J M Smucker Co (NYSE:SJM) declared a quarterly dividend on Friday, January 19th, RTT News reports. Stockholders of record on Friday, February 9th will be given a dividend of 0.78 per share on Thursday, March 1st. This represents a $3.12 annualized dividend and a dividend yield of 2.45%.

J M Smucker has increased its dividend payment by an average of 7.8% annually over the last three years and has raised its dividend annually for the last 16 consecutive years. J M Smucker has a payout ratio of 40.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect J M Smucker to earn $8.25 per share next year, which means the company should continue to be able to cover its $3.12 annual dividend with an expected future payout ratio of 37.8%.

Shares of J M Smucker (SJM) opened at $127.53 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.96 and a quick ratio of 0.42. The stock has a market capitalization of $14,490.00, a P/E ratio of 25.82, a P/E/G ratio of 2.15 and a beta of 0.66. J M Smucker has a 12 month low of $99.57 and a 12 month high of $143.68.

J M Smucker (NYSE:SJM) last issued its quarterly earnings results on Thursday, November 16th. The company reported $2.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.90 by $0.12. The business had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $1.90 billion. J M Smucker had a return on equity of 11.98% and a net margin of 7.72%. The firm’s revenue for the quarter was up .5% compared to the same quarter last year. During the same period in the previous year, the company posted $2.05 earnings per share. research analysts predict that J M Smucker will post 7.79 EPS for the current year.

In other J M Smucker news, insider David J. Lemmon sold 1,205 shares of the company’s stock in a transaction on Saturday, December 29th. The stock was sold at an average price of $124.54, for a total transaction of $150,070.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Jeannette L. Knudsen sold 1,600 shares of the company’s stock in a transaction on Friday, December 28th. The stock was sold at an average price of $124.36, for a total value of $198,976.00. Following the sale, the senior vice president now owns 23,452 shares of the company’s stock, valued at $2,916,490.72. The disclosure for this sale can be found here. Insiders have sold 5,610 shares of company stock valued at $698,093 over the last 90 days. Corporate insiders own 3.50% of the company’s stock.

Several equities research analysts recently issued reports on the company. Credit Suisse Group set a $120.00 price target on J M Smucker and gave the company a “hold” rating in a research note on Wednesday, January 10th. Susquehanna Bancshares set a $141.00 price target on J M Smucker and gave the company a “buy” rating in a research note on Friday, December 8th. Stifel Nicolaus boosted their price target on J M Smucker from $109.00 to $113.00 and gave the company a “hold” rating in a research note on Friday, November 17th. Jefferies Group set a $130.00 price target on J M Smucker and gave the company a “buy” rating in a research note on Monday, October 30th. Finally, Morgan Stanley set a $112.00 price target on J M Smucker and gave the company a “sell” rating in a research note on Friday, November 17th. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $127.75.

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About J M Smucker

The J. M. Smucker Company is a manufacturer and marketer of branded food and beverage products and pet food and pet snacks in North America. The Company’s segments include U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International and Foodservice. The Company’s U.S. retail market segments consist of the sale of branded food products to consumers through retail outlets in North America.

Dividend History for J M Smucker (NYSE:SJM)

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