J.M. Smucker (SJM)

• Market cap: $11.7B
• 1 day: 2.53%
• 5 days: 6.49%
• 1 month: 6.35%
• 3 months: -3.41%
• 6 months: -9.06%
• Year to date: -1.22%
• 1 year: -12.75%
• 5 years: -0.78%
• 10 years: -2.86%
• 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 Q4 regulatory filings by fund managers ($100M+ AUM)

65% more call options, than puts

Call options by funds: $162M | Put options by funds: $98M

1.25% more ownership

Funds ownership: 80.64% [Q3] → 81.89% (+1.25%) [Q4]

1% more first-time investments, than exits

New positions opened: 91 | Existing positions closed: 90

4% less funds holding

Funds holding: 831 [Q3] → 795 (-36) [Q4]

7% less capital invested

Capital invested by funds: $10.4B [Q3] → $9.59B (-$769M) [Q4]

15% less repeat investments, than reductions

Existing positions increased: 260 | Existing positions reduced: 305

33% less funds holding in top 10

Funds holding in top 10: 3 [Q3] → 2 (-1) [Q4]

Research analyst outlook

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

• Low target: $120 9% upside
• Avg. target: $125 13% upside
• High target: $135 23% upside

4 analyst ratings

• positive: 1 25%
• neutral: 3 75%
• negative: 0 0%

Stifel Matthew Smith 57% 1-year accuracy 17 / 30 met price target	9% upside $120	Hold Maintained	24 Jan 2025
TD Cowen Robert Moskow 43% 1-year accuracy 26 / 60 met price target	10% upside $121	Hold Downgraded	8 Jan 2025
Barclays Andrew Lazar 35% 1-year accuracy 7 / 20 met price target	12% upside $123	Equal-Weight Maintained	4 Dec 2024
Wells Fargo Chris Carey 48% 1-year accuracy 21 / 44 met price target	23% upside $135	Overweight Maintained	27 Nov 2024