The J. M. Smucker Company (SJM) To Go Ex-Dividend on May 15th

The J. M. Smucker Company (NYSE:SJM) announced a quarterly dividend on Thursday, April 16th. Investors of record on Friday, May 15th will be given a dividend of 1.10 per share on Monday, June 1st. This represents a c) annualized dividend and a dividend yield of 4.4%. The ex-dividend date of this dividend is Friday, May 15th.

J. M. Smucker has raised its dividend payment 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 payout ratio of 39.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect J. M. Smucker to earn $9.80 per share next year, which means the company should continue to be able to cover its $4.40 annual dividend with an expected future payout ratio of 44.9%.

J. M. Smucker Stock Performance

NYSE:SJM opened at $100.24 on Wednesday. The company has a current ratio of 0.84, a quick ratio of 0.35 and a debt-to-equity ratio of 1.31. J. M. Smucker has a 12-month low of $88.25 and a 12-month high of $119.39. The stock has a 50-day moving average price of $99.18 and a 200 day moving average price of $102.14. The stock has a market capitalization of $10.69 billion, a P/E ratio of -8.50, a P/E/G ratio of 3.98 and a beta of 0.25.

J. M. Smucker (NYSE:SJM) last released its earnings results on Thursday, February 26th. The company reported $2.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.27 by $0.11. J. M. Smucker had a positive return on equity of 15.94% and a negative net margin of 14.07%.The firm had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $2.32 billion. During the same quarter last year, the business posted $2.61 earnings per share. The firm’s revenue was up 7.0% on a year-over-year basis. Equities research analysts forecast that J. M. Smucker will post 9.04 EPS for the current fiscal year.

Hedge Funds Weigh In On J. M. Smucker

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Garton & Associates Financial Advisors LLC purchased a new position in J. M. Smucker in the fourth quarter worth about $25,000. CYBER HORNET ETFs LLC bought a new stake in shares of J. M. Smucker in the 2nd quarter valued at approximately $27,000. Root Financial Partners LLC bought a new stake in shares of J. M. Smucker in the 3rd quarter valued at approximately $29,000. MCF Advisors LLC lifted its stake in shares of J. M. Smucker by 68.1% in the 4th quarter. MCF Advisors LLC now owns 311 shares of the company’s stock valued at $30,000 after purchasing an additional 126 shares during the last quarter. Finally, MUFG Securities EMEA plc bought a new stake in shares of J. M. Smucker in the 2nd quarter valued at approximately $31,000. 81.66% of the stock is owned by hedge funds and other institutional investors.

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.