The J. M. Smucker Company (SJM) To Go Ex-Dividend on November 13th

The J. M. Smucker Company (NYSE:SJM) announced a quarterly dividend on Thursday, October 22nd. Stockholders of record on Friday, November 13th will be given a dividend of $1.12 per share on Tuesday, December 1st. This represents a $4.48 annualized dividend and a dividend yield of 3.4%. The ex-dividend date is Friday, November 13th.

J. M. Smucker has a payout ratio of 40.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect J. M. Smucker to earn $10.91 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 41.1%.

J. M. Smucker Price Performance

Shares of NYSE:SJM opened at $133.50 on Wednesday. The firm’s 50 day moving average price is $124.63 and its 200-day moving average price is $112.25. J. M. Smucker has a twelve month low of $88.25 and a twelve month high of $136.22. The company has a quick ratio of 0.35, a current ratio of 0.87 and a debt-to-equity ratio of 1.11. The stock has a market capitalization of $14.26 billion, a PE ratio of 62.38, a price-to-earnings-growth ratio of 1.79 and a beta of 0.26.

J. M. Smucker (NYSE:SJM) last announced its earnings results on Wednesday, August 26th. The company reported $3.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.22 by $1.02. J. M. Smucker had a net margin of 2.51% and a return on equity of 19.85%. The company had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.13 billion. During the same period in the previous year, the business posted $1.90 earnings per share. The firm’s quarterly revenue was up 5.0% compared to the same quarter last year. J. M. Smucker has set its FY 2027 guidance at 10.500-11.000 EPS. Equities research analysts expect that J. M. Smucker will post 10.71 EPS for the current year.

Insider Buying and Selling

In other news, CFO Tucker H. Marshall sold 18,482 shares of the business’s stock in a transaction on Friday, August 28th. The shares were sold at an average price of $132.05, for a total value of $2,440,548.10. Following the transaction, the chief financial officer owned 38,699 shares of the company’s stock, valued at approximately $5,110,202.95. The trade was a 32.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Robert D. Ferguson sold 2,522 shares of the business’s stock in a transaction on Monday, August 31st. The stock was sold at an average price of $132.41, for a total transaction of $333,938.02. Following the completion of the transaction, the insider directly owned 36,295 shares in the company, valued at $4,805,820.95. This trade represents a 6.50% decrease in their position. The SEC filing for this sale provides additional information. 2.80% of the stock is currently owned by insiders.

Institutional Trading of J. M. Smucker

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Cullen Capital Management LLC boosted its stake in J. M. Smucker by 0.6% during the third quarter. Cullen Capital Management LLC now owns 20,719 shares of the company’s stock valued at $2,464,000 after buying an additional 132 shares during the last quarter. Fulcrum Asset Management LLP raised its holdings in shares of J. M. Smucker by 9,741.2% during the 3rd quarter. Fulcrum Asset Management LLP now owns 1,673 shares of the company’s stock worth $202,000 after acquiring an additional 1,656 shares in the last quarter. Parallel Advisors LLC boosted its position in shares of J. M. Smucker by 14.0% during the 3rd quarter. Parallel Advisors LLC now owns 4,205 shares of the company’s stock valued at $500,000 after acquiring an additional 518 shares during the last quarter. Collaborative Fund Advisors LLC bought a new position in shares of J. M. Smucker during the 3rd quarter valued at approximately $503,000. Finally, Richardson Financial Services Inc. grew its holdings in shares of J. M. Smucker by 206.7% in the third quarter. Richardson Financial Services Inc. now owns 276 shares of the company’s stock valued at $33,000 after purchasing an additional 186 shares in the last quarter. 81.66% of the stock is currently owned by institutional investors.

J. M. Smucker Company Profile

The J. M. Smucker Company is a food and beverage manufacturer best known for brands including Smucker’s, Jif, Folgers, Café Bustelo and Uncrustables. Its products include fruit spreads, peanut butter, coffee, frozen handheld sandwiches and sweet baked snacks, as well as pet food and treats sold under brands such as Milk-Bone and Meow Mix. Founded in 1897 by Jerome Monroe Smucker in Orrville, Ohio, the company has expanded from its original apple butter business through the development and acquisition of consumer food brands.