The J. M. Smucker Company (NYSE:SJM – Get Free Report) declared a quarterly dividend on Thursday, October 24th, RTT News reports. Shareholders 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 3.69%.
J. M. Smucker has increased its dividend by an average of 5.3% annually over the last three years and has raised its dividend annually for the last 27 consecutive years. J. M. Smucker has a dividend payout ratio of 40.6% indicating that its dividend is sufficiently covered by earnings. Research 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 Price Performance
NYSE SJM traded down $0.66 during trading hours on Thursday, hitting $117.04. The company had a trading volume of 576,169 shares, compared to its average volume of 1,163,556. J. M. Smucker has a 52 week low of $105.69 and a 52 week high of $134.62. The firm has a 50 day simple moving average of $119.09 and a 200 day simple moving average of $115.58. 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 $12.45 billion, a price-to-earnings ratio of 16.65, a PEG ratio of 3.12 and a beta of 0.24.
Wall Street Analysts Forecast Growth
SJM has been the topic of a number of recent analyst reports. Barclays cut their price objective on J. M. Smucker from $123.00 to $121.00 and set an “equal weight” rating on the stock in a research report on Friday, August 30th. Bank of America cut their price objective on J. M. Smucker from $130.00 to $122.00 and set a “neutral” rating on the stock in a research report on Thursday, August 29th. Citigroup cut their price objective on J. M. Smucker from $138.00 to $136.00 and set a “buy” rating on the stock in a research report on Thursday, August 29th. StockNews.com upgraded J. M. Smucker from a “sell” rating to a “hold” rating in a research report on Monday, September 30th. Finally, Wells Fargo & Company cut their price objective on J. M. Smucker from $140.00 to $130.00 and set an “overweight” rating on the stock in a research report on Thursday, August 29th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $127.25.
View Our Latest Stock Analysis on SJM
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.
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