Bank of America Issues Positive Forecast for J. M. Smucker (NYSE:SJM) Stock Price

J. M. Smucker (NYSE:SJM) had its price target raised by Bank of America from $105.00 to $120.00 in a research report sent to investors on Tuesday,Benzinga reports. Bank of America currently has a neutral rating on the stock.

Other equities analysts have also recently issued research reports about the company. Barclays decreased their price objective on J. M. Smucker from $119.00 to $105.00 and set an “equal weight” rating for the company in a research note on Wednesday, June 11th. UBS Group decreased their price objective on J. M. Smucker from $134.00 to $129.00 and set a “buy” rating for the company in a research note on Friday, June 6th. BNP Paribas upgraded J. M. Smucker from a “strong sell” rating to a “strong-buy” rating in a research note on Wednesday, July 9th. Stifel Nicolaus lifted their price objective on J. M. Smucker from $106.00 to $110.00 and gave the company a “hold” rating in a research note on Tuesday, July 29th. Finally, Zacks Research raised J. M. Smucker to a “hold” rating in a research report on Monday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, J. M. Smucker presently has a consensus rating of “Moderate Buy” and an average price target of $118.83.

J. M. Smucker Stock Performance

Shares of J. M. Smucker stock opened at $112.1310 on Tuesday. The business has a 50-day moving average of $104.67 and a 200 day moving average of $109.26. J. M. Smucker has a 12 month low of $93.30 and a 12 month high of $125.42. The stock has a market capitalization of $11.94 billion, a price-to-earnings ratio of -9.70, a price-to-earnings-growth ratio of 8.89 and a beta of 0.31. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.81 and a quick ratio of 0.35.

J. M. Smucker (NYSE:SJM) last announced its earnings results on Tuesday, June 10th. The company reported $2.31 EPS for the quarter, beating analysts’ consensus estimates of $2.25 by $0.06. J. M. Smucker had a positive return on equity of 15.20% and a negative net margin of 14.10%.The company had revenue of $2.14 billion during the quarter, compared to analysts’ expectations of $2.18 billion. During the same period last year, the business posted $2.66 EPS. J. M. Smucker’s revenue for the quarter was down 2.8% on a year-over-year basis. J. M. Smucker has set its FY 2026 guidance at 8.500-9.500 EPS. As a group, sell-side analysts forecast that J. M. Smucker will post 9.88 earnings per share for the current year.

J. M. Smucker Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th will be given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 3.9%. This is a positive change from J. M. Smucker’s previous quarterly dividend of $1.08. The ex-dividend date of this dividend is Friday, August 15th. J. M. Smucker’s dividend payout ratio is presently -38.06%.

Insider Buying and Selling

In other news, Director Tarang Amin purchased 1,050 shares of the business’s stock in a transaction on Thursday, June 12th. The shares were bought at an average price of $96.09 per share, with a total value of $100,894.50. Following the completion of the transaction, the director directly owned 3,825 shares in the company, valued at approximately $367,544.25. This represents a 37.84% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.24% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Advisory Services Network LLC acquired a new position in J. M. Smucker during the second quarter worth approximately $1,038,000. Anchor Investment Management LLC increased its position in J. M. Smucker by 4.7% during the second quarter. Anchor Investment Management LLC now owns 17,831 shares of the company’s stock worth $1,751,000 after buying an additional 794 shares during the period. Hudson Bay Capital Management LP increased its position in J. M. Smucker by 306.7% during the second quarter. Hudson Bay Capital Management LP now owns 85,886 shares of the company’s stock worth $8,434,000 after buying an additional 64,766 shares during the period. Nomura Holdings Inc. increased its position in J. M. Smucker by 176.7% during the second quarter. Nomura Holdings Inc. now owns 9,263 shares of the company’s stock worth $910,000 after buying an additional 5,915 shares during the period. Finally, Geneos Wealth Management Inc. increased its position in J. M. Smucker by 61.2% during the second quarter. Geneos Wealth Management Inc. now owns 2,221 shares of the company’s stock worth $218,000 after buying an additional 843 shares during the period. Institutional investors and hedge funds own 81.66% of the company’s stock.

About J. M. Smucker

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.