The J. M. Smucker Company (NYSE:SJM – Get Free Report) 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.
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.
Read Our Latest Analysis on SJM
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.
Featured Stories
- Five stocks we like better than J. M. Smucker
- Airline Stocks – Top Airline Stocks to Buy Now
- The Downtrend in UPS Stock Isn’t Over Yet
- Earnings Per Share Calculator: How to Calculate EPS
- Maximize Portfolio Income with These 3 Dividend ETFs
- Best Aerospace Stocks Investing
- Talen Energy: A Nuclear Power Stock That Can Keep Winning
Receive News & Ratings for J. M. Smucker Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for J. M. Smucker and related companies with MarketBeat.com's FREE daily email newsletter.