SJM

Stifel Upgrades J. M. Smucker (SJM)

Fintel reports that on February 28, 2024, Stifel upgraded their outlook for J. M. Smucker (NYSE:SJM) from Hold to Buy .

Analyst Price Forecast Suggests 9.84% Upside

As of February 24, 2024, the average one-year price target for J. M. Smucker is 134.71. The forecasts range from a low of 109.08 to a high of $165.90. The average price target represents an increase of 9.84% from its latest reported closing price of 122.64.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for J. M. Smucker is 8,737MM, an increase of 6.45%. The projected annual non-GAAP EPS is 9.75.

J. M. Smucker Declares $1.06 Dividend

On January 19, 2024 the company declared a regular quarterly dividend of $1.06 per share ($4.24 annualized). Shareholders of record as of February 16, 2024 will receive the payment on March 1, 2024. Previously, the company paid $1.06 per share.

At the current share price of $122.64 / share, the stock's dividend yield is 3.46%.

Looking back five years and taking a sample every week, the average dividend yield has been 3.04%, the lowest has been 2.51%, and the highest has been 3.92%. The standard deviation of yields is 0.28 (n=233).

The current dividend yield is 1.49 standard deviations above the historical average.

Additionally, the company's dividend payout ratio is -4.42. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.

The company's 3-Year dividend growth rate is 0.18%, demonstrating that it has increased its dividend over time.

What is the Fund Sentiment?

There are 1624 funds or institutions reporting positions in J. M. Smucker. This is an increase of 26 owner(s) or 1.63% in the last quarter. Average portfolio weight of all funds dedicated to SJM is 0.15%, a decrease of 14.10%. Total shares owned by institutions increased in the last three months by 4.76% to 94,999K shares. SJM / The J. M. Smucker Company Put/Call Ratios The put/call ratio of SJM is 1.06, indicating a bearish outlook.

What are Other Shareholders Doing?

SJM / The J. M. Smucker Company Shares Held by Institutions

VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 3,024K shares representing 2.85% ownership of the company. In it's prior filing, the firm reported owning 3,158K shares, representing a decrease of 4.41%. The firm decreased its portfolio allocation in SJM by 17.26% over the last quarter.

Geode Capital Management holds 2,456K shares representing 2.31% ownership of the company. In it's prior filing, the firm reported owning 2,313K shares, representing an increase of 5.82%. The firm decreased its portfolio allocation in SJM by 4.15% over the last quarter.

VFINX - Vanguard 500 Index Fund Investor Shares holds 2,454K shares representing 2.31% ownership of the company. In it's prior filing, the firm reported owning 2,538K shares, representing a decrease of 3.44%. The firm decreased its portfolio allocation in SJM by 17.61% over the last quarter.

VIMSX - Vanguard Mid-Cap Index Fund Investor Shares holds 2,195K shares representing 2.07% ownership of the company. In it's prior filing, the firm reported owning 2,348K shares, representing a decrease of 6.96%. The firm decreased its portfolio allocation in SJM by 17.62% over the last quarter.

Invesco holds 1,945K shares representing 1.83% ownership of the company. In it's prior filing, the firm reported owning 1,778K shares, representing an increase of 8.60%. The firm decreased its portfolio allocation in SJM by 90.94% over the last quarter.

J.M. Smucker Background Information
(This description is provided by the company.)

Each generation of consumers leaves their mark on culture by establishing new expectations for food and the companies that make it. At The J.M. Smucker Co., it is our privilege to be at the heart of this dynamic with a diverse portfolio that appeals to each generation of people and pets and is found in nearly 90 percent of U.S. homes and countless restaurants. This includes a mix of iconic brands consumers have always loved such as Folgers®, Jif® and Milk-Bone® and new favorites like Café Bustelo®,Smucker's® Uncrustables® and Rachael Ray® Nutrish®. By continuing to immerse the company in consumer preferences and acting responsibly, it will continue growing our business and the positive impact the company has on society.

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This story originally appeared on Fintel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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