JM Smucker (SJM – Research Report), the Consumer Defensive sector company, was revisited by a Wall Street analyst today. Analyst Robert Moskow from TD Cowen maintained a Buy rating on the stock and has a $158.00 price target.
Robert Moskow has given his Buy rating due to a combination of factors surrounding the performance and strategic moves of JM Smucker. After conducting a thorough evaluation, including a positive interaction with investor relations and an analysis of retail tracking data, Moskow noted a sense of confidence from the management concerning the recent Hostess acquisition. He highlighted the acquisition’s promising cost synergies, which are expected to contribute positively to the company’s financials. Moreover, despite a modest 1% retail growth in the past 12 weeks, Smucker’s performance has been robust relative to its peers in the Big Food sector, outpacing the average with a decline of 2%. This demonstrates the company’s resilience and potential for market share gains in key categories.
Additionally, Moskow’s outlook is bolstered by expectations of 4-5% organic growth for the third and fourth quarters, factoring in contributions from pet contract manufacturing and a recovery from prior supply chain disruptions that impacted Meow Mix and Jif shipments. Despite a slight decline in Hostess product sales, the forecasted cost synergies and expected revenue synergies, particularly from leveraging Hostess’ convenience store channels for the Uncrustables product line, support a positive long-term view. Furthermore, the anticipated expansion within e-commerce is likely to benefit high-growth segments like pet products and coffee, reinforcing the Buy rating. Moskow maintains a high degree of confidence in the company’s fiscal performance for the years 2025 and 2026, based on these strategic initiatives and market dynamics.
According to TipRanks, Moskow is a 4-star analyst with an average return of 5.6% and a 51.98% success rate. Moskow covers the Consumer Defensive sector, focusing on stocks such as Campbell Soup, UTZ Brands, and JM Smucker.
In another report released on January 31, Citi also initiated coverage with a Buy rating on the stock with a $153.00 price target.
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JM Smucker (SJM) Company Description:
The J. M. Smucker Co. engages in the manufacture and marketing of food and beverage products. It operates through the following segments: U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International and Away From Home. The U. S. Retail Coffee segment includes domestic sales of Folgers, Dunkin’ Donuts, and Café Bustelo branded coffee. The U.S. Retail Consumer Foods segment sells Smucker’s, Jif, and Crisco branded products. The U.S. Retail Pet Foods comprises Rachael Ray Nutrish, Meow Mix, Milk-Bone, Natural Balance, Kibbles ‘n Bits, 9Lives, Nature’s Recipe, and Pup-Peroni branded products. The International and Foodservice segment covers products distributed domestically and in foreign countries through retail channels and foodservice distributors and operators. The company was founded by Jerome Monroe Smucker in 1897 and is headquartered in Orrville, OH.
Read More on SJM:
- ‘Diamonds in the Rough’: Citi Says These 3 Packaged Food Stocks Are Poised to Thrive in a Tough Sector
- J.M. Smucker initiated with a Buy at Citi
- J.M. Smucker price target raised to $135 from $125 at Stifel
- J.M. Smucker price target raised to $132 from $122 at Morgan Stanley
- The J.M. Smucker Co. Completes the Divestiture of Fermented Condiment Brands in Canada to TreeHouse Foods
