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, shortening and oils, and 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. It provides its products under the Meow Mix, 9Lives, Kibbles 'n Bits, Milk-Bone, Pup-Peroni, Rachael Ray Nutrish and Nature's Recipe, Folgers, Café Bustelo, Dunkin', Folgers, Café Bustelo, 1850, Jif, Smucker's, Smucker's Uncrustables, Robin Hood, and Five Roses. The company sells its products through direct sales and brokers to food retailers, club stores, discount and dollar stores, online retailers, pet specialty stores, natural foods stores and distributors, drug stores, military commissaries, and mass merchandisers. Smucker Company was founded in 1897 and is headquartered in Orrville, Ohio.
Analysts Set New Price Targets
A number of equities research analysts recently weighed in on SJM shares. UBS Group raised their price target on shares of J. M. Smucker to $124.00 in a report on Thursday, June 9th. Citigroup raised their price target on shares of J. M. Smucker to $137.00 in a report on Thursday, June 9th. Bank of America raised shares of J. M. Smucker from a "neutral" rating to a "buy" rating and raised their price target for the company from $145.00 to $155.00 in a report on Wednesday. Deutsche Bank Aktiengesellschaft lowered their price target on shares of J. M. Smucker from $133.00 to $131.00 in a report on Wednesday, June 8th. Finally, Consumer Edge lowered shares of J. M. Smucker from an "equal weight" rating to an "underweight" rating in a report on Thursday, June 16th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $135.00.
J. M. Smucker Stock Performance
Shares of J. M. Smucker stock traded down $0.06 during trading hours on Thursday, reaching $139.32. The company's stock had a trading volume of 588,956 shares, compared to its average volume of 863,547. The company's 50 day simple moving average is $130.56 and its 200 day simple moving average is $133.30. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.47 and a current ratio of 1.03. J. M. Smucker has a one year low of $118.55 and a one year high of $146.74. The stock has a market cap of $15.11 billion, a P/E ratio of 23.91, a price-to-earnings-growth ratio of 14.85 and a beta of 0.25.
J. M. Smucker (NYSE:SJM - Get Rating) last posted its quarterly earnings results on Tuesday, June 7th. The company reported $2.23 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.88 by $0.35. J. M. Smucker had a net margin of 7.90% and a return on equity of 11.71%. The company had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $1.98 billion. During the same period last year, the firm posted $1.89 EPS. The company's revenue for the quarter was up 5.9% on a year-over-year basis. As a group, analysts expect that J. M. Smucker will post 8.06 EPS for the current fiscal year.
J. M. Smucker Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 1st. Stockholders of record on Friday, August 12th will be given a $1.02 dividend. This is an increase from J. M. Smucker's previous quarterly dividend of $0.99. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.93%. The ex-dividend date of this dividend is Thursday, August 11th. J. M. Smucker's dividend payout ratio (DPR) is presently 69.98%.