J. M. Smucker (NYSE:SJM) Releases Earnings Results

J. M. Smucker (NYSE:SJMGet Free Report) announced its quarterly earnings data on Thursday. The company reported $2.66 EPS for the quarter, beating analysts’ consensus estimates of $2.32 by $0.34, RTT News reports. J. M. Smucker had a net margin of 9.10% and a return on equity of 14.15%. The company had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.24 billion. During the same period in the prior year, the firm posted $2.64 EPS. The company’s quarterly revenue was down 1.3% compared to the same quarter last year. J. M. Smucker updated its FY 2025 guidance to 9.800-10.200 EPS and its FY25 guidance to $9.80-$10.20 EPS.

J. M. Smucker Stock Performance

Shares of SJM opened at $114.98 on Friday. The company has a 50-day simple moving average of $113.81 and a 200-day simple moving average of $120.68. The company has a quick ratio of 0.38, a current ratio of 0.52 and a debt-to-equity ratio of 0.88. The company has a market capitalization of $12.21 billion, a PE ratio of 16.15, a P/E/G ratio of 1.74 and a beta of 0.23. J. M. Smucker has a 52-week low of $106.32 and a 52-week high of $154.34.

J. M. Smucker Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Friday, May 17th were issued a $1.06 dividend. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $4.24 dividend on an annualized basis and a dividend yield of 3.69%. J. M. Smucker’s dividend payout ratio is presently 59.55%.

Insider Activity

In other news, insider Jeannette L. Knudsen sold 3,200 shares of the stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $124.77, for a total value of $399,264.00. Following the completion of the transaction, the insider now owns 8,946 shares in the company, valued at approximately $1,116,192.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.50% of the company’s stock.

Hedge Funds Weigh In On J. M. Smucker

Large investors have recently made changes to their positions in the stock. Wolverine Asset Management LLC increased its holdings in shares of J. M. Smucker by 300.0% in the 4th quarter. Wolverine Asset Management LLC now owns 200 shares of the company’s stock valued at $25,000 after purchasing an additional 150 shares in the last quarter. Advantage Trust Co purchased a new position in J. M. Smucker during the 4th quarter valued at about $25,000. Cooksen Wealth LLC purchased a new position in J. M. Smucker during the 4th quarter valued at about $33,000. Venturi Wealth Management LLC purchased a new position in J. M. Smucker during the 1st quarter valued at about $35,000. Finally, Valley National Advisers Inc. increased its holdings in J. M. Smucker by 2,266.7% during the 4th quarter. Valley National Advisers Inc. now owns 284 shares of the company’s stock valued at $35,000 after acquiring an additional 272 shares in the last quarter. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. StockNews.com cut shares of J. M. Smucker from a “hold” rating to a “sell” rating in a report on Monday, June 3rd. JPMorgan Chase & Co. upped their target price on shares of J. M. Smucker from $126.00 to $128.00 and gave the company a “neutral” rating in a report on Wednesday, February 28th. Citigroup increased their price target on shares of J. M. Smucker from $137.00 to $139.00 and gave the stock a “buy” rating in a research note on Friday. TD Cowen decreased their price target on shares of J. M. Smucker from $140.00 to $135.00 and set a “buy” rating for the company in a research note on Friday. Finally, Stifel Nicolaus upgraded shares of J. M. Smucker from a “hold” rating to a “buy” rating and set a $135.00 price target for the company in a research note on Wednesday, February 28th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $134.79.

Read Our Latest Stock Analysis on SJM

About J. M. Smucker

(Get Free Report)

The J. M. Smucker Company manufactures and markets branded food and beverage products worldwide. It operates in three segments: U.S. Retail Pet Foods, U.S. Retail Coffee, and U.S. Retail Consumer Foods. The company offers mainstream roast, ground, single serve, and premium coffee; peanut butter and specialty spreads; fruit spreads, toppings, and syrups; jelly products; nut mix products; shortening and oils; frozen sandwiches and snacks; pet food and pet snacks; and foodservice hot beverage, foodservice portion control, and flour products, as well as dog and cat food, frozen handheld products, juices and beverages, and baking mixes and ingredients.

See Also

Earnings History for J. M. Smucker (NYSE:SJM)

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