J M Smucker Co (NYSE:SJM) declared a quarterly dividend on Tuesday, July 23rd, RTT News reports. Shareholders of record on Friday, August 16th will be paid a dividend of 0.88 per share on Tuesday, September 3rd. This represents a $3.52 dividend on an annualized basis and a yield of 3.10%. The ex-dividend date is Thursday, August 15th. This is a positive change from J M Smucker’s previous quarterly dividend of $0.85.
J M Smucker has raised its dividend by an average of 7.6% per year over the last three years and has increased its dividend annually for the last 17 consecutive years. J M Smucker has a payout ratio of 41.8% meaning its dividend is sufficiently covered by earnings. Analysts expect J M Smucker to earn $8.87 per share next year, which means the company should continue to be able to cover its $3.52 annual dividend with an expected future payout ratio of 39.7%.
NYSE SJM opened at $113.52 on Tuesday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.31 and a current ratio of 0.69. The firm has a fifty day moving average price of $114.96. J M Smucker has a 1 year low of $91.32 and a 1 year high of $128.43. The firm has a market cap of $12.75 billion, a P/E ratio of 13.69, a price-to-earnings-growth ratio of 3.26 and a beta of 0.42.
A number of equities research analysts have recently issued reports on the stock. TheStreet lowered shares of J M Smucker from a “b-” rating to a “c+” rating in a report on Tuesday, August 6th. Bank of America reaffirmed a “neutral” rating and set a $107.00 price objective on shares of J M Smucker in a research report on Friday, May 17th. ValuEngine downgraded shares of J M Smucker from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Wells Fargo & Co boosted their price objective on shares of J M Smucker from $110.00 to $114.00 and gave the company a “market perform” rating in a research report on Friday, June 7th. Finally, Morgan Stanley boosted their price objective on shares of J M Smucker from $117.00 to $120.00 and gave the company an “equal weight” rating in a research report on Friday, June 7th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company. J M Smucker presently has an average rating of “Hold” and a consensus target price of $115.44.
In other J M Smucker news, insider Joseph Stanziano sold 319 shares of the business’s stock in a transaction that occurred on Wednesday, June 26th. The shares were sold at an average price of $119.20, for a total value of $38,024.80. Following the completion of the sale, the insider now directly owns 14,857 shares of the company’s stock, valued at $1,770,954.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Mark T. Smucker sold 2,200 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $113.28, for a total transaction of $249,216.00. Following the completion of the sale, the chief executive officer now directly owns 140,975 shares of the company’s stock, valued at $15,969,648. The disclosure for this sale can be found here. Insiders have sold 3,269 shares of company stock worth $372,201 over the last ninety days. 3.70% of the stock is currently owned by insiders.
J M Smucker Company Profile
The J. M. Smucker Co engages in the manufacture and marketing of branded food and beverage products. It operates through the following segments: U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International and Away From Home. The U. S. Retail Coffee segment includes the domestic sales of Folgers, Dunkin Donuts, and Cafe Bustelo branded coffee.
Featured Article: Total Return
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.