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

J. M. Smucker (NYSE:SJM) had its price target decreased by equities researchers at DA Davidson from $122.00 to $120.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. DA Davidson’s price target points to a potential upside of 4.66% from the stock’s previous close. DA Davidson also issued estimates for J. M. Smucker’s Q4 2025 earnings at $2.20 EPS and FY2025 earnings at $10.00 EPS.

A number of other research analysts also recently weighed in on SJM. Stifel Nicolaus dropped their price target on J. M. Smucker from $125.00 to $120.00 and set a “hold” rating on the stock in a research note on Friday, January 24th. StockNews.com downgraded shares of J. M. Smucker from a “hold” rating to a “sell” rating in a research report on Monday, March 3rd. Barclays dropped their price objective on shares of J. M. Smucker from $123.00 to $119.00 and set an “equal weight” rating on the stock in a research note on Monday, March 3rd. Wells Fargo & Company boosted their target price on shares of J. M. Smucker from $130.00 to $135.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 27th. Finally, TD Cowen lowered J. M. Smucker from a “buy” rating to a “hold” rating and dropped their target price for the company from $130.00 to $121.00 in a report on Wednesday, January 8th. Two analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, J. M. Smucker has a consensus rating of “Hold” and an average target price of $126.00.

J. M. Smucker Trading Down 2.1 %

NYSE SJM traded down $2.44 during trading hours on Tuesday, hitting $114.66. 819,949 shares of the company’s stock were exchanged, compared to its average volume of 1,122,044. The firm has a market cap of $12.20 billion, a price-to-earnings ratio of 23.25, a PEG ratio of 3.91 and a beta of 0.28. The stock has a 50-day simple moving average of $106.42 and a 200 day simple moving average of $112.79. The company has a current ratio of 0.58, a quick ratio of 0.27 and a debt-to-equity ratio of 0.89. J. M. Smucker has a 1-year low of $98.77 and a 1-year high of $127.59.

J. M. Smucker (NYSE:SJM) last released its quarterly earnings data on Thursday, February 27th. The company reported $2.61 earnings per share for the quarter, beating the consensus estimate of $2.37 by $0.24. The company had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.23 billion. J. M. Smucker had a net margin of 5.96% and a return on equity of 14.35%. On average, equities analysts forecast that J. M. Smucker will post 9.88 EPS for the current fiscal year.

Insider Buying and Selling at J. M. Smucker

In related news, CFO Tucker H. Marshall sold 994 shares of the business’s stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $113.00, for a total value of $112,322.00. Following 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 position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 3.40% of the company’s stock.

Hedge Funds Weigh In On J. M. Smucker

Several large investors have recently modified their holdings of SJM. Van ECK Associates Corp boosted its holdings in shares of J. M. Smucker by 5.7% in the third quarter. Van ECK Associates Corp now owns 4,718 shares of the company’s stock worth $555,000 after acquiring an additional 255 shares during the period. Principal Financial Group Inc. boosted its position in shares of J. M. Smucker by 4.5% in the third quarter. Principal Financial Group Inc. now owns 135,465 shares of the company’s stock valued at $16,405,000 after acquiring an additional 5,790 shares during the period. CWA Asset Management Group LLC purchased a new position in J. M. Smucker during the third quarter valued at approximately $269,000. Sigma Planning Corp increased its holdings in J. M. Smucker by 5.1% during the 3rd quarter. Sigma Planning Corp now owns 4,115 shares of the company’s stock worth $498,000 after acquiring an additional 201 shares during the period. Finally, Venturi Wealth Management LLC lifted its stake in J. M. Smucker by 1,329.4% in the 3rd quarter. Venturi Wealth Management LLC now owns 243 shares of the company’s stock worth $29,000 after purchasing an additional 226 shares in the last quarter. Hedge funds and other institutional investors own 81.66% of the company’s stock.

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.