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J.M. Smucker Added To The Portfolio

Summary

  • I bought shares of J.M. Smucker after liking what I saw with a deeper analysis
  • The stock is trading near it’s 52 week low and at a fair value based on adjusted earnings
  • The dividend will be increased soon, ballpark may be around 8%
  • The dividend has room to grow, a current yield slightly better than the S&P

Introduction

I like to give the TL;DR (too long, didn’t read) version at the top so you can just skim if you want but of course I encourage you too read on!

I have been working on a series of articles pertaining to the big food companies.  I’ve covered Kellogg, General Mills, J.M. Smucker and soon to be Hormel.  All four companies have been trading near their 52 week lows, offer a steady business model and pay dividends.  This is an intriguing combination and had me wanting to dive deeper to see if they were worth investing in.

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