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SJM

J. M. Smucker Company

5/24/2013, 11:23 AM ET

Quote & Headlines Market Currents StockTalk

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Wednesday, May 15, 1:08 PM The International Coffee Organization forecasts coffee production in Central America will shrink 16% during the current growing season that runs from October to September due to a widespread fungus in the region that is wreaking havoc. Though only 10% of the world's coffee comes from Central American countries, it's an important region for many premium blend sellers. Wholesale coffee buyers: GMCR, KRFT, SJM, SBUX, CBOU. 1 Comment [Consumer]
Monday, April 22, 8:58 AM J. M. Smucker (SJM) declares $0.52/share quarterly dividend, in line with previous. Forward yield 2.02%. For shareholders of record May 17. Payable June 03. Ex-div date May 15. (PR) Comment! [Dividends]
Monday, April 15, 3:27 PM Is Green Mountain Coffee Roasters (GMCR -4.4%) gaining enough market share to compensate for lower K-cup prices? That's the question that could be answered when the company reports earning on May 8 and also has importance in evaluating the next couple of quarters. Sector watch: The company - along with peers (KRFT, SJM, PEET, DNKN) - received a bit of a jolt when Starbucks dropped the pricing on its 12-ounce bagged coffee by a dollar to $8.99. 3 Comments [Consumer]
Monday, April 1, 1:53 PM Commodity input costs for food companies could be lower in Q2 if the trend of lower prices on corn, wheat, and soybean sustains. What to watch: Though the sector is getting tagged as overbought and the Heinz premium hanging over it could wear out, improving margins might be enough to take General Mills (GIS -1.4%), Kellogg (K -0.8%), J.M. Smucker (SJM -0.3%), and Campbell Soup (CPB +0.4%) to even greater heights this year. Comment! [Consumer]
Monday, March 25, 9:04 AM Will Warren Buffett snack on another company this year to go along with the mega-sized purchase of Heinz with partner 3G Capital? SA contributor John McCoy thinks J.M. Smucker (SJM), W.W. Grainger (GWW), and McCormick (MKC) all fit the Buffett profile with their wide moat and strong brands. A longer shot for a Berkshire Hathaway play could be Tiffany (TIF), right-sized for acquisition in a luxury sector Buffett has dabbled with in the past. 4 Comments [Consumer, M&A]
Thursday, March 21, 9:29 AM Coffee watch: Coffee futures (chart) continue to drift lower this year. Though some relief for bagged coffee sellers on wholesale costs is already built into estimates, the margin boost could be even better than expected. A long-term trend to watch is demand in India where the emerging coffee scene could be a disrupter to pricing if sales soar. Coffee players: DNKN, SBUX, GMR, PEET, KRFT, SJM. Comment! [Consumer, Commodities]
Monday, March 18, 6:36 AM Goldman Sachs downgrades J.M. Smucker (SJM) to a Sell rating with a lowered price target of $93. Shares of SJM reached an all-time high on Friday at $97.94. Comment! [Consumer]
Tuesday, February 19, 8:42 AM J.M. Smucker (SJM) announces it lowered the list prices on packaged coffee sold in the U.S. under the Folgers and Dunkin' Donuts brand names. On average, prices were trimmed by 6%. Comment! [Consumer]
Tuesday, February 19, 8:32 AM The Consumer Analyst Group conference in New York will be dominated by talk of what future consolidation in the food sector might look like after the mega-sized Heinz deal set the table last week. Typically a showcase for new products and strategies, this year's confab will have analysts lining up which marriages could produce the most synergies in developed markets and revenue potential in emerging markets. Presenters: K, GIS, PEP, CPB, KRFT, MDLZ, SJM, HSY. (full list) Comment! [Consumer]
Friday, February 15, 7:17 AM More on J.M. Smucker's (SJM) FQ3: The company sees net sales increasing 6% Y/Y in FY13 including the benefit from the Sara Lee acquisition. Guidance for EPS is raised to $5.17-$5.22M, from a prior estimate of $5.12-$5.22. (PR) 1 Comment [Earnings, Consumer]
Friday, February 15, 7:14 AM More on J.M. Smucker's (SJM) FQ3: Sales growth was aided by a pickup in K-Cup products and a $59.7M boost from the acquired Sara Lee foodservice business. The company saw lower overall commodity costs during the period with reduced green coffee pricing offsetting higher peanut costs. Segment profit breakdown: U.S. Retail Coffee +27% to $175.2M; U.S. Retail Consumer Foods flat to $106.2M; International +28% to $49M. (PR) Comment! [Earnings, Consumer]
Friday, February 15, 7:05 AM J.M. Smucker (SJM): FQ3 EPS of $1.47 beats by $0.08. Revenue of $1.56B (+6% Y/Y) beats by $0.B. (PR) Comment! [Earnings, Breaking News, Consumer]
Friday, February 15, 12:05 AM Notable earnings before Friday’s open: AEP, BAM, BKW, CPB, DLR, ENB, IPGP, KRFT, MNTA, RCI, SFL, SJM, SNH, TRW, UPL, VFC, VTG, VTR Comment! [Earnings]
Thursday, February 14, 5:30 PM Notable earnings before Friday’s open: AEP, BAM, BKW, CPB, DLR, ENB, IPGP, KRFT, MNTA, RCI, SFL, SJM, SNH, TRW, UPL, VFC, VTG, VTR Comment! [Earnings]
Friday, January 25, 5:40 PM The J. M. Smucker (SJM) declares $0.52/share quarterly dividend, in line with previous. Forward yield 2.33%. For shareholders of record Feb. 15. Payable Mar. 01. Ex-div date Feb. 13. The board approved to repurchase additional 5M shares, in addition to 2M shares remaining under its 2012 authorization. (PR) Comment! [Dividends]
Friday, January 11, 8:38 AM Goldman Sachs takes a broad swipe at food companies, downgrading the sector due to fundamentals and valuations that have crept up: Rating actions: Campbell Soup (CPB) removed from Conviction Buy List; General Mills (GIS) downgraded to Sell from Neutral; J.M. Smucker (SJM) downgraded to Neutral from Buy. 1 Comment [Consumer]