JM Smucker Co

SJM: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$826.00	Zsqfg	Lclc

Smucker Earnings: Solid First Fiscal Quarter Buoyed by Jif Recovery, but Shares Look Fairly Valued

Kristoffer Inton

Aug 29, 2023

We don’t anticipate a material change to Smucker’s fair value estimate of $140 per share or its no-moat rating based on first fiscal quarter 2024 results. Shares were up 2% on the solid start to the year and remain fairly valued, so we think investors should wait for a more attractive entry point.

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