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

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for J. M. Smucker in the last twelve months. There are currently 3 sell ratings, 6 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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11 Wall Street analysts have issued 1-year price targets for J. M. Smucker's shares. Their SJM share price forecasts range from $111.00 to $155.00. On average, they predict the company's stock price to reach $138.82 in the next twelve months. This suggests that the stock has a possible downside of 1.3%.
View analysts price targets for SJM or view top-rated stocks among Wall Street analysts.

J. M. Smucker's stock was trading at $135.82 on January 1st, 2022. Since then, SJM shares have increased by 3.6% and is now trading at $140.65.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 22nd 2022.
View our SJM earnings forecast.

The J. M. Smucker Company (NYSE:SJM) announced its earnings results on Tuesday, August, 23rd. The company reported $1.67 earnings per share for the quarter, topping analysts' consensus estimates of $1.40 by $0.27. J. M. Smucker had a trailing twelve-month return on equity of 11.38% and a net margin of 7.33%. During the same period last year, the company posted $1.90 earnings per share.
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J. M. Smucker announced a quarterly dividend on Friday, July 15th. Shareholders of record on Friday, August 12th will be given a dividend of $1.02 per share on Thursday, September 1st. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.90%. The ex-dividend date is Thursday, August 11th. This is an increase from the stock's previous quarterly dividend of $0.99.
Read our dividend analysis for SJM.

J. M. Smucker (NYSE:SJM) pays an annual dividend of $4.08 per share and currently has a dividend yield of 2.87%. The company has been increasing its dividend for 24 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 75.00%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SJM will have a dividend payout ratio of 42.63% 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 of Directors has authorized a share buyback plan on Friday, October 22nd 2021, which authorizes the company to repurchase 5,000,000 outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company's leadership believes its shares are undervalued.

J. M. Smucker issued an update on its FY 2023 earnings guidance on Tuesday, September, 20th. The company provided earnings per share (EPS) guidance of $8.20-$8.60 for the period, compared to the consensus earnings per share estimate of $8.04. The company issued revenue guidance of $8.32 billion-$8.40 billion, compared to the consensus revenue estimate of $8.28 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 State Street Corp (7.02%), Massachusetts Financial Services Co. MA (1.54%), Northern Trust Corp (1.28%), Wells Fargo & Company MN (1.26%), Legal & General Group Plc (1.15%) and Coho Partners Ltd. (0.95%). 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 $140.65.

J. M. Smucker (NYSE:SJM) has a market capitalization of $14.99 billion and generates $8.00 billion in revenue each year. The company earns $631.70 million in net income (profit) each year or $5.44 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.