J M Smucker
SJM on NYSE. J. M. Smucker Company sells packaged food and drinks to retailers and foodservice customers. Market value $12.4bn.
Price checks use the past 12 months to July 2026. Quality checks use five annual reports, the latest for the year to April 2026.
Should I look at this?
Not a fit for our list right now
Why it could be worth it
See Everyday goods stocks that passed both tests
This is not advice. Check the numbers below.
For every $100 of what the whole company costs, it produced $12.73 of spare cash in the past 12 months. A savings account pays about $4.
You pay 23.2 years of operating profit for the business. The average large US company costs around 18.
Each dollar kept in the business earns 2 cents a year. Above 10 is good.
Quality score: 55 of 100. Price score: 56 of 100. Our list needs 70 on quality and 60 on price.
$116.80 a share, 32% above its 1-year low
Over the past year the price has ranged from $88.25 to $135.89.
Dividend: 3.7% a year
Paid every year for at least 5 years
Prices from Tuesday’s close (6 October).
Five years of cash, in billions
| Revenue | |||||
| Revenue | $8.0bn | $8.5bn | $8.2bn | $8.7bn | $9.1bn |
| Operating margin | |||||
| Operating margin | 12.8% | 1.8% | 16.0% | -7.7% | 4.0% |
| Debt to equity | |||||
| Debt to equity | 0.55 | 0.59 | 1.09 | 1.26 | 1.26 |
| Shares outstanding | |||||
| Shares outstanding | 0.11bn | 0.11bn | 0.11bn | 0.11bn | 0.11bn |
Health checks
- Free cash flow positive5 of 5 years
- Accounting looks honest (Beneish)Nothing unusual
- Financial strength (Piotroski)4 of 9
- Profit backed by cash (accruals)Yes
- Debt1.26× equity
- Revenue growth, five yearsSlow, 2.5% a year
- Buying back its own sharesRoughly flat
The quarter to July 2026
How the business did, compared with the same quarter a year earlier.
- Sales: $2.2 billion last quarter, up 5% on a year ago.
- Profit: $324 million, after a loss of $44 million a year ago.
- It keeps 9 cents of each $1 of sales as operating profit, after losing 11 cents a year earlier.
- Spare cash over the past 12 months: $1.6 billion, up from $673 million.
- Debt is $6.7 billion more than cash, down from $8 billion a year ago.
- Sales grew on a year ago in each of the last 4 quarters.
| Quarter to | Amount |
|---|---|
| October 2024 | $2.3bn |
| January 2025 | $2.2bn |
| April 2025 | $2.1bn |
| July 2025 | $2.1bn |
| October 2025 | $2.3bn |
| January 2026 | $2.3bn |
| April 2026 | $2.3bn |
| July 2026 | $2.2bn |
| Quarter to | Amount |
|---|---|
| October 2024 | -$25m |
| January 2025 | -$662m |
| April 2025 | -$729m |
| July 2025 | -$44m |
| October 2025 | $241m |
| January 2026 | -$724m |
| April 2026 | $388m |
| July 2026 | $324m |
From the company's quarterly reports to the SEC.
Dates
- Next results (estimated)
- 24 November 2026
- Last annual report (10-K)
- 9 June 2026
- Next quarterly (estimated, 10-Q)
- 25 November 2026
Who owns it
7 long-term investors we follow own it, unchanged from 7 last quarter. 886 funds in all.
| Fund | Value | Share of that fund | Change |
|---|---|---|---|
| Hotchkis & WileyHotchkis & Wiley team | $314m | 0.9% | Added |
| Ariel InvestmentsJohn Rogers Jr. | $202m | 2.0% | Cut |
| LSV Asset ManagementJosef Lakonishok | $97m | 0.2% | Added |
| GAMCO InvestorsMario Gabelli | $19m | 0.2% | Added |
| Gotham Asset ManagementJoel Greenblatt | $13m | <0.1% | Cut |
| Cullen Capital ManagementJames Cullen | $2m | <0.1% | Cut |
| Aristotle Capital ManagementHoward Gleicher | $804,375 | <0.1% | Cut |
Largest holders overall
- BlackRock$831mAdded
- Vanguard Capital Management$764m
- State Street$739m
- Vanguard Portfolio Management$555m
- Dimensional Fund Advisors LP$517mAdded
- Geode Capital Management$327mAdded
- Hotchkis & Wiley$314mAdded
- Citadel Advisors$303mAdded
- Invesco$265m
- Goldman Sachs Group$245mAdded
From 13F filings for the quarter ended 30 June 2026.
Big holders and activists
2 investors own more than 5%.
- Vanguard Capital ManagementPassive investor7.2%Since 31 March 2026
- BlackRock, Inc.Passive investor5.9%Since 31 March 2026
- The Vanguard GroupPassive investorSold down below 5%Since 13 March 2026
| Holder | Stake | Since | |
|---|---|---|---|
Vanguard Capital Management Passive investor | 7.2% | 31 March 2026 | |
BlackRock, Inc. Passive investor | 5.9% | 31 March 2026 | |
The Vanguard Group Passive investor | Sold down below 5% | 13 March 2026 |
From Schedule 13D and 13G filings: anyone owning more than 5% must file one.
What insiders did
In the last 12 months, 1 insider bought $99,801 of shares on the open market. 5 sold $18m.
- Ferguson Robert DChief Product Supply OfficerSold
- Date
- 31 August 2026
- Shares
- 2,522
- Price
- $132.41
- Value
- $333,938
- SMUCKER MARK TCEO, Chair of Board, DirectorSold
- Date
- 31 August 2026
- Shares
- 84,821
- Price
- $131.39
- Value
- $11m
- Marshall Tucker HChief Financial OfficerSold
- Date
- 28 August 2026
- Shares
- 18,482
- Price
- $132.05
- Value
- $2m
- Penrose Jill RChief People OfficerSold
- Date
- 29 June 2026
- Shares
- 5,000
- Price
- $116.70
- Value
- $583,500
- Knudsen Jeannette LChief Legal OfficerSold
- Date
- 26 June 2026
- Shares
- 4,353
- Price
- $115.08
- Value
- $500,943
- Marshall Tucker HChief Financial OfficerSold
- Date
- 24 June 2026
- Shares
- 3,630
- Price
- $111.05
- Value
- $403,112
- SMUCKER MARK TCEO, Chair of Board, DirectorSold
- Date
- 17 June 2026
- Shares
- 13,000
- Price
- $115.11
- Value
- $1m
- Knudsen Jeannette LChief Legal OfficerSold
- Date
- 11 June 2026
- Shares
- 5,550
- Price
- $116.29
- Value
- $645,410
- SMUCKER MARK TCEO, Chair of Board, DirectorSold
- Date
- 10 March 2026
- Shares
- 463
- Price
- $108.92
- Value
- $50,391
- AMIN TARANGDirectorBought
- Date
- 2 March 2026
- Shares
- 880
- Price
- $113.41
- Value
- $99,801
| Date | Who | Did | Shares | Price | Value |
|---|---|---|---|---|---|
| 31 August 2026 | Ferguson Robert D Chief Product Supply Officer | Sold | 2,522 | $132.41 | $333,938 |
| 31 August 2026 | SMUCKER MARK T CEO, Chair of Board, Director | Sold | 84,821 | $131.39 | $11m |
| 28 August 2026 | Marshall Tucker H Chief Financial Officer | Sold | 18,482 | $132.05 | $2m |
| 29 June 2026 | Penrose Jill R Chief People Officer | Sold | 5,000 | $116.70 | $583,500 |
| 26 June 2026 | Knudsen Jeannette L Chief Legal Officer | Sold | 4,353 | $115.08 | $500,943 |
| 24 June 2026 | Marshall Tucker H Chief Financial Officer | Sold | 3,630 | $111.05 | $403,112 |
| 17 June 2026 | SMUCKER MARK T CEO, Chair of Board, Director | Sold | 13,000 | $115.11 | $1m |
| 11 June 2026 | Knudsen Jeannette L Chief Legal Officer | Sold | 5,550 | $116.29 | $645,410 |
| 10 March 2026 | SMUCKER MARK T CEO, Chair of Board, Director | Sold | 463 | $108.92 | $50,391 |
| 2 March 2026 | AMIN TARANG Director | Bought | 880 | $113.41 | $99,801 |
From Form 4 filings: insiders must report trades in their own company's shares within two days.
What could go wrong
Cheap for a reason is the question the numbers cannot answer.
Whether the price already reflects the risks is what the deep dive is for.
The deep dive
Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.
- What the business is worth, as a range, and the margin of safety at today’s price
- Prices to start buying, buy, and buy hard
- The three things that would make this a mistake
- Every number footnoted to the filing it came from
Your first deep dive is free.
Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.