The J.M. Smucker CompanyNYSE: SJM
Consumer Staples · Packaged Foods & Meats
$114.57
+12.42%
Vol: 100K
Research Digest
Monday, June 15, 2026
No significant overnight updates
No material news in the last 48 hours.
Previous Market Intelligence
13 daysJun 14No significant overnight updatesNeutral▶
No material news in the last 48 hours.
May 21JP Morgan cut SJM's price target to $120 from $130 (Overweight maintained) on May 19, 2026 while BofA trimmed to $130 from $135 ahead of Q4 earnings; J.M. Smucker also tapped Goldman Sachs for portfolio review.Mixed▶
On May 19, 2026, JP Morgan maintained an Overweight rating but lowered its price target on SJM to $120 from $130. Bank of America kept its Buy rating while cutting its target to $130 from $135, and Evercore ISI initiated coverage at Outperform. Separately, J.M. Smucker tapped Goldman Sachs to review its portfolio, signaling potential strategic reassessment of business units. The company also declared a $1.10 quarterly dividend with an ex-date of May 15, 2026. Analyst sentiment is mixed amid concerns about declining sales and rising costs offset by expected coffee recovery. Q4 fiscal earnings are due shortly.
May 20JPMorgan cut JM Smucker's PT to $120 from $130 on May 19, and Goldman Sachs was tapped to review the company's portfolio.Mixed▶
JPMorgan maintained an Overweight rating on JM Smucker but lowered its price target to $120 from $130 on May 19, 2026, a 7.69% reduction. Earlier in May, Evercore ISI initiated coverage with an Outperform rating on May 15, while Bank of America lowered its PT to $130 from $135 the same day. Axios reported on May 4 that J.M. Smucker tapped Goldman Sachs to review its portfolio, raising potential strategic action signals. SJM declared a $1.10 quarterly dividend with ex-date of May 15, 2026. Staley Capital Advisers sold 25,870 shares on May 17. The company is being flagged among S&P 500 laggards on flat sales, rising costs, and slowing profitability ahead of upcoming Q4 results.
May 19No significant overnight updatesNeutral▶
No material news in the last 48 hours.
May 18Evercore ISI initiated J.M. Smucker at Outperform with a $117 price target on May 15, 2026, ahead of fiscal Q4 earnings on June 9.Mixed▶
Evercore ISI Group initiated coverage on J.M. Smucker on May 15, 2026 with an Outperform rating and $117 price target, while BofA lowered its target to $130 from $135 and Bernstein cut to $134 from $145 on May 4. Shares closed at $100.54 on May 15, up 1.42%. SJM announced a $1.10 cash dividend with an ex-date of May 15, 2026. Per Axios reports on May 4, the company has engaged Goldman Sachs to review its portfolio, signaling potential strategic divestitures. Fiscal Q4 earnings are scheduled for June 9 with consensus expecting 15.2% EPS growth year-over-year, and management guided fiscal 2026 net sales growth of 1%-2% with adjusted EPS of $9.10-$9.50.
May 15J.M. Smucker pays $1.10 dividend with May 15 ex-date; Bernstein cuts PT to $134 from $145 ahead of June 9 fiscal Q4 earnings.Negative▶
J.M. Smucker announced a cash dividend of $1.10 with an ex-date of May 15, 2026. The stock closed at $100.87 on May 13, 2026 and traded at $100.20 in post-market on May 14. The company is preparing to release its fiscal Q4 earnings on June 9, 2026, while analysts express caution about dividend sustainability amid declining earnings. Bernstein lowered its price target to $134 from $145 on May 4, 2026. The stock is currently trading within a range considered fairly valued. Headwinds from declining packaged food earnings and dividend coverage remain key risks for shareholders.
May 14JM Smucker taps Goldman Sachs for portfolio review and sets Q4 2026 earnings for June 9Mixed▶
J.M. Smucker announced on May 12, 2026 that it will release its fourth quarter fiscal 2026 financial results on Tuesday, June 9, 2026 at 7:00 a.m. ET, with a live Q&A webcast featuring CEO Mark Smucker and CFO Tucker Marshall at 9:00 a.m. ET. Per an Axios report on May 7, 2026, J.M. Smucker has tapped Goldman Sachs to review its portfolio, signaling potential strategic action on underperforming brands. On May 4, Bernstein lowered its price target on SJM to $134 from $145. The company also declared a $1.10 cash dividend with an ex-date of May 15, 2026. SJM traded at ~$110.50 on May 10, with analyst consensus price target of $115 implying 20.44% upside. Risk centers on the outcome of the Goldman portfolio review and whether the Q4 print validates dividend sustainability concerns.
May 13J.M. Smucker taps Goldman Sachs to review its portfolio while Bernstein cuts price target to $134 from $145Mixed▶
Reports surfaced on May 4, 2026 that J.M. Smucker has engaged Goldman Sachs to conduct a strategic portfolio review, raising the possibility of asset divestitures. The same day, Bernstein lowered its price target on SJM to $134 from $145, citing concerns about dividend sustainability in a challenging food sector environment. Shares trade at roughly $96.69 with a 52-week range of $88.25 to $119.39, reflecting a 7.6% one-year decline. The company also declared a $1.10 quarterly cash dividend with an ex-date of May 15, 2026. Q4 fiscal 2026 earnings are scheduled for June 9. Investors will be watching whether the strategic review yields material structural changes amid soft consumer trends.
May 12No significant overnight updatesNeutral▶
No material news in the last 48 hours.
May 11JM Smucker faces analyst price target cuts amid rising coffee costs and competitive food-sector pressures, while declaring its quarterly $1.10 dividend.Negative▶
JM Smucker declared a quarterly cash dividend of $1.10 with ex-date May 15, 2026. Bernstein lowered its price target to $134 from $145 on May 4, 2026, and Morgan Stanley cut to $104 from $118 on April 23. The company is navigating mixed analyst sentiment amid rising coffee costs and competitive pressures in the food sector, with refreshed product offerings and modest growth expectations against pricing pressures and soft demand. Swedbank AB lifted its stake by 17.8% in Q4. The stock traded around $96.69 on May 6, near its 52-week low of $88.25 vs $119.39 high.
May 8Q3 EPS $2.38 beat $2.26 est; CTO search announced, FD&C color removal by 2027Mixed▶
J.M. Smucker reported Q3 FY2026 EPS of $2.38, beating estimate of $2.26 (+5.31%). Company announced senior leadership updates: Tucker Marshall promoted to CFO | EVP Frozen Handheld/Spreads/Sweet Baked Snacks; CEO search underway for new Chief Technology Officer focused on AI strategy. Commitment to remove FD&C colors from all consumer food products by end of 2027. BofA upgraded SJM citing easing risks. Morgan Stanley cut PT to $104 from $118 (April). Average analyst rating Buy with PT $115.0. Stock faces coffee cost pressures and competitive headwinds.
May 7J.M. Smucker Q3 beats but faces analyst pessimism; Bernstein cuts to $134 targetMixed▶
J.M. Smucker reported Q3 2026 EPS of $2.38, beating estimates of $2.26 by 5.3%. However, Bernstein SocGen lowered price target to $134 from $145 citing Hostess brand concerns, while maintaining Outperform rating. Company announced senior leadership updates and new independent directors following Elliott Investment Management engagement. Mixed analyst sentiment around activism benefits offset by execution risks in Sweet Baked Snacks.
May 6J.M. Smucker Q3 Earnings Beat Amid Strategic Transformation with Activist ElliottNeutral▶
J.M. Smucker reported Q3 2026 EPS of $2.38, beating estimates of $2.26 by 5.31%, reflecting strong operational execution. Recent analyst activity shows fair value price target trimmed from $122.40 to $117.81. The company is undergoing strategic transformation through constructive engagement with Elliott Management, focusing on operational improvements and portfolio management. Announced commitment to remove FD&C colors from all consumer products by end of 2027. Completed divestiture of Cloverhill and Big Texas brands for ~$40M. Uncrustables brand recorded 4% net sales growth with expectations to accelerate to double digits.
Sector Peers
| Company | Price | Day | 1M | Fwd P/E | Beta | Mkt Cap |
|---|---|---|---|---|---|---|
| SJMJM | $114.57 | +12.42% | -1.7% | 10.3x | 0.24 | $10.9B |
| MDLZMONDELEZ | $62.27 | +1.25% | -0.2% | 18.1x | 0.40 | $78.9B |
| HSYHERSHEY | $179.79 | -5.57% | -0.7% | 19.2x | 0.07 | $38.6B |
| KHCKRAFT | $24.26 | +3.04% | +0.8% | 11.2x | 0.05 | $27.9B |
| TSNTYSON | $57.14 | -14.04% | -0.3% | 14.5x | 0.39 | $23.4B |
| GISGENERAL | $34.82 | +4.03% | +0.1% | 10.3x | -0.03 | $17.9B |
Key Fundamentals
RSI (14-Day)
52-Week Range
Moving Averages
Price above both MAs — bullish structure.