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 twelve months. There are currently 4 sell ratings, 7 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research 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 brokerages have issued 12-month price targets for J. M. Smucker's stock. Their SJM share price forecasts range from $123.00 to $170.00. On average, they anticipate the company's share price to reach $153.36 in the next year. This suggests a possible upside of 4.6% 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 at the beginning of the year. Since then, SJM shares have decreased by 7.5% and is now trading at $146.59.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, June 6th 2023.
View our SJM earnings forecast.

J. M. Smucker will be holding an earnings conference call on Tuesday, June 6th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link.

The J. M. Smucker Company (NYSE:SJM) posted its quarterly earnings data on Tuesday, February, 28th. The company reported $2.21 EPS for the quarter, topping analysts' consensus estimates of $2.13 by $0.08. The firm earned $2.22 billion during the quarter, compared to analysts' expectations of $2.22 billion. J. M. Smucker had a net margin of 8.54% and a trailing twelve-month return on equity of 11.10%. The business's revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.33 EPS.
Read the conference call transcript.

J. M. Smucker declared a quarterly dividend on Tuesday, April 18th. Shareholders 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 dividend on an annualized basis and a yield of 2.78%. 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 2.78%. The company has been increasing its dividend for 25 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 61.45%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SJM will have a dividend payout ratio of 42.28% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SJM.

J. M. Smucker announced that its board has initiated a stock buyback plan on Friday, October 22nd 2021, which authorizes the company to buyback 5,000,000 shares, according to EventVestor. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company's board of directors believes its shares are undervalued.

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. (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.
View institutional ownership trends.

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 $146.59.

J. M. Smucker (NYSE:SJM) has a market capitalization of $15.63 billion and generates $8.33 billion in revenue each year. The company earns $631.70 million in net income (profit) each year or $6.64 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.