J.M. Smucker Company (The) New (NYSE:SJM):
The J. M. Smucker Company Declares Dividend.
The company is up from yesterday’s close of $129.32.
J.M. Smucker Company (The) New declared a dividend for shareholders which was paid on Thursday the 1st of September 2016. The dividend was $0.750 per share for the quarter which comes to $3.00 on an annualized basis. This dividend represents a yeild of $2.30 which is the dividend as a percentage of the current share price. The ex-dividend date was Wednesday the 10th of August 2016.
Company chares are trading at $131.92 a tad below the 50 day moving average of $134.06 and a bit lower than the 200 day moving average of $139.38. The 50 day moving average was down $-2.14 or -1.60% and the 200 day average moved down $-7.46.
J.M. Smucker Company (The) New currently has a P/E ratio of 21.69 and the market cap of the company is 15.36B. As of the last earnings report the EPS was $6.08 and is projected to be $7.68 for the current year with 116,417,000 shares presently outstanding. Analysts expect next quarter’s EPS will be $2.07 and the next full year EPS is anticipated to be $8.16.
Brokerage analysts have released ratings on the company recently. On September 27 the company was downgraded to “Neutral” from “Outperform” and a price target of $145.00 was set in a report from Credit Suisse. Credit Suisse both downgraded the stock and raised the price target on September 27 boosting the price target from $142.00 to $145.00 and moving the rating from “Outperform” to “Neutral”.
August 18 investment analysts at Deutsche Bank kept the stock rating at “Buy” and moved up the price target to $165.00 from $135.00. On June 10 the stock rating was downgraded from “Buy” to “Hold” by Jefferies.
On June 3 Deutsche Bank maintained a company rating of “Equal-weight” and lowered the price target from $137.00 to $135.00. On June 3 Morgan Stanley kept the company rating at “Equal-weight” and raised the price expectation to $135.00 from $102.00.