This week I’m seeking a prestigious and long-term dividend paying stock from the consumer defensive sector.
That defensive sector includes thirteen industries all related to providing those convenient packaged goods we’ve just gotta have. Industries like: beverages, brewed, soft, or distilled; confections; discount stores; education & training; farm products; food distribution; grocery stores; household & personal products; packaged goods; pharmaceutical retailers; tobacco.
Today I’m reviewing a large-cap packaged foods firm named The J. M. Smucker Company. It’s trading ticker symbol is SJM.
JM Smucker Co operates in the consumer foods industry. It operates in four segments: U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International and Away From Home.
The company primarily offers coffee, pet food and pet snacks, peanut butter, fruit spreads, shortening and oils, baking mixes and ready-to-spread frostings, frozen sandwiches, flour and baking ingredients, juices and beverages, and portion control products.
It also provides dog snacks, natural shelf stable juices, ice cream toppings, flours, pickles, canned milk, premium pet food products, and foodservice hot beverages.
The company offers its products under numerous brands: Folgers, Dunkin’ Café Bustelo, Jif, Smucker’s, Crisco, Pillsbury, Uncrustables, Meow Mix, Milk-Bone, Natural Balance, Kibbles ‘n Bits, 9Lives, Pup-Peroni, Nature’s Recipe, 1850, Robin Hood, Five Roses, R.W. Knudsen Family, Sahale Snacks, Bick’s, Rachael Ray, and Nutrish brands.
It sells its products through direct sales and brokers to food retailers and wholesalers, and through retail channels, and foodservice distributors and operators.
The company was founded in 1897 and is headquartered in Orrville, Ohio.
I use three key data points to gauge the value of any dividend equity or fund like The J. M. Smucker Company:
