J. M. Smucker (NYSE:SJM) Shares Gap Up After Strong Earnings

The J. M. Smucker Company (NYSE:SJM)’s share price gapped up before the market opened on Thursday following a stronger than expected earnings report. The stock had previously closed at $106.60, but opened at $117.69. J. M. Smucker shares last traded at $113.60, with a volume of 1,324,568 shares trading hands.

The company reported $2.38 earnings per share for the quarter, beating analysts’ consensus estimates of $2.27 by $0.11. 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 $2.34 billion for the quarter, compared to the consensus estimate of $2.32 billion. During the same period last year, the firm posted $2.61 earnings per share. J. M. Smucker’s quarterly revenue was up 7.0% on a year-over-year basis.

J. M. Smucker Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Friday, February 13th will be issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend is Friday, February 13th. J. M. Smucker’s payout ratio is currently -39.22%.

Key Stories Impacting J. M. Smucker

Here are the key news stories impacting J. M. Smucker this week:

• Positive Sentiment: Elliott Management secured two board seats in a negotiated agreement, which investors typically view as a catalyst for operational and shareholder‑value initiatives. This governance resolution appears to have reassured markets and helped lift the stock. Smucker Shares Jump 12% After Elliott Secures Board Seats
• Positive Sentiment: Q3 fiscal 2026 results beat expectations: adjusted EPS $2.38 vs. $2.27 consensus and revenue $2.34B (up ~7% y/y), driven largely by pricing strength in the coffee business — evidence of resilient top-line performance despite cost headwinds. Smucker Q3 Earnings Beat Estimates, Sales Up 7% on Pricing Gains
• Positive Sentiment: The company expanded its board and announced two independent director appointments (Bruce Chung and David Singer) as part of the Elliott engagement — a concrete governance change that supports the settlement and continuity of the board refresh. The J.M. Smucker Co. Appoints Two New Independent Directors
• Positive Sentiment: Recent analyst moves (Bank of America upgrade; JPMorgan raised its price target) provide additional buy‑side validation and likely supported investor demand ahead of/after the print. Bank of America Upgrades J. M. Smucker (NYSE:SJM) to Buy JPMorgan Updates J.M. Smucker (SJM) Price Target
• Neutral Sentiment: Higher coffee prices boosted sales for the quarter, a positive near-term revenue driver, but that dynamic also ties Smucker’s results more to commodity price volatility. J.M. Smucker’s FQ3 sales perk up on higher coffee prices
• Negative Sentiment: The company trimmed its sales‑growth outlook for the year after a fire at a manufacturing facility, and rising input costs (green coffee, tariffs) pressured margins. Management flagged cost headwinds that caused y/y EPS decline despite the beat — a reminder of execution and margin risks. J.M. Smucker Adds Directors in Deal With Activist Firm Elliott JM Smucker Leans On Coffee Strength To Weather Tariff, Commodity Spike

Analyst Upgrades and Downgrades

SJM has been the topic of a number of research reports. JPMorgan Chase & Co. raised their price target on J. M. Smucker from $121.00 to $122.00 and gave the company an “overweight” rating in a research report on Monday. Citigroup reiterated a “hold” rating on shares of J. M. Smucker in a research report on Wednesday, November 26th. Canaccord Genuity Group raised J. M. Smucker to a “buy” rating in a report on Friday, January 16th. Sanford C. Bernstein upped their target price on J. M. Smucker from $110.00 to $113.00 and gave the stock a “market perform” rating in a research note on Wednesday, November 26th. Finally, UBS Group reduced their price target on shares of J. M. Smucker from $120.00 to $117.00 and set a “buy” rating on the stock in a research report on Wednesday, November 26th. Eight analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $116.36.

Hedge Funds Weigh In On J. M. Smucker

A number of large investors have recently bought and sold shares of SJM. UBS Group AG grew its holdings 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 purchasing an additional 2,765,559 shares during the last quarter. Two Sigma Investments LP raised its holdings in J. M. Smucker by 6,854.4% during the 3rd quarter. Two Sigma Investments LP now owns 1,527,962 shares of the company’s stock valued at $165,937,000 after buying an additional 1,505,991 shares during the last quarter. National Bank of Canada FI boosted its position in J. M. Smucker by 797.4% during the 3rd quarter. National Bank of Canada FI now owns 1,401,173 shares of the company’s stock valued at $152,167,000 after buying an additional 1,245,035 shares during the period. Norges Bank bought a new stake in J. M. Smucker in the 2nd quarter worth $112,829,000. Finally, Engineers Gate Manager LP purchased a new position in shares of J. M. Smucker in the second quarter valued at about $109,896,000. 81.66% of the stock is owned by hedge funds and other institutional investors.

J. M. Smucker Trading Up 8.7%

The company has a debt-to-equity ratio of 1.16, a current ratio of 0.89 and a quick ratio of 0.37. The firm’s 50 day moving average price is $103.75 and its 200 day moving average price is $105.39. The stock has a market capitalization of $12.37 billion, a P/E ratio of -10.33, a P/E/G ratio of 6.52 and a beta of 0.23.

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.