J.M. Smucker
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 Q3 regulatory filings by fund managers ($100M+ AUM)
200% more funds holding in top 10
Funds holding in top 10: 1 [Q2] → 3 (+2) [Q3]
30% more call options, than puts
Call options by funds: $154M | Put options by funds: $119M
7% more capital invested
Capital invested by funds: $9.63B [Q2] → $10.3B (+$648M) [Q3]
1% less funds holding
Funds holding: 838 [Q2] → 830 (-8) [Q3]
8% less first-time investments, than exits
New positions opened: 92 | Existing positions closed: 100
3.16% less ownership
Funds ownership: 83.14% [Q2] → 79.98% (-3.16%) [Q3]
12% less repeat investments, than reductions
Existing positions increased: 273 | Existing positions reduced: 311
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
3 analyst ratings
Barclays Andrew Lazar 50% 1-year accuracy 8 / 16 met price target | 12%upside $123 | Equal-Weight Maintained | 4 Dec 2024 |
Wells Fargo Chris Carey 33% 1-year accuracy 11 / 33 met price target | 23%upside $135 | Overweight Maintained | 27 Nov 2024 |
Stifel Matthew Smith 50% 1-year accuracy 16 / 32 met price target | 14%upside $125 | Hold Downgraded | 25 Oct 2024 |
Financial journalist opinion
Based on 20 articles about SJM published over the past 30 days
