J. M. Smucker (SJM) Stock Forecast, Price & News

13 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for J. M. Smucker in the last year. There are currently 4 sell ratings, 7 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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13 brokerages have issued 12-month target prices for J. M. Smucker's shares. Their SJM share price forecasts range from $123.00 to $170.00. On average, they expect the company's stock price to reach $153.36 in the next year. This suggests a possible upside of 2.9% 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 stock has decreased by 6.0% and is now trading at $148.98.
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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) announced its quarterly earnings data on Tuesday, February, 28th. The company reported $2.21 EPS for the quarter, topping the consensus estimate 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 net margin of 8.54% and a trailing twelve-month return on equity of 11.10%. The company's quarterly revenue was up 7.7% compared to the same quarter last year. During the same period last year, the business posted $2.33 EPS.
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J. M. Smucker declared a quarterly dividend on Tuesday, April 18th. Stockholders 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 annualized dividend and a dividend yield of 2.74%. The ex-dividend date of this dividend 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 declared that its board has approved a stock repurchase plan on Friday, October 22nd 2021, which permits the company to buyback 5,000,000 shares, according to EventVestor. This buyback authorization permits the company to buy shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company's leadership 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 number of institutional and retail investors. Top institutional shareholders 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.
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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 $148.98.

J. M. Smucker (NYSE:SJM) has a market capitalization of $15.89 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.