Why Is SMUCKER J M CO (SJM) Stock Moving Today?

J.M. Smucker (SJM) shares rose 5.60% to $132.47 on August 26 as the company raised its full-year forecast following a better-than-expected first-quarter earnings report. The stock opened at $125.49 and quickly surged to a session high of $134.85 shortly after market open. The move reflects optimism around the company’s revised guidance and a boost in coffee sales, which helped drive the earnings beat.

What Happened

The company’s Q1 FY2027 earnings call highlighted a stronger-than-anticipated performance, with management raising its annual forecast for adjusted earnings per share and sales. SJM also signaled plans to pay down $500 million in debt and raised its growth outlook for the Uncrustables brand to high single-digit growth. Coffee sales were a key driver of the earnings beat, with the company opting to focus on promotions rather than price cuts. BTIG analysts raised their price target for SJM, citing the potential for continued buyback activity. The stock closed the session at $132.47, above its 52-week high of $127.64.

What The Data Shows

The stock traded at a volume of 1.4 million shares, which is 0.8 times the 3-month daily average. Over the past eight sessions, the stock has gained 9.3%, rising from $117.83 to $128.77. Recent insider transactions show five sales totaling $3.6 million in the last 90 days, with no insider purchases reported. Meanwhile, Donald J. Trump and Alan Armstrong made small trades in the last 90 days, with Trump buying and selling small amounts of the stock. The 52-week tape showed 11 fresh 52-week lows on August 26, but SJM was among the exceptions to that trend.

What To Watch

The next key event for SJM will be its upcoming quarterly earnings report. Investors should also monitor the breadth of analyst coverage and any further updates on the company’s debt reduction and buyback plans.