Brokerages Set The J. M. Smucker Company (NYSE:SJM) Price Target at $118.00

The J. M. Smucker Company (NYSE:SJM) has been assigned a consensus recommendation of “Moderate Buy” from the fifteen analysts that are presently covering the company, Marketbeat.com reports. Six research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $118.00.

SJM has been the subject of a number of analyst reports. BNP Paribas upgraded shares of J. M. Smucker from a “strong sell” rating to a “strong-buy” rating in a research report on Wednesday, July 9th. Jefferies Financial Group upgraded shares of J. M. Smucker from a “hold” rating to a “buy” rating and dropped their price target for the company from $118.00 to $115.00 in a research report on Wednesday, June 11th. Cfra Research upgraded shares of J. M. Smucker from a “hold” rating to a “moderate buy” rating in a research report on Wednesday, August 27th. Citigroup dropped their price target on shares of J. M. Smucker from $128.00 to $118.00 and set a “buy” rating for the company in a research report on Wednesday, June 11th. Finally, Zacks Research raised shares of J. M. Smucker to a “hold” rating in a research note on Monday, August 11th.

J. M. Smucker Stock Up 0.8%

NYSE SJM opened at $110.87 on Tuesday. The company has a current ratio of 0.81, a quick ratio of 0.34 and a debt-to-equity ratio of 1.19. J. M. Smucker has a 1-year low of $93.30 and a 1-year high of $125.42. The company has a 50 day moving average of $109.16 and a 200-day moving average of $109.96. The company has a market cap of $11.83 billion, a price-to-earnings ratio of -8.09, a PEG ratio of 7.59 and a beta of 0.27.

J. M. Smucker (NYSE:SJM) last released its quarterly earnings results on Wednesday, August 27th. The company reported $1.90 earnings per share for the quarter, missing analysts’ consensus estimates of $1.95 by ($0.05). J. M. Smucker had a negative net margin of 16.75% and a positive return on equity of 15.41%. The business had revenue of $2.11 billion during the quarter, compared to analyst estimates of $2.09 billion. During the same quarter in the previous year, the firm posted $2.44 earnings per share. The firm’s quarterly revenue was down .6% on a year-over-year basis. J. M. Smucker has set its FY 2026 guidance at 8.500-9.500 EPS. On average, equities research analysts expect that J. M. Smucker will post 9.88 earnings per share for the current fiscal year.

J. M. Smucker Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Friday, August 15th were paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 4.0%. This is a positive change from J. M. Smucker’s previous quarterly dividend of $1.08. The ex-dividend date of this dividend was Friday, August 15th. J. M. Smucker’s payout ratio is -32.09%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Tortoise Investment Management LLC increased its stake in J. M. Smucker by 87.0% in the first quarter. Tortoise Investment Management LLC now owns 215 shares of the company’s stock valued at $25,000 after acquiring an additional 100 shares during the last quarter. Nova Wealth Management Inc. bought a new position in J. M. Smucker in the second quarter valued at approximately $25,000. AlphaQuest LLC bought a new position in J. M. Smucker in the second quarter valued at approximately $26,000. Bank of Jackson Hole Trust grew its stake in shares of J. M. Smucker by 104.5% during the second quarter. Bank of Jackson Hole Trust now owns 274 shares of the company’s stock worth $27,000 after buying an additional 140 shares during the last quarter. Finally, CYBER HORNET ETFs LLC bought a new stake in shares of J. M. Smucker during the second quarter worth $27,000. 81.66% of the stock is owned by institutional investors.

J. M. Smucker Company Profile

The J. M. Smucker Company manufactures and markets branded food and beverage products worldwide. It operates in three segments: U.S. Retail Pet Foods, U.S. Retail Coffee, and U.S. Retail Consumer Foods. The company offers mainstream roast, ground, single serve, and premium coffee; peanut butter and specialty spreads; fruit spreads, toppings, and syrups; jelly products; nut mix products; shortening and oils; frozen sandwiches and snacks; pet food and pet snacks; and foodservice hot beverage, foodservice portion control, and flour products, as well as dog and cat food, frozen handheld products, juices and beverages, and baking mixes and ingredients.