The J. M. Smucker Company (SJM) to Distribute Quarterly Dividend of $1.08 on March 3rd

The J. M. Smucker Company (NYSE:SJM) declared a quarterly dividend on Friday, January 24th,RTT News reports. Investors 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% per year over the last three years and has raised its dividend every year for the last 22 years. J. M. Smucker has a dividend payout ratio of 38.2% meaning 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 %

SJM opened at $103.65 on Friday. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.58 and a quick ratio of 0.27. J. M. Smucker has a 12 month low of $99.81 and a 12 month high of $134.62. The stock has a market capitalization of $11.03 billion, a P/E ratio of 20.98, a P/E/G ratio of 3.12 and a beta of 0.28. The business has a 50 day simple moving average of $110.50 and a 200-day simple moving average of $115.18.

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

Analysts Set New Price Targets

SJM has been the topic of several research analyst reports. Stifel Nicolaus decreased their price target on J. M. Smucker from $125.00 to $120.00 and set a “hold” rating on the stock in a research note on Friday. Wells Fargo & Company boosted their target price 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. Barclays dropped their price target 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. TD Cowen lowered shares of J. M. Smucker from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $130.00 to $121.00 in a research report on Wednesday, January 8th. Finally, StockNews.com raised shares of J. M. Smucker from a “sell” rating to a “hold” rating in a research note on Monday, September 30th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $126.78.

Insider Activity at J. M. Smucker

In other news, CFO Tucker H. Marshall sold 994 shares of the stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $113.00, for a total transaction of $112,322.00. Following the transaction, the chief financial officer now directly owns 18,734 shares in the company, valued at $2,116,942. This represents a 5.04 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 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.