J. M. Smucker Company(SJM)- NYSE
  • 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 | 17 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 | 1 Comment
  • 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
  • Mon, Jul. 11, 2:12 PM
    • A bill requiring food companies to label GMO ingredients was approved by the U.S. Senate by a 63 to 30 vote and now heads to the House of Representatives.
    • The negotiated bill requires food companies to label genetically modified food by a phrase, symbol on the package, or a bar code that can be scanned by smartphones.
    • The Department of agriculture still has two years to write the precise labeling rules if the House approves the bill.
    • The passage of the bill is seen as a positive for the food sector as the alternative of having to adhere to state-by-state rules could create operational chaos for national sellers.
    • Food stocks: SENEA, SENEB, THS, OTCPK:NCRA, CPB, MDLZ, GIS, OTCPK:NSRGY,  FLO, CAG, DF, SJM,DF, ANFI, JJSF, WWAV, UL, OTCQX:DANOY, OTCPK:PLATF, POST, K, PEP, DMND, PF, HAIN, KO, BETR, KHC, WILC, PPC, PF, LWAY, HRL, TSN, DTEA, SAFM, BRID.
    | Mon, Jul. 11, 2:12 PM | 37 Comments
  • Fri, Jun. 17, 3:07 PM
    • Susquehanna issued a detailed report on IRI scanner data trends in the food and beverage industry.
    • The investment firm noted that soda drink volume fell 2.8% Y/Y for the 12-week period ending on June 5. PepsiCo (NYSE:PEP) volume was down 5%, compared to 1.3% decline for Coca-Cola KO and 1.9% fall-off for Dr. Pepper Snapple (NYSE:DPS).
    • K-cup revenue was up 8% for the 12 weeks as J.M. Smucker (NYSE:SJM). Starbucks (NASDAQ:SBUX), and Dunkin' Brands (NASDAQ:DNKN) all showed strong volume amid ongoing pricing pressure. K-cup sales decelerated for Kraft Heinz (NASDAQ:KHC) and could turn negative if pricing pressure sustains.
    • In the yogurt category, scanner data over four weeks confirmed that General Mills (NYSE:GIS) is losing market share to Chobani and Danone (OTCQX:DANOY). Susquehanna tips that Chobani may be prepping for a sale.
    • General Mills beat out Kellogg (NYSE:K) in the cereal category as its 12-week sales growth of +2.3% easily topped Kellogg's 2.2% decline.
    • Pricing with beer is helping to make up for continued volume pressure. Across the sector, pricing was recorded as 2.5% higher for the 12 weeks of data.
    • Beer volume: Anheuser-Busch InBev (NYSE:BUD) -1.8%, MillerCoors (OTCPK:SBMRY, TAP) -2.7%, Boston Beer (NYSE:SAM) -2.1%.
    • Susquehann'a Pablo Zuniac put together the deep dive into the scanned data.
    • Within the F&B sector, he has BUD, THS, WWAV, TAP, and KHC rated at Positive.
    | Fri, Jun. 17, 3:07 PM | 10 Comments
  • Wed, Jun. 15, 10:45 AM
    | Wed, Jun. 15, 10:45 AM | 22 Comments
  • Wed, Jun. 15, 2:26 AM
    • Twenty-five years after classifying coffee as a possible carcinogen leading to bladder cancer, the World Health Organization has reversed course, and is expected to say today that coffee isn't classifiable as a carcinogen.
    • WHO is also likely to state coffee has no carcinogenic effects related to other cancers and has even been seen to reduce the risk of liver and uterine cancers.
    • Related tickers: SBUX, DNKN, SJM, QSR, MCD, MDLZ, KKD, WWAV, JVA, OTCQB:JAMN, OTCQB:BCCI, FARM, OTCPK:NSRGY
    • ETFs: JO, CAFE
    | Wed, Jun. 15, 2:26 AM | 33 Comments
  • Thu, Jun. 9, 7:23 AM
    • J.M. Smucker (NYSE:SJM) reports net sales rose 25% in FQ4 reflecting the contribution of Big Heart Pet Brands and growth within the U.S. retail coffee segment.
    • Excluding acquisitions and foreign currency exchange net sales expanded 5%.
    • Revenue by segment: U.S. Retail Coffee: $512.6M (+9%); U.S. Retail Consumer Foods: $473.7M (-2%); U.S. Retail Pet Foods: $562.9M; International and Foodservice: $258.4M (-1%).
    • Adjusted gross margin rate improved 590 bps to 37.7%.
    • Total SD&A expenses rate fell 40 bps to 19.5%.
    • Adjusted operating margin rate grew 590 bps to 15.5%.
    • EBITDA margin was 19.8% vs -1.5% in 4Q15.
    • FY2017 Guidance: Net sales: -1% Y/Y; Diluted EPS: $5.85 to $6; Adjusted non-GAAP EPS: $7.60 - $7.75; Tax rate: 34%; Free cash flow: $1B; Capex: $240M.
    | Thu, Jun. 9, 7:23 AM | 3 Comments
  • Thu, Jun. 9, 7:02 AM
    • J. M. Smucker (NYSE:SJM): FQ4 EPS of $1.86 beats by $0.66.
    • Revenue of $1.81B (+24.8% Y/Y) beats by $70M.
    • Press Release
    | Thu, Jun. 9, 7:02 AM | 1 Comment
  • Wed, Jun. 8, 5:30 PM