J M Smucker Co (NYSE:SJM) declared a quarterly dividend on Friday, October 26th, RTT News reports. Stockholders of record on Friday, November 16th will be given a dividend of 0.85 per share on Monday, December 3rd. This represents a $3.40 dividend on an annualized basis and a dividend yield of 3.01%. The ex-dividend date of this dividend is Thursday, November 15th.
J M Smucker has raised its dividend payment by an average of 7.8% per year over the last three years and has raised its dividend every year for the last 16 years. J M Smucker has a payout ratio of 40.3% meaning its dividend is sufficiently covered by earnings. Equities analysts expect J M Smucker to earn $8.58 per share next year, which means the company should continue to be able to cover its $3.40 annual dividend with an expected future payout ratio of 39.6%.
SJM stock opened at $112.88 on Friday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.51 and a current ratio of 1.17. J M Smucker has a fifty-two week low of $96.13 and a fifty-two week high of $133.38. The stock has a market capitalization of $12.60 billion, a P/E ratio of 13.46, a PEG ratio of 2.07 and a beta of 0.35.
J M Smucker (NYSE:SJM) last released its quarterly earnings data on Tuesday, August 21st. The company reported $1.78 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.76 by $0.02. J M Smucker had a net margin of 17.91% and a return on equity of 12.20%. The business had revenue of $1.91 billion for the quarter, compared to analysts’ expectations of $1.95 billion. During the same quarter last year, the company earned $0.96 EPS. The company’s revenue for the quarter was up 9.0% compared to the same quarter last year. As a group, research analysts forecast that J M Smucker will post 8.4 earnings per share for the current fiscal year.
In other J M Smucker news, SVP Jeannette L. Knudsen sold 1,500 shares of the firm’s stock in a transaction dated Monday, September 10th. The shares were sold at an average price of $110.74, for a total transaction of $166,110.00. Following the transaction, the senior vice president now owns 26,224 shares of the company’s stock, valued at approximately $2,904,045.76. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 3.92% of the stock is currently owned by company insiders.
A number of analysts recently weighed in on the stock. ValuEngine raised shares of J M Smucker from a “sell” rating to a “hold” rating in a report on Monday, October 22nd. Bank of America reaffirmed a “neutral” rating and issued a $106.00 price objective on shares of J M Smucker in a report on Wednesday, October 3rd. Zacks Investment Research cut shares of J M Smucker from a “hold” rating to a “sell” rating in a report on Friday, August 24th. Wolfe Research cut shares of J M Smucker from a “peer perform” rating to an “underperform” rating in a report on Wednesday, September 26th. Finally, Credit Suisse Group set a $95.00 price objective on shares of J M Smucker and gave the stock a “sell” rating in a report on Friday, September 21st. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company. J M Smucker presently has a consensus rating of “Hold” and a consensus target price of $120.62.
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About J M Smucker
The J. M. Smucker Company manufactures and markets branded food and beverage products worldwide. It operates in four segments: U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International and Away From Home. The company primarily offers coffee, pet food and pet snacks, peanut butter, fruit spreads, shortening and oils, baking mixes and ready-to-spread frostings, frozen sandwiches, flour and baking ingredients, juices and beverages, and portion control products.
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