J. M. Smucker (NYSE:SJM) Upgraded at Wall Street Zen

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

SJM has been the subject of a number of other research reports. BTIG Research set a $130.00 price objective on shares of J. M. Smucker in a report on Wednesday, June 10th. Barclays raised their price target on shares of J. M. Smucker from $103.00 to $125.00 and gave the company an “equal weight” rating in a research report on Thursday, June 11th. Weiss Ratings upgraded shares of J. M. Smucker from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, July 23rd. Wells Fargo & Company set a $115.00 price objective on J. M. Smucker in a research report on Wednesday, June 10th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and set a $137.00 price objective on shares of J. M. Smucker in a research report on Wednesday, June 10th. Nine analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, J. M. Smucker currently has an average rating of “Moderate Buy” and an average price target of $121.67.

J. M. Smucker Price Performance

SJM opened at $118.09 on Friday. The stock’s 50-day moving average price is $113.81 and its 200 day moving average price is $106.32. J. M. Smucker has a 12-month low of $88.25 and a 12-month high of $127.64. The firm has a market cap of $12.60 billion, a price-to-earnings ratio of -90.84, a PEG ratio of 1.68 and a beta of 0.25. The company has a current ratio of 0.78, a quick ratio of 0.33 and a debt-to-equity ratio of 1.15.

J. M. Smucker (NYSE:SJM) last released its earnings results on Tuesday, June 9th. The company reported $2.77 earnings per share for the quarter, beating the consensus estimate of $2.64 by $0.13. The company had revenue of $2.27 billion during the quarter, compared to the consensus estimate 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 revenue was up 5.8% compared to the same quarter last year. During the same period in the previous year, the company posted $2.31 EPS. J. M. Smucker has set its FY 2027 guidance at 9.750-10.250 EPS. As a group, sell-side analysts expect that J. M. Smucker will post 9.95 earnings per share for the current year.

J. M. Smucker Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Friday, August 14th will be issued a dividend of $1.12 per share. This is a boost from J. M. Smucker’s previous quarterly dividend of $1.10. The ex-dividend date is Friday, August 14th. This represents a $4.48 annualized dividend and a yield of 3.8%. J. M. Smucker’s dividend payout ratio (DPR) is presently -338.46%.

Insiders Place Their Bets

In other news, insider Jeannette L. Knudsen sold 5,550 shares of J. M. Smucker stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $116.29, for a total transaction of $645,409.50. Following the completion of the sale, the insider directly owned 16,039 shares of the company’s stock, valued at approximately $1,865,175.31. The trade was a 25.71% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jill R. Penrose sold 5,000 shares of the business’s stock in a transaction on Monday, June 29th. The stock was sold at an average price of $116.69, for a total transaction of $583,450.00. Following the transaction, the insider owned 15,795 shares of the company’s stock, valued at approximately $1,843,118.55. The trade was a 24.04% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 18,533 shares of company stock worth $2,132,914 in the last 90 days. Corporate insiders own 2.80% of the company’s stock.

Institutional Trading of J. M. Smucker

Institutional investors have recently bought and sold shares of the business. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of J. M. Smucker by 4.7% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 271,304 shares of the company’s stock valued at $26,216,000 after purchasing an additional 12,220 shares during the period. Hudson Edge Investment Partners Inc. increased its position in J. M. Smucker by 20.9% during the fourth quarter. Hudson Edge Investment Partners Inc. now owns 72,437 shares of the company’s stock worth $7,085,000 after buying an additional 12,540 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in J. M. Smucker by 130.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 184,104 shares of the company’s stock worth $18,007,000 after buying an additional 104,299 shares during the period. Swedbank AB lifted its stake in J. M. Smucker by 17.8% in the fourth quarter. Swedbank AB now owns 180,595 shares of the company’s stock valued at $17,664,000 after buying an additional 27,272 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its stake in J. M. Smucker by 60.3% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 157,532 shares of the company’s stock valued at $15,408,000 after buying an additional 59,260 shares during the last quarter. 81.66% of the stock is owned by hedge funds and other institutional investors.

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.