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 year. There are currently 3 sell ratings, 8 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "reduce" SJM shares.
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13 analysts have issued twelve-month price objectives for J. M. Smucker's stock. Their SJM share price forecasts range from $130.00 to $165.00. On average, they expect the company's share price to reach $148.50 in the next year. This suggests a possible upside of 18.4% 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 2023. Since then, SJM stock has decreased by 20.9% and is now trading at $125.42.
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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) issued its quarterly earnings data on Tuesday, August, 29th. The company reported $2.21 earnings per share for the quarter, beating analysts' consensus estimates of $2.02 by $0.19. The firm earned $1.81 billion during the quarter, compared to analysts' expectations 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%. J. M. Smucker's revenue for the quarter was down 3.6% compared to the same quarter last year. During the same period in the previous year, the company earned $1.67 EPS.
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J. M. Smucker declared a quarterly dividend on Friday, July 14th. Stockholders 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 annualized dividend and a yield of 3.38%. The ex-dividend date 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 3.35%.
Read our dividend analysis for SJM.

J. M. Smucker announced that its Board of Directors has authorized a stock repurchase program 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 repurchase shares of its stock through open market purchases. Stock 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 guidance of $9.45-$9.85 for the period, compared to the consensus EPS 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 many different retail and institutional investors. Top institutional shareholders 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.
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 $125.42.

J. M. Smucker (NYSE:SJM) has a market capitalization of $12.81 billion and generates $8.53 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.