J. M. Smucker (NYSE:SJM) Lowered to “Hold” Rating by Wall Street Zen

Wall Street Zen cut shares of J. M. Smucker (NYSE:SJM) from a buy rating to a hold rating in a report published on Saturday.

Several other equities analysts have also commented on SJM. Weiss Ratings raised shares of J. M. Smucker from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday. Bank of America upped their price target on shares of J. M. Smucker from $130.00 to $132.00 and gave the stock a “buy” rating in a report on Wednesday, June 10th. Evercore reiterated an “outperform” rating and set a $125.00 price target on shares of J. M. Smucker in a research report on Thursday. TD Cowen lifted their price objective on shares of J. M. Smucker from $103.00 to $115.00 and gave the company a “hold” rating in a research note on Wednesday, June 10th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of J. M. Smucker from $120.00 to $125.00 and gave the company an “overweight” rating in a research report on Wednesday, June 10th. Nine research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $121.67.

J. M. Smucker Stock Performance

NYSE:SJM opened at $118.31 on Friday. The stock has a fifty day moving average price of $109.88 and a 200-day moving average price of $104.71. The company has a market cap of $12.62 billion, a price-to-earnings ratio of -91.01, a PEG ratio of 1.65 and a beta of 0.26. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.33 and a current ratio of 0.78. J. M. Smucker has a fifty-two week low of $88.25 and a fifty-two week high of $119.39.

J. M. Smucker (NYSE:SJM) last released its earnings results on Tuesday, June 9th. The company reported $2.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.64 by $0.13. The company 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 17.18% and a negative net margin of 1.53%.J. M. Smucker’s quarterly revenue was up 5.8% on a year-over-year basis. During the same period in the prior year, the firm posted $2.31 EPS. J. M. Smucker has set its FY 2027 guidance at 9.750-10.250 EPS. As a group, equities analysts anticipate that J. M. Smucker will post 9.95 EPS for the current fiscal year.

J. M. Smucker Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, August 14th will be paid a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date is Friday, August 14th. This is an increase from J. M. Smucker’s previous quarterly dividend of $1.10. J. M. Smucker’s dividend payout ratio is -338.46%.

Insider Activity at J. M. Smucker

In related news, CFO Tucker H. Marshall sold 3,630 shares of the 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 $4,297,523.95. This represents a 8.58% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Jeannette L. Knudsen sold 4,353 shares of the stock in a transaction that occurred on Friday, June 26th. The shares were sold at an average price of $115.08, for a total transaction of $500,943.24. Following the completion of the transaction, the insider directly owned 16,835 shares of the company’s stock, valued at approximately $1,937,371.80. The trade was a 20.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 18,533 shares of company stock valued at $2,132,914. 2.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of SJM. UBS Group AG increased its stake in shares of J. M. Smucker by 238.7% in the fourth quarter. UBS Group AG now owns 3,924,282 shares of the company’s stock valued at $383,834,000 after buying an additional 2,765,559 shares during the period. Two Sigma Investments LP raised its holdings 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 during the last quarter. Norges Bank acquired a new stake in J. M. Smucker during the 4th quarter worth approximately $92,960,000. Dimensional Fund Advisors LP boosted its position in J. M. Smucker by 33.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,392,300 shares of the company’s stock worth $331,807,000 after buying an additional 850,943 shares during the period. Finally, AQR Capital Management LLC grew its holdings in J. M. Smucker by 339.1% during the 3rd quarter. AQR Capital Management LLC now owns 1,029,222 shares of the company’s stock worth $111,156,000 after acquiring an additional 794,851 shares during the last quarter. 81.66% of the stock is currently owned by institutional investors and hedge funds.

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.