J. M. Smucker (NYSE:SJM) Trading 10.4% Higher After Better-Than-Expected Earnings

The J. M. Smucker Company (NYSE:SJM)’s share price traded up 10.4% during trading on Tuesday following a better than expected earnings announcement. The company traded as high as $112.49 and last traded at $112.3130. 830,752 shares traded hands during trading, a decline of 58% from the average session volume of 1,963,613 shares. The stock had previously closed at $101.77.

The company reported $2.77 earnings per share for the quarter, topping the consensus estimate of $2.65 by $0.12. The business had revenue of $2.27 billion for the quarter, compared to analysts’ expectations of $2.26 billion. J. M. Smucker had a positive return on equity of 15.94% and a negative net margin of 14.07%.The business’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.31 EPS. J. M. Smucker has set its FY 2027 guidance at 9.750-10.250 EPS.

J. M. Smucker Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Friday, May 15th were issued a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 3.9%. The ex-dividend date was Friday, May 15th. J. M. Smucker’s payout ratio is presently -37.32%.

Key J. M. Smucker News

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

• Positive Sentiment: Smucker beat quarterly earnings expectations and slightly topped revenue estimates, signaling stronger-than-expected recent performance. Smucker (SJM) Q4 Earnings Top Estimates
• Positive Sentiment: Fiscal 2027 EPS guidance of $9.75 to $10.25 came in above consensus, suggesting management expects solid profitability even as growth moderates. The J.M. Smucker Co. Announces Fiscal Year 2026 Fourth Quarter Results and Provides Full-Year Fiscal 2027 Outlook
• Neutral Sentiment: Analysts and media coverage noted the earnings report was positive, but the market is also weighing mixed guidance that points to lower sales ahead. J.M. Smucker Stock Rises. Earnings and Guidance Go in Opposite Directions.
• Negative Sentiment: Management guided for fiscal 2027 revenue of $8.7 billion to $8.8 billion, below analyst expectations, which raises concerns about slowing top-line growth. J.M. Smucker Expects Sales to Fall This Year

Wall Street Analyst Weigh In

SJM has been the subject of several research analyst reports. UBS Group lowered their target price on shares of J. M. Smucker from $132.00 to $121.00 and set a “buy” rating for the company in a research note on Tuesday, June 2nd. Morgan Stanley upped their price target on J. M. Smucker from $104.00 to $106.00 and gave the stock an “equal weight” rating in a report on Friday. Weiss Ratings reaffirmed a “sell (d)” rating on shares of J. M. Smucker in a research report on Monday, April 20th. BNP Paribas Exane set a $125.00 price target on J. M. Smucker in a report on Thursday, April 9th. Finally, Bank of America raised J. M. Smucker from a “neutral” rating to a “buy” rating and set a $130.00 price objective on the stock in a report on Monday, February 23rd. Eleven investment 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, the company presently has an average rating of “Hold” and an average price target of $116.71.

Institutional Investors Weigh In On J. M. Smucker

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. UBS Group AG boosted its holdings in J. M. Smucker by 238.7% during the fourth quarter. UBS Group AG now owns 3,924,282 shares of the company’s stock worth $383,834,000 after buying an additional 2,765,559 shares in the last quarter. Two Sigma Investments LP lifted its stake in J. M. Smucker by 6,854.4% in the 3rd quarter. Two Sigma Investments LP now owns 1,527,962 shares of the company’s stock valued at $165,937,000 after buying an additional 1,505,991 shares in the last quarter. National Bank of Canada FI boosted its stake in shares of J. M. Smucker by 797.4% during the third quarter. National Bank of Canada FI now owns 1,401,173 shares of the company’s stock valued at $152,167,000 after acquiring an additional 1,245,035 shares during the last quarter. Capitolis Liquid Global Markets LLC acquired a new stake in shares of J. M. Smucker during the 3rd quarter worth about $112,944,000. Finally, Norges Bank purchased a new stake in J. M. Smucker in the 4th quarter worth approximately $92,960,000. Institutional investors and hedge funds own 81.66% of the company’s stock.

J. M. Smucker Stock Performance

The company has a debt-to-equity ratio of 1.31, a current ratio of 0.84 and a quick ratio of 0.35. The firm has a market cap of $12.07 billion, a PE ratio of -9.63, a P/E/G ratio of 6.99 and a beta of 0.27. The stock has a 50-day moving average price of $98.03 and a 200 day moving average price of $101.68.

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.