#1 - J.M. Smucker (NYSE:SJM)
The J.M. Smucker Company (NYSE: SJM) is a good example of what investors might expect from a low-beta stock. The stock is up 14% in the last 12 months as consumers have shifted towards pantry staples over discretionary spending. One reason is that the company continues to deliver solid revenue and earnings, even in the face of difficult comparisons to 2021.
The company’s 2023 fiscal year began in July, and the results are mixed. Revenue has come in higher than the prior year, but earnings are lagging. Looking through a broader lens, analysts expect low- to mid-growth revenue and earnings in the next five years. However, Smucker’s has a tasty dividend with a yield of 2.6%.
And perhaps more significantly SJM stock has a payout of $4.08 per share, a number that has been increasing for 24 years. This puts the company on the cusp of being a dividend aristocrat and a great reason to add it to a low-risk portfolio of stocks.
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.
Read More - Current Price
- $113.60
- Consensus Rating
- Hold
- Ratings Breakdown
- 4 Buy Ratings, 8 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $137.47 (21.0% Upside)
