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

12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for J. M. Smucker in the last year. There are currently 6 sell ratings, 5 hold ratings and 1 buy rating 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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12 brokers have issued twelve-month target prices for J. M. Smucker's shares. Their SJM share price forecasts range from $123.00 to $158.00. On average, they predict the company's share price to reach $141.50 in the next year. This suggests that the stock has a possible downside of 6.6%.
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J. M. Smucker's stock was trading at $135.82 at the beginning of 2022. Since then, SJM shares have increased by 11.6% and is now trading at $151.52.
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The J. M. Smucker Company (NYSE:SJM) released its earnings results on Monday, November, 21st. The company reported $2.40 earnings per share for the quarter, beating analysts' consensus estimates of $2.19 by $0.21. The firm had revenue of $2.21 billion for the quarter, compared to analysts' expectations 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 business's quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter last year, the company earned $2.43 EPS.
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J. M. Smucker announced a quarterly dividend on Thursday, October 20th. Investors of record on Friday, November 11th will be given a dividend of $1.02 per share on Thursday, December 1st. This represents a $4.08 annualized dividend and a yield of 2.69%. The ex-dividend date of this dividend is Wednesday, November 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 2.69%. 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 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 41.89% 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 has authorized a share buyback plan on Friday, October 22nd 2021, which allows the company to repurchase 5,000,000 shares, according to EventVestor. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company's board of directors believes its stock is undervalued.

J. M. Smucker issued an update on its FY 2023 earnings guidance on Tuesday, November, 22nd. The company provided earnings per share (EPS) guidance of $8.35-$8.75 for the period, compared to the consensus EPS estimate of $8.49. The company issued revenue guidance of $8.44 billion-$8.52 billion, compared to the consensus revenue estimate of $8.37 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 institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (12.09%), BlackRock Inc. (8.71%), State Street Corp (7.13%), LSV Asset Management (1.96%), Massachusetts Financial Services Co. MA (1.52%) 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 $151.52.

J. M. Smucker (NYSE:SJM) has a market capitalization of $16.15 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.