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

The J. M. Smucker Company (NYSE:SJM) announced a quarterly dividend on Friday, January 24th,RTT News reports. Shareholders 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 yield of 4.17%.

J. M. Smucker has increased its dividend by an average of 4.2% annually over the last three years and has raised 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 Stock Up 1.1 %

Shares of NYSE SJM opened at $103.65 on Friday. The stock has a market capitalization of $11.03 billion, a PE ratio of 20.98, a P/E/G ratio of 3.12 and a beta of 0.28. The company has a quick ratio of 0.27, a current ratio of 0.58 and a debt-to-equity ratio of 0.89. The firm has a fifty day moving average of $110.50 and a 200-day moving average of $115.14. J. M. Smucker has a 52-week low of $99.81 and a 52-week high of $134.62.

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

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. 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. StockNews.com upgraded J. M. Smucker from a “sell” rating to a “hold” rating in a report on Monday, September 30th. Wells Fargo & Company upped their target price on J. M. Smucker from $130.00 to $135.00 and gave the company an “overweight” rating in a report on Wednesday, November 27th. TD Cowen lowered shares of J. M. Smucker from a “buy” rating to a “hold” rating and lowered their price target for the stock from $130.00 to $121.00 in a research report on Wednesday, January 8th. Finally, Stifel Nicolaus reduced their price objective on J. M. Smucker from $125.00 to $120.00 and set a “hold” rating for the company in a research report on Friday. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, J. M. Smucker has a consensus rating of “Hold” and a consensus price target of $126.78.

Insider Buying and Selling at J. M. Smucker

In other news, CFO Tucker H. Marshall sold 994 shares of J. M. Smucker stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $113.00, for a total transaction of $112,322.00. Following the completion of the sale, the chief financial officer now directly owns 18,734 shares in the company, valued at $2,116,942. The trade was a 5.04 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 3.40% of the company’s stock.

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.