The J. M. Smucker Company (NYSE:SJM) Stock Has Consensus Price Target of $136.25

The J. M. Smucker Company (NYSE:SJM) has received an average recommendation of “Moderate Buy” from the seventeen brokerages that are covering the company, Marketbeat.com reports. Seven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $135.94.

Several analysts have recently weighed in on SJM shares. Stifel Nicolaus set a $132.00 target price on J. M. Smucker in a research report on Thursday, August 27th. Weiss Ratings raised shares of J. M. Smucker from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, August 26th. Wall Street Zen upgraded shares of J. M. Smucker from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Jefferies Financial Group raised their price target on shares of J. M. Smucker from $129.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, August 19th. Finally, UBS Group raised their price target on shares of J. M. Smucker from $130.00 to $142.00 and gave the stock a “buy” rating in a research note on Thursday, August 20th.

Insider Activity

In other news, insider Robert D. Ferguson sold 2,522 shares of the firm’s stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $132.41, for a total transaction of $333,938.02. Following the transaction, the insider directly owned 36,295 shares of the company’s stock, valued at approximately $4,805,820.95. This trade represents a 6.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 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 completion of the sale, the chief financial officer owned 38,699 shares of the company’s stock, valued at $5,110,202.95. The trade was a 32.32% decrease in their position. The disclosure for this sale is available in the SEC filing. 2.80% of the stock is owned by insiders.

Institutional Trading of J. M. Smucker

Several institutional investors and hedge funds have recently made changes to their positions in the company. Royal Bank of Canada lifted its position in shares of J. M. Smucker by 36.3% in the 1st quarter. Royal Bank of Canada now owns 168,591 shares of the company’s stock worth $16,258,000 after purchasing an additional 44,935 shares during the period. Janus Henderson Group PLC boosted its holdings in J. M. Smucker by 165.5% in the first quarter. Janus Henderson Group PLC now owns 47,117 shares of the company’s stock worth $4,545,000 after acquiring an additional 29,373 shares in the last quarter. Castleark Management LLC acquired a new stake in shares of J. M. Smucker during the first quarter worth $5,746,000. Delta Global Management LP acquired a new stake in shares of J. M. Smucker during the first quarter worth about $1,951,000. Finally, Y Intercept Hong Kong Ltd acquired a new position in J. M. Smucker during the first quarter valued at $4,071,000. 81.66% of the stock is currently owned by institutional investors.

J. M. Smucker Trading Up 1.0%

Shares of NYSE SJM opened at $127.24 on Wednesday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.35 and a current ratio of 0.87. The business’s 50 day moving average price is $122.61 and its 200-day moving average price is $111.90. J. M. Smucker has a fifty-two week low of $88.25 and a fifty-two week high of $135.89. The company has a market cap of $13.59 billion, a price-to-earnings ratio of 59.46, a PEG ratio of 1.70 and a beta of 0.28.

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

J. M. Smucker Company Profile

The J. M. Smucker Company (NYSE:SJM) is a food and beverage company headquartered in Orrville, Ohio. Founded in 1897 by Jerome Monroe Smucker, the company began as a producer of apple butter and has expanded into a diversified portfolio of branded consumer products.

Smucker’s products include coffee, pet food and treats, fruit spreads, peanut butter, baking ingredients, and sweet baked snacks. Its well-known brands include Folgers, Café Bustelo, Dunkin’ packaged coffee, Jif, Smucker’s, Milk-Bone, Meow Mix, Kibbles ‘n Bits, 9Lives, Natural Balance, Hostess and Little Debbie snack products in select categories.