Bernstein Raises The J. M. Smucker (SJM) Price Target to $160

Bernstein has reiterated its Outperform rating on The J. M. Smucker Company with a new price target of $160, a 26.56% upside from the current price.

By EarningsIQ Research Desk · Published Oct 16, 2026, 2:29 PM EDT

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Bernstein raised its price target on The J. M. Smucker Company ($SJM) to $160 from $157 on October 15, 2026, and rates the stock "Outperform".

Since the rating, $SJM is up 1.2% to date (from the $125.93 close on Oct 15, 2026).

SJM The J. M. Smucker Company

$127.43 +35.94% year to date

Daily close · Oct 16, 2026

Key Points

Bernstein reiterates its Outperform rating on The J. M. Smucker Company, raising its price target to $160 from $157.
The company's shares are currently trading around $126.42, showing a potential upside based on Bernstein's target.
Analysts remain optimistic about Smucker's performance, with a consensus target price of $141.44 from 16 opinions.

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Bernstein has reiterated its Outperform rating on The J. M. Smucker Company (SJM) and raised its price target to $160 from $157. This update was published on October 15, 2026, and reflects Bernstein's continued confidence in the company's prospects. Shares of Smucker are currently trading at $126.42 on the NYSE.

Analyst rating track record

Bernstein vs. the S&P 500

YTD return -2.79% hypothetical

All-time return -2.79% S&P 500 +1.50%

vs. S&P 500 -4.29% behind the index

Hypothetical returns from Bernstein's disclosed trades, not real profit or advice. How we model this.

Other Institutional Activity in The J. M. Smucker Company

Blackrock Inc. increased its holdings by 663,251 shares, bringing its total to 7,389,936 shares valued at about $935.5 million. Vanguard Capital Management LLC added 48,572 shares, raising their total to 6,794,703 shares worth approximately $860.1 million. State Street Corporation grew its stake by 77,301 shares, giving it a total of 6,573,207 shares valued at $832.1 million. Additionally, Vanguard Portfolio Management LLC increased its holdings by 55,605 shares, resulting in 4,933,209 shares worth about $624.5 million. Dimensional Fund Advisors LP also added 670,809 shares, bringing its total to 4,591,379 shares valued at approximately $581.2 million.

The J. M. Smucker Company Stock Up 2.8%

Shares of The J. M. Smucker Company are trading at $126.42, which is below its 52-week high of $135.89 and well above its low of $88.25. This positioning indicates a potential for recovery as analysts remain bullish on the stock's future performance. The stock has a P/E ratio of 56.02 and a beta of 0.263, suggesting it is less volatile compared to the overall market.

12-month forecast

$SJM price target

The J. M. Smucker Company daily closes and this analyst's $160 target. Not advice.

Recent Earnings

The J. M. Smucker Company reported revenue of $9.16 billion, reflecting a 5% growth. The earnings per share (EPS) was $2.14, while the net margin stood at 2.51%. The next earnings report is scheduled for November 24, 2026, which will provide further insights into the company's financial health.

Dividend

The J. M. Smucker Company pays an annual dividend rate of $4.48, translating to a yield of 3.64%. This dividend reflects a payout ratio of 205.61%, highlighting the company's commitment to returning value to shareholders.

Insider Buying and Selling at The J. M. Smucker Company

Insider transactions at Smucker included several notable sales. On August 31, 2026, Officer Robert D. Ferguson sold 2,522 shares at an average price of $132.41, totaling about $333,938. CEO Mark Timothy Smucker also sold 84,821 shares on the same day for approximately $11.14 million, at a price of $131.39. Additionally, Chief Financial Officer Tucker H. Marshall sold 18,482 shares on August 28, 2026, valued at about $2.44 million, while Officer Jill R. Penrose sold 5,000 shares on June 29, 2026, for around $583,475 at an average price of $116.70.

Analysts Set New Price Targets

On October 15, 2026, Bernstein maintained its Outperform rating on The J. M. Smucker Company with a new price target of $160. This follows previous ratings where Barclays set a target of $145 and TD Cowen set a target of $136 on August 27, 2026. The overall consensus from 16 analysts gives a mean price target of $141.44.

About The J. M. Smucker Company

The J. M. Smucker Company produces and sells various food and beverage products globally. It operates across five segments, including U.S. retail coffee and pet foods. The company's brand strength in the market is supported by its diverse product portfolio.

Bottom Line

As analysts express confidence in The J. M. Smucker Company, investors should watch for the upcoming earnings report on November 24, 2026, for more insights into the company's performance. Bernstein's updated price target of $160 reflects a positive outlook for the stock. Remember that Bernstein's rating is based on the company's past performance and current market conditions.