SJM
J. M. Smucker CompanyNYSE
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  • Thu, Nov. 17, 7:38 AM
    • J.M. Smucker (NYSE:SJM) reports net sales dropped 5% in FQ2, excluding divestiture and foreign currency exchange.
    • Revenue by segment: U.S. Retail Coffee: $551.8M (-6%); U.S. Retail Consumer Foods: $557.3M (-13%); U.S. Retail Pet Foods: $531M (-6%); International and Foodservice: $273.8M (-3%).
    • Adjusted gross margin rate improved 190 bps to 39.6%.
    • Adjusted operating margin rate increased 170 bps to 20.7%.
    • EBITDA margin grew 130 bps to 21.5%.
    • FY2017 Guidance: Net sales: -2% to -3%; Diluted EPS: $5.85 to $6; Adjusted non-GAAP EPS: $7.60 - $7.75; Tax rate: 33%; Shares outstanding: 116.6M; Free cash flow: $1B; Capex: $240M.
    | Thu, Nov. 17, 7:38 AM | 3 Comments
  • Thu, Nov. 17, 7:03 AM
    • J. M. Smucker (NYSE:SJM): FQ2 EPS of $2.05 beats by $0.12.
    • Revenue of $1.91B (-8.2% Y/Y) misses by $80M.
    • Press Release
    | Thu, Nov. 17, 7:03 AM
  • Wed, Nov. 16, 5:30 PM
  • Tue, Nov. 8, 2:58 PM
    • Food stocks are getting gobbled after a report circulates indicating that 3G is prepping for another acquisition.
    • Sources tell Brazil Journal that 3G is raising between $8B and $10B for the new deal.
    • Gainers on the day include Mondelez International (MDLZ +4%), G. Will Food-International <<WILC,>> Kraft Heinz (KHC +2.8%), Pilgrim's Pride (PPC +2.9%), Lifeway Foods (LWAY +1.2%), Pinnacle Foods (PF +0.8%), Tyson Foods (TSN +1.4%), Seneca Foods (SENEB), Campbell Soup (CPB +3.6%), General Mills (GIS +3%), Kellogg (K +2.8%), Flower Foods (FLO +1.4%) and J.M. Smucker (SJM +1.1%).
    • The PowerShares Dynamic Foods & Beverage ETF (NYSEARCA:PBJ) is up 1.93% on the day.
    | Tue, Nov. 8, 2:58 PM | 40 Comments
  • Mon, Oct. 31, 10:20 AM
    • Susquehanna compares valuations on the food stocks in its coverage universe. The food stock check by the firm arrives after M&A activity has driven up share prices on many names.
    • The list of food stocks still trading with a price-earnings ratio below 20 has narrowed to General Mills (NYSE:GIS), Hain Celestial (NASDAQ:HAIN), Kellogg (NYSE:K) and J.M. Smucker (NYSE:SJM).
    • J.M. Smucker is the food stock that trades with the lowest PE in comparison to the sector average, while Hain Celestial trades the lowest compared to its historic average.
    • TreeHouse Foods (NYSE:THS) has the most attractive adjusted EV/EBITDA mark (14.8X).
    • General Mills and Kellogg have the most generous dividend yields, 3.0% and 2.8% respectively.
    • Analyst Pablo Zuanic published the food stock update.
    • Previously: Rally time for food stocks (Oct. 28)
    | Mon, Oct. 31, 10:20 AM | 1 Comment
  • Fri, Oct. 28, 12:30 PM
    • Food stocks are in celebratory mood today after Hershey (HSY +6.6%) posted pleasing earnings results and Dean Foods is reported to be on the radar of Chinese beverage giant Hangzhou Wahaha Group.
    • A lesser factor, but still a possible tailwind, was this morning's better-than-anticipated GDP print.
    • Notable gainers include TreeHouse Foods (THS +1.2%), J M Smucker (SJM +2%), Post Holdings (POST +2%), Campbell Soup (CPB +2.5%), Pinnacle Foods (PF +1.6%), Hain Celestial (HAIN +1.3%), General Mills (GIS +1.6%) and Mondelez International (MDLZ +2.5%).
    • The PowerShares Dynamic Food & Beverage ETF (NYSEARCA:PBJ) is up 1.12% to outpace broad market averages.
    | Fri, Oct. 28, 12:30 PM | 3 Comments
  • Fri, Oct. 21, 5:37 PM
    • J. M. Smucker (NYSE:SJM) declares $0.75/share quarterly dividend, in line with previous.
    • Forward yield 2.31%
    • Payable Dec. 1; for shareholders of record Nov. 11; ex-div Nov. 8.
    | Fri, Oct. 21, 5:37 PM
  • Thu, Sep. 29, 10:02 AM
    • It's National Coffee Day in the U.S., but it's weather in Brazil and Vietnam that is the focus of the coffee industry.
    • Drought conditions and crop disease concerns have pushed prices higher and created some short-term supply constraints.
    • Indexmundi.com shows robusta coffee prices are up 18% YTD and mild arabicas prices are 16% higher.
    • Higher commodity prices can hit packaged coffee sellers harder than chains selling fresh coffee, although hedging activity also plays a larger factor in how individual companies shake out.
    • On a consumer level, don't expect any relief at Starbucks on their base coffee prices ($1.85 tall, $2.10 grande, $2.45 venti) anytime soon.
    • Related tickers: SBUX, DNKN, SJM, QSR, MCD, MDLZ, KKD, WWAV, JVA, OTCQB:JAMN, OTCQB:BCCI, FARM, OTCPK:NSRGY.
    • ETFs: JO, CAFE.
    | Thu, Sep. 29, 10:02 AM | 21 Comments
  • Tue, Sep. 27, 11:14 AM
    • Credit Suisse lowers its rating on J.M. Smucker (SJM -3%) to a Neutral rating after having the food stock set at Outperform.
    • The investment firm says it didn't properly factor in some of the challenges Smucker is facing, including hefty investments in the pet food business.
    • The new price target from CS is $145 from $158.
    | Tue, Sep. 27, 11:14 AM | 2 Comments
  • Thu, Sep. 22, 9:42 AM
    • Hilliard Lyons upgrades J.M. Smucker (NYSE:SJM) to a Neutral rating after having the food stock set at Underperform. The capitulation by Hilliard leaves Goldman Sachs and JPMorgan manning the bear camp on SJM by themselves.
    • Shares of J.M. Smucker are up 1.08% to $137.79 in early trading vs. a 52-week range of $106.87 to $157.31.
    | Thu, Sep. 22, 9:42 AM
  • Wed, Sep. 14, 11:22 AM
    • Data from NPD Group indicates that 11% of millennials use craft coffee brewing to satisfy their daily coffee cravings.
    • It's a trend to watch with younger consumers representing 44% of at-home craft coffee brewers of which a third live in urban areas.
    • It's not clear if the increase in at-home craft coffee consumption is peeling away meaningful packaged coffee sales or store traffic to chains, but there could be a reputational risk to national brands on quality in the future.
    • Related tickers: SBUX, DNKN, SJM, QSR, MCD, MDLZ, KKD, WWAV, JVA, OTCQB:JAMN, OTCQB:BCCI, FARM, OTCPK:NSRGY.
    • ETFs: JO, CAFE.
    | Wed, Sep. 14, 11:22 AM | 18 Comments
  • Tue, Aug. 23, 12:00 PM
    | Tue, Aug. 23, 12:00 PM
  • Tue, Aug. 23, 7:05 AM
    • J. M. Smucker (NYSE:SJM): FQ1 EPS of $1.86 beats by $0.12.
    • Revenue of $1.82B (-6.7% Y/Y) misses by $70M.
    • Shares +0.49% PM.
    • Press Release
    | Tue, Aug. 23, 7:05 AM | 11 Comments
  • Mon, Aug. 22, 5:30 PM
    | Mon, Aug. 22, 5:30 PM | 2 Comments
  • Wed, Jul. 13, 5:18 PM
    • J. M. Smucker (NYSE:SJM) declares $0.75/share quarterly dividend, 11.9% increase from prior dividend of $0.67.
    • Forward yield 1.96%
    • Payable Sept. 1; for shareholders of record Aug. 12; ex-div Aug. 10.
    | Wed, Jul. 13, 5:18 PM | 15 Comments
  • Wed, Jul. 13, 11:35 AM
    • It's steady as she goes again for the group of well-known consumer staples stocks that investors continue to find appealing amid global volatility and low interest rates.
    • Procter & Gamble (PG +0.2%), Colgate-Palmolive (CL +0.4%), Clorox (CLX +0.6%), Kimbery-Clark (KMB +0.3%), Coca-Cola (KO +0.2%), PepsiCo (PEP +0.7%), Altria Group (MO +0.5%), Philip Morris International (PM +0.1%), Church & Dwight (CHD +0.3%), and Unilever (UN, UL) have all outperformed the S&P 500 Index this year with returns ranging from 7% to 18%. Kraft Heinz (KHC +1%), Energizer (ENR -0.6%), Hershey (HSY +0.4%), Campbell Soup (CPB +0.3%), and J.M. Smucker (SJM +0.4%) are all up at least 20% YTD.
    • Goldman Sachs has an explanation on why a generous valuation is warranted for the staples favorites.
    • "We raise our average Staples target multiples to 20-22X P/E, up from the 19-20X range prior, to reflect the recent decline in 10-year yield as well as some likelihood of a slower rise in yield over the next 12 months and broader market volatility," wrote the MNST)+(NYSE:STZ)+(NYSE:PF)/11822884.html" target="_blank">analyst team covering the sector in a note to investors.
    • Top consumer staples picks from GS include Monster Beverage (MNST +0.4%), Constellation Brands (STZ +0.2%), Pinnacle Foods (PF +1.2%), and Post Holdings (POST +0.5%).
    • Consumer staples ETFs: XLP, VDC, FXG, RHS, FSTA, PSL, PSCC.
    | Wed, Jul. 13, 11:35 AM | 18 Comments