Jim Cramer Discusses J. M. Smucker (SJM) & Elliott Management

We recently published 10 Stocks Jim Cramer Talked About.  The J. M. Smucker Company (NYSE:SJM) is one of the stocks Jim Cramer talked about.

The J. M. Smucker Company (NYSE:SJM) is one of the largest food companies in the world. Its shares are up by 6% over the past year and by 20% year-to-date. Banking giant JPMorgan discussed the firm on February 23rd. It raised The J. M. Smucker Company (NYSE:SJM)’s share price target to $122 from $121 and kept an Overweight rating on the shares. Following the snack company’s CAGNY presentation, TD Cowen raised the target price to $112 from $105 and kept a Hold rating as it remarked that The J. M. Smucker Company (NYSE:SJM)’s fiscal 2026 commentary was cautious. Smucker’s earnings report, released on the 26th, saw the firm post $2.34 billion in revenue and $2.38 in adjusted earnings per share. The results beat analyst estimates of $2.33 billion and $2.26. In his previous remarks about food companies, Cramer has pointed toward the impact of weight loss drugs on their sales. In this appearance, he mentioned activist Elliott Management’s role when it came to The J. M. Smucker Company (NYSE:SJM):

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“Hey how about Smucker, you know with the GLP-1s, thought they were finished, Mr. Uncrustable Faber. And it turns out, no, and you know what’s helped them, a couple of Elliott board members. Elliott.”

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Disclosure: None.