J. M. Smucker (NYSE:SJM) Announces Earnings Results, Beats Expectations By $0.27 EPS

J. M. Smucker (NYSE:SJM) posted its quarterly earnings data on Wednesday. The company reported $2.44 earnings per share for the quarter, topping the consensus estimate of $2.17 by $0.27, RTT News reports. J. M. Smucker had a return on equity of 14.15% and a net margin of 9.10%. The business had revenue of $2.13 billion for the quarter, compared to analysts’ expectations of $2.13 billion. During the same quarter in the previous year, the firm earned $2.21 earnings per share. The business’s revenue was up 17.7% on a year-over-year basis. 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 Trading Up 0.8 %

Shares of SJM opened at $114.68 on Friday. J. M. Smucker has a twelve month low of $105.69 and a twelve month high of $146.29. The stock has a market cap of $12.18 billion, a PE ratio of 16.11, a P/E/G ratio of 2.42 and a beta of 0.25. The company has a quick ratio of 0.25, a current ratio of 0.52 and a debt-to-equity ratio of 0.88. The business’s 50-day moving average price is $116.04 and its 200-day moving average price is $116.69.

J. M. Smucker Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Friday, August 16th will be paid a $1.08 dividend. The ex-dividend date is Friday, August 16th. This represents a $4.32 annualized dividend and a yield of 3.77%. This is an increase from J. M. Smucker’s previous quarterly dividend of $1.06. J. M. Smucker’s dividend payout ratio (DPR) is currently 60.67%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. 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. Argus reduced their target price on shares of J. M. Smucker from $150.00 to $135.00 and set a “buy” rating for the company in a research report on Thursday, June 13th. TD Cowen lowered their price target on shares of J. M. Smucker from $135.00 to $132.00 and set a “buy” rating on the stock in a report on Thursday. DA Davidson reissued a “neutral” rating and set a $121.00 price objective on shares of J. M. Smucker in a report on Thursday. Finally, Bank of America decreased their target price on J. M. Smucker from $130.00 to $122.00 and set a “neutral” rating for the company in a research report on Thursday. Nine equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $129.31.

Insider Activity

In related news, CEO Mark T. Smucker sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $110.16, for a total transaction of $1,101,600.00. Following the sale, the chief executive officer now owns 78,757 shares of the company’s stock, valued at approximately $8,675,871.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.40% of the stock is owned by company insiders.

Hedge Funds Weigh In On J. M. Smucker

Institutional investors have recently added to or reduced their stakes in the business. Sound View Wealth Advisors Group LLC increased 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 worth $667,000 after purchasing an additional 81 shares during the last quarter. Tradition Wealth Management LLC raised its position in shares of J. M. Smucker by 7.3% during the 4th quarter. Tradition Wealth Management LLC now owns 1,217 shares of the company’s stock valued at $154,000 after buying an additional 83 shares in the last quarter. Czech National Bank lifted its holdings in shares of J. M. Smucker by 0.5% during the 1st quarter. Czech National Bank now owns 18,676 shares of the company’s stock worth $2,351,000 after acquiring an additional 88 shares during the last quarter. Resonant Capital Advisors LLC grew its position in J. M. Smucker by 0.7% in the first quarter. Resonant Capital Advisors LLC now owns 14,328 shares of the company’s stock worth $1,803,000 after acquiring an additional 93 shares in the last quarter. Finally, First National Trust Co increased its stake in J. M. Smucker by 4.9% in the fourth quarter. First National Trust Co now owns 2,110 shares of the company’s stock valued at $267,000 after acquiring an additional 99 shares during the last quarter. 81.66% of the stock is currently owned by institutional investors.

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.