• The consensus price target for NYSE:SJM has gradually increased over the past year, indicating growing analyst confidence.
• Despite the positive trend in price targets, SJM is expected to report a decline in its second-quarter earnings, potentially impacting investor sentiment.
• Citigroup analyst sets a positive price target of $131 for SJM, reflecting optimism about the company's future performance.

The J. M. Smucker Company (NYSE:SJM) is a well-established player in the food and beverage industry, known for its popular brands like Meow Mix, Folgers, Jif, and Smucker's. The company operates in various segments, including U.S. Retail Pet Foods, U.S. Retail Coffee, and U.S. Retail Consumer Foods. This diverse product range and strong brand presence contribute to its market position.

Over the past year, the consensus price target for NYSE:SJM has shown a modest upward trend. Last year, the average price target was approximately $117.83, which increased to $117 last quarter and further to $120 last month. This gradual increase suggests growing confidence among analysts in SJM's market position and future performance.

Despite the positive trend in price targets, SJM is expected to report a decline in its second-quarter earnings. As highlighted by Benzinga, the company reportedly lacks the necessary combination of key factors to surpass earnings expectations. This anticipated decline may influence investor sentiment and market performance in the short term.

Citigroup analyst Wendy Nicholson has set a price target of $131 for SJM, indicating a positive outlook for the company's stock. This target reflects optimism about SJM's potential to overcome current challenges and capitalize on its strong brand portfolio. Investors should consider this target alongside other market conditions and company performance metrics.

As the market prepares for Tuesday, US stock futures are experiencing a downturn, with SJM among the companies to watch. The company's upcoming earnings report will be crucial in determining its stock performance and aligning with analyst expectations. Investors should stay informed about these developments to make well-informed decisions.