TD Cowen Cuts J. M. Smucker (NYSE:SJM) Price Target to $105.00

J. M. Smucker (NYSE:SJM) had its price objective decreased by TD Cowen from $111.00 to $105.00 in a report published on Thursday morning,Benzinga reports. TD Cowen currently has a hold rating on the stock.

Other equities analysts also recently issued research reports about the company. Argus downgraded J. M. Smucker from a “buy” rating to a “hold” rating in a research report on Friday, September 12th. Sanford C. Bernstein lifted their price objective on J. M. Smucker from $110.00 to $113.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 26th. Stifel Nicolaus cut their target price on shares of J. M. Smucker from $115.00 to $110.00 and set a “hold” rating for the company in a research note on Wednesday, November 26th. Citigroup restated a “hold” rating on shares of J. M. Smucker in a report on Wednesday, November 26th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of J. M. Smucker in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $115.64.

J. M. Smucker Price Performance

J. M. Smucker stock opened at $100.50 on Thursday. The firm has a market capitalization of $10.72 billion, a PE ratio of -8.96, a P/E/G ratio of 6.84 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 $101.74 and its 200 day simple moving average is $105.22. The company has a quick ratio of 0.37, a current ratio of 0.89 and a debt-to-equity ratio of 1.16.

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

J. M. Smucker Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Friday, November 14th were given a $1.10 dividend. The ex-dividend date of this dividend was Friday, November 14th. This represents a $4.40 annualized dividend and a dividend yield of 4.4%. J. M. Smucker’s dividend payout ratio (DPR) is currently -39.22%.

Hedge Funds Weigh In On J. M. Smucker

Institutional investors and hedge funds have recently bought and sold shares of the stock. Nova Wealth Management Inc. purchased a new stake in shares of J. M. Smucker during the 2nd quarter valued at $25,000. AlphaQuest LLC acquired a new position in J. M. Smucker in the second quarter valued at $26,000. Bank of Jackson Hole Trust grew its position in J. M. Smucker by 104.5% during the second quarter. Bank of Jackson Hole Trust now owns 274 shares of the company’s stock valued at $27,000 after acquiring an additional 140 shares during the period. CYBER HORNET ETFs LLC purchased a new stake in J. M. Smucker during the second quarter valued at about $27,000. Finally, Elevation Point Wealth Partners LLC acquired a new stake in J. M. Smucker during the second quarter worth about $28,000. Institutional investors and hedge funds 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.