What JM Smucker's Acquisition of Big Heart Pet Brands Means for Mutual Fund Investors (SJM)
Shauna O'Brien Feb 04, 2015
Inside the News
Big Heart Pet Brands portfolio of brands includes Meow Mix, Milk-Bone and Kibbles ’n Bits. This deal is expected to close by the end of April.
Acquiring a Pet Food Powerhouse
From a valuation standpoint, SJM is trading at about 20x 2015 earnings estimates, which is fairly attractive. The company also offers a decent dividend yield of about 2.26% for income-focused investors, and has a dividend payout ratio of 46.2%.
Mutual Funds to Watch
|VMCIX||Vanguard Mid Cap||1.70%|
|VTSMX||Vanguard Total Stock Index Fund||1.60%|
|VFINX||Vanguard 500 Index||1.08%|
The Bottom Line
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