The J. M. Smucker Company (SJM) To Go Ex-Dividend on November 15th

The J. M. Smucker Company (NYSE:SJM) announced a quarterly dividend on Thursday, October 24th, RTT News reports. Stockholders of record on Friday, November 15th will be paid a dividend of 1.08 per share on Monday, December 2nd. This represents a $4.32 annualized dividend and a dividend yield of 3.72%. The ex-dividend date is Friday, November 15th.

J. M. Smucker has increased its dividend by an average of 5.3% annually over the last three years and has raised its dividend every year for the last 27 years. J. M. Smucker has a payout ratio of 40.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect J. M. Smucker to earn $10.56 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 40.9%.

J. M. Smucker Price Performance

SJM stock opened at $116.07 on Friday. The company has a market capitalization of $12.33 billion, a P/E ratio of 16.30, a price-to-earnings-growth ratio of 3.12 and a beta of 0.24. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.25 and a current ratio of 0.55. J. M. Smucker has a 52-week low of $105.69 and a 52-week high of $134.62. The business has a 50-day simple moving average of $118.99 and a two-hundred day simple moving average of $115.59.

J. M. Smucker (NYSE:SJM) last released its quarterly earnings results on Wednesday, August 28th. The company reported $2.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.17 by $0.27. J. M. Smucker had a return on equity of 14.22% and a net margin of 8.77%. The business had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.13 billion. During the same quarter in the previous year, the business earned $2.21 EPS. The company’s quarterly revenue was up 17.7% on a year-over-year basis. Research analysts expect that J. M. Smucker will post 9.82 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have commented on SJM. BNP Paribas raised shares of J. M. Smucker to a “strong sell” rating in a research report on Thursday, August 29th. Bank of America lowered their price target on shares of J. M. Smucker from $130.00 to $122.00 and set a “neutral” rating on the stock in a report on Thursday, August 29th. Stifel Nicolaus cut shares of J. M. Smucker from a “buy” rating to a “hold” rating and lowered their price target for the stock from $135.00 to $125.00 in a report on Friday. DA Davidson reaffirmed a “neutral” rating and issued a $121.00 price target on shares of J. M. Smucker in a report on Thursday, August 29th. Finally, StockNews.com raised shares of J. M. Smucker from a “sell” rating to a “hold” rating in a report on Monday, September 30th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $126.42.

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.