The J.M. Smucker CompanyNYSE: SJM
Consumer Staples · Packaged Foods & Meats
$97.10
-0.95%
Vol: 716K
Research Digest
Friday, May 1, 2026
Smucker announces leadership restructure; Elliott Investment appointed two board directors
Smucker announced major leadership reorganization: Mark Smucker reassumed President role as CEO/President/Chair; Tucker Marshall promoted to CFO/EVP Frozen/Spreads; Rob Ferguson promoted to Chief Product Supply Officer. Elliott Investment Management appointed two new independent directors effective April 15. Company announced search for new CTO to drive AI strategy. Morgan Stanley lowered PT to $104 from $118 (Equal Weight), while BTIG initiated Buy with $120 PT.
Previous Market Intelligence
13 daysApr 30Morgan Stanley cuts J.M. Smucker price target to $104 on valuation and margin pressuresNegative▶
Morgan Stanley lowered J.M. Smucker price target to $104 from $118 on April 23, maintaining Equal Weight rating. Barclays cut target to $103 from $125 on April 14. J.M. Smucker faces cost pressures and mixed financial performance despite growth in Uncrustables brand. Company announced $1.10 dividend per share with ex-date of May 15. Shares down 14.82% over past year amid inflation and margin challenges.
Apr 16BTIG initiates J.M. Smucker coverage with Buy rating and $120 price target; Barclays lowered target to $103Mixed▶
BTIG analyst Rob Dickerson initiated coverage of J.M. Smucker with a Buy rating and $120 price target on April 13, highlighting underappreciated profit expansion opportunities in the coffee segment and improved positioning amid shifting U.S. consumption trends. However, sentiment remains mixed: Barclays recently lowered its price target to $103 from $125, and BNP Paribas reduced its target to $125 from $132 while maintaining Outperform on April 9. The company also appointed Woo-Sung Chung and David Singer to its board following constructive engagement with Elliott Investment Management.
Apr 15BTIG initiated Buy rating with $120 price target on April 13; J.M. Smucker adds two board directors and faces cost pressures.Mixed▶
BTIG initiated coverage on J.M. Smucker on April 13 with Buy rating and $120 price target. Company announced two new board members effective April 15. Q3 fiscal 2026 results showed 7% revenue growth from coffee sales but adjusted EPS fell 9% amid rising costs. Conagra Brands named J.M. Smucker executive John Brase as new CEO. Stock down 4.8% over past week, 15.5% past month.
Apr 14J.M. Smucker appoints two new independent directors following Elliott activism; COO John Brase named Conagra CEO.Mixed▶
J.M. Smucker appointed Woo-Sung Chung and David Singer to board effective April 15, 2026 after reaching constructive engagement with activist Elliott Investment Management. COO John Brase was named CEO of Conagra effective June 1. SJM stock hit 52-week low at $92.98. Wells Fargo lowered price target to $125 from $135. Average analyst target of $120.58 implies 26.61% upside.
Apr 13J.M. Smucker appoints two new board directors; Wells Fargo lowers price target to $125.Mixed▶
J.M. Smucker announced Woo-Sung (Bruce) Chung and David Singer will join Board effective April 15 following engagement with Elliott Investment Management. Wells Fargo lowered price target to $125 from $135 on April 8. Company faces cost inflation headwinds; Uncrustables brand shows growth potential.
Apr 10JM Smucker hits 52-week low following analyst downgrades and margin compression from Q3 fiscal 2026.Negative▶
JM Smucker hit a 52-week low of $92.91, down 17.99% over the past year. Wells Fargo and BNP Paribas both lowered price targets to $125 on April 8. Q3 fiscal 2026 results showed 7% revenue growth but adjusted EPS fell 9%. Gross margin contracted 370 bps to 33.8%. Company announced board additions effective April 15 and offers a 4.69% dividend yield with 56 consecutive years of payments.
Apr 9JM Smucker Co appoints two new independent directors after Elliott Investment Management engagement and faces manufacturing challenges.Neutral▶
J.M. Smucker Co (SJM) appointed Woo-Sung (Bruce) Chung and David Singer as independent directors effective April 15, 2026 after constructive engagement with Elliott Investment Management. Company entered information-sharing agreement with Elliott to facilitate collaboration toward sustainable shareholder value. Katie Williams elected Chief Marketing Officer effective March 9, bringing 20+ years of brand-building experience from Haleon. Stock up 0.38% weekly but down 16.33% monthly reflecting operational challenges. Q3 results showed higher sales driven by Uncrustables and coffee segments but company lowered full-year sales growth guidance due to recent manufacturing facility fire. SJM trades at forward P/E of 11.6 with 4.2% dividend yield. Board approved $1.10 per share dividend. Analyst consensus "Buy" from 13 analysts with price target of $120.58 (+26.61% upside). Recent price target reductions include Deutsche Bank lowering to $97 from $117. Company positioning for recovery from manufacturing disruption while benefiting from strong growth in newer product categories.
Apr 8J.M. Smucker Board approves $1.10 dividend; analyst upgrades contrast with recent manufacturing challenges.Mixed▶
J.M. Smucker Board approved $1.10 per share dividend (January 2026). Bank of America upgraded SJM in late February 2026, citing easing risks and new opportunities. Deutsche Bank lowered price target to $97 from $117 (March 2026). Q2 FY2026 results showed 5% net sales increase to $2.3B; adjusted EPS $2.10 (-24% YoY). Recent manufacturing facility fire lowered FY2026 sales growth guidance. 13 analyst consensus "Buy" with $120.58 target, 26.61% upside. Stock at $95.47 (down 14.25% month, 17.1% year), trading at 11.6x forward P/E with 4.2% yield.
Apr 7No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Apr 6Smucker divested Cloverhill/Big Texas brands; mixed analyst actions.Positive▶
J.M. Smucker completed divestiture of Cloverhill, Big Texas brands and private label to JTM Foods for ~$40M. Bank of America upgraded Feb 23. Deutsche Bank/TD Cowen lowered PTs mid-March. Bernstein upgraded to Outperform March 11. Consensus Buy PT $120.58.
Apr 3JM Smucker appoints two new board directors as Elliott Investment Management engagement yields governance improvements.Mixed▶
Woo-Sung Chung and David Singer appointed to board effective April 15, 2026, bringing total to 11 directors. Appointments follow engagement with Elliott Investment Management. CMO Gail Hollander retiring April 2026. Q3 net sales $2.34B up 7% with adjusted EPS $2.38, down 9%.
Apr 2J.M. Smucker appoints two new independent directors from Elliott Investment Management engagement; Cafe Bustelo expected to surpass $500M in sales.Mixed▶
J.M. Smucker appointed Woo-Sung Chung and David Singer to Board effective April 15, 2026, following constructive engagement with Elliott Investment Management. Appointed Katie Williams as Chief Marketing Officer on March 9, 2026. Cafe Bustelo expected to surpass $500M in sales this fiscal year (+$100M+ YoY). Uncrustables brand growing at 20% CAGR, projected to reach $1B. Stock faces pressure from Deutsche Bank and TD Cowen price target cuts amid rising costs.
Apr 1J.M. Smucker upgraded to Outperform at Bernstein; Q3 showed coffee business grew 23% and adjusted EPS beat.Positive▶
J.M. Smucker upgraded to Outperform at Bernstein on March 11. Q3 fiscal 2026 adjusted EPS of $2.38 beat forecast of $2.27; revenue $2.32B driven by coffee growth (+23%). Board appointed activist investor Elliott-backed directors.
Sector Peers
| Company | Price | Day | 1M | Fwd P/E | Beta | Mkt Cap |
|---|---|---|---|---|---|---|
| SJMJM | $97.10 | -0.95% | +3.0% | 9.8x | 0.26 | $10.5B |
| MDLZMONDELEZ | $61.40 | -0.07% | +5.2% | 18.3x | 0.39 | $78.9B |
| HSYHERSHEY | $182.63 | -1.68% | -10.7% | 18.8x | 0.17 | $37.6B |
| KHCKRAFT | $22.53 | -0.60% | -3.9% | 10.6x | 0.05 | $26.8B |
| TSNTYSON | $63.84 | -0.36% | -0.7% | 14.6x | 0.43 | $22.6B |
| GISGENERAL | $34.83 | -1.37% | -6.3% | 10.7x | — | $18.8B |
Key Fundamentals
RSI (14-Day)
52-Week Range
Moving Averages
Price below 200d MA — bearish structure.