J. M. Smucker (NYSE:SJM) Announces Quarterly Earnings Results

J. M. Smucker (NYSE:SJM) posted its quarterly earnings results on Wednesday. The company reported $2.44 earnings per share for the quarter, beating the consensus estimate of $2.17 by $0.27, RTT News reports. J. M. Smucker had a net margin of 9.10% and a return on equity of 14.15%. The firm had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.13 billion. During the same period in the previous year, the firm posted $2.21 earnings per share. The business’s revenue was up 17.7% compared to the same quarter last year. J. M. Smucker updated its FY 2025 guidance to 9.600-10.000 EPS and its FY25 guidance to $9.60-10.00 EPS.

J. M. Smucker Stock Performance

Shares of SJM stock opened at $113.79 on Friday. The firm has a market cap of $12.08 billion, a price-to-earnings ratio of 15.98, a P/E/G ratio of 2.42 and a beta of 0.25. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.25 and a current ratio of 0.52. J. M. Smucker has a 52 week low of $105.69 and a 52 week high of $146.29. The firm’s 50-day simple moving average is $115.92 and its two-hundred day simple moving average is $116.80.

J. M. Smucker Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Friday, August 16th will be given a $1.08 dividend. This is a positive change from J. M. Smucker’s previous quarterly dividend of $1.06. The ex-dividend date of this dividend is Friday, August 16th. This represents a $4.32 annualized dividend and a yield of 3.80%. J. M. Smucker’s payout ratio is currently 60.67%.

Insiders Place Their Bets

In other J. M. Smucker news, CEO Mark T. Smucker sold 10,000 shares of J. M. Smucker stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $110.16, for a total value of $1,101,600.00. Following the sale, the chief executive officer now owns 78,757 shares of the company’s stock, valued at $8,675,871.12. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 3.40% of the company’s stock.

Institutional Trading of J. M. Smucker

Several hedge funds and other institutional investors have recently modified their holdings of the business. Sound View Wealth Advisors Group LLC raised its position in shares of J. M. Smucker by 1.6% in the fourth quarter. Sound View Wealth Advisors Group LLC now owns 5,281 shares of the company’s stock valued at $667,000 after purchasing an additional 81 shares during the period. Tradition Wealth Management LLC raised its position in shares of J. M. Smucker by 7.3% in the fourth quarter. Tradition Wealth Management LLC now owns 1,217 shares of the company’s stock valued at $154,000 after purchasing an additional 83 shares during the period. Czech National Bank raised its position in shares of J. M. Smucker by 0.5% in the first quarter. Czech National Bank now owns 18,676 shares of the company’s stock valued at $2,351,000 after purchasing an additional 88 shares during the period. Resonant Capital Advisors LLC raised its position in shares of J. M. Smucker by 0.7% in the first quarter. Resonant Capital Advisors LLC now owns 14,328 shares of the company’s stock valued at $1,803,000 after purchasing an additional 93 shares during the period. Finally, First National Trust Co increased its holdings in J. M. Smucker by 4.9% during the 4th quarter. First National Trust Co now owns 2,110 shares of the company’s stock worth $267,000 after acquiring an additional 99 shares during the period. Institutional investors own 81.66% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on SJM. TD Cowen reduced their price objective on shares of J. M. Smucker from $135.00 to $132.00 and set a “buy” rating for the company in a report on Thursday. Barclays reduced their price objective on shares of J. M. Smucker from $132.00 to $123.00 and set an “equal weight” rating for the company in a report on Monday, June 10th. Bank of America cut their price target on shares of J. M. Smucker from $130.00 to $122.00 and set a “neutral” rating on the stock in a report on Thursday. DA Davidson restated a “neutral” rating and set a $121.00 price target on shares of J. M. Smucker in a report on Thursday. Finally, Wells Fargo & Company cut their price target on shares of J. M. Smucker from $140.00 to $130.00 and set an “overweight” rating on the stock in a report on Thursday. Nine investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $129.46.

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.