J. M. Smucker (NYSE:SJM) Given New $121.00 Price Target at Sanford C. Bernstein

J. M. Smucker (NYSE:SJM) had its target price increased by Sanford C. Bernstein from $113.00 to $121.00 in a report published on Friday morning,Benzinga reports. Sanford C. Bernstein currently has a market perform rating on the stock.

SJM has been the topic of a number of other reports. UBS Group reduced their price objective on shares of J. M. Smucker from $120.00 to $117.00 and set a “buy” rating on the stock in a research note on Wednesday, November 26th. TD Cowen lifted their price objective on J. M. Smucker from $105.00 to $112.00 and gave the stock a “hold” rating in a research report on Friday, February 20th. Wells Fargo & Company boosted their price objective on J. M. Smucker from $120.00 to $135.00 and gave the company an “overweight” rating in a research note on Friday. Bank of America upgraded J. M. Smucker from a “neutral” rating to a “buy” rating and set a $130.00 target price for the company in a report on Monday. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of J. M. Smucker in a research note on Wednesday, January 21st. Eight equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $118.00.

J. M. Smucker Trading Down 1.3%

Shares of J. M. Smucker stock traded down $1.50 on Friday, hitting $114.50. The stock had a trading volume of 886,768 shares, compared to its average volume of 1,823,644. The stock has a 50 day moving average of $103.75 and a 200 day moving average of $105.39. The firm has a market capitalization of $12.22 billion, a P/E ratio of -10.23, a PEG ratio of 6.52 and a beta of 0.23. J. M. Smucker has a twelve month low of $93.30 and a twelve month high of $121.48. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.37 and a current ratio of 0.89.

J. M. Smucker (NYSE:SJM) last issued its quarterly earnings data on Thursday, February 26th. The company reported $2.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.27 by $0.11. J. M. Smucker had a positive return on equity of 15.26% and a negative net margin of 13.61%.The company had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.32 billion. During the same period last year, the company earned $2.61 earnings per share. The firm’s revenue was up 7.0% compared to the same quarter last year. Sell-side analysts expect that J. M. Smucker will post 9.88 earnings per share for the current fiscal year.

J. M. Smucker Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Friday, February 13th will be paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend is Friday, February 13th. J. M. Smucker’s dividend payout ratio (DPR) is -39.22%.

Institutional Investors Weigh In On J. M. Smucker

A number of institutional investors and hedge funds have recently made changes to their positions in SJM. UBS Group AG lifted its holdings in shares of J. M. Smucker by 238.7% in the fourth quarter. UBS Group AG now owns 3,924,282 shares of the company’s stock valued at $383,834,000 after purchasing an additional 2,765,559 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in J. M. Smucker by 33.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,392,300 shares of the company’s stock worth $331,807,000 after purchasing an additional 850,943 shares during the last quarter. Invesco Ltd. lifted its position in shares of J. M. Smucker by 7.5% during the 2nd quarter. Invesco Ltd. now owns 2,819,028 shares of the company’s stock worth $276,829,000 after buying an additional 195,774 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of J. M. Smucker by 1.8% in the 2nd quarter. Geode Capital Management LLC now owns 2,776,561 shares of the company’s stock worth $271,539,000 after buying an additional 49,017 shares during the last quarter. Finally, Morgan Stanley grew its holdings in shares of J. M. Smucker by 16.8% in the fourth quarter. Morgan Stanley now owns 2,486,596 shares of the company’s stock valued at $243,214,000 after acquiring an additional 357,253 shares in the last quarter. Institutional investors and hedge funds own 81.66% of the company’s stock.

Trending Headlines about J. M. Smucker

Here are the key news stories impacting J. M. Smucker this week:

• Positive Sentiment: Wells Fargo raised its price target on SJM to $135 and reiterated an “overweight” rating, implying meaningful upside from current levels and signaling analyst confidence in the company’s recovery and strategic direction. Read More.
• Positive Sentiment: Smucker reached an agreement with activist Elliott that led to the appointment of two independent directors to the board — a governance outcome investors often view positively because it can accelerate strategic or operational changes. Read More.
• Positive Sentiment: Market reaction included a strong intraday rally after the Elliott deal and board expansion news (reports noted roughly a double‑digit percentage jump at one point), reflecting investor optimism about near‑term governance catalysts. Read More.
• Positive Sentiment: Q3 results topped consensus: adjusted EPS of $2.38 vs. $2.27 expected and revenue of $2.34B vs. $2.32B expected; sales rose ~7% year‑over‑year, helped by pricing in the coffee portfolio. That beat supports valuation and shows pricing power. Read More.
• Neutral Sentiment: Earnings presentation and call materials / transcript were posted (useful for details on guidance, segment performance and timing of plant recovery) — investors should review the slides and transcript for management’s forward commentary. Read More.
• Negative Sentiment: Management trimmed its sales‑growth outlook for the year after a recent fire at a manufacturing facility, a near‑term operational headwind that raises uncertainty about production recovery and cost. Read More.
• Negative Sentiment: Despite the beat, adjusted EPS is down year‑over‑year due to higher green‑coffee costs and tariffs; margins remain pressured (company reported a negative net margin), so cost trends and commodity/tariff outlook are key risk factors for upcoming quarters. Read More.

About J. M. Smucker

The J. M. Smucker Company is a diversified food and beverage manufacturer and marketer known for a portfolio of well-established consumer brands. The company’s main business activities include the production and distribution of fruit spreads, peanut butter, coffee and coffee filters, as well as pet food and pet snacks. Smucker’s core product lines serve both retail and foodservice customers through grocery chains, mass merchandisers, club stores, convenience outlets and e-commerce channels.

Among its leading brands are Smucker’s® fruit spreads, Jif® peanut butter, Folgers® and Dunkin’® coffees, and Café Bustelo® coffee.