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

The J. M. Smucker Company (NYSE:SJM) announced 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 dividend yield of 3.69%.

J. M. Smucker has raised its dividend by an average of 5.3% 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 40.6% 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 Trading Down 0.6 %

NYSE SJM opened at $117.04 on Friday. The firm’s 50 day moving average price is $119.04 and its two-hundred day moving average price is $115.59. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.25 and a current ratio of 0.55. J. M. Smucker has a twelve month low of $105.69 and a twelve month high of $134.62. The stock has a market cap of $12.45 billion, a price-to-earnings ratio of 16.55, a PEG ratio of 3.12 and a beta of 0.24.

J. M. Smucker (NYSE:SJM) last posted its quarterly earnings results on Wednesday, August 28th. The company reported $2.44 earnings per share for the quarter, beating the consensus estimate of $2.17 by $0.27. The firm had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.13 billion. J. M. Smucker had a return on equity of 14.22% and a net margin of 8.77%. J. M. Smucker’s quarterly revenue was up 17.7% on a year-over-year basis. During the same period in the previous year, the firm earned $2.21 earnings per share. Equities analysts anticipate that J. M. Smucker will post 9.82 EPS for the current year.

Analyst Upgrades and Downgrades

SJM has been the subject of a number of research reports. StockNews.com raised shares of J. M. Smucker from a “sell” rating to a “hold” rating in a research note on Monday, September 30th. Barclays reduced their price objective on J. M. Smucker from $123.00 to $121.00 and set an “equal weight” rating for the company in a research report on Friday, August 30th. TD Cowen dropped their target price on J. M. Smucker from $135.00 to $132.00 and set a “buy” rating on the stock in a research report on Thursday, August 29th. Bank of America reduced their price target on J. M. Smucker from $130.00 to $122.00 and set a “neutral” rating for the company in a report on Thursday, August 29th. Finally, BNP Paribas upgraded J. M. Smucker to a “strong sell” rating in a report on Thursday, August 29th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, J. M. Smucker has an average rating of “Hold” and a consensus target price of $127.25.

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.