J. M. Smucker (SJM) Stock Forecast, Price & News

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for J. M. Smucker in the last twelve months. There are currently 4 sell ratings, 7 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" SJM shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SJM, but not buy additional shares or sell existing shares.
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13 Wall Street analysts have issued 12-month price objectives for J. M. Smucker's shares. Their SJM share price forecasts range from $123.00 to $170.00. On average, they predict the company's stock price to reach $154.92 in the next year. This suggests a possible upside of 0.9% from the stock's current price.
View analysts price targets for SJM or view top-rated stocks among Wall Street analysts.

J. M. Smucker's stock was trading at $158.46 on January 1st, 2023. Since then, SJM shares have decreased by 3.1% and is now trading at $153.57.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 22nd 2023.
View our SJM earnings forecast.

The J. M. Smucker Company (NYSE:SJM) released its quarterly earnings data on Tuesday, June, 6th. The company reported $2.64 earnings per share for the quarter, beating the consensus estimate of $2.41 by $0.23. The company earned $2.23 billion during the quarter, compared to the consensus estimate of $2.17 billion. J. M. Smucker had a negative net margin of 1.07% and a positive trailing twelve-month return on equity of 11.89%. The company's quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.23 earnings per share.
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J. M. Smucker announced a quarterly dividend on Tuesday, April 18th. Investors of record on Friday, May 12th will be given a dividend of $1.02 per share on Thursday, June 1st. This represents a $4.08 annualized dividend and a yield of 2.66%. The ex-dividend date is Thursday, May 11th.
Read our dividend analysis for SJM.

ETFs with the largest weight of J. M. Smucker (NYSE:SJM) stock in their portfolio include First Trust Nasdaq Food & Beverage ETF (FTXG), Invesco DWA Consumer Staples Momentum ETF (PSL), Invesco Dynamic Food & Beverage ETF (PBJ), Invesco S&P 500 Equal Weight Consumer Staples ETF (RHS), SEI Enhanced Low Volatility U.S. Large Cap ETF (SELV), ASYMmetric Smart S&P 500 ETF (ASPY), First Trust Consumer Staples AlphaDEX Fund (FXG) and Strategas Macro Thematic Opportunities ETF (SAMT).

J. M. Smucker (NYSE:SJM) pays an annual dividend of $4.08 per share and currently has a dividend yield of 2.75%.
Read our dividend analysis for SJM.

J. M. Smucker announced that its Board of Directors has authorized a stock buyback program on Friday, October 22nd 2021, which allows the company to repurchase 5,000,000 outstanding shares, according to EventVestor. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company's board believes its shares are undervalued.

J. M. Smucker issued an update on its FY 2024 earnings guidance on Wednesday, June, 7th. The company provided earnings per share guidance of $9.20-$9.60 for the period, compared to the consensus EPS estimate of $9.46. The company issued revenue guidance of $7.59 billion-$7.68 billion, compared to the consensus revenue estimate of $7.29 billion.

161 employees have rated J. M. Smucker Chief Executive Officer Mark T. Smucker on Glassdoor.com. Mark T. Smucker has an approval rating of 79% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other J. M. Smucker investors own include Johnson & Johnson (JNJ), Verizon Communications (VZ), AT&T (T), Procter & Gamble (PG), Cisco Systems (CSCO), NVIDIA (NVDA), Home Depot (HD), PepsiCo (PEP), Pfizer (PFE) and Target (TGT).

J. M. Smucker trades on the New York Stock Exchange (NYSE) under the ticker symbol "SJM."

J. M. Smucker's stock is owned by a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (8.82%), State Street Corp (6.51%), Geode Capital Management LLC (2.14%), Dimensional Fund Advisors LP (1.46%), ProShare Advisors LLC (1.09%) and ProShare Advisors LLC (1.09%). Insiders that own company stock include Amy C Held, Geoff E Tanner, Jeannette L Knudsen, Jill R Penrose, Mark R Belgya, Mark T Smucker, Nancy Lopez Knight, Richard K Smucker and Tucker H Marshall.
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Shares of SJM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of SJM stock can currently be purchased for approximately $153.57.

J. M. Smucker (NYSE:SJM) has a market capitalization of $16.38 billion and generates $8.53 billion in revenue each year. The company earns $631.70 million in net income (profit) each year or ($0.93) on an earnings per share basis.

The company employs 6,700 workers across the globe.

J. M. Smucker's mailing address is ONE STRAWBERRY LANE, ORRVILLE OH, 44667. The official website for the company is www.jmsmucker.com. The company can be reached via phone at (330) 682-3000, via email at aaron.broholm@jmsmucker.com, or via fax at 330-684-6410.