Brokerages Set The J. M. Smucker Company (NYSE:SJM) Price Target at $136.25

Shares of The J. M. Smucker Company (NYSE:SJM) have been assigned a consensus recommendation of “Moderate Buy” from the seventeen ratings firms that are presently covering the firm, Marketbeat reports. Seven research analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $136.25.

A number of equities analysts recently weighed in on the stock. Stifel Nicolaus set a $132.00 target price on shares of J. M. Smucker in a research note on Thursday, August 27th. BTIG Research reaffirmed a “buy” rating on shares of J. M. Smucker in a research report on Wednesday, August 26th. HC Wainwright set a $123.00 price target on J. M. Smucker in a report on Wednesday, August 19th. UBS Group increased their price target on J. M. Smucker from $130.00 to $142.00 and gave the stock a “buy” rating in a report on Thursday, August 20th. Finally, JPMorgan Chase & Co. lifted their price objective on J. M. Smucker from $125.00 to $139.00 and gave the stock an “overweight” rating in a research report on Friday, August 14th.

Insiders Place Their Bets

In other J. M. Smucker news, insider Jill R. Penrose sold 5,000 shares of the stock in a transaction that occurred on Monday, June 29th. The stock was 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 in the company, valued at approximately $1,843,118.55. This represents a 24.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Tucker H. Marshall sold 18,482 shares of the business’s stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $132.05, for a total value of $2,440,548.10. Following the sale, the chief financial officer owned 38,699 shares of the company’s stock, valued at approximately $5,110,202.95. This represents a 32.32% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 33,987 shares of company stock valued at $4,261,991 in the last ninety days. 2.80% of the stock is owned by corporate insiders.

Institutional Trading of J. M. Smucker

Hedge funds have recently bought and sold shares of the business. Norges Bank bought a new position in J. M. Smucker during the fourth quarter worth about $92,960,000. Bank of New York Mellon Corp bought a new stake in shares of J. M. Smucker in the second quarter valued at approximately $103,113,000. Bessemer Group Inc. lifted its stake in shares of J. M. Smucker by 22,662.1% during the 1st quarter. Bessemer Group Inc. now owns 726,112 shares of the company’s stock valued at $70,025,000 after buying an additional 722,922 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of J. M. Smucker by 15.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,920,718 shares of the company’s stock valued at $378,102,000 after buying an additional 528,418 shares in the last quarter. Finally, Bank of Nova Scotia boosted its holdings in J. M. Smucker by 2,317.8% in the 1st quarter. Bank of Nova Scotia now owns 404,328 shares of the company’s stock worth $38,993,000 after buying an additional 387,605 shares during the period. Institutional investors and hedge funds own 81.66% of the company’s stock.

J. M. Smucker Price Performance

Shares of NYSE:SJM opened at $119.67 on Friday. The firm has a market cap of $12.78 billion, a PE ratio of 55.92, a price-to-earnings-growth ratio of 1.58 and a beta of 0.27. J. M. Smucker has a 52 week low of $88.25 and a 52 week high of $135.89. The firm’s fifty day moving average is $121.58 and its 200-day moving average is $109.73. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.35 and a current ratio of 0.87.

J. M. Smucker (NYSE:SJM) last announced its earnings results on Wednesday, August 26th. The company reported $3.24 EPS for the quarter, topping the consensus estimate of $2.22 by $1.02. The firm had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.13 billion. J. M. Smucker had a return on equity of 19.85% and a net margin of 2.51%.The business’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.90 EPS. J. M. Smucker has set its FY 2027 guidance at 10.500-11.000 EPS. Sell-side analysts predict that J. M. Smucker will post 10.71 earnings per share for the current year.

J. M. Smucker Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Friday, August 14th were issued a $1.12 dividend. The ex-dividend date was Friday, August 14th. This is an increase from J. M. Smucker’s previous quarterly dividend of $1.10. This represents a $4.48 dividend on an annualized basis and a yield of 3.7%. J. M. Smucker’s dividend payout ratio is presently 209.35%.

About J. M. Smucker

The J. M. Smucker Company is a food and beverage manufacturer headquartered in Orrville, Ohio. Founded in 1897 by Jerome Monroe Smucker, the company began with apple butter and has expanded into a diversified portfolio of branded consumer products sold primarily through retail and foodservice channels.

Its offerings include coffee products under brands such as Folgers, Café Bustelo and Dunkin’ packaged coffee; fruit spreads and related products under the Smucker’s brand; peanut butter and other foods under Jif; and frozen handheld snacks under the Uncrustables brand.