The JM Smucker Company (NYSE:SJM) is included among the 15 Best Blue Chip Stocks with Growing Dividends.
On November 26, BofA raised its price target for The JM Smucker Company (NYSE:SJM) to $120 from $118, while maintaining a Neutral rating. The update followed the company’s second-quarter results, in which adjusted earnings per share exceeded BofA’s expectations. In response to this, the company raised its longer-term outlook, raising its FY27 adjusted EPS estimates to $10 from $9.8 and its FY28 guidance to $10.80 from $10.60. BofA noted management’s view that the momentum generated in FY26 could translate into algorithm-level growth or better in FY27, opening the door to over $10 EPS next year.
In its fiscal second quarter 2026 earnings update, The JM Smucker Company (NYSE:SJM) highlighted continued progress in its Sweet Baked Snacks business and the Hostess brand. Management noticed improved performance at convenience stores, and gains in volume share became more visible. While Sweet Baked Snacks is expected to be flat or slightly lower in the third quarter, the company expects growth to return in the fourth quarter. Pet treats are also expected to return to growth, with Uncrustables still on track to surpass $1 billion in sales by the end of the year.
The company’s coffee segment posted a profit margin of 18.2% in the second quarter. Margins are expected to rise in the third quarter, although they are likely to remain below 20%, before surpassing that level in the fourth quarter as tariff-related pressures ease. Overall, net sales reached $2.3 billion during the quarter, an increase of $58.9 million, or 3%, compared to the same period last year.
The JM Smucker Company (NYSE:SJM) is a leading American food and beverage company with a portfolio of well-known brands spanning coffee, consumer foods and pet foods.
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