J. M. Smucker (NYSE:SJM) Releases Quarterly Earnings Results, Beats Expectations By $0.06 EPS

J. M. Smucker (NYSE:SJM) issued its quarterly earnings results on Tuesday. The company reported $2.31 earnings per share for the quarter, topping the consensus estimate of $2.25 by $0.06, Briefing.com reports. J. M. Smucker had a return on equity of 14.35% and a net margin of 5.96%. The firm had revenue of $2.14 billion for the quarter, compared to the consensus estimate of $2.18 billion. During the same period in the prior year, the business posted $2.66 earnings per share. The company’s revenue for the quarter was down 2.8% on a year-over-year basis. J. M. Smucker updated its FY 2026 guidance to 8.500-9.500 EPS.

J. M. Smucker Price Performance

Shares of NYSE:SJM opened at $95.88 on Thursday. The company has a quick ratio of 0.27, a current ratio of 0.58 and a debt-to-equity ratio of 0.89. The company has a 50-day moving average price of $112.89 and a 200 day moving average price of $110.99. The company has a market cap of $10.20 billion, a P/E ratio of 19.41, a PEG ratio of 3.91 and a beta of 0.35. J. M. Smucker has a 52 week low of $93.93 and a 52 week high of $125.42.

J. M. Smucker Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Friday, May 16th were paid a dividend of $1.08 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $4.32 annualized dividend and a dividend yield of 4.51%. J. M. Smucker’s dividend payout ratio (DPR) is -179.25%.

Insider Activity

In related news, insider Jill R. Penrose sold 5,117 shares of J. M. Smucker stock in a transaction on Friday, March 28th. The stock was sold at an average price of $116.26, for a total transaction of $594,902.42. Following the completion of the transaction, the insider now directly owns 8,794 shares of the company’s stock, valued at approximately $1,022,390.44. The trade was a 36.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 3.40% of the company’s stock.

Hedge Funds Weigh In On J. M. Smucker

Several hedge funds have recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in J. M. Smucker by 10.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,440 shares of the company’s stock worth $2,286,000 after buying an additional 1,763 shares in the last quarter. Empowered Funds LLC grew its position in shares of J. M. Smucker by 28.6% in the first quarter. Empowered Funds LLC now owns 12,992 shares of the company’s stock valued at $1,538,000 after purchasing an additional 2,889 shares during the period. Woodline Partners LP grew its position in shares of J. M. Smucker by 40.7% in the first quarter. Woodline Partners LP now owns 8,990 shares of the company’s stock valued at $1,065,000 after purchasing an additional 2,600 shares during the period. Finally, United Services Automobile Association purchased a new stake in shares of J. M. Smucker in the first quarter valued at $253,000. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on SJM shares. Bank of America dropped their price objective on J. M. Smucker from $118.00 to $105.00 and set a “neutral” rating on the stock in a research note on Wednesday. Morgan Stanley reissued an “overweight” rating and issued a $124.00 price objective (up previously from $123.00) on shares of J. M. Smucker in a research note on Friday, June 6th. Wall Street Zen raised J. M. Smucker from a “sell” rating to a “hold” rating in a research note on Friday, March 28th. Wells Fargo & Company dropped their target price on J. M. Smucker from $135.00 to $115.00 and set an “overweight” rating on the stock in a research report on Wednesday. Finally, Citigroup dropped their target price on J. M. Smucker from $128.00 to $118.00 and set a “buy” rating on the stock in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $117.55.

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.