J. M. Smucker (NYSE:SJM) Releases Quarterly Earnings Results, Beats Estimates By $0.12 EPS

J. M. Smucker (NYSE:SJM) posted its quarterly earnings results on Tuesday. The company reported $2.77 EPS for the quarter, topping the consensus estimate of $2.65 by $0.12, FiscalAI reports. The business had revenue of $2.27 billion for the quarter, compared to analyst estimates of $2.26 billion. J. M. Smucker had a positive return on equity of 15.94% and a negative net margin of 14.07%. J. M. Smucker updated its FY 2027 guidance to 9.750-10.250 EPS.

J. M. Smucker Price Performance

Shares of NYSE SJM opened at $101.88 on Tuesday. The company has a current ratio of 0.84, a quick ratio of 0.35 and a debt-to-equity ratio of 1.31. J. M. Smucker has a twelve month low of $88.25 and a twelve month high of $119.39. The stock has a 50 day moving average of $98.03 and a two-hundred day moving average of $101.68. The stock has a market cap of $10.87 billion, a P/E ratio of -8.64, a P/E/G ratio of 6.99 and a beta of 0.27.

J. M. Smucker Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Friday, May 15th were paid a $1.10 dividend. The ex-dividend date was Friday, May 15th. This represents a $4.40 dividend on an annualized basis and a yield of 4.3%. J. M. Smucker’s payout ratio is currently -37.32%.

Wall Street Analyst Weigh In

Several research firms have weighed in on SJM. TD Cowen dropped their target price on J. M. Smucker from $124.00 to $113.00 and set a “hold” rating for the company in a research report on Thursday, March 19th. JPMorgan Chase & Co. reduced their price target on shares of J. M. Smucker from $130.00 to $120.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 19th. Evercore began coverage on shares of J. M. Smucker in a research report on Friday, May 15th. They set an “outperform” rating and a $117.00 price target on the stock. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $95.00 target price on shares of J. M. Smucker in a report on Wednesday, May 20th. Finally, Barclays reduced their target price on shares of J. M. Smucker from $125.00 to $103.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 14th. Eleven research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $116.71.

Institutional Investors Weigh In On J. M. Smucker

Several large investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP raised its stake in shares of 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. raised its stake in shares of J. M. Smucker by 5.8% during the fourth quarter. Invesco Ltd. now owns 2,783,272 shares of the company’s stock worth $272,232,000 after purchasing an additional 151,872 shares during the last quarter. Morgan Stanley raised its stake in shares of J. M. Smucker by 16.8% during the fourth quarter. Morgan Stanley now owns 2,486,596 shares of the company’s stock worth $243,214,000 after purchasing an additional 357,253 shares during the last quarter. Two Sigma Investments LP raised its stake in shares of J. M. Smucker by 6,854.4% during the third quarter. Two Sigma Investments LP now owns 1,527,962 shares of the company’s stock worth $165,937,000 after purchasing an additional 1,505,991 shares during the last quarter. Finally, Marshall Wace LLP raised its stake in shares of J. M. Smucker by 41.7% during the fourth quarter. Marshall Wace LLP now owns 1,240,592 shares of the company’s stock worth $121,342,000 after purchasing an additional 364,854 shares during the last quarter. Hedge funds and other institutional investors own 81.66% of the company’s stock.

J. M. Smucker Company Profile

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.