J. M. Smucker (NYSE:SJM) Given New $120.00 Price Target at DA Davidson

J. M. Smucker (NYSE:SJM - Get Free Report) had its price target lowered by stock analysts at DA Davidson from $122.00 to $120.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a "neutral" rating on the stock. DA Davidson's price target suggests a potential upside of 7.45% from the stock's current price. DA Davidson also issued estimates for J. M. Smucker's Q4 2025 earnings at $2.20 EPS, FY2025 earnings at $10.00 EPS and FY2026 earnings at $10.32 EPS.

A number of other brokerages have also recently issued reports on SJM. Stifel Nicolaus reduced their price objective on J. M. Smucker from $125.00 to $120.00 and set a "hold" rating for the company in a report on Friday, January 24th. StockNews.com cut J. M. Smucker from a "hold" rating to a "sell" rating in a report on Monday, March 3rd. Wells Fargo & Company boosted their price objective on J. M. Smucker from $130.00 to $135.00 and gave the stock an "overweight" rating in a report on Wednesday, November 27th. TD Cowen cut J. M. Smucker from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $130.00 to $121.00 in a report on Wednesday, January 8th. Finally, Barclays reduced their price objective on J. M. Smucker from $123.00 to $119.00 and set an "equal weight" rating for the company in a report on Monday, March 3rd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $126.00.

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J. M. Smucker Stock Performance

J. M. Smucker stock traded up $0.65 during midday trading on Tuesday, reaching $111.68. 1,300,658 shares of the company's stock were exchanged, compared to its average volume of 1,124,531. J. M. Smucker has a 52 week low of $98.77 and a 52 week high of $127.59. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.27 and a current ratio of 0.58. The firm has a market cap of $11.88 billion, a price-to-earnings ratio of 22.61, a P/E/G ratio of 3.91 and a beta of 0.28. The stock's 50-day simple moving average is $106.52 and its 200 day simple moving average is $112.72.

J. M. Smucker (NYSE:SJM - Get Free Report) last posted its quarterly earnings results on Thursday, February 27th. The company reported $2.61 EPS for the quarter, topping analysts' consensus estimates of $2.37 by $0.24. J. M. Smucker had a return on equity of 14.35% and a net margin of 5.96%. The business had revenue of $2.19 billion during the quarter, compared to analysts' expectations of $2.23 billion. On average, analysts expect that J. M. Smucker will post 9.88 earnings per share for the current fiscal year.

Insider Activity at J. M. Smucker

In related news, CFO Tucker H. Marshall sold 994 shares of the business's stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $113.00, for a total value of $112,322.00. Following the completion of the sale, the chief financial officer now directly owns 18,734 shares in the company, valued at approximately $2,116,942. The trade was a 5.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. 3.40% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in SJM. Norges Bank acquired a new position in J. M. Smucker during the fourth quarter valued at approximately $112,978,000. FMR LLC lifted its stake in shares of J. M. Smucker by 40.0% in the 3rd quarter. FMR LLC now owns 3,353,996 shares of the company's stock valued at $406,169,000 after acquiring an additional 958,142 shares during the last quarter. LSV Asset Management boosted its holdings in shares of J. M. Smucker by 3,599.5% during the 4th quarter. LSV Asset Management now owns 929,400 shares of the company's stock valued at $102,346,000 after acquiring an additional 904,278 shares in the last quarter. State Street Corp grew its position in J. M. Smucker by 12.0% during the 3rd quarter. State Street Corp now owns 7,111,023 shares of the company's stock worth $861,145,000 after acquiring an additional 762,746 shares during the last quarter. Finally, Thrivent Financial for Lutherans increased its holdings in J. M. Smucker by 891.3% in the 3rd quarter. Thrivent Financial for Lutherans now owns 579,903 shares of the company's stock worth $70,226,000 after purchasing an additional 521,404 shares in the last quarter. 81.66% of the stock is currently owned by institutional investors and hedge funds.

J. M. Smucker Company Profile

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.