Shares of JM Smucker Co. climbed to a 52-week high of $134.85 on Tuesday, extending gains that have pushed the stock up 18.72% over the past year and 32% year-to-date.
The food products company reported adjusted earnings of $3.24 per share for the first quarter of fiscal 2027, exceeding analysts' expectations of $2.21 per share. Revenue rose 5% to $2.2 billion, topping forecasts of $2.12 billion.
JM Smucker also raised its full-year adjusted profit outlook to a range of $10.50 to $11 per share, up from prior guidance, and increased its free cash flow target to approximately $1.1 billion. Adjusted gross profit climbed 28% while adjusted operating income jumped 46%, driven by stronger pricing and an improved volume mix.
The company highlighted robust growth in brands such as Uncrustables and Café Bustelo, offsetting weaker performance in sweet baked snacks. The stock, which trades at $132.09 with a market capitalization of $13.4 billion, carries a 3.6% dividend yield and has increased its payout for 16 consecutive years.
Analysts at InvestingPro flagged the stock as undervalued relative to its fair value, though full details require access to the Pro Research Report. The shares’ recent performance follows a period of sustained operational improvement and strategic pricing adjustments.
