THE J. M. SMUCKER COMPANY
In the published model solve dated 2026-Q2, anchored at $132.34, THE J. M. SMUCKER COMPANY (SJM) is priced for -3.5% growth. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed June 28, 2026 from SEC EDGAR filings.
• Smucker is a portfolio of staple food brands across coffee (Folgers, Dunkin', Café Bustelo), frozen handheld and spreads (Uncrustables, Jif), pet snacks (Milk-Bone, Meow Mix), and the troubled Hostess sweet-baked-snacks business it bought in 2023. • The price pays only about 16 times through-the-cycle operating income, low enough to sit below what even a slow decline in operating profit would justify, which is the market treating Smucker as a stable, lightly-growing cash payer rather than a gr
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794 institutional managers reported holding SJM in 13F filings for the quarter ended 2026-03-31. Together they hold about 89% of the company; the top 10 hold 46%. 101 opened new positions that quarter. Held by Vanguard Group, BlackRock, State Street, among others. On the short side, 5.2M shares were sold short as of the 2026-06-15 count, about 5% of shares outstanding (2.5 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
SJM has cut its share count 1.4% over the past five years, spending $1.02B on repurchases. It pays a dividend, and has paid one every year in our records (17 and counting); the current rate is $4.40 a share annually. Cash returned over the past three years: $1.36B in dividends and $381.70M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at SJM over the trailing three years: 2023: 1 buy totaling $125k; 2024: 1 buy totaling $110k; 2025: 2 buys totaling $201k; 2026: 1 buy totaling $100k. 9 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
SJM's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-06-21 | -0.4% | -8.5% |
| 2023-08-30 | +0.7% | -21.5% |
| 2023-12-06 | +4.7% | +11.9% |
| 2024-02-28 | -2.7% | -6.8% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
SJM's latest 8-K filings: 2026-08-26 (items 2.02, 9.01); 2026-08-17 (items 5.07); 2026-06-09 (items 2.02, 9.01); 2026-03-03 (items 5.02); 2026-02-26 (items 5.02, 7.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: June 28, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.