J M Smucker Co (NYSE:SJM) announced a quarterly dividend on Friday, January 19th, RTT News reports. Investors of record on Friday, February 9th will be given a dividend of 0.78 per share on Thursday, March 1st. This represents a $3.12 dividend on an annualized basis and a yield of 2.61%. The ex-dividend date is Thursday, February 8th.
J M Smucker has raised its dividend by an average of 7.8% annually over the last three years and has increased its dividend every year for the last 16 years. J M Smucker has a dividend payout ratio of 40.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect J M Smucker to earn $8.35 per share next year, which means the company should continue to be able to cover its $3.12 annual dividend with an expected future payout ratio of 37.4%.
Shares of J M Smucker (SJM) traded up $1.15 on Friday, reaching $119.52. 882,760 shares of the company’s stock traded hands, compared to its average volume of 1,155,257. J M Smucker has a 52 week low of $99.57 and a 52 week high of $143.68. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.42 and a current ratio of 0.96. The firm has a market cap of $13,577.23, a PE ratio of 24.15, a PEG ratio of 2.03 and a beta of 0.65.
J M Smucker (NYSE:SJM) last announced its quarterly earnings results on Thursday, November 16th. The company reported $2.02 earnings per share for the quarter, beating the consensus estimate of $1.90 by $0.12. The firm had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $1.90 billion. J M Smucker had a net margin of 7.72% and a return on equity of 11.98%. The company’s revenue was up .5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.05 EPS. sell-side analysts predict that J M Smucker will post 7.83 EPS for the current year.
In other J M Smucker news, insider David J. Lemmon sold 1,205 shares of the stock in a transaction on Friday, December 29th. The stock was sold at an average price of $124.54, for a total value of $150,070.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Jeannette L. Knudsen sold 1,600 shares of the firm’s stock in a transaction on Thursday, December 28th. The shares were sold at an average price of $124.36, for a total value of $198,976.00. Following the completion of the transaction, the senior vice president now owns 23,452 shares of the company’s stock, valued at approximately $2,916,490.72. The disclosure for this sale can be found here. Insiders have sold 5,610 shares of company stock valued at $698,093 in the last 90 days. Company insiders own 3.50% of the company’s stock.
SJM has been the subject of a number of analyst reports. Jefferies Group set a $130.00 price objective on J M Smucker and gave the stock a “buy” rating in a research report on Monday, October 30th. Susquehanna Bancshares set a $150.00 price objective on J M Smucker and gave the stock a “buy” rating in a research report on Thursday, January 4th. Credit Suisse Group set a $120.00 price target on J M Smucker and gave the company a “hold” rating in a report on Wednesday, January 10th. Wells Fargo & Co set a $128.00 price target on J M Smucker and gave the company a “hold” rating in a report on Thursday, January 4th. Finally, Stifel Nicolaus upped their price target on J M Smucker from $109.00 to $113.00 and gave the company a “hold” rating in a report on Friday, November 17th. Four research analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $127.83.
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J M Smucker Company Profile
The J. M. Smucker Company is a manufacturer and marketer of branded food and beverage products and pet food and pet snacks in North America. The Company’s segments include U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International and Foodservice. The Company’s U.S. retail market segments consist of the sale of branded food products to consumers through retail outlets in North America.
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