Shares of SJM are down about 8% since late January, and that’s a pretty big dip for the remarkably steady food company. The company pays a dividend with current yield of 2.62%, and it has a trailing P/E of 24.3. Things get a little more interesting, however, when you look at the forward P/E of 14.7. Lastly, it’s the addition of growth—9.8% yoy quarterly earnings growth—that make SJM such an exceptional looking value play today.
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