The J. M. Smucker Company (NYSE:SJM – Get Free Report) declared a quarterly dividend on Thursday, October 24th, RTT News reports. Investors of record on Friday, November 15th will be paid a dividend of 1.08 per share on Monday, December 2nd. This represents a $4.32 annualized dividend and a yield of 3.72%. The ex-dividend date is Friday, November 15th.
J. M. Smucker has increased its dividend by an average of 5.3% per year over the last three years and has increased its dividend every year for the last 27 years. J. M. Smucker has a dividend payout ratio of 40.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect J. M. Smucker to earn $10.56 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 40.9%.
J. M. Smucker Stock Down 0.8 %
Shares of NYSE:SJM opened at $116.07 on Friday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.25 and a current ratio of 0.55. The firm has a market capitalization of $12.33 billion, a PE ratio of 16.30, a price-to-earnings-growth ratio of 3.12 and a beta of 0.24. The firm has a fifty day moving average of $118.99 and a 200 day moving average of $115.59. J. M. Smucker has a 52-week low of $105.69 and a 52-week high of $134.62.
Wall Street Analysts Forecast Growth
Several analysts have weighed in on the stock. DA Davidson reissued a “neutral” rating and issued a $121.00 price target on shares of J. M. Smucker in a research note on Thursday, August 29th. Stifel Nicolaus downgraded shares of J. M. Smucker from a “buy” rating to a “hold” rating and lowered their price objective for the company from $135.00 to $125.00 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 note on Monday, September 30th. TD Cowen decreased their price target on shares of J. M. Smucker from $135.00 to $132.00 and set a “buy” rating for the company in a research note on Thursday, August 29th. Finally, Bank of America decreased their price target on shares of J. M. Smucker from $130.00 to $122.00 and set a “neutral” rating for the company in a research note on Thursday, August 29th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $126.42.
About J. M. Smucker
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.
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