JP Morgan Reaffirms Buy Rating on The J. M. Smucker Company
JP Morgan reiterates its buy rating for J. M. Smucker, targeting $125, a 7.31% upside from the current price.
Key Points
- JP Morgan reiterated its buy rating on The J. M. Smucker Company with a price target of $125.
- JP Morgan's $125 price target implies 7.31% upside from The J. M. Smucker Company's ($SJM) current $116.49 share price.
- Shares of NYSE:SJM are trading at $116.84, with a market cap of $12.4 billion and a forward P/E of 10.87.
- Insiders, including the CEO, recently bought shares, while analysts maintain a buy consensus with a mean target of $121.59.
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JP Morgan has reiterated its buy rating on The J. M. Smucker Company (NYSE:SJM) with a price target of $125. Analyst Thomas Palmer reaffirmed the rating on June 10, 2026, as the stock traded around $116.84.
What Changed in JP Morgan's J. M. Smucker Position
JP Morgan's decision to maintain its buy rating suggests continued confidence in The J. M. Smucker Company's prospects. The reaffirmation of a $125 price target indicates an expectation of potential upside from current levels.
Other Institutional Activity in The J. M. Smucker Company
Vanguard Capital Management LLC significantly increased its holdings, adding 6.7 million shares to reach a total of 6.7 million shares valued at approximately $650.6 million. BlackRock, Inc. reduced its position by about 1.76 million shares, holding 6.7 million shares worth $648.7 million. UBS Group AG boosted its stake by 2.06 million shares, bringing its total to nearly 6 million shares, valued at $577.6 million. Dimensional Fund Advisors LP also increased its position, adding 528,418 shares to hold 3.9 million shares valued at $378.1 million.
The J. M. Smucker Company Stock Down 12.0%
Shares of NYSE:SJM are trading near $116.84. The J. M. Smucker Company has a market cap of $12.4 billion, with a forward P/E ratio of 10.87 and a beta of 0.264. The stock's 52-week range is between $88.25 and $119.39, with a 50-day moving average of $99.56 and a 200-day moving average of $103.42. The company's current ratio is 0.777, and its quick ratio is 0.282, with a debt-to-equity ratio of 128.609.
$SJM price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
For its recent earnings, The J. M. Smucker Company reported revenue of $9.05 billion, reflecting a growth of 5.8%. Despite a negative EPS of -11.79, the company expects to turn around with its next earnings report scheduled for June 9, 2026.
Dividend
The J. M. Smucker Company offers an annual dividend rate of $4.40, yielding 3.78%. The dividend payout ratio stands at 86.06%, providing a steady income stream for investors.
Insider Buying and Selling at The J. M. Smucker Company
On June 11, 2026, several insiders, including CEO Mark Smucker and CFO Marshall Tucker, purchased shares. Mark Smucker acquired 34,497 shares, while Marshall Tucker bought 9,207 shares. Chief Legal Officer Jeannette Knudsen sold 5,550 shares at an average price of $116.29 but also purchased 6,797 shares.
Analysts Set New Price Targets
On June 10, 2026, JP Morgan maintained its buy rating with a $125 price target. Other firms like RBC Capital and UBS also maintained buy ratings with targets of $135 and $130, respectively. The analyst consensus is a buy, with a mean target price of $121.59 based on 17 opinions.
About The J. M. Smucker Company
The J. M. Smucker Company is a leading player in the consumer defensive sector, focusing on packaged foods. Headquartered in Orrville, Ohio, and led by CEO Mark T. Smucker, the company produces a wide range of food and beverage products, including well-known brands like Folgers, Jif, and Smucker's. With a history dating back to 1897, the company continues to serve consumers globally through various retail and online channels.
Bottom Line
JP Morgan's reiteration of a buy rating with a $125 target for The J. M. Smucker Company underscores confidence in the company's growth potential. With insider purchases and a strong analyst consensus, investors are keeping a close eye on SJM's performance. Remember, 13F filings and analyst ratings are backward-looking and may not reflect the current market situation.
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