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.
Analyst Upgrades and Downgrades
A number of analysts have recently issued reports on SJM shares. Citigroup boosted their target price on shares of J. M. Smucker to $137.00 in a research note on Thursday, June 9th. Consumer Edge lowered shares of J. M. Smucker from an "equal weight" rating to an "underweight" rating in a research report on Thursday, June 16th. Credit Suisse Group set a $140.00 price target on J. M. Smucker in a report on Tuesday, July 19th. Deutsche Bank Aktiengesellschaft decreased their target price on J. M. Smucker from $133.00 to $131.00 in a research report on Wednesday, June 8th. Finally, UBS Group increased their price target on J. M. Smucker to $124.00 in a research report on Thursday, June 9th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, J. M. Smucker has an average rating of "Hold" and an average price target of $133.18.
J. M. Smucker Trading Down 0.0 %
NYSE:SJM opened at $133.08 on Monday. The stock has a market capitalization of $14.43 billion, a price-to-earnings ratio of 22.83, a PEG ratio of 13.93 and a beta of 0.25. J. M. Smucker has a 52 week low of $118.55 and a 52 week high of $146.74. The company has a quick ratio of 0.47, a current ratio of 1.03 and a debt-to-equity ratio of 0.53. The firm has a 50 day moving average of $128.99 and a 200 day moving average of $133.50.
J. M. Smucker (NYSE:SJM - Get Rating) last issued its quarterly earnings data on Tuesday, June 7th. The company reported $2.23 EPS for the quarter, beating the consensus estimate of $1.88 by $0.35. J. M. Smucker had a return on equity of 11.71% and a net margin of 7.90%. The firm had revenue of $2.03 billion during the quarter, compared to analyst estimates of $1.98 billion. During the same quarter in the prior year, the business posted $1.89 EPS. The business's revenue for the quarter was up 5.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that J. M. Smucker will post 8.31 earnings per share for the current fiscal year.
J. M. Smucker Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 1st. Investors of record on Friday, August 12th will be paid a $1.02 dividend. The ex-dividend date of this dividend is Thursday, August 11th. This is a positive change from J. M. Smucker's previous quarterly dividend of $0.99. This represents a $4.08 dividend on an annualized basis and a yield of 3.07%. J. M. Smucker's dividend payout ratio (DPR) is currently 67.92%.