The J. M. Smucker Company Declares Quarterly Dividend of $1.08 (NYSE:SJM)

The J. M. Smucker Company (NYSE:SJM) declared a quarterly dividend on Friday, January 24th,RTT News reports. Stockholders of record on Friday, February 14th will be given a dividend of 1.08 per share on Monday, March 3rd. This represents a $4.32 annualized dividend and a dividend yield of 4.17%.

J. M. Smucker has raised its dividend payment by an average of 4.2% annually over the last three years and has increased its dividend annually for the last 22 consecutive years. J. M. Smucker has a payout ratio of 38.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect J. M. Smucker to earn $10.49 per share next year, which means the company should continue to be able to cover its $4.32 annual dividend with an expected future payout ratio of 41.2%.

J. M. Smucker Trading Up 1.1 %

NYSE SJM opened at $103.65 on Friday. The firm has a market capitalization of $11.03 billion, a price-to-earnings ratio of 20.98, a PEG ratio of 3.12 and a beta of 0.28. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.27 and a current ratio of 0.58. J. M. Smucker has a one year low of $99.81 and a one year high of $134.62. The company’s 50 day moving average price is $110.50 and its 200 day moving average price is $115.18.

J. M. Smucker (NYSE:SJM) last posted its earnings results on Tuesday, November 26th. The company reported $2.76 earnings per share for the quarter, beating the consensus estimate of $2.51 by $0.25. J. M. Smucker had a net margin of 5.96% and a return on equity of 14.35%. The business had revenue of $2.27 billion for the quarter, compared to analyst estimates of $2.27 billion. During the same quarter in the previous year, the business posted $2.59 EPS. The business’s quarterly revenue was up 17.2% on a year-over-year basis. On average, sell-side analysts predict that J. M. Smucker will post 9.89 EPS for the current year.

Insiders Place Their Bets

In related news, CFO Tucker H. Marshall sold 994 shares of the company’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $113.00, for a total transaction of $112,322.00. Following the sale, the chief financial officer now directly owns 18,734 shares of the company’s stock, valued at approximately $2,116,942. This represents a 5.04 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 3.40% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts recently commented on SJM shares. TD Cowen downgraded J. M. Smucker from a “buy” rating to a “hold” rating and dropped their target price for the company from $130.00 to $121.00 in a report on Wednesday, January 8th. Barclays reduced their target price on shares of J. M. Smucker from $126.00 to $123.00 and set an “equal weight” rating on the stock in a research report on Wednesday, December 4th. Wells Fargo & Company raised their price target on shares of J. M. Smucker from $130.00 to $135.00 and gave the company an “overweight” rating in a report on Wednesday, November 27th. StockNews.com upgraded shares of J. M. Smucker from a “sell” rating to a “hold” rating in a report on Monday, September 30th. Finally, Stifel Nicolaus lowered their target price on J. M. Smucker from $125.00 to $120.00 and set a “hold” rating for the company in a research note on Friday. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $126.78.

J. M. Smucker Company Profile

The J. M. Smucker Company manufactures and markets branded food and beverage products worldwide. It operates in three segments: U.S. Retail Pet Foods, U.S. Retail Coffee, and U.S. Retail Consumer Foods. The company offers mainstream roast, ground, single serve, and premium coffee; peanut butter and specialty spreads; fruit spreads, toppings, and syrups; jelly products; nut mix products; shortening and oils; frozen sandwiches and snacks; pet food and pet snacks; and foodservice hot beverage, foodservice portion control, and flour products, as well as dog and cat food, frozen handheld products, juices and beverages, and baking mixes and ingredients.