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 Ratings Changes
SJM has been the topic of several research analyst reports. UBS Group upped their target price on shares of J. M. Smucker to $124.00 in a research note on Thursday, June 9th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of J. M. Smucker from $133.00 to $131.00 in a research report on Wednesday, June 8th. Credit Suisse Group set a $140.00 price target on shares of J. M. Smucker in a research report on Tuesday, July 19th. Citigroup upped their price target on shares of J. M. Smucker to $137.00 in a research report on Thursday, June 9th. 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 equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $133.18.
J. M. Smucker Trading Up 0.9 %
SJM traded up $1.13 during trading on Friday, reaching $133.79. The company had a trading volume of 809,867 shares, compared to its average volume of 654,414. The stock has a market cap of $14.51 billion, a P/E ratio of 22.95, a PEG ratio of 13.88 and a beta of 0.25. The business has a 50 day simple moving average of $129.93 and a 200-day simple moving average of $133.33. 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.
J. M. Smucker (NYSE:SJM - Get Rating) last issued 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. The company had revenue of $2.03 billion during 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%. J. M. Smucker's revenue was up 5.9% on a year-over-year basis. During the same period last year, the company earned $1.89 earnings per share. On average, equities analysts anticipate that J. M. Smucker will post 8.31 EPS for the current fiscal year.
J. M. Smucker Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 1st. Stockholders of record on Friday, August 12th will be paid a dividend of $1.02 per share. The ex-dividend date of this dividend is Thursday, August 11th. This represents a $4.08 annualized dividend and a dividend yield of 3.05%. This is a positive change from J. M. Smucker's previous quarterly dividend of $0.99. J. M. Smucker's dividend payout ratio (DPR) is currently 69.98%.