Dividend Kings and Aristocrats List: 32 Biggest Stocks

Page 4 of 20

27. The J. M. Smucker Company (NYSE:SJM)

Market Cap as of March 24: $10.09 Billion

On March 25, TD Cowen lowered its price recommendation on The J. M. Smucker Company (NYSE:SJM) to $103 from $113. It reiterated a Hold rating on the shares. The firm said it cut earnings estimates and price targets across several large-cap food companies. It pointed to higher input costs tied to the Iran War and limited pricing power. The analyst also noted that food companies are now focusing more on reducing debt after margins came under pressure in 2025.

Earlier, on March 11, Bernstein took a different view. The firm upgraded Smucker to Outperform from Market Perform. The firm also raised its price target on the stock to $145 from $121. The analyst pointed to easing green coffee costs and the involvement of activist investor Elliott Management. Bernstein said Elliott could push for portfolio changes and improvements in productivity at Smucker. The firm also noted that green coffee prices have fallen from more than $4 per pound in 2025 to below $3.

The J. M. Smucker Company (NYSE:SJM) produces and markets branded food and beverage products globally. Its portfolio includes a range of brands sold mainly through retail channels across North America.

Page 4 of 20