J. M. Smucker (NYSE:SJM) Price Target Cut to $121.00 by Analysts at UBS Group

Key Points

• UBS Group has lowered the price target for J. M. Smucker (NYSE:SJM) from $130.00 to $121.00, while maintaining a "buy" rating on the stock.
• Despite the price cut, UBS's target suggests a potential upside of 15.23% from the current stock price.
• J. M. Smucker has a consensus rating of "Moderate Buy" and an average price target of $119.00 from various analysts.

J. M. Smucker (NYSE:SJM - Free Report) had its price objective decreased by UBS Group from $130.00 to $121.00 in a report published on Thursday morning, Marketbeat Ratings reports. UBS Group currently has a buy rating on the stock.

A number of other research analysts have also commented on SJM. BNP Paribas Exane upgraded shares of J. M. Smucker from an "underperform" rating to an "outperform" rating and set a $120.00 price objective on the stock in a research note on Wednesday, July 9th. Barclays reduced their price target on shares of J. M. Smucker from $119.00 to $105.00 and set an "equal weight" rating on the stock in a report on Wednesday, June 11th. Morgan Stanley upped their price objective on shares of J. M. Smucker from $115.00 to $118.00 and gave the company an "overweight" rating in a research note on Monday, August 18th. Royal Bank Of Canada assumed coverage on shares of J. M. Smucker in a research report on Monday, July 7th. They set an "outperform" rating and a $130.00 price target for the company. Finally, Bank of America upped their target price on shares of J. M. Smucker from $105.00 to $120.00 and gave the company a "neutral" rating in a research note on Tuesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, J. M. Smucker currently has an average rating of "Moderate Buy" and an average target price of $118.00.

J. M. Smucker Stock Down 1.1%

SJM stock traded down $1.21 during midday trading on Thursday, hitting $109.30. The company's stock had a trading volume of 742,051 shares, compared to its average volume of 1,646,930. The company has a quick ratio of 0.34, a current ratio of 0.81 and a debt-to-equity ratio of 1.19. J. M. Smucker has a 52-week low of $93.30 and a 52-week high of $125.42. The firm has a market capitalization of $11.66 billion, a P/E ratio of -7.97, a PEG ratio of 7.65 and a beta of 0.27. The firm has a 50-day simple moving average of $107.26 and a 200-day simple moving average of $109.71.

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

J. M. Smucker Increases Dividend

The firm also recently announced 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 yield of 4.0%. This is a boost from J. M. Smucker's previous quarterly dividend of $1.08. The ex-dividend date is Friday, August 15th. J. M. Smucker's dividend payout ratio is presently -32.09%.

Insider Buying and Selling at J. M. Smucker

In other news, Director Tarang Amin acquired 1,050 shares of J. M. Smucker stock in a transaction dated Thursday, June 12th. The stock was acquired at an average cost of $96.09 per share, for a total transaction of $100,894.50. Following the completion of the purchase, the director owned 3,825 shares of the company's stock, valued at $367,544.25. This represents a 37.84% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 2.24% of the company's stock.

Institutional Trading of J. M. Smucker

Institutional investors and hedge funds have recently modified their holdings of the company. Merit Financial Group LLC bought a new position in J. M. Smucker during the first quarter worth $203,000. Farther Finance Advisors LLC grew its holdings in J. M. Smucker by 113.5% during the 1st quarter. Farther Finance Advisors LLC now owns 2,923 shares of the company's stock worth $346,000 after acquiring an additional 1,554 shares during the last quarter. Costello Asset Management INC bought a new stake in J. M. Smucker during the 1st quarter worth about $50,000. Schonfeld Strategic Advisors LLC lifted its position in J. M. Smucker by 124.8% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 13,355 shares of the company's stock valued at $1,471,000 after purchasing an additional 7,414 shares during the period. Finally, State of Alaska Department of Revenue lifted its position in J. M. Smucker by 1.6% during the 1st quarter. State of Alaska Department of Revenue now owns 20,968 shares of the company's stock valued at $2,482,000 after purchasing an additional 335 shares during the period. 81.66% of the stock is currently owned by institutional investors and hedge funds.

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.