J.M. SmuckerSJM
Market Cap: $12.8B
About: J.M. Smucker is a packaged food company that primarily sells through the US retail channel (78% of fiscal 2024 revenue came through its retail pet foods, coffee, and frozen handheld/spreads segments), with the remaining share consisting of Hostess and international (primarily Canada). Retail coffee is its largest category (33% of sales) with brands Folgers and Dunkin'. Pet foods (22% of sales) holds leading brands like Milk-Bone and Meow Mix. Of its remaining, approximately 22% comes from consumer foods, primarily peanut butter and jelly, through brands Jif and Smucker's. The company acquired Hostess Brands in fiscal 2024 to boost its snack and convenience store presence.
Employees: 9,000
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
51% more call options, than puts
Call options by funds: $170M | Put options by funds: $113M
1.36% more ownership
Funds ownership: 80.11% [Q1] → 81.47% (+1.36%) [Q2]
9% less repeat investments, than reductions
Existing positions increased: 277 | Existing positions reduced: 306
4% less funds holding
Funds holding: 864 [Q1] → 829 (-35) [Q2]
12% less capital invested
Capital invested by funds: $10.7B [Q1] → $9.43B (-$1.26B) [Q2]
27% less first-time investments, than exits
New positions opened: 95 | Existing positions closed: 130
67% less funds holding in top 10
Funds holding in top 10: 3 [Q1] → 1 (-2) [Q2]
Research analyst outlook
10 Wall Street Analysts provided 1 year price targets over the past 3 months
10 analyst ratings
Barclays Andrew Lazar 75% 1-year accuracy 12 / 16 met price target | 1%upside $121 | Equal-Weight Maintained | 30 Aug 2024 |
TD Cowen Robert Moskow 75% 1-year accuracy 21 / 28 met price target | 10%upside $132 | Buy Maintained | 29 Aug 2024 |
Citigroup Thomas Palmer 31% 1-year accuracy 8 / 26 met price target | 13%upside $136 | Buy Maintained | 29 Aug 2024 |
DA Davidson Brian Holland 81% 1-year accuracy 13 / 16 met price target | 1%upside $121 | Neutral Maintained | 29 Aug 2024 |
B of A Securities Peter Galbo 40% 1-year accuracy 4 / 10 met price target | 1%upside $122 | Neutral Maintained | 29 Aug 2024 |
Financial journalist opinion
Based on 21 articles about SJM published over the past 30 days