The J. M. Smucker Company (NYSE:SJM) Given Average Rating of “Hold” by Brokerages

The J. M. Smucker Company (NYSE:SJM) has earned a consensus recommendation of “Hold” from the nineteen research firms that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation and nine have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $121.1333.

SJM has been the subject of several research reports. UBS Group lifted their target price on J. M. Smucker from $121.00 to $130.00 and gave the stock a “buy” rating in a research report on Thursday, June 11th. Stifel Nicolaus dropped their price target on J. M. Smucker from $120.00 to $100.00 and set a “hold” rating on the stock in a research report on Tuesday, April 21st. Bank of America raised their price objective on J. M. Smucker from $130.00 to $132.00 and gave the stock a “buy” rating in a research note on Wednesday, June 10th. BTIG Research set a $130.00 target price on shares of J. M. Smucker in a research note on Wednesday, June 10th. Finally, Royal Bank Of Canada increased their target price on shares of J. M. Smucker from $130.00 to $135.00 and gave the stock an “outperform” rating in a report on Wednesday, June 10th.

Insiders Place Their Bets

In other J. M. Smucker news, insider Jill R. Penrose sold 5,000 shares of the firm’s stock in a transaction dated Monday, June 29th. The shares were sold at an average price of $116.69, for a total value of $583,450.00. Following the transaction, the insider owned 15,795 shares of the company’s stock, valued at $1,843,118.55. This trade represents a 24.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Tucker H. Marshall sold 3,630 shares of J. M. Smucker stock in a transaction that occurred on Wednesday, June 24th. The shares were sold at an average price of $111.05, for a total value of $403,111.50. Following the completion of the transaction, the chief financial officer owned 38,699 shares of the company’s stock, valued at approximately $4,297,523.95. The trade was a 8.58% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 18,533 shares of company stock valued at $2,132,914 over the last quarter. Insiders own 2.80% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Wedge Capital Management L L P NC lifted its stake in J. M. Smucker by 5.1% in the second quarter. Wedge Capital Management L L P NC now owns 48,059 shares of the company’s stock valued at $5,407,000 after buying an additional 2,315 shares during the last quarter. Tema ETFs LLC grew its position in shares of J. M. Smucker by 13.0% during the second quarter. Tema ETFs LLC now owns 2,145 shares of the company’s stock worth $241,000 after acquiring an additional 247 shares during the last quarter. Sage Capital Advisors llc grew its position in shares of J. M. Smucker by 1.5% during the second quarter. Sage Capital Advisors llc now owns 71,022 shares of the company’s stock worth $7,990,000 after acquiring an additional 1,027 shares during the last quarter. Everhart Financial Group Inc. lifted its position in J. M. Smucker by 34.9% in the 2nd quarter. Everhart Financial Group Inc. now owns 9,615 shares of the company’s stock valued at $1,082,000 after purchasing an additional 2,489 shares during the last quarter. Finally, Valeo Financial Advisors LLC boosted its stake in J. M. Smucker by 6.8% during the 2nd quarter. Valeo Financial Advisors LLC now owns 2,249 shares of the company’s stock valued at $253,000 after purchasing an additional 143 shares during the period. 81.66% of the stock is currently owned by institutional investors.

J. M. Smucker Price Performance

Shares of SJM stock opened at $111.49 on Monday. The firm has a fifty day simple moving average of $106.99 and a 200-day simple moving average of $103.70. The company has a market capitalization of $11.89 billion, a PE ratio of -85.76, a price-to-earnings-growth ratio of 1.56 and a beta of 0.26. J. M. Smucker has a twelve month low of $88.25 and a twelve month high of $119.39. The company has a current ratio of 0.78, a quick ratio of 0.33 and a debt-to-equity ratio of 1.15.

J. M. Smucker (NYSE:SJM) last released its earnings results on Tuesday, June 9th. The company reported $2.77 EPS for the quarter, beating the consensus estimate of $2.64 by $0.13. The company had revenue of $2.27 billion during the quarter, compared to analysts’ expectations of $2.26 billion. J. M. Smucker had a positive return on equity of 17.18% and a negative net margin of 1.53%.The business’s revenue was up 5.8% on a year-over-year basis. During the same period in the prior year, the business posted $2.31 EPS. J. M. Smucker has set its FY 2027 guidance at 9.750-10.250 EPS. Equities research analysts anticipate that J. M. Smucker will post 9.95 earnings per share for the current fiscal year.

J. M. Smucker Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Friday, May 15th were paid a dividend of $1.10 per share. The ex-dividend date was Friday, May 15th. This represents a $4.40 annualized dividend and a yield of 3.9%. J. M. Smucker’s dividend payout ratio is -338.46%.

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.