J M Smucker Co Announces Quarterly Dividend of $0.88 (NYSE:SJM)

J M Smucker Co (NYSE:SJM) announced a quarterly dividend on Friday, October 25th, Zacks reports. Investors of record on Friday, November 15th will be paid a dividend of 0.88 per share on Monday, December 2nd. This represents a $3.52 annualized dividend and a dividend yield of 3.35%. The ex-dividend date of this dividend is Thursday, November 14th.

Shares of J M Smucker stock traded up $0.49 during trading on Tuesday, hitting $104.92. The company’s stock had a trading volume of 7,553 shares, compared to its average volume of 642,748. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.70 and a quick ratio of 0.26. J M Smucker has a 52 week low of $91.32 and a 52 week high of $128.43. The stock has a market cap of $12.12 billion, a price-to-earnings ratio of 12.64, a price-to-earnings-growth ratio of 3.42 and a beta of 0.41. The stock has a 50-day moving average price of $107.41 and a two-hundred day moving average price of $114.68.

J M Smucker (NYSE:SJM) last released its quarterly earnings results on Tuesday, August 27th. The company reported $1.58 EPS for the quarter, missing analysts’ consensus estimates of $1.75 by ($0.17). J M Smucker had a net margin of 6.95% and a return on equity of 11.49%. The company had revenue of $1.78 billion during the quarter, compared to the consensus estimate of $1.88 billion. During the same quarter last year, the firm posted $1.78 EPS. The company’s quarterly revenue was down 6.5% on a year-over-year basis. On average, equities analysts predict that J M Smucker will post 8.36 EPS for the current fiscal year.

SJM has been the topic of a number of analyst reports. Credit Suisse Group reduced their price target on J M Smucker from $120.00 to $114.00 and set a “neutral” rating on the stock in a research report on Monday, July 22nd. ValuEngine upgraded J M Smucker from a “strong sell” rating to a “sell” rating in a report on Thursday, October 10th. Guggenheim reduced their target price on J M Smucker from $99.00 to $93.00 and set a “sell” rating on the stock in a report on Wednesday, August 28th. Stifel Nicolaus reduced their price objective on shares of J M Smucker from $120.00 to $110.00 and set a “hold” rating on the stock in a research note on Wednesday, August 28th. Finally, Citigroup reduced their price objective on shares of J M Smucker from $142.00 to $132.00 and set a “buy” rating on the stock in a research note on Thursday, August 29th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $116.70.

In other J M Smucker news, insider Mark R. Belgya sold 750 shares of the stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $113.55, for a total transaction of $85,162.50. Following the transaction, the insider now directly owns 54,192 shares in the company, valued at approximately $6,153,501.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Geoff E. Tanner bought 1,000 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The shares were bought at an average cost of $103.42 per share, for a total transaction of $103,420.00. Following the completion of the purchase, the senior vice president now owns 14,063 shares of the company’s stock, valued at $1,454,395.46. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 1,987 shares of company stock worth $220,599. 3.70% of the stock is owned by corporate insiders.

About J M Smucker

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.

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Dividend History for J M Smucker (NYSE:SJM)

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