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Campbell's Issues Downbeat Outlook, Cuts Dividend Amid Inflation Headwinds
US Markets

Campbell's Issues Downbeat Outlook, Cuts Dividend Amid Inflation Headwinds

Campbell's (CPB) guided for a soft fiscal 2027 outlook amid persistent inflation worries and cut quarterly dividend, sending the packaged food company's shares lower on Thursday.The company expects adjusted per-share earnings of $1.65 to $1.80 and a 2% to 4% decline in net sales. Analysts in a FactSet poll are looking for non-GAAP EPS of $1.83 and a revenue drop of 1%. For fiscal 2026, adjusted EPS plunged 27% to $2.17 as sales declined 5% to $9.74 billion."Our fiscal 2027 outlook reflects an external environment that we expect will remain volatile, as well as another year of elevated inflation that will continue to pressure margins, particularly in the first half," Chief Executive Mick Beekhuizen said in prepared remarks for the earnings conference call. "However, our outlook also reflects the benefits of productivity, cost savings initiatives and pricing that we expect to build throughout the year and increasingly support margin recovery."Campbell's slashed its quarterly dividend to $0.25 per share from $0.39."This action is expected to reduce annual cash outflows by approximately $170 million, which we intend to direct towards debt reduction," Chief Financial Officer Todd Cunfer said.The company's shares plunged 9.6% intraday Thursday, and have slid 23% so far this year.US inflation has been running above the Federal Reserve's 2% target for more than five years, with some Fed officials recently calling for an interest rate hike amid renewed hostilities between the US and Iran that have sent oil prices higher.US consumer sentiment dropped in August amid concerns that inflation will continue to be high for the "foreseeable future," University of Michigan said Friday.Campbell's adjusted EPS for fiscal fourth quarter ended Aug. 2 declined to $0.39 from $0.62 a year earlier. Sales dropped 8% to $2.14 billion. Both were in line with consensus estimates."Our fourth-quarter results reflected many of the same challenges we have faced in recent quarters, with profitability coming in as expected," Beekhuizen said. "Make no mistake, our results remain unacceptable. But instead of waiting for the environment to improve around us, we are addressing reality head-on."Campbell's launched a cost-cutting program to generate $500 million of savings by fiscal 2030. The program "will transform how the company manages and deploys its direct and indirect spending," the company said.RBC Capital Markets flagged a challenging environment for packaged food in an Aug. 31 note."With more pricing ahead for both (Campbell's) and many of its peers, we struggle to envision a positive volume backdrop for (fiscal 2027) amid consumer health that we believe has worsened in recent months," RBC Co-Head of Global Consumer and Retail Research Nik Modi wrote in the note.Last month, food company Hormel Foods (HRL) lowered its fiscal 2026 sales outlook as it reported mixed third-quarter results, with the top line pressured amid a challenging consumer environment. Flowers Foods (FLO) cut its full-year outlook and reported lower-than-expected fiscal second-quarter results. J.M. Smucker (SJM), another food producer, lifted its full-year outlook and reported stronger-than-expected fiscal first-quarter results, with earnings getting a boost from tariff refunds.Price: $21.76, Change: $-2.03, Percent Change: -8.52%

$CPB$FLO$HRL$SJM
Insider Trading

J M Smucker Insider Sold Shares Worth $2,440,547, According to a Recent SEC Filing

Tucker H Marshall, Chief Financial Officer, on August 28, 2026, sold 18,482 shares in J M Smucker (SJM) for $2,440,547. Following the Form 4 filing with the SEC, Marshall has control over a total of 40,225 common shares of the company, with 38,699 shares held directly and 1,526 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/91419/000009141926000081/xslF345X05/wk-form4_1788209286.xml

$SJM
Wire

J.M. Smucker Building Momentum on Improving Coffee Trends Through Fiscal 2027, UBS Says

J.M. Smucker (SJM) is set for stronger earnings growth through fiscal 2027 as coffee trends improve, other brands gain momentum, cash flow rises and the company leaves room for further guidance increases, UBS said in a note emailed Thursday.The company's updated fiscal 2027 outlook still looks cautious, with adjusted earnings per share now expected at $10.50 to $11 and net sales expected to fall 1% to 2% as coffee results could come in better than management expects since demand has held up well, while lower coffee costs should start helping the business, according to the note.UBS said it also expects brands including Uncrustables, Cafe Bustelo and Meow Mix to support growth, while the Hostess business could improve later in the fiscal year.J.M. Smucker is also ahead of schedule on debt reduction and reinvestment plans, while free cash flow guidance has increased by $100 million to about $1.1 billion, the investment firm said.UBS maintained its buy rating for J.M. Smucker and raised its price target to $149 from $142.Price: $133.59, Change: $+2.69, Percent Change: +2.06%

$SJM
Wire

J.M. Smucker's Focus on Organic Growth Bearing Fruit, RBC Says

J.M. Smucker (SJM) is starting to benefit from its focus on organic growth as demonstrated by its fiscal Q1 performance, RBC Capital Markets said in a note Thursday.The report said coffee and Uncrustables powered the quarter's results, which also benefited from tariff refunds."SJM's momentum, despite volatile macros and commodities, drove results past an already elevated buyside bar," it said.The report said core businesses are showing healthy growth and the firm is turning around underperforming parts of its portfolio.RBC kept its outperform rating and raised its price target to $150 from $135 after raising its fiscal 2027 estimates.Price: $132.62, Change: $+1.72, Percent Change: +1.31%

$SJM
Sectors

Sector Update: Consumer Stocks Softer Late Afternoon

Consumer stocks were lower late Wednesday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) fractionally lower and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) shedding 0.6%.In corporate news, Nike (NKE) shares fell 2.2% after Truist downgraded the company to hold from buy while cutting its price target to $42 from $47.Bath & Body Works (BBWI) shares jumped past 7% after it raised its full-year earnings outlook following a fiscal Q2 beat amid tariff refund tailwinds.Abercrombie & Fitch (ANF) raised its full-year outlook on Wednesday as tariff-related refund benefits helped the apparel retailer post fiscal Q2 results above Wall Street's estimates. Abercrombie shares surged 38%.J.M. Smucker (SJM) lifted its full-year outlook on Wednesday as the food producer reported stronger-than-expected fiscal Q1 results, with earnings getting a boost from tariff refunds. Its shares gained 5.6%.Kraft Heinz (KHC) said Wednesday that it will transfer the listing of its stock to the New York Stock Exchange. The company said the shares are expected to begin trading on the NYSE on Sept. 14 under its existing ticker symbol KHC. Kraft Heinz shares were down 1.9%.

$ANF$BBWI$KHC$NKE$SJM
Sectors

Sector Update: Consumer Stocks Decline in Afternoon Trading

Consumer stocks were lower Wednesday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) decreasing 0.2% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) shedding 0.7%.In corporate news, Kraft Heinz (KHC) said Wednesday that it will transfer the listing of its stock to the New York Stock Exchange. The company said the shares are expected to begin trading on the NYSE on Sept. 14 under its existing ticker symbol KHC. Kraft Heinz shares were down 3.3%.Abercrombie & Fitch (ANF) raised its full-year outlook on Wednesday as tariff-related refund benefits helped the apparel retailer post fiscal Q2 results above Wall Street's estimates. Abercrombie shares surged 31%.J.M. Smucker (SJM) lifted its full-year outlook on Wednesday as the food producer reported stronger-than-expected fiscal Q1 results, with earnings getting a boost from tariff refunds. Its shares gained 4.1%.

$ANF$KHC$SJM
J.M. Smucker Raises Full-Year Outlook Following First-Quarter Beat
US Markets

J.M. Smucker Raises Full-Year Outlook Following First-Quarter Beat

J.M. Smucker (SJM) lifted its full-year outlook on Wednesday as the food producer reported stronger-than-expected fiscal first-quarter results, with earnings getting a boost from tariff refunds.The Jif peanut butter maker now anticipates adjusted earnings of $10.50 to $11 per share for fiscal 2027, up from its previous guidance of $9.75 to $10.25. The current FactSet consensus is non-GAAP EPS of $10.07."Our updated guidance reflects stronger-than-anticipated momentum across the business and a favorable net benefit of approximately $0.60 related to the receipt of tariff refunds," Chief Financial Officer Tucker Marshall said in prepared remarks.The company received about $115 million in tariff refunds in the first quarter, reflecting a $0.84-per-share benefit.Earlier this year, the US Supreme Court ruled that the Trump administration lacked authority under the International Emergency Economic Powers Act to impose certain tariffs, paving the way for refunds to companies that had paid the duties.Sales are now expected to decline by 1% to 2% for the ongoing fiscal year, compared with prior projections for a 3% to 4% decrease. The Street is looking for sales of $8.78 billion, reflecting a 3% drop. The revised sales outlook reflects improvements in volume and mix, as well as net price realization, Marshall said.The stock gained 3.2% in Wednesday trade.For the quarter ended July, the Folgers and Cafe Bustelo coffee brands owner's adjusted EPS jumped 71% year over year to $3.24, including the $0.84 benefit from tariff-related refunds. The average analyst estimate called for $2.22.Sales rose 5% to $2.22 billion, ahead of the market's forecast for $2.13 billion. Price and volume gains in coffee, as well as unit growth in the company's Uncrustables sandwich brand, helped drive topline higher. Comparable net sales grew 5%.RBC Capital Markets expected J.M. Smucker to deliver quarterly results above Wall Street's estimates, reflecting strength in the coffee segment and the Uncrustables sandwich brand, according to a note sent Tuesday.By segment, revenue rose 13% in US retail coffee and 3% in frozen handheld and spreads. Pet food sales ticked up 1% in the US, while sweet baked snacks recorded a 7% decline in revenue.For the ongoing three-month period, the company expects adjusted EPS to increase in the low-20% range, with sales seen falling 3% to 4%, Marshall said in the prepared remarks. The Street is looking for non-GAAP EPS of $2.56 and sales to decrease by 4.1%.Earlier in August, packaged food company Kraft Heinz (KHC) narrowed its full-year EPS outlook after reporting better-than-expected fiscal second-quarter results. Beverage company Keurig Dr Pepper (KDP) reiterated its 2026 guidance as its second-quarter results topped market expectations.Price: $131.94, Change: $+6.49, Percent Change: +5.17%

$KDP$KHC$SJM
Sectors

Sector Update: Consumer Stocks Mixed Premarket Wednesday

Consumer stocks were mixed premarket Wednesday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) up 0.3% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) 0.2% lower.Abercrombie & Fitch (ANF) shares were up more than 12% after the company posted higher fiscal Q2 adjusted net income and net sales, and raised its 2026 outlook.JM Smucker (SJM) stock was up more than 4% after the company reported higher fiscal Q1 adjusted earnings and revenue, and lifted its fiscal 2027 guidance.Kohl's (KSS) shares were down more than 4% after the company posted a decline in fiscal Q2 net sales.

$ANF$KSS$SJM$XLP$XLY
Commodities

Exchange-Traded Funds Lower, Equity Futures Mixed Pre-Bell Wednesday Amid Inflation Data Release

The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was down 0.1%, and the actively traded Invesco QQQ Trust (QQQ) was 0.3% lower in Wednesday's premarket activity as July PCE inflation came in above expectations.US stock futures were mixed, with S&P 500 Index futures down 0.1%, Dow Jones Industrial Average futures gaining 0.03%, and Nasdaq futures slipping 0.2% before the start of regular trading.Mortgage applications fell by 1% in the week ended Aug. 21, a reflection of slightly higher average 30-year fixed mortgage rates, according to Mortgage Bankers Association data released Wednesday.Personal income rose by 0.4% in July following June's 0.2% gain, larger than the expected 0.2% gain in a survey conducted by Bloomberg as of 6:10 am ET.New orders for US durable goods rose by 1.1% in July following an increase of 0.5% in the previous month, compared with the expectations for a smaller increase of 0.5% in a survey compiled by Bloomberg.Weekly crude oil stocks data will be released at 10:30 am ET.Richmond Fed President Tom Barkin is slated to speak on Wednesday.In premarket activity, bitcoin was down by 0.7%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 0.7% lower, Ether ETF (EETH) advanced 0.03%, and Bitcoin & Ether Market Cap Weight ETF (BETH) retreated 0.01%.Power Play:TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) retreated 0.2%, the iShares US Technology ETF (IYW) was 0.3% lower, and the iShares Expanded Tech Sector ETF (IGM) was up 0.5%. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) was 1.8% higher, while the iShares Semiconductor ETF (SOXX) declined by 0.1%.Intuit (INTU) shares were down more than 9% after the company's outlook for fiscal Q1 and fiscal 2027 missed analyst expectations.Winners and Losers:Health CareThe State Street Health Care Select Sector SPDR ETF (XLV) retreated 0.1%, the Vanguard Health Care Index Fund (VHT) advanced 0.8%, while the iShares US Healthcare ETF (IYH) declined 0.9%. The iShares Biotechnology ETF (IBB) was 0.1% higher.Summit Therapeutics (SMMT) stock was up more than 9% premarket after the company said late Tuesday its partner Akeso reported "positive" results from a phase 3 trial of ivonescimab plus chemotherapy, compared with durvalumab plus chemotherapy as a first-line treatment of advanced biliary tract cancer.FinancialThe State Street Financial Select Sector SPDR ETF (XLF) advanced 0.1%. Direxion Daily Financial Bull 3X Shares (FAS) was up 0.5%, while its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), was 0.03% lower.Trupanion (TRUP) shares were down 4% in premarket activity after Piper Sandler downgraded the company to neutral from overweight and cut its price target to $32 from $45.ConsumerThe State Street Consumer Staples Select Sector SPDR ETF (XLP) was up 0.2%, the Vanguard Consumer Staples Index Fund ETF Shares (VDC) gained 0.6%, and the iShares US Consumer Staples ETF (IYK) was inactive. The State Street Consumer Discretionary Select Sector SPDR ETF (XLY) advanced 0.1%. The VanEck Retail ETF (RTH) was inactive, while the State Street SPDR S&P Retail ETF (XRT) was 0.1% higher.JM Smucker (SJM) shares were up more than 3% pre-bell after the company reported higher fiscal Q1 adjusted earnings and revenue.IndustrialThe State Street Industrial Select Sector SPDR ETF (XLI) advanced 0.6%, while the Vanguard Industrials Index Fund (VIS) was inactive and the iShares US Industrials ETF (IYJ) was flat.SFL (SFL) stock was up more than 2% before the opening bell after the company posted higher preliminary Q2 basic earnings and operating revenue.EnergyThe iShares US Energy ETF (IYE) was flat, while the State Street Energy Select Sector SPDR ETF (XLE) was down by 0.7%.Eni (E) stock was down more than 1% before market open after losing 2% in the prior session. The company said Tuesday it is working with project partners BP (BP) and Egyptian Petroleum to reach a final investment decision in a few months regarding the major gas discovery Denise West in Egypt's Temsah Concession. BP stock was 1.7% lower.CommoditiesFront-month US West Texas Intermediate crude oil retreated by 2.5% to $80.32 per barrel on the New York Mercantile Exchange. Natural gas was up 2.5% at $2.84 per 1 million British Thermal Units. The United States Oil Fund (USO) decreased 1.1%, while the United States Natural Gas Fund (UNG) was 1.1% higher.Gold futures for November were down by 0.3% at $4,682.80 an ounce on the Comex. Silver futures gained 0.2% to reach $69.60 an ounce. SPDR Gold Shares (GLD) decreased 1%, and the iShares Silver Trust (SLV) was 0.3% lower.

Dow JonesNasdaq CompositeS&P 500$BETH$BITO$BP$E$EEM$EETH$EXI$FAS$FAZ$GLD$IBB$IGM$IGV$INTU$IPK$IVV$IWM$IYE$IYH$IYJ$IYK$IYW$PMR$QQQ$RTH$SFL$SJM$SLV$SMMT$SOXX$SPY$TRUP$UNG$USO$VDC$VHT$VIS$XLE$XLF$XLI$XLK$XLP$XLV$XLY$XRT$XSD
Equity Futures Mixed Pre-Bell Ahead of Key Inflation Report, Nvidia Earnings
US Markets

Equity Futures Mixed Pre-Bell Ahead of Key Inflation Report, Nvidia Earnings

The main US equity measures were mixed in premarket activity Wednesday as traders await a key inflation report and the latest financial results of tech bellwether Nvidia (NVDA).The Nasdaq was down 0.1%, the Dow Jones Industrial Average was up 0.1%, while the S&P 500 was little changed before the opening bell. The three indexes finished Tuesday trading higher, with the Dow rising for a third consecutive session.The personal income and outlays report for July is scheduled to be released at 8:30 am ET. The report includes the personal consumption expenditure core price index, the Federal Reserve's preferred inflation metric, as well as data on consumer spending.Data are expected to show that core PCE -- which excludes food and energy prices -- increased 0.2% sequentially and 3.3% annually, according to a Bloomberg-compiled consensus.Treasury yields were mixed in premarket action, with the two-year rate retreating one basis point to 4.2% and the 10-year rate little changed at 4.64%.On Tuesday, Boston Fed President Susan Collins said the Fed may have to raise interest rates soon, unless inflation continues to cool.Markets are currently pricing in a 64% probability that the central bank will keep its benchmark rate steady next month, with the remaining odds in favor of a 25-basis-point hike, according to the CME FedWatch tool.The second estimate report of the US second-quarter gross domestic product is also out at 8:30 am, along with the durable goods orders report for last month. Wednesday's economic calendar also has the weekly mortgage applications bulletin and weekly EIA domestic petroleum inventories report.Richmond Fed President Thomas Barkin is slated to speak at 11:45 am.Nvidia shares were up 0.4% pre-bell, following a 2.2% increase Tuesday. The chipmaking giant is scheduled to report its fiscal second-quarter results after the markets close Wednesday. The current consensus on FactSet is for non-GAAP earnings of $2.09 a share on revenue of $92.27 billion.In a recent note to clients, Morgan Stanley said Nvidia is expected to post strong second-quarter results, though investors are likely to focus more on its longer-term growth drivers.CrowdStrike (CRWD), Salesforce (CRM), Synopsys (SNPS), HP (HPQ) and Urban Outfitters (URBN) are also scheduled to report results in the after hours, while Williams-Sonoma (WSM), J.M. Smucker (SJM), Abercrombie & Fitch (ANF), Bath & Body Works (BBWI) and Kohl's (KSS) post before the bell, among others.West Texas Intermediate crude oil dropped 2.7% to $80.18 a barrel before the open, while Brent fell 3% to $85.97.The foreign ministers of Iran and Oman discussed a proposed framework Tuesday to establish "a joint temporary navigational corridor" through the Strait of Hormuz and implement a joint project to clear the crucial waterway of mines, news outlets reported. The two countries also reportedly agreed to continue technical talks for the future administration of the strait.Intuit (INTU) shares were down 9.8% pre-bell Wednesday after the tax and finance software maker overnight issued a soft fiscal 2027 outlook.Zoom Communications (ZM) fell 6.9% in premarket activity as the video communication platform late Tuesday provided a downbeat earnings outlook for its fiscal third quarter following a second-quarter beat.Gold fell 0.3% to $4,679 per troy ounce, while bitcoin dropped 0.7% to $78,340.

Dow JonesNasdaq CompositeS&P 500$ANF$BBWI$CRM$CRWD$HPQ$INTU$KSS$NVDA$SJM$SNPS$URBN$WSM$ZM
J.M. Smucker to Top First-Quarter Views Amid Strength in Coffee, Uncrustables, RBC Says
US Markets

J.M. Smucker to Top First-Quarter Views Amid Strength in Coffee, Uncrustables, RBC Says

J.M. Smucker's (SJM) is likely to deliver stronger-than-expected fiscal first-quarter results that reflect strength in the coffee segment and its Uncrustables sandwich brand, RBC Capital Markets said in a note sent Tuesday.The Jif peanut butter maker is scheduled to release quarterly results on Wednesday.Circana data show J.M. Smucker's organic revenue growth of 4% year over year, compared with the consensus for a 0.6% rise, RBC said."Consumption trends look solid (particularly for coffee and Uncrustables) and our channel checks have come back positive throughout the quarter," RBC Co-Head of Global Consumer and Retail Research Nik Modi wrote in the note.The coffee segment's sales likely grew about 10%, the brokerage said. The frozen handhelds and spreads division's revenue is seen accelerating to 4.8% from 0.8% in the previous quarter, driven by Uncrustables and slight improvement in nut butters.The owner of coffee brands including Folgers has apparently not reduced prices for coffee, according to RBC."Given our understanding that (J.M. Smucker) has reverted its decision to cut list prices on coffee, we believe that this is a tailwind to (full-year) organic growth," Modi said. "On the bottom line, we believe this will have a neutral to slightly positive impact, depending on the level of promotions that the company decides to run (which may change based on competitive dynamics and commodity prices)."RBC is looking at earnings per share of $2.18 on net sales of $2.12 billion. The brokerage put consensus estimates at $2.21 for EPS and $2.13 billion for revenue.In June, J.M. Smucker Chief Financial Officer Tucker Marshall said first-quarter adjusted EPS was expected to increase by a mid-teen percentage, driven partly by gross profit gains in US retail coffee. Net sales were projected to be flat, with higher prices offsetting unfavorable volume and mix, he said.General Mills (GIS) and Kraft Heinz (KHC) have reported higher-than-expected results for their most recent quarter.J.M. Smucker's guidance issued in June includes adjusted EPS between $9.75 and $10.25 for fiscal 2027. The midpoint of the range is below the current FactSet-polled consensus of $10.07. The company reported adjusted EPS of $9.15 for fiscal 2026.The company has guided for full-year sales to drop by 3% to 4% from the previous fiscal year's $9.05 billion print. Analysts are looking for sales of $8.78 billion.RBC has an outperform rating on the stock, with a $135 price target. J.M. Smucker's shares were down 0.7% intraday Tuesday, but have risen 28% so far this year."We believe (J.M. Smucker's) current valuation does not give enough credit to the company's brands and the categories it plays in, resulting in a risk-to-reward that skews positive," Modi said.Price: $125.10, Change: $-0.78, Percent Change: -0.62%

$GIS$KHC$SJM
Wire

J.M. Smucker May Overdeliver in Fiscal Q1 on Strong Coffee, Uncrustables Demand, RBC Says

J.M. Smucker (SJM) could overdeliver relative to expectations in fiscal Q1, driven by strong coffee and Uncrustables demand, possible upside from tariff refunds, and no coffee price cuts, RBC Capital Markets said in a note Monday.The company is scheduled to deliver first-quarter fiscal 2027 results Wednesday.The analysts said Circana data show 4% year-over-year growth in consumption trends, well above consensus expectations for 0.6% organic sales growth, suggesting upside to estimates.Coffee is up about 10%, while Frozen Handhelds and Spreads rose 4.8%, driven by strong Uncrustables growth.The analysts said channel checks suggest J.M. Smucker has decided not to cut coffee prices due to uncertainty and volatility in the green coffee market.Instead, the company is expected to invest in trade promotions, which give it more flexibility than changing list prices."On the bottom line, we believe this will have a neutral to slightly positive impact, depending on the level of promotions that the company decides to run," the analysts added.RBC has an Outperform rating and a $135 price target on J.M. Smucker.Price: $125.04, Change: $-0.84, Percent Change: -0.66%

$SJM
Wire

J.M. Smucker Risk/Reward Skews Positive Into Q1 Print, UBS says

J.M. Smucker (SJM) is expected to reiterate its fiscal 2027 guidance on the base case scenario, when it reports Q1 results on Wednesday before the markets open, UBS said in a note emailed Thursday.The company is believed to be offering a high degree of visibility to long-term top-line growth, and near-term earnings expectations appear achievable, UBS noted, adding that risk/reward skews to the upside given shares still trade at a discount to packaged food peers despite a more durable long-term growth algorithm.UBS said gross margin expansion in the quarter is likely to be more modest than for the full year given a lack of deflation, with coffee pricing offsetting declining volumes as price increases begin to roll off next quarter.The firm maintained its buy rating on the stock and raised its price target to $142 from $130 prior, citing higher estimates and peer multiple expansion.Price: $123.89, Change: $+1.05, Percent Change: +0.85%

$SJM
Insider Trading

J M Smucker Insider Sold Shares Worth $583,475, According to a Recent SEC Filing

Jill R Penrose, Chief People Officer, on June 29, 2026, sold 5,000 shares in J M Smucker (SJM) for $583,475. Following the Form 4 filing with the SEC, Penrose has control over a total of 18,527 common shares of the company, with 15,795 shares held directly and 2,732 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/91419/000009141926000071/xslF345X05/wk-form4_1782852131.xml

$SJM
Insider Trading

J M Smucker Insider Sold Shares Worth $500,943, According to a Recent SEC Filing

Jeannette L Knudsen, Chief Legal Officer, on June 26, 2026, sold 4,353 shares in J M Smucker (SJM) for $500,943. Following the Form 4 filing with the SEC, Knudsen has control over a total of 22,034 common shares of the company, with 16,835 shares held directly and 5,199 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/91419/000009141926000069/xslF345X05/wk-form4_1782768569.xml

$SJM
Insider Trading

J M Smucker Insider Sold Shares Worth $403,112, According to a Recent SEC Filing

Tucker H Marshall, Chief Financial Officer, on June 24, 2026, sold 3,630 shares in J M Smucker (SJM) for $403,112. Following the Form 4 filing with the SEC, Marshall has control over a total of 40,225 common shares of the company, with 38,699 shares held directly and 1,526 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/91419/000009141926000068/xslF345X05/wk-form4_1782419537.xml

$SJM
Insider Trading

J M Smucker Insider Sold Shares Worth $1,496,430, According to a Recent SEC Filing

Mark T Smucker, Director, Chief Executive Officer, Chair of Board, on June 17, 2026, sold 13,000 shares in J M Smucker (SJM) for $1,496,430. Following the Form 4 filing with the SEC, Smucker has control over a total of 239,799 common shares of the company, with 82,009 shares held directly and 157,790 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/91419/000009141926000067/xslF345X05/wk-form4_1781833457.xml

$SJM
Wire

J.M. Smucker's EPS Outlook Offset by Weaker Sales Guidance, UBS Says

J.M. Smucker (SJM) may see a mixed investor reaction to its fiscal 2027 outlook, with UBS Securities saying stronger earnings guidance was offset by weaker-than-expected net sales guidance.The company projected fiscal 2027 adjusted EPS of $9.75 to $10.25, above consensus expectations, while forecasting a 3% to 4% decline in net sales, below both UBS estimates and Street forecasts, the brokerage said.UBS said in a note Tuesday that investors are likely to focus on how much conservatism is embedded in the company's net sales outlook, particularly as management expects a stronger first-quarter start with flat sales and mid-teens adjusted EPS growth.The investment firm said the quarter itself was solid, with stronger organic sales and lower SG&A offsetting slightly weaker gross margins, while noting that questions around the company's top-line outlook could drive a mixed near-term reaction.UBS has a buy rating and a $121 price target on the stock.Shares of J.M. Smucker were up 3.8% in Wednesday afternoon trading.Price: $116.68, Change: $+4.29, Percent Change: +3.82%

$SJM
J.M. Smucker's Cost Inflation Outlook 'Relatively Benign' Despite Iran War Headwinds, Morgan Stanley Says
US Markets

J.M. Smucker's Cost Inflation Outlook 'Relatively Benign' Despite Iran War Headwinds, Morgan Stanley Says

J.M. Smucker's (SJM) cost inflation outlook was "relatively benign" despite headwinds from the ongoing Middle East conflict, with the food producer confident of managing the pressure, Morgan Stanley said in note e-mailed Wednesday.On Tuesday, J.M. Smucker Chief Financial Officer Tucker Marshall said the Jif peanut butter maker expected cost inflation of low-single-digits for the year, excluding green coffee and tariffs.Morgan Stanley said it was "somewhat surprised by the relatively benign" cost outlook following the US-Israel war with Iran, compared with Campbell's (CPB) projection for a mid-single-digit percentage increase.The Iran war started at the end of February, disrupting energy shipments through the crucial Strait of Hormuz and leading to broad-based inflation concerns."While (the cost inflation outlook) could ultimately end up higher depending on the duration of the conflict, (J.M. Smucker's) management sounded confident in its ability to manage through the pressure," Morgan Stanley said in a note to clients. "We do not view it as a major issue given flexibility/conservatism elsewhere in the guide."The brokerage raised its price target on the J.M. Smucker stock to $110 from $106 while maintaining its equal-weight rating.The company's shares were up 3.4% in Wednesday afternoon trade, bringing its year-to-date gains to 19%."(J.M. Smucker) also framed the outlook as prudent several times, which appears particularly true on the topline, with (2027) sales guided down 3% to 4%, including (first-quarter roughly) flat, implying a steep deceleration post-(first quarter) as lower coffee prices flow through with very limited volume elasticity assumed," Morgan Stanley said.J.M. Smucker's margin visibility seems solid, mainly driven by the coffee segment, which is expected to benefit from the mechanical lap of tariffs and lower green coffee costs, despite headwinds related to lower prices and volume reduction, the brokerage said. Potential tariff refunds could also be another source of possible upside for the Folgers and Cafe Bustelo coffee brands owner, according to the note.Morgan Stanley raised its fiscal 2027 earnings estimate for J.M. Smucker to reflect its robust fourth-quarter results and lower-than-expected cost pressure.Price: $116.02, Change: $+3.63, Percent Change: +3.23%

$CPB$SJM
Wire

J.M. Smucker to Benefit From Green Coffee Price Deflation, RBC Says

J.M. Smucker's (SJM) profitability will benefit from deflation in green coffee prices, RBC Capital Markets said in a Wednesday note.With positive early indications for this year's coffee crop, the company has begun reducing prices through increased trade investments and is set to cut the list price in the sustained deflationary environment, RBC analysts said. They expect the falling coffee prices to negatively impact revenue but positively impact profit, with its Coffee division's profit margins returning to the high 20s.J.M. Smucker's posted better-than-expected fiscal Q4 organic sales growth and EPS, driven by its Sweet Baked Snacks division, which benefited from a faster-than-expected recovery from a fire in February at the company's manufacturing plant in Emporia, Kansas, according to the note.The company's stock price gains post-earnings show that its focus on organic growth and prudent guidance has pleased investors, the note said.RBC maintained the company's stock rating at outperform and raised the price target to $135 from $130.Price: $116.67, Change: $+4.28, Percent Change: +3.81%

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