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

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 given 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 by an average of 4.2% annually over the last three years and has raised 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 Stock Up 1.1 %

Shares of SJM traded up $1.14 on Friday, hitting $103.65. The company’s stock had a trading volume of 901,406 shares, compared to its average volume of 983,554. The firm’s fifty day moving average price is $110.57 and its 200-day moving average price is $115.19. J. M. Smucker has a fifty-two week low of $99.81 and a fifty-two week 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 firm has a market capitalization of $11.03 billion, a price-to-earnings ratio of 20.98, a P/E/G ratio of 3.12 and a beta of 0.28.

J. M. Smucker (NYSE:SJM) last issued its quarterly earnings data on Tuesday, November 26th. The company reported $2.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.51 by $0.25. The company had revenue of $2.27 billion during 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 firm’s revenue was up 17.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.59 earnings per share. On average, equities research analysts expect that J. M. Smucker will post 9.89 EPS for the current year.

Insider Activity

In other J. M. Smucker news, CFO Tucker H. Marshall sold 994 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $113.00, for a total transaction of $112,322.00. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 3.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on SJM shares. Stifel Nicolaus dropped their target price on J. M. Smucker from $125.00 to $120.00 and set a “hold” rating on the stock in a research report on Friday. Barclays cut their price objective on J. M. Smucker from $126.00 to $123.00 and set an “equal weight” rating for the company in a research report on Wednesday, December 4th. 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 upped their price target on shares of J. M. Smucker from $130.00 to $135.00 and gave the company an “overweight” rating in a research note on Wednesday, November 27th. Finally, TD Cowen cut J. M. Smucker from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $130.00 to $121.00 in a report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, 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.