucker recently declared a quarterly dividend increase to $1.10, representing a yield of 3.9% and an annualized dividend of $4.40.

The J. M. Smucker Company (NYSE:SJM - Get Free Report) has been given a consensus rating of "Moderate Buy" by the fifteen brokerages that are currently covering the company, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $118.00.

A number of brokerages recently commented on SJM. Jefferies Financial Group raised J. M. Smucker from a "hold" rating to a "buy" rating and decreased their target price for the stock from $118.00 to $115.00 in a report on Wednesday, June 11th. Morgan Stanley raised their target price on J. M. Smucker from $115.00 to $118.00 and gave the stock an "overweight" rating in a report on Monday, August 18th. Wells Fargo & Company increased their price target 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. BNP Paribas Exane upgraded J. M. Smucker from an "underperform" rating to an "outperform" rating and set a $120.00 price target for the company in a research note on Wednesday, July 9th. Finally, Zacks Research upgraded J. M. Smucker to a "hold" rating in a research note on Monday, August 11th.

Insider Transactions at J. M. Smucker

In other J. M. Smucker news, Director Tarang Amin purchased 1,050 shares of the business's stock in a transaction on Thursday, June 12th. The stock was acquired at an average price of $96.09 per share, for a total transaction of $100,894.50. Following the purchase, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 2.24% of the company's stock.

Institutional Investors Weigh In On J. M. Smucker

Several large investors have recently made changes to their positions in the company. Invesco Ltd. increased its holdings in shares of J. M. Smucker by 7.5% in the second quarter. Invesco Ltd. now owns 2,819,028 shares of the company's stock worth $276,829,000 after purchasing an additional 195,774 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of J. M. Smucker by 1.8% in the second quarter. Geode Capital Management LLC now owns 2,776,561 shares of the company's stock worth $271,539,000 after purchasing an additional 49,017 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of J. M. Smucker by 12.3% in the first quarter. Dimensional Fund Advisors LP now owns 2,257,127 shares of the company's stock worth $267,252,000 after purchasing an additional 248,110 shares during the last quarter. Balyasny Asset Management L.P. increased its holdings in shares of J. M. Smucker by 45.4% in the second quarter. Balyasny Asset Management L.P. now owns 2,251,934 shares of the company's stock worth $221,140,000 after purchasing an additional 703,382 shares during the last quarter. Finally, Ilex Capital Partners UK LLP increased its holdings in shares of J. M. Smucker by 31.0% in the second quarter. Ilex Capital Partners UK LLP now owns 2,033,615 shares of the company's stock worth $199,701,000 after purchasing an additional 481,660 shares during the last quarter. 81.66% of the stock is owned by institutional investors.

J. M. Smucker Price Performance

NYSE SJM opened at $111.61 on Tuesday. The business's fifty day moving average price is $108.75 and its 200-day moving average price is $109.96. The stock has a market capitalization of $11.91 billion, a price-to-earnings ratio of -8.14, a PEG ratio of 7.76 and a beta of 0.27. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.81 and a quick ratio of 0.34. J. M. Smucker has a 1-year low of $93.30 and a 1-year high of $125.42.

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

J. M. Smucker Increases Dividend

The firm 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. This represents a $4.40 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date was Friday, August 15th. This is a boost from J. M. Smucker's previous quarterly dividend of $1.08. J. M. Smucker's dividend payout ratio (DPR) is currently -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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