J. M. Smucker - SJM Stock Forecast, Price & News

10 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, 5 hold ratings and 1 buy rating 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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10 analysts have issued 12 month price objectives for J. M. Smucker's shares. Their SJM share price forecasts range from $123.00 to $165.00. On average, they predict the company's stock price to reach $150.30 in the next year. This suggests that the stock has a possible downside of 2.7%.
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J. M. Smucker's stock was trading at $158.46 on January 1st, 2023. Since then, SJM shares have decreased by 2.5% and is now trading at $154.46.
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J. M. Smucker saw a decrease in short interest during the month of February. As of February 28th, there was short interest totaling 3,150,000 shares, a decrease of 14.6% from the February 13th total of 3,690,000 shares. Based on an average daily trading volume, of 889,700 shares, the days-to-cover ratio is currently 3.5 days. Approximately 3.0% of the company's stock are sold short.
View J. M. Smucker's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, June 6th 2023.
View our SJM earnings forecast.

The J. M. Smucker Company (NYSE:SJM) posted its quarterly earnings data on Tuesday, February, 28th. The company reported $2.21 earnings per share for the quarter, beating analysts' consensus estimates of $2.13 by $0.08. The company had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.22 billion. J. M. Smucker had a trailing twelve-month return on equity of 11.10% and a net margin of 8.54%. The company's quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the previous year, the company earned $2.33 earnings per share.
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J. M. Smucker declared a quarterly dividend on Friday, January 20th. Shareholders of record on Friday, February 10th will be given a dividend of $1.02 per share on Wednesday, March 1st. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.64%. The ex-dividend date of this dividend is Thursday, February 9th.
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 S&P 500 Equal Weight Consumer Staples ETF (RHS), Invesco DWA Consumer Staples Momentum ETF (PSL), ASYMmetric Smart S&P 500 ETF (ASPY), SEI Enhanced Low Volatility U.S. Large Cap ETF (SELV), Strategas Macro Thematic Opportunities ETF (SAMT), First Trust Consumer Staples AlphaDEX Fund (FXG) and FT Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF (KNG).

J. M. Smucker (NYSE:SJM) pays an annual dividend of $4.08 per share and currently has a dividend yield of 2.69%. 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 41.80% 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 outstanding shares, according to EventVestor. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock buyback plans are often an indication that the company's management believes its shares are undervalued.

J. M. Smucker issued an update on its FY 2023 earnings guidance on Tuesday, February, 28th. The company provided earnings per share guidance of $8.55-$8.75 for the period, compared to the consensus EPS estimate of $8.60. The company issued revenue guidance of $8.48 billion-$8.48 billion, compared to the consensus revenue estimate of $8.47 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 retail and institutional investors. Top institutional shareholders include Sequoia Financial Advisors LLC (2.14%), Geode Capital Management LLC (2.11%), Moneta Group Investment Advisors LLC (1.97%), Edmp Inc. (1.62%), LSV Asset Management (1.56%) and Dimensional Fund Advisors LP (1.46%). 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 $154.46.

J. M. Smucker (NYSE:SJM) has a market capitalization of $16.47 billion and generates $8.00 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.