The J. M. Smucker Company (NYSE:SJM) is included among the 15 Dividend Stocks to Buy for Steady Income.
On March 19, TD Cowen lowered its price recommendation on The J. M. Smucker Company (NYSE:SJM) to $113 from $124. It reiterated a Hold rating on the shares. The firm also reduced its FY26 and FY27 EPS estimates in line with consensus and adjusted the price target to reflect lower valuations across the food sector.
During the Q3 2026 earnings call, the company took a more cautious tone on its EPS outlook. CFO Tucker Marshall said they were confident in reaching the $9 midpoint. He noted that any upside would likely come from the coffee business. He added that the strength in coffee is currently helping offset weakness in the Sweet Baked Snacks segment. The company also indicated that its guidance for Sweet Baked Snacks reflects a long-term growth rate of about 2%. The focus there is on stabilizing performance and improving operations over time.
Marshall said the segment is expected to remain soft in the fourth quarter. He pointed to ongoing pressure in the category, along with temporary disruption from a manufacturing plant fire.
The J. M. Smucker Company (NYSE:SJM) produces and markets branded food and beverage products sold primarily through retail channels in North America.
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