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

12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for J. M. Smucker in the last twelve months. There are currently 3 sell ratings, 8 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" J. M. Smucker stock. 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 brokerages have issued 1-year price targets for J. M. Smucker's shares. Their SJM stock forecasts range from $111.00 to $146.00. On average, they expect J. M. Smucker's stock price to reach $133.18 in the next twelve months. This suggests a possible upside of 0.1% from the stock's current price.
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J. M. Smucker's stock was trading at $135.82 at the beginning of 2022. Since then, SJM shares have decreased by 2.0% and is now trading at $133.08.
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J. M. Smucker is scheduled to release its next quarterly earnings announcement on Tuesday, August 23rd 2022.
View our earnings forecast for J. M. Smucker.

J. M. Smucker will be holding an earnings conference call on Tuesday, August 23rd 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) posted its earnings results on Tuesday, June, 7th. The company reported $2.23 EPS for the quarter, topping the consensus estimate of $1.88 by $0.35. The business had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $1.98 billion. J. M. Smucker had a trailing twelve-month return on equity of 11.71% and a net margin of 7.90%. J. M. Smucker's revenue was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.89 earnings per share.
Read J. M. Smucker's conference call transcript.

J. M. Smucker announced a quarterly dividend on Friday, July 15th. Investors of record on Friday, August 12th will be paid a dividend of $1.02 per share on Thursday, September 1st. This represents a $4.08 annualized dividend and a dividend yield of 3.07%. The ex-dividend date is Thursday, August 11th. This is a positive change from J. M. Smucker's previous quarterly dividend of $0.99.
View J. M. Smucker's dividend history.

J. M. Smucker(NYSE:SJM) pays an annual dividend of $3.96 per share and currently has a dividend yield of 2.98%. J. M. Smucker has been increasing its dividend for 26 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio of J. M. Smucker is 67.92%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, J. M. Smucker will have a dividend payout ratio of 42.31% next year. This indicates that J. M. Smucker will be able to sustain or increase its dividend.
View J. M. Smucker's dividend history.

J. M. Smucker declared that its Board of Directors has approved a share buyback program on Friday, October 22nd 2021, which permits the company to buyback 5,000,000 outstanding shares, according to EventVestor. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company's leadership believes its stock is undervalued.

J. M. Smucker updated its FY 2023 earnings guidance on Tuesday, July, 5th. The company provided EPS guidance of $7.85-$8.25 for the period, compared to the consensus earnings per share estimate of $8.91. The company issued revenue guidance of $8.28 billion-$8.36 billion, compared to the consensus revenue estimate of $8.01 billion.

161 employees have rated J. M. Smucker CEO Mark T. Smucker on Glassdoor.com. Mark T. Smucker has an approval rating of 79% among J. M. Smucker'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 Coho Partners Ltd. (0.95%), Allspring Global Investments Holdings LLC (0.49%), Robeco Institutional Asset Management B.V. (0.42%), Victory Capital Management Inc. (0.42%), TD Asset Management Inc. (0.37%) and Sumitomo Mitsui Trust Holdings Inc. (0.34%). Company insiders that own J. M. Smucker stock include Amy C Held, Geoff E Tanner, Jeannette L Knudsen, Jill R Penrose, Kevin G Jackson, Mark R Belgya, Mark T Smucker, Nancy Lopez Knight and Tucker H Marshall.
View institutional ownership trends for J. M. Smucker.

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 $133.08.

J. M. Smucker (NYSE:SJM) has a market capitalization of $14.43 billion and generates $8.00 billion in revenue each year. The company earns $631.70 million in net income (profit) each year or $5.83 on an earnings per share basis.

J. M. Smucker employs 6,700 workers across the globe.

J. M. Smucker was founded in 1897.

J. M. Smucker's mailing address is ONE STRAWBERRY LANE, ORRVILLE OH, 44667. The official website for J. M. Smucker 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.