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.
J. M. Smucker Stock Performance
J. M. Smucker stock traded up $1.85 during trading hours on Wednesday, hitting $139.38. 821,578 shares of the stock traded hands, compared to its average volume of 865,295. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.03 and a quick ratio of 0.47. The firm's 50 day moving average price is $130.56 and its 200-day moving average price is $133.30. The stock has a market capitalization of $15.12 billion, a price-to-earnings ratio of 23.91, a P/E/G ratio of 14.67 and a beta of 0.25. J. M. Smucker has a 1 year low of $118.55 and a 1 year high of $146.74.
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 for the quarter, beating the consensus estimate of $1.88 by $0.35. The business had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $1.98 billion. J. M. Smucker had a return on equity of 11.71% and a net margin of 7.90%. The company's quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.89 EPS. As a group, equities analysts expect that J. M. Smucker will post 8.06 EPS for the current fiscal year.
J. M. Smucker Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 1st. Stockholders of record on Friday, August 12th will be issued a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 2.93%. The ex-dividend date of this dividend is Thursday, August 11th. This is a boost from J. M. Smucker's previous quarterly dividend of $0.99. J. M. Smucker's payout ratio is 69.98%.
Wall Street Analyst Weigh In
A number of brokerages have recently issued reports on SJM. Credit Suisse Group set a $140.00 price target on J. M. Smucker in a report on Tuesday, July 19th. Consumer Edge downgraded J. M. Smucker from an "equal weight" rating to an "underweight" rating in a report on Thursday, June 16th. Deutsche Bank Aktiengesellschaft cut their price target on J. M. Smucker from $133.00 to $131.00 in a report on Wednesday, June 8th. Bank of America upgraded J. M. Smucker from a "neutral" rating to a "buy" rating and lifted their price target for the company from $145.00 to $155.00 in a report on Wednesday. Finally, UBS Group lifted their price target on J. M. Smucker to $124.00 in a report on Thursday, June 9th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $135.00.