J.M. Smucker (SJM) stock
Consumer Staples · Packaged Foods & Meats
J.M. Smucker (SJM) is a Packaged Foods & Meats company in the Consumer Staples sector, headquartered in Orrville, Ohio. As of October 23, 2026, SJM closed at $129.98, a market capitalization of $13.88 billion, the 459th largest company in the S&P 500. Over the last twelve months it generated $9.16 billion in revenue (+5% year over year) and $1.59 billion in free cash flow. The stock trades at 60.7x trailing earnings and 11.8x forward earnings.
- 1-year total return: +31.9% (dividends reinvested)
- 5-year return: +4.7% a year
- 52-week range: $88.25 – $135.89
- Gross margin 38.0%, operating margin 17.9%
- Dividend yield: 3.45%, 24 straight years of increases
- FI Handbook report card: C across 10 metrics
- 30th largest of 34 Consumer Staples stocks in the S&P 500
SJM price chart
1Y price change: +26.7% (price only; total returns below include dividends)
| Total return | 1M | YTD | 1Y | 3Y | 5Y | 10Y | MAX |
|---|---|---|---|---|---|---|---|
| SJM | +6.2% | +37.0% | +31.9% | +9.2% | +4.7% | +3.2% | +8.1% |
Dividends reinvested. 3Y and longer are annualized; MAX is annualized since 1994.
SJM key statistics
- Market cap
- $13.9B
- #459 in S&P 500
- P/E (TTM)
- 60.7x
- Forward P/E
- 11.8x
- EPS (TTM)
- $2.14
- Revenue (TTM)
- $9.2B
- +5%
- Free cash flow
- $1.6B
- Gross margin
- 38.0%
- Operating margin
- 17.9%
- Return on equity
- 3.9%
- Dividend yield
- 3.45%
- 52-week range
- $88.25 – $135.89
- Beta
- 0.27
- Price / sales
- 1.5x
- EV / EBITDA
- 9.2x
- Debt / equity
- 1.21x
- Employees
- —
SJM report card
CTen fundamentals graded A to F against fixed thresholds. Not a buy or sell rating.
- Revenue growth5.0%C
- Gross margin38.0%C
- Operating margin17.9%C
- FCF margin17.3%B
- Return on equity3.9%F
- Net debt / EBITDA3.0xD
- Forward P/E11.8xA
- PEG ratio2.2xD
- Shareholder yield3.5%B
- Share count change / yr-1.3%B
J.M. Smucker financials
Revenue went from $7.4B in fiscal 2017 to $9.1B in fiscal 2026, growing 2.3% a year.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $7.4B | $7.4B | $7.8B | $7.8B | $8.0B | $8.0B | $8.5B | $8.2B | $8.7B | $9.1B |
| Gross profit | $2.8B | $2.8B | $2.9B | $3.0B | $3.1B | $2.7B | $2.8B | $3.1B | $3.4B | $3.0B |
| Operating income | $1.0B | $1.0B | $928.6M | $1.2B | $1.4B | $1.0B | $157.5M | $1.3B | -$673.9M | $360.2M |
| Net income | $592.3M | $1.3B | $514.4M | $779.5M | $876.3M | $631.7M | -$91.3M | $744.0M | -$1.2B | -$138.7M |
| EPS (diluted) | $5.10 | $11.78 | $4.52 | $6.84 | $7.79 | $5.83 | $-0.86 | $7.13 | $-11.57 | $-1.30 |
| Free cash flow | — | $896.1M | $781.4M | $985.5M | $1.3B | $718.8M | $717.0M | $642.9M | $816.6M | $1.2B |
| Buybacks | $437.6M | $7.0M | $5.4M | $4.2M | $678.4M | $270.4M | $367.5M | $372.8M | $3.3M | $5.6M |
| Dividends paid | $339.3M | $350.3M | $377.9M | $396.8M | $403.2M | $418.1M | $430.2M | $437.5M | $455.4M | $464.7M |
| Diluted shares | 115.6M | 113.0M | 113.1M | 113.4M | 112.0M | 108.4M | — | — | — | — |
Source: SEC filings (10-K XBRL). EPS and share counts are split-adjusted.
What's priced into SJM?
A reverse DCF asks what growth the current price requires. With an enterprise value of $20.8B and $1.6B of trailing free cash flow, J.M. Smucker needs to grow free cash flow about 0.2% a year for ten years (fading to 3.0% terminal growth) to earn a 10% annual return. For context, free cash flow grew -1.7% a year over the last five years.
P/E ratio history
Current 13.4x vs. median 19.4x (10th–90th percentile 15.0x–26.2x).
A model, not a forecast or advice. Small changes in assumptions move the answer a lot.
SJM dividend
- Dividend yield
- 3.45%
- Annual dividend
- $4.48
- Years of increases
- 24
- 5-yr dividend growth
- 4.1%
- per year
- Payout ratio
- 206%
- Payments per year
- 4
Regular dividends per share by calendar year; special dividends excluded. Current year omitted until complete.
SJM analyst price targets
16 analysts' average 12-month target is $141.81 (+9% vs. $129.98). Targets range from $120.00 to $160.00. 53% rate it a buy.
SJM earnings
Next report: November 24, 2026. J.M. Smucker has beaten EPS estimates 3 quarters in a row. Last quarter's revenue was $2.2B (+5% year over year).
| Report date | EPS estimate | EPS actual | Surprise |
|---|---|---|---|
| Aug 26, 2026 | $2.22 | $3.24 | +46.2% |
| Jun 9, 2026 | $2.64 | $2.77 | +5.0% |
| Feb 26, 2026 | $2.26 | $2.38 | +5.2% |
| Nov 25, 2025 | $2.10 | $2.10 | -0.0% |
| Aug 27, 2025 | $1.93 | $1.90 | -1.4% |
| Jun 10, 2025 | $2.25 | $2.31 | +2.8% |
| Feb 27, 2025 | $2.37 | $2.61 | +10.3% |
| Nov 26, 2024 | $2.51 | $2.76 | +10.2% |
Stocks like SJM
| Name | Today | 1Y | Mkt cap | P/E | |
|---|---|---|---|---|---|
 MDLZ Mondelez International | -2.13% | +8% | $81.4B | 23.5x | Compare |
 HSY Hershey | -3.42% | -4% | $34.1B | 23.2x | Compare |
 KHC Kraft Heinz | -1.16% | +4% | $29.4B | — | Compare |
 TSN Tyson Foods | -0.65% | +13% | $19.9B | 35.0x | Compare |
 GIS General Mills | -2.25% | -23% | $18.4B | — | Compare |
 MKC McCormick & Company, Incorporat | -1.21% | -26% | $12.9B | 8.7x | Compare |
 HRL Hormel Foods | -1.40% | -6% | $11.6B | 34.0x | Compare |
 WMT Walmart | -1.02% | +13% | $954.1B | 43.4x | Compare |
SJM news
- The J.M. Smucker Co. Declares Dividend · Oct 22, 2026
- Campbell’s Dividend Cut Changes the Math. Is Smucker the Clear Winner? · Oct 22, 2026
- Better Dividend Stock: General Mills vs. J.M. Smucker · Oct 19, 2026
- Better Dividend Stock for Retirees: Clorox vs. J.M. Smucker · Oct 19, 2026
- Can J.M. Smucker's Hostess Donettes Drive a Broader Recovery? · Oct 19, 2026
SJM stock FAQ
What is SJM's market cap?
J.M. Smucker's market capitalization is $13.88 billion as of October 23, 2026, ranking 459th in the S&P 500.
What is SJM's P/E ratio?
SJM trades at a trailing price-to-earnings ratio of 60.7x and a forward P/E of 11.8x. Its median P/E over the period we track is 19.4x.
Does SJM pay a dividend?
Yes. J.M. Smucker pays $4.48 per share a year, a 3.45% yield. It has raised its dividend 24 years in a row. Dividends grew 4.1% a year over the last five years.
How much has SJM stock returned?
Including reinvested dividends, SJM returned +31.9% over one year, +4.7% a year over five years, +3.2% a year over ten years through October 23, 2026.
Is SJM stock overvalued?
At today's price, a reverse discounted cash flow model (10% discount rate, 3% terminal growth) implies J.M. Smucker must grow free cash flow about 0% a year for the next decade. Its free cash flow fell 2% a year over the last five years. Whether that is achievable decides if the stock is cheap or expensive. This is a model, not advice.
What is the SJM price target?
16 analysts cover SJM with an average 12-month price target of $141.81, +9% from the current price. 53% of them rate it a buy.
When does SJM report earnings?
J.M. Smucker is expected to report earnings on November 24, 2026. It has beaten EPS estimates 3 quarters in a row.
Sources: SEC EDGAR filings, Yahoo Finance market data (delayed), FI Handbook calculations. Last close October 23, 2026. Methodology