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

11 Wall Street 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 2 buy ratings for the stock. The consensus among Wall Street 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 brokers have issued 1 year price targets for J. M. Smucker's shares. Their SJM share price forecasts range from $123.00 to $170.00. On average, they anticipate the company's share price to reach $152.09 in the next twelve months. This suggests that the stock has a possible downside of 2.8%.
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J. M. Smucker's stock was trading at $158.46 at the beginning of 2023. Since then, SJM stock has decreased by 1.3% and is now trading at $156.46.
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J. M. Smucker saw a drop in short interest in February. As of February 28th, there was short interest totaling 3,150,000 shares, a drop 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 short-interest ratio is currently 3.5 days. Currently, 3.0% of the shares of the company are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, June 6th 2023.
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The J. M. Smucker Company (NYSE:SJM) issued its quarterly earnings results on Tuesday, February, 28th. The company reported $2.21 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.13 by $0.08. The company had revenue of $2.22 billion for the quarter, compared to analysts' expectations 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%. J. M. Smucker's revenue was up 7.7% on a year-over-year basis. During the same period in the previous year, the business earned $2.33 EPS.
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J. M. Smucker announced a quarterly dividend on Friday, January 20th. Investors of record on Friday, February 10th will be paid a dividend of $1.02 per share on Wednesday, March 1st. This represents a $4.08 annualized dividend and a dividend yield of 2.61%. The ex-dividend date 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 Dynamic Food & Beverage ETF (PBJ), 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) and ProShares S&P 500 Aristocrats ETF (NOBL).

J. M. Smucker (NYSE:SJM) pays an annual dividend of $4.08 per share and currently has a dividend yield of 2.64%. 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 41.93% 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 declared that its board has authorized a stock buyback program on Friday, October 22nd 2021, which permits the company to repurchase 5,000,000 shares, according to EventVestor. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company's management believes its shares are undervalued.

J. M. Smucker updated its FY 2023 earnings guidance on Tuesday, February, 28th. The company provided earnings per share (EPS) guidance of $8.55-$8.75 for the period, compared to the consensus 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 variety of retail and institutional investors. Top institutional investors 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 $156.46.

J. M. Smucker (NYSE:SJM) has a market capitalization of $16.68 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.