The J. M. Smucker Company
- Open
- 131.65
- Day high
- 134.27
- Day low
- 131.15
- Prev close
- 132.34
- Volume
- 1.2M
- Mkt cap
- $14.0B
- P/E (TTM)
- 61.0
- EPS (TTM)
- $2.15
- P/B
- 2.4
- P/S
- 1.5
- Yield
- 2.53%
- Per share
- $3.32
- ▼Insiders net selling -$3.6M over the last 3 months (0 open-market buys, 5 sales)
- 🏛Institutions accumulating (13F)
The J. M. Smucker Company (SJM) is a Consumer Defensive company listed on NYSE. The stock is up 21% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 5 sales (SEC Form 4). Drillr has 1 published research article covering SJM.
The J. M. Smucker Company (SJM) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 10 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
SJM earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Aug 26, 2026 | $2.21 | $3.24 | +46.6% | $2.2B | +4.0% |
| Jun 9, 2026 | $2.63 | $2.77 | +5.5% | $2.3B | +0.6% |
| Feb 26, 2026 | $2.27 | $2.38 | +4.8% | $2.3B | +0.8% |
| Nov 25, 2025 | $2.11 | $2.10 | -0.5% | $2.3B | +0.4% |
| Aug 27, 2025 | $1.94 | $1.90 | -2.1% | $2.1B | -0.5% |
| Jun 10, 2025 | $2.25 | $2.31 | +2.6% | $2.1B | -2.3% |
| Feb 27, 2025 | $2.38 | $2.61 | +9.8% | $2.2B | -2.1% |
| Nov 26, 2024 | $2.51 | $2.76 | +10.1% | $2.3B | +0.9% |
| Aug 28, 2024 | $2.18 | $2.44 | +12.1% | $2.1B | +0.6% |
| Jun 6, 2024 | $2.35 | $2.66 | +13.4% | $2.2B | -1.5% |
| Feb 27, 2024 | $2.27 | $2.48 | +9.1% | $2.2B | +0.4% |
| Dec 5, 2023 | $2.47 | $2.59 | +4.7% | $1.9B | -1.6% |
SJM insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jul 2, 2026 | Abramo Mercedesdirector | Grant | 218 | — |
| Jul 2, 2026 | Chung Brucedirector | Grant | 229 | — |
| Jul 2, 2026 | Perry Kirkdirector | Grant | 218 | — |
| Jul 2, 2026 | AMIN TARANGdirector | Grant | 247 | — |
| Jun 30, 2026 | Penrose Jill Rofficer: Chief People Officer | Sell | 5,000 | $116.69 |
| Jun 29, 2026 | Knudsen Jeannette Lofficer: Chief Legal Officer | Sell | 4,353 | $115.08 |
| Jun 25, 2026 | Marshall Tucker Hofficer: Chief Financial Officer | Sell | 3,630 | $111.05 |
| Jun 18, 2026 | SMUCKER MARK Tdirector, officer: CEO, Chair of Board | Sell | 13,000 | $115.11 |
| Jun 16, 2026 | Knudsen Jeannette Lofficer: Chief Legal Officer | Tax | 1,483 | $115.94 |
| Jun 16, 2026 | Penrose Jill Rofficer: Chief People Officer | Tax | 395 | $115.94 |
| Jun 16, 2026 | SMUCKER MARK Tdirector, officer: CEO, Chair of Board | Tax | 11,448 | $115.94 |
| Jun 16, 2026 | Marshall Tucker Hofficer: Chief Financial Officer | Tax | 587 | $115.94 |
| Jun 16, 2026 | Ferguson Robert Dofficer: Chief Product Supply Officer | Tax | 516 | $115.94 |
| Jun 16, 2026 | Marshall Tucker Hofficer: Chief Financial Officer | Tax | 683 | $115.94 |
| Jun 16, 2026 | SMUCKER MARK Tdirector, officer: CEO, Chair of Board | Tax | 1,229 | $115.94 |
Source: SJM SEC Form 4 filings, latest Jul 2, 2026. For informational purposes only — not investment advice.
See the full SJM insider & 13F page →The J. M. Smucker Company company profile
Overview
The J. M. Smucker Company (NYSE:SJM) is a leading American manufacturer and marketer of branded food and beverage products, founded in 1897 in Orrville, Ohio. What began as a small family business producing apple butter has evolved into a diversified consumer goods company with iconic brands spanning coffee, pet food, spreads, and snack foods. The company went public in 1994 and has grown through both organic expansion and strategic acquisitions, including the transformative 2023 acquisition of Hostess Brands. Today, Smucker operates as a major player in the packaged foods industry, serving consumers across multiple categories with well-known brands like Folgers, Jif, Milk-Bone, and Uncrustables.
Business
Smucker operates in the packaged foods industry, manufacturing and marketing branded consumer products across several key categories. The company's business is organized into distinct segments that reflect different product categories and consumer needs. The U.S. Retail Coffee segment represents one of Smucker's largest operations, featuring mainstream and premium coffee brands including Folgers (America's leading coffee brand), Café Bustelo (targeting Hispanic consumers), Dunkin' (licensed brand), and 1850 (premium positioning). This segment produces various coffee formats including traditional ground coffee, single-serve K-Cup pods, and instant coffee products. Coffee represents a significant portion of Smucker's revenue, though the exact percentage fluctuates with commodity pricing and market conditions. The U.S. Retail Pet Foods segment focuses on dog and cat nutrition products, with brands like Milk-Bone (dog treats), Meow Mix and 9Lives (cat food), and Kibbles 'n Bits (dog food). The company has strategically shifted this segment's mix toward higher-margin pet snacks, which now represent approximately 60% of the pet portfolio, with cat food comprising the remaining 40%. Pet snacks, particularly dog treats, have become a key growth driver as pet owners increasingly treat their animals as family members. The U.S. Retail Consumer Foods segment includes spreads, frozen handheld products, and baking ingredients. Key brands include Jif (the leading peanut butter brand in America), Smucker's fruit spreads and jams, and the rapidly growing Uncrustables frozen peanut butter and jelly sandwiches. Uncrustables has emerged as a standout growth platform, targeting busy families and on-the-go consumption occasions. The Sweet Baked Snacks segment was added through the 2023 Hostess Brands acquisition, bringing iconic snack cake brands like Twinkies, Ho Hos, and Ding Dongs to Smucker's portfolio. This segment targets the indulgent snacking category and represents the company's entry into the broader snack foods market. The International and Away From Home segment serves foodservice operators, institutions, and international markets with portion-control products, bulk coffee, and other food ingredients. This segment provides diversification beyond retail channels and includes growing businesses in Canada and other international markets.
Revenue model
Smucker generates revenue primarily through product sales to retailers, who then sell to end consumers. The company operates a traditional consumer packaged goods business model, manufacturing branded products and selling them through various retail channels including grocery stores, club stores, discount retailers, online platforms, and specialty stores like pet retailers. The company's customers are primarily retail buyers rather than end consumers directly. These include major grocery chains, big-box retailers like Walmart and Target, club stores like Costco, dollar stores, and increasingly, e-commerce platforms. Smucker also serves foodservice operators including restaurants, schools, and institutions through its Away From Home business. Revenue generation varies by segment but generally follows a wholesale distribution model. The company produces products in its manufacturing facilities, then sells them to retailers at wholesale prices. Retailers add their markup and sell to consumers. Smucker supports this model through consumer marketing, trade promotions, and retailer partnerships to drive consumer demand and secure shelf space. Several factors significantly impact Smucker's profitability and margins. Commodity price volatility represents the most significant external pressure, particularly for coffee (arabica beans), nuts (for peanut butter), and other agricultural inputs. When commodity prices rise, as seen with coffee reaching decade-high levels around $3 per pound, Smucker must implement pricing strategies to maintain margins, though this can reduce consumer demand. Consumer discretionary spending patterns affect different segments differently - economic pressure tends to hurt premium coffee and indulgent snacks while potentially benefiting value-oriented pet food and convenient meal solutions like Uncrustables. Private label competition intensifies during economic downturns as retailers push store brands and consumers seek lower-cost alternatives. Retail consolidation increases buyer power, potentially pressuring wholesale prices and requiring increased trade promotion spending. Conversely, successful product innovation, brand strength, and operational efficiency improvements can expand margins, as demonstrated by Uncrustables' rapid growth and the pet snacks portfolio's premiumization.
Competitive moat
Smucker's competitive moat is moderate, built primarily on brand recognition and market leadership positions rather than structural advantages. The company holds the #1 market share position in several categories including coffee (Folgers), peanut butter (Jif), and dog treats (Milk-Bone), which provides significant shelf space advantages and consumer loyalty. These brands benefit from decades of marketing investment and have achieved "pantry staple" status in American households. The company's scale advantages in manufacturing and distribution create some competitive protection, particularly in coffee where Smucker operates large roasting facilities and has established supply chain relationships. The Uncrustables business represents a stronger moat due to specialized manufacturing requirements, food safety complexities of frozen sandwiches, and first-mover advantage in the category. However, Smucker faces significant competitive pressures that limit its moat strength. The packaged foods industry is highly competitive with numerous large players including General Mills, Kraft Heinz, and Nestlé. Private label competition is intense, particularly in commoditized categories like coffee and peanut butter where retailers can offer similar products at lower prices. The company also faces premiumization pressure from smaller, innovative brands that target health-conscious consumers with organic, natural, or specialized products. Potential disruption comes from several sources. E-commerce platforms enable direct-to-consumer brands to bypass traditional retail relationships. Health and wellness trends challenge traditional packaged foods, with consumers increasingly seeking fresh, minimally processed alternatives. The rise of GLP-1 weight loss medications could potentially reduce snack food consumption, though Smucker has not yet observed material impacts. Additionally, changing consumer preferences, particularly among younger demographics, favor brands with stronger sustainability credentials and cleaner ingredient profiles, areas where traditional packaged food companies often lag smaller, more agile competitors.
Risks & safety
Smucker's margin of safety appears concerning based on recent financial metrics, though the company maintains some fundamental strengths. **Solvency and Cash Flow:** - Current ratio of 0.60 indicates potential liquidity stress, with current liabilities significantly exceeding current assets - Cash position of only $47 million is extremely low for a company of this size - Free cash flow of $151 million in Q3 2025 shows positive cash generation despite losses - Debt-to-equity ratio of 1.15 reflects moderate leverage, manageable but elevated **Profitability Concerns:** - Recent quarterly net loss of $662 million and negative EBITDA of $445 million raise immediate concerns - These losses appear to include significant one-time charges related to acquisitions and restructuring - Historical profitability demonstrates the company's underlying earning power when not impacted by exceptional items **Valuation Metrics:** - Negative P/E ratio due to recent losses makes traditional valuation difficult - Price-to-book ratio of 1.65 suggests reasonable valuation relative to book value - EV/EBITDA metrics are distorted by negative EBITDA in recent quarter **Other Considerations:** - Strong brand portfolio provides some asset value protection - Established market positions in defensive consumer staples categories - Management guidance suggests confidence in returning to profitability - Recent acquisition integration costs likely contributing to temporary margin pressure
Recent development
Over the past few years, Smucker has undergone significant strategic transformation focused on portfolio optimization and growth platform development. The most significant move was the 2023 acquisition of Hostess Brands for approximately $5.6 billion, adding iconic snack cake brands and expanding Smucker's presence in the indulgent snacking category. This acquisition represents a major strategic pivot toward higher-growth, higher-margin categories. The company has aggressively invested in Uncrustables as a key growth engine, with the frozen sandwich brand achieving remarkable expansion from around $300 million in annual sales several years ago to approaching $1 billion by 2026. Smucker opened a third production facility in Alabama and launched the brand's first national marketing campaign. The company has expanded distribution into new channels including convenience stores and internationally into Canada, while introducing product innovations like raspberry varieties and peanut butter-only options. In the pet foods segment, Smucker has strategically repositioned its portfolio through divestitures of certain brands and a focus on higher-margin categories. The company successfully shifted the segment mix to approximately 60% pet snacks and 40% cat food, moving away from lower-margin dog food. This strategy targets the premiumization trend in pet care as owners increasingly view pets as family members. The coffee business has faced integration challenges with the Hostess acquisition and commodity price pressures, with arabica coffee reaching decade-high prices around $3 per pound. Management has implemented pricing strategies across the entire coffee portfolio while investing in innovation including cold coffee experiences and expanding successful brands like Café Bustelo and Dunkin'. Operational efficiency initiatives have been a major focus, with the company implementing cost management programs and supply chain optimization. However, the integration of Hostess has created near-term challenges, with the Sweet Baked Snacks segment experiencing performance issues that management is addressing through improved fundamentals, distribution expansion, and new marketing campaigns planned for 2025.
SJM company profile · for informational purposes only — not investment advice.
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