William Blair analyst Jon Andersen has maintained their neutral stance on SJM stock, giving a Hold rating on August 30.
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Jon Andersen has given his Hold rating due to a combination of factors influencing JM Smucker’s current and future performance. The company’s fiscal first-quarter earnings per share were generally in line with expectations, although the quality was mixed, with sales exceeding forecasts but gross margins falling short. Despite an increase in the full-year organic sales growth outlook driven by commodity price increases in coffee, the fiscal 2026 earnings guidance remains unchanged due to the unpredictable macroeconomic environment, including tariff-related costs and uncertain coffee market dynamics.
Management’s plan to implement multiple price increases throughout the year to address rising input and tariff costs adds to the complexity. Additionally, the sweet baked snacks segment is underperforming, prompting management to streamline the product assortment to improve sales velocity and introduce higher-margin innovations. While these factors create uncertainty, the company’s strong brand portfolio and innovation strategy are expected to provide shareholder returns comparable to the broader market over time.
Andersen covers the Consumer Defensive sector, focusing on stocks such as JM Smucker, J & J Snack Foods, and TreeHouse Foods. According to TipRanks, Andersen has an average return of 9.1% and a 62.71% success rate on recommended stocks.
In another report released on August 30, TR | OpenAI – 4o also reiterated a Hold rating on the stock with a $113.00 price target.