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

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for J. M. Smucker in the last twelve months. There are currently 5 sell ratings, 6 hold ratings and 1 buy rating for the stock. The consensus among Wall Street 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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12 brokers have issued 1-year target prices for J. M. Smucker's shares. Their SJM share price forecasts range from $123.00 to $165.00. On average, they anticipate the company's stock price to reach $147.00 in the next year. This suggests that the stock has a possible downside of 2.0%.
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J. M. Smucker's stock was trading at $158.46 on January 1st, 2023. Since then, SJM stock has decreased by 5.3% and is now trading at $150.02.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, March 7th 2023.
View our SJM earnings forecast.

The J. M. Smucker Company (NYSE:SJM) announced its earnings results on Monday, November, 21st. The company reported $2.40 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.19 by $0.21. The company earned $2.21 billion during the quarter, compared to analyst estimates of $2.18 billion. J. M. Smucker had a trailing twelve-month return on equity of 11.31% and a net margin of 7.01%. The firm's quarterly revenue was up 7.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.43 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 2.72%. The ex-dividend date is Thursday, February 9th.
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 2.72%. 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 76.55%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, SJM will have a dividend payout ratio of 41.63% 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 approved a stock buyback plan 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 buy shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's board believes its stock is undervalued.

J. M. Smucker updated its FY 2023 earnings guidance on Thursday, December, 22nd. The company provided earnings per share (EPS) guidance of $8.35-$8.75 for the period, compared to the consensus EPS estimate of $8.60. The company issued revenue guidance of $8.44 billion-$8.52 billion, compared to the consensus revenue estimate of $8.45 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 institutional and retail investors. Top institutional shareholders include Sequoia Financial Advisors LLC (2.14%), Coho Partners Ltd. (1.02%), Allspring Global Investments Holdings LLC (0.46%), Boston Trust Walden Corp (0.30%), Wedge Capital Management L L P NC (0.24%) and Douglas Lane & Associates LLC (0.20%). 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 $150.02.

J. M. Smucker (NYSE:SJM) has a market capitalization of $15.99 billion and generates $8.00 billion in revenue each year. The company earns $631.70 million in net income (profit) each year or $5.33 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.