Street View: J.M. Smucker struggles in key snack segments despite cost discipline

J.M. Smucker on Tuesday forecast annual profit below estimates as surge in coffee costs could squeeze margin

Average rating of 29 analysts is "hold"; median PT is $115 - data compiled by LSEG

Shares up ~3% on Wednesday

TARIFFS GONE, BUT POCKETS OF WEAKNESS REMAIN

Bernstein ("market-perform"; PT: $113) worries health and wellness trends still pressure snacking segment, despite efforts to step up marketing, innovation

Stifel ("hold"; PT: $110) says composition of quarter was slightly different, with softer profit performance for Sweet Baked Snacks, Frozen Handhelds and Spreads segments offset by coffee performance, continued momentum in its Away From Home business

Jefferies ("buy"; PT: $128) says coffee outperformed on better-than-anticipated elasticities, while tariff removal means no winter price increase

Wells Fargo ("buy"; PT: $128) sees strong EPS growth in near future relative to peers, where profit growth visibility is low

William Blair ("market perform") sees SJM's diversified portfolio coupled with disciplined cost management, operations execution support a shareholder return opportunity in line with broader market