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

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

J. M. Smucker has increased its dividend payment by an average of 4.2% annually over the last three years and has increased its dividend every year for the last 22 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 %

Shares of SJM stock traded up $1.14 during mid-day trading on Friday, reaching $103.65. 901,406 shares of the stock traded hands, compared to its average volume of 983,554. J. M. Smucker has a 1-year low of $99.81 and a 1-year high of $134.62. 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 company has a market cap of $11.03 billion, a price-to-earnings ratio of 20.98, a price-to-earnings-growth ratio of 3.12 and a beta of 0.28. The stock’s fifty day simple moving average is $110.57 and its two-hundred day simple moving average is $115.19.

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

Insider Activity

In related news, CFO Tucker H. Marshall sold 994 shares of the company’s stock in a transaction 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 completion of the sale, the chief financial officer now owns 18,734 shares in the company, valued at approximately $2,116,942. This represents a 5.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 3.40% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on SJM. 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 report on Wednesday, January 8th. Stifel Nicolaus lowered their target price on shares of J. M. Smucker from $125.00 to $120.00 and set a “hold” rating for the company in a research note on Friday. StockNews.com raised shares of J. M. Smucker from a “sell” rating to a “hold” rating in a research report on Monday, September 30th. Wells Fargo & Company lifted their price objective on J. M. Smucker from $130.00 to $135.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 27th. Finally, Barclays cut their target price on 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. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average 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.