The J. M. Smucker Company (NYSE:SJM) Increases Dividend to $1.12 Per Share

The J. M. Smucker Company (NYSE:SJM) announced a quarterly dividend on Friday, July 17th. Stockholders of record on Friday, August 14th will be paid a dividend of 1.12 per share on Tuesday, September 1st. This represents a c) dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date is Friday, August 14th. This is a 1.8% increase from J. M. Smucker’s previous quarterly dividend of $1.10.

J. M. Smucker has increased its dividend by an average of 0.0%annually over the last three years and has increased its dividend annually for the last 27 consecutive years. J. M. Smucker has a dividend payout ratio of 40.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect J. M. Smucker to earn $10.64 per share next year, which means the company should continue to be able to cover its $4.48 annual dividend with an expected future payout ratio of 42.1%.

J. M. Smucker Stock Performance

Shares of SJM traded up $0.82 during mid-day trading on Wednesday, hitting $118.16. 66,705 shares of the company’s stock were exchanged, compared to its average volume of 1,846,000. The company has a current ratio of 0.78, a quick ratio of 0.33 and a debt-to-equity ratio of 1.15. J. M. Smucker has a fifty-two week low of $88.25 and a fifty-two week high of $127.64. The business’s 50 day moving average is $114.15 and its two-hundred day moving average is $106.43. The firm has a market capitalization of $12.60 billion, a P/E ratio of -90.91, a P/E/G ratio of 1.65 and a beta of 0.25.

J. M. Smucker (NYSE:SJM) last issued its quarterly earnings results on Tuesday, June 9th. The company reported $2.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.64 by $0.13. J. M. Smucker had a positive return on equity of 17.18% and a negative net margin of 1.53%.The firm had revenue of $2.27 billion for the quarter, compared to analysts’ expectations of $2.26 billion. During the same quarter in the previous year, the firm posted $2.31 EPS. The firm’s revenue for the quarter was up 5.8% on a year-over-year basis. J. M. Smucker has set its FY 2027 guidance at 9.750-10.250 EPS. On average, equities analysts expect that J. M. Smucker will post 9.95 earnings per share for the current year.

Insider Buying and Selling

In other J. M. Smucker news, insider Jeannette L. Knudsen sold 5,550 shares of the firm’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $116.29, for a total value of $645,409.50. Following the completion of the sale, the insider owned 16,039 shares of the company’s stock, valued at approximately $1,865,175.31. This trade represents a 25.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Tucker H. Marshall sold 3,630 shares of the business’s stock in a transaction on Wednesday, June 24th. The stock was sold at an average price of $111.05, for a total transaction of $403,111.50. Following the sale, the chief financial officer owned 38,699 shares in the company, valued at $4,297,523.95. The trade was a 8.58% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 18,533 shares of company stock valued at $2,132,914 over the last quarter. Company insiders own 2.80% of the company’s stock.

Institutional Trading of J. M. Smucker

Several hedge funds and other institutional investors have recently made changes to their positions in SJM. Garton & Associates Financial Advisors LLC acquired a new position in J. M. Smucker during the fourth quarter worth about $25,000. CYBER HORNET ETFs LLC acquired a new stake in shares of J. M. Smucker during the 2nd quarter valued at approximately $27,000. MCF Advisors LLC boosted its stake in shares of J. M. Smucker by 68.1% during the 4th quarter. MCF Advisors LLC now owns 311 shares of the company’s stock worth $30,000 after acquiring an additional 126 shares in the last quarter. MUFG Securities EMEA plc purchased a new stake in shares of J. M. Smucker during the 2nd quarter worth approximately $31,000. Finally, Fideuram Asset Management Ireland dac acquired a new stake in shares of J. M. Smucker in the 4th quarter worth approximately $32,000. Institutional investors and hedge funds own 81.66% of the company’s stock.

About J. M. Smucker

The J. M. Smucker Company is a diversified food and beverage manufacturer and marketer known for a portfolio of well-established consumer brands. The company’s main business activities include the production and distribution of fruit spreads, peanut butter, coffee and coffee filters, as well as pet food and pet snacks. Smucker’s core product lines serve both retail and foodservice customers through grocery chains, mass merchandisers, club stores, convenience outlets and e-commerce channels.

Among its leading brands are Smucker’s® fruit spreads, Jif® peanut butter, Folgers® and Dunkin’® coffees, and Café Bustelo® coffee.