Syeda Seirut Javed
2 min read
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The J. M. Smucker Company (NYSE:SJM) is one of the 10 stocks that Jim Cramer and analysts are watching. On June 11, Stifel analyst Matthew Smith cut the price target on the stock from $120 to $106 and maintained a Hold rating.
The firm noted that while the company posted a stronger-than-expected fourth quarter, its FY26 outlook suggests an 11% drop in EPS, which came in about 13% below the firm’s forecast. The analyst lowered the FY26 EPS estimate by $ 1.43 to $8.95, mainly due to weaker performance in Coffee and Sweet Baked Goods. On the same day, several other firms, including Stifel, Barclays, and BofA, revised their price targets downward on J. M. Smucker (NYSE:SJM) stock.
A wholesaler distributing peanut butter, fruit spreads and specialty spreads to a retailer.
On June 10, Cramer discussed The J. M. Smucker Company (NYSE:SJM) and said:
“But let’s look at the other way. Let’s talk about what old folks were interested in. There’s a company called J.M. Smucker. It makes coffee jams and pet food, Uncrustables, Twinkies. It’s covered by 15 different firms… It’s real. We’ve all bought their stuff. Two years ago, right at the time that the GLP-1 drugs came of age and we went nuts for the weight loss shots, J.M. Smucker didn’t seem to notice. They ran into the fire, they bought Hostess, that’s right, Hostess, maker of Twinkies, for $5.6 billion in November of 2023. Today, they took a $980 million impairment charge for that transaction. I doubt that’ll be the last one, as Twinkies and Ho Hos may not turn very well. Let’s just say they’re going nowhere. They also took a big hit from tariffs and higher coffee costs. Smucker’s talking about a 20% boost in coffee prices. That’s not going to help demand. In the wake of the news, the stock plunged more than 15%. Nearly every analyst who covers it had tough things to say about the business, all major firms.”
The J. M. Smucker Company (NYSE:SJM) produces and sells a wide range of branded food and beverage products, including coffee, snacks, spreads, pet food, baked goods, and frozen items.
While we acknowledge the potential of SJM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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Disclosure: None.
