J. M. Smucker (NYSE:SJM) Sets New 52-Week High – Here’s Why

The J. M. Smucker Company (NYSE:SJM) reached a new 52-week high on Thursday. The company traded as high as $136.22 and last traded at $133.3910, with a volume of 486,029 shares changing hands. The stock had previously closed at $132.43.

Analyst Ratings Changes

Several brokerages recently issued reports on SJM. Weiss Ratings raised J. M. Smucker from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, August 26th. BNP Paribas Exane upped their price target on J. M. Smucker from $130.00 to $145.00 and gave the company an “outperform” rating in a research report on Thursday, August 27th. JPMorgan Chase & Co. increased their price target on J. M. Smucker from $125.00 to $139.00 and gave the company an “overweight” rating in a research note on Friday, August 14th. Evercore raised their price objective on J. M. Smucker from $120.00 to $150.00 in a research report on Thursday, October 8th. Finally, Deutsche Bank Aktiengesellschaft set a $125.00 price objective on J. M. Smucker in a research note on Thursday, August 27th. Eleven investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, J. M. Smucker currently has a consensus rating of “Moderate Buy” and a consensus price target of $136.00.

J. M. Smucker Price Performance

The business’s 50 day moving average is $124.54 and its two-hundred day moving average is $111.65. The firm has a market cap of $14.26 billion, a P/E ratio of 62.16, a P/E/G ratio of 1.72 and a beta of 0.26. The company has a quick ratio of 0.35, a current ratio of 0.87 and a debt-to-equity ratio of 1.11.

J. M. Smucker (NYSE:SJM) last released its earnings results on Wednesday, August 26th. The company reported $3.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.22 by $1.02. J. M. Smucker had a net margin of 2.51% and a return on equity of 19.85%. The business had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.13 billion. During the same quarter in the previous year, the business earned $1.90 earnings per share. J. M. Smucker’s revenue for the quarter was up 5.0% on a year-over-year basis. J. M. Smucker has set its FY 2027 guidance at 10.500-11.000 EPS. As a group, analysts anticipate that The J. M. Smucker Company will post 10.71 earnings per share for the current year.

J. M. Smucker Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Friday, November 13th will be given a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Friday, November 13th. J. M. Smucker’s dividend payout ratio is 209.35%.

Insider Activity

In other news, insider Robert D. Ferguson sold 2,522 shares of the business’s stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $132.41, for a total transaction of $333,938.02. Following the completion of the sale, the insider owned 36,295 shares in the company, valued at $4,805,820.95. The trade was a 6.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Tucker H. Marshall sold 18,482 shares of the company’s stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $132.05, for a total value of $2,440,548.10. Following the transaction, the chief financial officer directly owned 38,699 shares in the company, valued at $5,110,202.95. The trade was a 32.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 2.80% of the company’s stock.

Institutional Trading of J. M. Smucker

Hedge funds have recently bought and sold shares of the business. Archer Investment Corp purchased a new stake in shares of J. M. Smucker during the 2nd quarter worth approximately $25,000. Farmers & Merchants Investments Inc. raised its holdings in shares of J. M. Smucker by 246.6% in the 3rd quarter. Farmers & Merchants Investments Inc. now owns 253 shares of the company’s stock worth $30,000 after purchasing an additional 180 shares during the period. Richardson Financial Services Inc. lifted its stake in J. M. Smucker by 206.7% in the third quarter. Richardson Financial Services Inc. now owns 276 shares of the company’s stock valued at $33,000 after purchasing an additional 186 shares during the last quarter. USA Financial Formulas purchased a new position in J. M. Smucker in the third quarter valued at approximately $37,000. Finally, EverSource Wealth Advisors LLC grew its holdings in J. M. Smucker by 89.5% during the first quarter. EverSource Wealth Advisors LLC now owns 523 shares of the company’s stock valued at $50,000 after purchasing an additional 247 shares during the period. Institutional investors and hedge funds own 81.66% of the company’s stock.

J. M. Smucker Company Profile

The J. M. Smucker Company, founded in 1897 by Jerome Monroe Smucker in Orrville, Ohio, is a food and beverage company serving consumers primarily in the United States and Canada. The company sells branded products through grocery retailers, club stores, e-commerce channels, foodservice distributors and other outlets.

Its portfolio includes coffee brands such as Folgers, Dunkin’ and Café Bustelo; fruit spreads and toppings sold under the Smucker’s name; and peanut butter and related products under the Jif brand.