The J. M. Smucker Company (SJM) to Issue Quarterly Dividend of $1.12 on September 1st

The J. M. Smucker Company (NYSE:SJM) declared a quarterly dividend on Friday, July 17th. Shareholders of record on Friday, August 14th will be paid a dividend of 1.12 per share on Tuesday, September 1st. This represents a c) dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend is Friday, August 14th. This is a 1.8% increase from J. M. Smucker’s previous quarterly dividend of $1.10.

J. M. Smucker has increased its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 27 consecutive years. J. M. Smucker has a payout ratio of 40.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect J. M. Smucker to earn $10.64 per share next year, which means the company should continue to be able to cover its $4.48 annual dividend with an expected future payout ratio of 42.1%.

J. M. Smucker Stock Performance

NYSE SJM traded up $0.41 on Wednesday, hitting $117.75. The stock had a trading volume of 96,937 shares, compared to its average volume of 1,846,421. The company’s 50-day moving average is $114.15 and its two-hundred day moving average is $106.43. J. M. Smucker has a one year low of $88.25 and a one year high of $127.64. The stock has a market cap of $12.56 billion, a price-to-earnings ratio of -90.41, a P/E/G ratio of 1.65 and a beta of 0.25. The company has a quick ratio of 0.33, a current ratio of 0.78 and a debt-to-equity ratio of 1.15.

J. M. Smucker (NYSE:SJM) last issued its quarterly earnings data on Tuesday, June 9th. The company reported $2.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.64 by $0.13. J. M. Smucker had a positive return on equity of 17.18% and a negative net margin of 1.53%.The business had revenue of $2.27 billion during the quarter, compared to the consensus estimate of $2.26 billion. During the same period in the previous year, the firm posted $2.31 earnings per share. The business’s revenue was up 5.8% on a year-over-year basis. J. M. Smucker has set its FY 2027 guidance at 9.750-10.250 EPS. On average, analysts expect that J. M. Smucker will post 9.95 earnings per share for the current year.

Insiders Place Their Bets

In other J. M. Smucker news, insider Jill R. Penrose sold 5,000 shares of the firm’s stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $116.69, for a total transaction of $583,450.00. Following the transaction, the insider directly owned 15,795 shares in the company, valued at $1,843,118.55. This trade represents a 24.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jeannette L. Knudsen sold 5,550 shares of the business’s stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $116.29, for a total value of $645,409.50. Following the completion of the sale, the insider directly owned 16,039 shares of the company’s stock, valued at $1,865,175.31. This represents a 25.71% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 18,533 shares of company stock valued at $2,132,914 over the last three months. 2.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On J. M. Smucker

A number of institutional investors have recently modified their holdings of the company. UBS Group AG grew its position in shares of J. M. Smucker by 238.7% in the fourth quarter. UBS Group AG now owns 3,924,282 shares of the company’s stock valued at $383,834,000 after purchasing an additional 2,765,559 shares during the last quarter. Two Sigma Investments LP boosted its stake in J. M. Smucker by 6,854.4% during the 3rd quarter. Two Sigma Investments LP now owns 1,527,962 shares of the company’s stock valued at $165,937,000 after purchasing an additional 1,505,991 shares during the period. Norges Bank acquired a new stake in J. M. Smucker in the 4th quarter valued at approximately $92,960,000. Bank of New York Mellon Corp bought a new position in shares of J. M. Smucker during the 2nd quarter worth about $103,113,000. Finally, Dimensional Fund Advisors LP boosted its stake in J. M. Smucker by 33.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,392,300 shares of the company’s stock worth $331,807,000 after buying an additional 850,943 shares in the last quarter. Institutional investors own 81.66% of the company’s stock.

About J. M. Smucker

The J. M. Smucker Company is a diversified food and beverage manufacturer and marketer known for a portfolio of well-established consumer brands. The company’s main business activities include the production and distribution of fruit spreads, peanut butter, coffee and coffee filters, as well as pet food and pet snacks. Smucker’s core product lines serve both retail and foodservice customers through grocery chains, mass merchandisers, club stores, convenience outlets and e-commerce channels.

Among its leading brands are Smucker’s® fruit spreads, Jif® peanut butter, Folgers® and Dunkin’® coffees, and Café Bustelo® coffee.