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

13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for J. M. Smucker in the last year. There are currently 3 sell ratings, 8 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "reduce" SJM shares.
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13 equities research analysts have issued 12-month price targets for J. M. Smucker's shares. Their SJM share price forecasts range from $130.00 to $165.00. On average, they anticipate the company's share price to reach $148.50 in the next year. This suggests a possible upside of 17.4% from the stock's current price.
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J. M. Smucker's stock was trading at $158.46 at the beginning of the year. Since then, SJM stock has decreased by 20.2% and is now trading at $126.50.
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The company is scheduled to release its next quarterly earnings announcement on Monday, November 20th 2023.
View our SJM earnings forecast.

The J. M. Smucker Company (NYSE:SJM) released its earnings results on Tuesday, August, 29th. The company reported $2.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.02 by $0.19. The business had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.84 billion. J. M. Smucker had a negative net margin of 0.21% and a positive trailing twelve-month return on equity of 12.96%. The firm's quarterly revenue was down 3.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.67 EPS.
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J. M. Smucker declared a quarterly dividend on Friday, July 14th. Shareholders of record on Friday, August 18th will be given a dividend of $1.06 per share on Friday, September 1st. This represents a $4.24 dividend on an annualized basis and a yield of 3.35%. The ex-dividend date of this dividend is Thursday, August 17th. This is a positive change from the stock's previous quarterly dividend of $1.02.
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 Dorsey Wright Consumer Staples Momentum ETF (PSL), Invesco Food & Beverage ETF (PBJ), Invesco S&P 500 Equal Weight Consumer Staples ETF (RHS), Invesco S&P 500 Equal Weight Consumer Staples ETF (RSPS), ASYMmetric Smart S&P 500ETF (ASPY), SEI Enhanced Low Volatility U.S. Large Cap ETF (SELV) and Strategas Macro Thematic Opportunities ETF (SAMT).

J. M. Smucker (NYSE:SJM) pays an annual dividend of $4.24 per share and currently has a dividend yield of 3.29%.
Read our dividend analysis for SJM.

J. M. Smucker declared that its Board of Directors has approved a share buyback program on Friday, October 22nd 2021, which authorizes the company to buyback 5,000,000 outstanding shares, according to EventVestor. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company's leadership believes its stock is undervalued.

J. M. Smucker updated its FY 2024 earnings guidance on Tuesday, August, 29th. The company provided earnings per share (EPS) guidance of $9.45-$9.85 for the period, compared to the consensus earnings per share estimate of $9.39. The company issued revenue guidance of $9.25 billion-$9.34 billion, compared to the consensus revenue estimate of $7.67 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 variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (9.80%), State Street Corp (6.68%), Geode Capital Management LLC (2.31%), Dimensional Fund Advisors LP (1.54%), Northern Trust Corp (1.40%) and Wells Fargo & Company MN (1.30%). Insiders that own company stock include Amy C Held, Geoff E Tanner, Jeannette L Knudsen, Jill R Penrose, John P Brase, Mark T Smucker, Nancy Lopez Knight, Richard K Smucker, Tarang Amin 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 $126.50.

J. M. Smucker (NYSE:SJM) has a market capitalization of $12.92 billion and generates $8.46 billion in revenue each year. The company earns $-91,300,000.00 in net income (profit) each year or ($0.17) on an earnings per share basis.

The company employs 5,800 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.