The J. M. Smucker Company (NYSE:SJM) Receives $136.25 Consensus Target Price from Brokerages

Shares of The J. M. Smucker Company (NYSE:SJM) have been given an average rating of “Moderate Buy” by the seventeen analysts that are covering the firm, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $136.25.

Several research analysts have issued reports on SJM shares. Wall Street Zen upgraded shares of J. M. Smucker from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Wells Fargo & Company boosted their price target on shares of J. M. Smucker from $129.00 to $144.00 and gave the company an “overweight” rating in a report on Thursday, August 27th. Royal Bank Of Canada upped their price target on shares of J. M. Smucker from $135.00 to $150.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 25th. Sanford C. Bernstein increased their price objective on shares of J. M. Smucker from $137.00 to $157.00 and gave the company an “outperform” rating in a research note on Thursday, August 27th. Finally, Bank of America lifted their price objective on shares of J. M. Smucker from $130.00 to $132.00 and gave the company a “buy” rating in a report on Wednesday, June 10th.

Insider Activity

In other J. M. Smucker news, insider Jill Penrose sold 5,000 shares of the stock in a transaction dated Monday, June 29th. The shares were sold at an average price of $116.69, for a total transaction of $583,450.00. Following the completion of the sale, the insider directly owned 15,795 shares of the company’s stock, valued at approximately $1,843,118.55. This represents a 24.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Robert Ferguson sold 2,522 shares of the firm’s stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $132.41, for a total transaction of $333,938.02. Following the completion of the sale, the insider owned 36,295 shares in the company, valued at $4,805,820.95. This represents a 6.50% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 30,357 shares of company stock valued at $3,858,879. Company insiders own 2.80% of the company’s stock.

Hedge Funds Weigh In On J. M. Smucker

A number of large investors have recently made changes to their positions in the business. Archer Investment Corp purchased a new stake in shares of J. M. Smucker during the second quarter worth about $25,000. Fideuram Asset Management Ireland dac purchased a new position in shares of J. M. Smucker in the 4th quarter valued at approximately $32,000. MCF Advisors LLC boosted its stake in J. M. Smucker by 68.1% in the 4th quarter. MCF Advisors LLC now owns 311 shares of the company’s stock worth $30,000 after purchasing an additional 126 shares in the last quarter. Hilton Head Capital Partners LLC acquired a new stake in J. M. Smucker in the 4th quarter worth approximately $42,000. Finally, Sankala Group LLC purchased a new stake in J. M. Smucker during the 4th quarter worth approximately $46,000. 81.66% of the stock is owned by institutional investors and hedge funds.

J. M. Smucker Stock Performance

J. M. Smucker stock opened at $122.42 on Friday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.35 and a current ratio of 0.87. The company has a market capitalization of $13.08 billion, a PE ratio of 57.21, a P/E/G ratio of 1.56 and a beta of 0.27. The company has a 50 day moving average price of $122.09 and a 200-day moving average price of $109.85. J. M. Smucker has a fifty-two week low of $88.25 and a fifty-two week high of $135.89.

J. M. Smucker (NYSE:SJM) last announced its quarterly earnings data on Wednesday, August 26th. The company reported $3.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.22 by $1.02. J. M. Smucker had a return on equity of 19.85% and a net margin of 2.51%.The company had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.13 billion. During the same quarter in the prior year, the firm earned $1.90 earnings per share. J. M. Smucker’s revenue was up 5.0% compared to the same quarter last year. J. M. Smucker has set its FY 2027 guidance at 10.500-11.000 EPS. As a group, equities analysts forecast that J. M. Smucker will post 10.71 earnings per share for the current year.

J. M. Smucker Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Friday, August 14th were paid a $1.12 dividend. This represents a $4.48 annualized dividend and a yield of 3.7%. This is a boost from J. M. Smucker’s previous quarterly dividend of $1.10. The ex-dividend date was Friday, August 14th. J. M. Smucker’s payout ratio is presently 209.35%.

About J. M. Smucker

The J. M. Smucker Company is a food and beverage manufacturer headquartered in Orrville, Ohio. Founded in 1897 by Jerome Monroe Smucker, the company began with apple butter and has expanded into a diversified portfolio of branded consumer products sold primarily through retail and foodservice channels.

Its offerings include coffee products under brands such as Folgers, Café Bustelo and Dunkin’ packaged coffee; fruit spreads and related products under the Smucker’s brand; peanut butter and other foods under Jif; and frozen handheld snacks under the Uncrustables brand.