J. M. Smucker (NYSE:SJM) Price Target Raised to $122.00

J. M. Smucker (NYSE:SJM) had its price target boosted by equities researchers at JPMorgan Chase & Co. from $121.00 to $122.00 in a note issued to investors on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 10.23% from the company’s previous close.

Several other analysts have also commented on the company. Sanford C. Bernstein increased their price objective on J. M. Smucker from $110.00 to $113.00 and gave the company a “market perform” rating in a report on Wednesday, November 26th. Weiss Ratings restated a “sell (d)” rating on shares of J. M. Smucker in a report on Wednesday, January 21st. Stifel Nicolaus decreased their price objective on shares of J. M. Smucker from $115.00 to $110.00 and set a “hold” rating for the company in a research report on Wednesday, November 26th. Citigroup reiterated a “hold” rating on shares of J. M. Smucker in a research note on Wednesday, November 26th. Finally, Morgan Stanley restated an “equal weight” rating and set a $105.00 price target (down previously from $115.00) on shares of J. M. Smucker in a research note on Friday, January 16th. Eight research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, J. M. Smucker presently has an average rating of “Hold” and a consensus price target of $116.36.

J. M. Smucker Stock Up 0.3%

Shares of NYSE:SJM traded up $0.30 on Monday, reaching $110.68. The company had a trading volume of 904,690 shares, compared to its average volume of 1,631,961. The company has a current ratio of 0.89, a quick ratio of 0.37 and a debt-to-equity ratio of 1.16. The firm has a market capitalization of $11.81 billion, a PE ratio of -9.87, a PEG ratio of 6.74 and a beta of 0.23. J. M. Smucker has a 52-week low of $93.30 and a 52-week high of $121.48. The firm’s 50 day simple moving average is $102.95 and its 200-day simple moving average is $105.32.

J. M. Smucker (NYSE:SJM) last released its quarterly earnings results on Tuesday, November 25th. The company reported $2.10 EPS for the quarter, missing the consensus estimate of $2.12 by ($0.02). The firm had revenue of $2.33 billion for the quarter, compared to analysts’ expectations of $2.32 billion. J. M. Smucker had a negative net margin of 13.61% and a positive return on equity of 15.26%. The business’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same period in the previous year, the company posted $2.76 earnings per share. J. M. Smucker has set its FY 2026 guidance at 8.750-9.250 EPS. As a group, analysts expect that J. M. Smucker will post 9.88 earnings per share for the current fiscal year.

Institutional Investors Weigh In On J. M. Smucker

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SJM. UBS Group AG boosted 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 worth $383,834,000 after buying an additional 2,765,559 shares during the last quarter. Two Sigma Investments LP lifted its holdings in J. M. Smucker by 6,854.4% in the third quarter. Two Sigma Investments LP now owns 1,527,962 shares of the company’s stock valued at $165,937,000 after acquiring an additional 1,505,991 shares during the period. National Bank of Canada FI boosted its position in J. M. Smucker by 797.4% in the 3rd quarter. National Bank of Canada FI now owns 1,401,173 shares of the company’s stock worth $152,167,000 after purchasing an additional 1,245,035 shares in the last quarter. Norges Bank acquired a new stake in shares of J. M. Smucker during the 2nd quarter worth approximately $112,829,000. Finally, Engineers Gate Manager LP acquired a new stake in shares of J. M. Smucker during the 2nd quarter worth approximately $109,896,000. 81.66% of the stock is owned by institutional investors and hedge funds.

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.