J.M. Smucker (SJM)

• Market cap: $11.8B
• 1 day: -0.24%
• 5 days: -4.11%
• 1 month: -6.31%
• 3 months: -7.48%
• 6 months: -3.86%
• Year to date: -14.52%
• 1 year: -0.39%
• 5 years: 5.99%
• 10 years: 10.50%
• Sector: Consumer Staples
• Industry: Canned, Fruits, Veg, Preserves, Jams & Jellies

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

1.52% more ownership

Funds ownership: 81.57% [Q1] → 83.1% (+1.52%) [Q2]

9% less repeat investments, than reductions

Existing positions increased: 280 | Existing positions reduced: 307

4% less funds holding

Funds holding: 866 [Q1] → 835 (-31) [Q2]

12% less capital invested

Capital invested by funds: $10.9B [Q1] → $9.62B (-$1.27B) [Q2]

24% less first-time investments, than exits

New positions opened: 96 | Existing positions closed: 127

67% less funds holding in top 10

Funds holding in top 10: 3 [Q1] → 1 (-2) [Q2]

Research analyst outlook

8 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $121 9% upside
• Avg. target: $128 16% upside
• High target: $138 25% upside

8 analyst ratings

• positive: 4 50%
• neutral: 4 50%
• negative: 0 0%

Stifel Matthew Smith 63% 1-year accuracy 17 / 27 met price target	13% upside $125	Hold Downgraded	25 Oct 2024
Barclays Andrew Lazar 62% 1-year accuracy 8 / 13 met price target	9% upside $121	Equal-Weight Maintained	30 Aug 2024
TD Cowen Robert Moskow 42% 1-year accuracy 10 / 24 met price target	19% upside $132	Buy Maintained	29 Aug 2024
Citigroup Thomas Palmer 46% 1-year accuracy 11 / 24 met price target	23% upside $136	Buy Maintained	29 Aug 2024
DA Davidson Brian Holland 79% 1-year accuracy 15 / 19 met price target	9% upside $121	Neutral Maintained	29 Aug 2024