J. M. Smucker (NYSE:SJM) Price Target Raised to $139.00

J. M. Smucker (NYSE:SJM) had its price target hoisted by JPMorgan Chase & Co. from $125.00 to $139.00 in a report released on Friday,Benzinga reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 15.25% from the stock’s current price.

SJM has been the subject of a number of other research reports. Wells Fargo & Company set a $115.00 price target on shares of J. M. Smucker in a report on Wednesday, June 10th. Bank of America upped their target price on J. M. Smucker from $130.00 to $132.00 and gave the company a “buy” rating in a research report on Wednesday, June 10th. Barclays lifted their price target on J. M. Smucker from $103.00 to $125.00 and gave the stock an “equal weight” rating in a research report on Thursday, June 11th. Evercore reiterated an “outperform” rating and set a $125.00 price target on shares of J. M. Smucker in a research note on Thursday, July 23rd. Finally, TD Cowen increased their price objective on J. M. Smucker from $103.00 to $115.00 and gave the company a “hold” rating in a report on Wednesday, June 10th. Nine equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $123.40.

J. M. Smucker Stock Down 0.0%

NYSE SJM traded down $0.02 during trading on Friday, hitting $120.61. The company’s stock had a trading volume of 157,754 shares, compared to its average volume of 1,837,605. J. M. Smucker has a fifty-two week low of $88.25 and a fifty-two week high of $127.64. The company has a market cap of $12.86 billion, a PE ratio of -92.81, a P/E/G ratio of 1.66 and a beta of 0.25. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.78 and a quick ratio of 0.33. The business’s 50 day simple moving average is $114.89 and its 200-day simple moving average is $106.68.

J. M. Smucker (NYSE:SJM) last announced its quarterly earnings data on Tuesday, June 9th. The company reported $2.77 EPS for the quarter, beating the consensus estimate of $2.64 by $0.13. The firm had revenue of $2.27 billion during the quarter, compared to analyst estimates of $2.26 billion. J. M. Smucker had a negative net margin of 1.53% and a positive return on equity of 17.18%. J. M. Smucker’s revenue was up 5.8% on a year-over-year basis. During the same period last year, the firm posted $2.31 EPS. J. M. Smucker has set its FY 2027 guidance at 9.750-10.250 EPS. On average, equities analysts anticipate that J. M. Smucker will post 9.95 EPS for the current fiscal year.

Insider Buying and Selling at J. M. Smucker

In other J. M. Smucker news, insider Jill R. Penrose sold 5,000 shares of the stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $116.69, for a total transaction of $583,450.00. Following the sale, the insider directly owned 15,795 shares of the company’s stock, valued at approximately $1,843,118.55. This trade represents a 24.04% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jeannette L. Knudsen sold 4,353 shares of J. M. Smucker stock in a transaction dated Friday, June 26th. The shares were sold at an average price of $115.08, for a total value of $500,943.24. Following the transaction, the insider owned 16,835 shares of the company’s stock, valued at $1,937,371.80. The trade was a 20.54% decrease in their position. The disclosure for this sale is available in the SEC filing. Over 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 Investors Weigh In On J. M. Smucker

Several hedge funds have recently bought and sold shares of SJM. Garton & Associates Financial Advisors LLC purchased a new position in shares of J. M. Smucker during the 4th quarter valued at approximately $25,000. CYBER HORNET ETFs LLC purchased a new stake in J. M. Smucker during the second quarter worth $27,000. MCF Advisors LLC boosted its holdings in J. M. Smucker by 68.1% during the fourth quarter. MCF Advisors LLC now owns 311 shares of the company’s stock worth $30,000 after buying an additional 126 shares in the last quarter. MUFG Securities EMEA plc acquired a new stake in J. M. Smucker during the second quarter valued at $31,000. Finally, Fideuram Asset Management Ireland dac acquired a new stake in J. M. Smucker during the fourth quarter valued at $32,000. Hedge funds and other institutional investors own 81.66% of the company’s stock.

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.