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 given 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 payment by an average of 5.3% annually over the last three years and has raised 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. 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 Performance
J. M. Smucker stock traded down $0.66 during trading hours on Thursday, hitting $117.04. 576,169 shares of the stock traded hands, compared to its average volume of 1,163,556. J. M. Smucker has a 1 year low of $105.69 and a 1 year high of $134.62. The stock has a market capitalization of $12.45 billion, a price-to-earnings ratio of 16.65, a P/E/G ratio of 3.12 and a beta of 0.24. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.55 and a quick ratio of 0.25. The firm’s 50 day moving average price is $119.09 and its 200-day moving average price is $115.58.
Analysts Set New Price Targets
A number of research firms have weighed in on SJM. Wells Fargo & Company reduced their price objective on J. M. Smucker from $140.00 to $130.00 and set an “overweight” rating for the company in a research note on Thursday, August 29th. Citigroup reduced their price target on J. M. Smucker from $138.00 to $136.00 and set a “buy” rating for the company in a research report on Thursday, August 29th. TD Cowen dropped their price objective on shares of J. M. Smucker from $135.00 to $132.00 and set a “buy” rating on the stock in a research note on Thursday, August 29th. Bank of America lowered their price target on shares of J. M. Smucker from $130.00 to $122.00 and set a “neutral” rating on the stock in a report on Thursday, August 29th. Finally, BNP Paribas raised shares of J. M. Smucker to a “strong sell” rating in a report on Thursday, August 29th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, J. M. Smucker has an average rating of “Hold” and a consensus price target of $127.25.
Check Out Our Latest Stock 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.
See Also
- Five stocks we like better than J. M. Smucker
- Stock Splits, Do They Really Impact Investors?
- Why Meta’s Pre-Earnings Dip Could Be A Golden Entry Opportunity
- The How And Why of Investing in Oil Stocks
- Spirit Airlines Stock Nearly Doubled: Are Clear Skies Ahead?
- What is the Australian Securities Exchange (ASX)
- Tesla Stock: Buy the Dips, Sell the Rips
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.