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J. M. Smucker Company (SJM)

  • Thu, Jul. 16, 5:18 PM
    • J. M. Smucker (NYSE:SJM) declares $0.67/share quarterly dividend, 4.7% increase from prior dividend of $0.64.
    • Forward yield 2.47%
    • Payable Sept. 1; for shareholders of record Aug. 14; ex-div Aug. 12.
    | Thu, Jul. 16, 5:18 PM | Comment!
  • Thu, Jul. 9, 6:15 PM
    • J.M. Smucker (NYSE:SJM) plans to sell 4.92M shares on behalf of a firm linked to Centerview Capital and AlpInvest, two of Big Heart Pet Brands' former P-E owners.
    • SJM bought Big Heart for 17.9M shares, $1.3B in cash, and the assumption of $2.6B in debt. Shares -1.7% AH to $106.50.
    | Thu, Jul. 9, 6:15 PM | Comment!
  • Mon, Jul. 6, 2:14 PM
    • Keurig Green Mountain (GMCR -3.6%) is slammed after SunTrust cut its stock price target to $70 from $95, citing a loss of market share to the likes of Kraft Heinz (KHC), JM Smucker (NYSE:SJM) and Starbuck (NASDAQ:SBUX).
    • The firm thinks GMCR will need to address share losses for its company-owned brands sooner rather than later, which will pressure earnings; market share for GMCR-owned brands have dropped to 28% from 35% over the past year and posted a 5% sales decline and 12% volume decline in the most recent four-week period, according to Nielsen, lost to GMCR’s licensed partners which have stronger brands and are promoting their products more than GMCR.
    • SunTrust says it does not believe GMCR wants simply to be a contract manufacturer for the industry; GMCR will need to step up promotions in the coming months while working through its higher-cost coffee hedges, which the firm cites as the key reason behind its FY 2015 earnings reduction.
    | Mon, Jul. 6, 2:14 PM | 5 Comments
  • Wed, Jul. 1, 8:21 AM
    • J.M. Smucker (NYSE:SJM) cuts prices on packaged coffee products by an average of 6%.
    • The reduced pricing impacts products sold under the Folgers and Dunkin' Donuts brand names.
    • Wholesale coffee prices have moderated over the last six months (Robusta chart).
    | Wed, Jul. 1, 8:21 AM | 2 Comments
  • Thu, Jun. 4, 7:15 AM
    • J.M. Smucker (NYSE:SJM) received a boost to sales in FQ4 from the acquisition of Big Heart.
    • Revenue growth by segment: U.S. Retail Coffee -1% to $468.6M, U.S. Retail Consumer Foods -8% to $427.5, International/Foodservice/Natural +6% to $311.9M, U.S Retail Pet Foods $239.1M.
    • Sales mix worked in the company's favor in FQ4.
    • Price realization added two points of growth during the quarter.
    • Marketing costs rate +110 bps to 5.3%.
    • Total SG&A expense rate +100 bps to 7.6%.
    • Operating income rate -1006 bps to 4.9%.
    | Thu, Jun. 4, 7:15 AM | Comment!
  • Thu, Jun. 4, 7:02 AM
    • J. M. Smucker (NYSE:SJM): FQ4 EPS of $0.98 misses by $0.01.
    • Revenue of $1.44B (+17.1% Y/Y) beats by $100M.
    • Press Release
    | Thu, Jun. 4, 7:02 AM | Comment!
  • Wed, Jun. 3, 5:30 PM
  • Mon, Jun. 1, 12:49 PM
    • Iconic food and beverage brands continue to grow out of favor with U.S. consumers, according to a new report from Rabobank.
    • Many Q1 earnings reports tipped off weakness at well-known F&B brands.
    • The bank notes that the increasing purchase power of the millennial generation is a major factor in the shift as e-commerce accounts for a higher mix of purchasing.
    • A willingness of major retail chains such as Target (NYSE:TGT), Kroger (NYSE:KR), and Costco (NASDAQ:COST) to attempt to differentiate themselves with new concepts and products has also contributed to well-known brands slipping.
    • Rabobank thinks major food and beverage players can still show strong growth rates if they are nimble with their strategy and use M&A wisely to catch fresh brands on the upswing.
    | Mon, Jun. 1, 12:49 PM | 6 Comments
  • Fri, May 15, 12:40 PM
    • Dan Loeb's Third Point LLC  exited its 10M-share Alibaba (BABA - unchanged) position in Q1, after having upped its stake in the Chinese e-commerce giant in Q4. (13F filing)
    • The firm also unloaded its 7M-share position in EMC (EMC -0.1%), which confirmed during the quarter it doesn't plan to spin off VMware, and a 4M-share stake in Williams (WMB +1.3%).
    • A 3.3M-share stake was taken in Yum Brands (YUM +3.6%), a 900K-share stake in FedEx (FDX +0.7%), a 1.15M-share stake in J.M. Smucker (SJM -0.1%), and a 626K-share stake in McKesson (MCK). Loeb also respectively took 1.6M-share and  3.5M-share stakes in chipmakers NXP (NXPI +0.2%) and Maxim (MXIM +0.4%).
    • Stakes were increased in Delta Air Lines, Actavis, FleetCor, and Roper Technologies, and decreased in Amgen, Ally Financial, eBay, Phillips 66, and Anheuser Busch. Interestingly, a modest 90K-share position was taken in top Alibaba rival (JD -0.8%).
    • Meb Faber observes someone tracking Loeb's top 10 picks since 2000 would have obtained a 12.4% annual return since 2000 (504.8% overall), soundly beating the S&P 500's 4.4% (95.4% overall).
    | Fri, May 15, 12:40 PM | 5 Comments
  • Thu, May 14, 11:05 AM
    • The National Weather Service forecasts a continuation of El Nino conditions in the Pacific Ocean late into the year.
    • The outlook is consistent with a recent statement from across the ocean by the Japanese Meteorological Agency.
    • In the past, El Nino conditions have contributed to drought conditions in Central and South America to impact coffee costs for sellers.
    • Related stocks: GMCR, SBUX, JVA, SJM, KRFT, DNKN, OTCQB:JAMN.
    • Related ETFs: JO
    • El Nino Advisory (.pdf)
    | Thu, May 14, 11:05 AM | 24 Comments
  • Mon, Apr. 20, 2:58 PM
    • Pet spending in the U.S. is expected to rise 4.4% to $60.59B this year.
    • The food category is seen rising 3.5%, while growth of 4.7% is forecast for the supplies and medicine category.
    • Sale of premium food weren't broken out, but is seen outpacing the overall industry.
    • Related stocks: FRPT, PETM, SJM, PETS.
    | Mon, Apr. 20, 2:58 PM | 1 Comment
  • Thu, Apr. 16, 5:17 PM
    • J. M. Smucker (NYSE:SJM) declares $0.64/share quarterly dividend, in line with previous.
    • Forward yield 2.17%
    • Payable June 1; for shareholders of record May 15; ex-div May 13.
    | Thu, Apr. 16, 5:17 PM | Comment!
  • Mon, Apr. 13, 1:06 PM
    • Wal-Mart's (WMT) strategy to increasing pricing pressure on suppliers is likely to be felt by some consumer products giants.
    • Though larger suppliers have more leverage with Wal-Mart than smaller companies, an impact on margins could still be felt.
    • Listed below are the estimated annual revenue and percentage of total revenue derived from the Bentonville retail giant for some CPG firms.
    • Procter & Gamble (NYSE:PG): $12B to mark 14% of total revenue.
    • PepsiCo (NYSE:PEP): $8B, 12% of total revenue.
    • Kraft Foods (NASDAQ:KRFT): $4.7B, 26% of total revenue.
    • Kellogg (NYSE:K): $3.1B, 21% of total revenue.
    • Campbell Soup (NYSE:CPB): $1.6B, 19% of total revenue.
    • J.M. Smucker (NYSE:SJM): $2.35B, 30% of total revenue.
    • Clorox (NYSE:CLX): $1.5B, 26% of total revenue.
    • Hillshire Brands (NYSE:TSN): $1.1B, 27% of total revenue.
    • Keurig Green Mountain (NASDAQ:GMCR): $799M, 17% of total revenue.
    • Energizer (NYSE:ENR): $748M, 17.2% of total revenue.
    • Tootsie Roll (NYSE:TR): $129M. 23.7% of total revenue.
    • Data compiled by the Cincinnati Enquirer
    | Mon, Apr. 13, 1:06 PM | 9 Comments
  • Thu, Mar. 26, 12:37 PM
    • Deutsche Bank thinks 3G Capital will be back in the food sector for a major acquisition faster than some other investment firms anticipate.
    • 3G put itself in a stronger position to make a major purchase by not adding debt in the Kraft deal.
    • Analyst Eric Katzman sees some food names trading with a premium as the 3G shadow hangs over the sector, while others have downside risk with M&A speculation not making as much sense.
    • Premium on: ConAgra (NYSE:CAG), General Mills (NYSE:GIS), Mondelez International (NASDAQ:MDLZ), Pinnacle Foods (NYSE:PF), PepsiCo (NYSE:PEP).
    • Premium off: Campbell Soup (NYSE:CPB), Hershey (NYSE:HSY), Hormel (NYSE:HRL), Kellogg (NYSE:K), J.M. Smucker (NYSE:SJM).
    • Previously: Investors snapping up food stocks (Mar. 25 2015)
    • Previously: Beer fallout from Kraft buyout (Mar. 25 2015)
    • Previously: Kraft-Heinz merger has a few ETFs on the move (Mar. 25 2015)
    | Thu, Mar. 26, 12:37 PM | 11 Comments
  • Mon, Mar. 9, 7:37 AM
    • Wheat prices took a sharp turn lower last week as traders weighed the large amount of global supply versus a tightening of demand in the U.S.
    • Prices have recovered a bit today in front of a Department of Agriculture report, but are expected to see more downward pressure.
    • The development should bring some relief for food companies as supplying contracts are reworked.
    • Related stocks: SJM, FLO, CAG, POST, CPB, GIS, K, PEP, BUD.
    • Related ETF: WEAT.
    • Wheat daily price wheat chart.
    | Mon, Mar. 9, 7:37 AM | 5 Comments
  • Mon, Mar. 2, 2:34 PM
    • Coffee prices are in retreat as extended rain in Brazil and increased production capacity has helped to soothe the market and push up forecasts on output.
    • Data from the U.S. Commodity Futures Trading Commission indicates a sharp drop in bullish bets on coffee as experts now ease off some previous concerns on supply vs. demand.
    • Arabica prices are still higher than where they were a year ago.
    • There could be a lag factor for many companies to see a benefit from lower coffee commodity costs. Starbucks tipped off during its FQ1 earnings call (transcript) it has 94% of its 2015 coffee needs already priced.
    • Arabica coffee price chart
    • Related stocks: GMCR, SBUX, JVA, SJM, KRFT, DNKN
    • Related ETFs: JO
    | Mon, Mar. 2, 2:34 PM | 1 Comment
Company Description
JM Smucker Co manufactures and markets branded food products.