SJM Stock Summary and Trading Ideas (JM Smucker | NYSE:SJM)

J.M. Smucker is a packaged food company that primarily sells through the US retail channel (77% of forecast fiscal 2024 revenue), with the remaining share consisting of Hostess, foodservice, and international (primarily Canada). Following the divestiture of several pet foods brands and private-label products that constituted about $1.5 billion of sales, retail coffee is now 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.

JM Smucker trades on the NYSE stock market under the symbol SJM.

As of April 19, 2024, SJM stock price climbed to $113.39 with 337,412 million shares trading.

SJM has a beta of 0.43, meaning it tends to be less sensitive to market movements. SJM has a correlation of 0.05 to the broad based SPY ETF.

SJM has a market cap of $11.89 billion. This is considered a Large Cap stock.

Last quarter JM Smucker reported $2 billion in Revenue and $2.48 earnings per share. This beat revenue expectation by $9 million and exceeded earnings estimates by $.21.

In the last 3 years, SJM stock traded as high as $163.07 and as low as $107.33.

The top ETF exchange traded funds that SJM belongs to (by Net Assets): VTI, VOO, VO, SDY, NOBL.

SJM has underperformed the market in the last year with a price return of -22.9% while the SPY ETF gained +21.8%. SJM has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -11.5% and -4.5%, respectively, while the SPY returned +4.8% and -2.9%, respectively.

SJM support price is $109.55 and resistance is $112.65 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SJM stock will trade within this expected range on the day.