106.39 0.00 (0.00%)
After hours: 6:04PM EST
|Bid||105.91 x 800|
|Ask||106.46 x 1000|
|Day's Range||104.73 - 107.18|
|52 Week Range||99.54 - 128.43|
|Beta (5Y Monthly)||0.40|
|PE Ratio (TTM)||21.70|
|Forward Dividend & Yield||3.52 (3.35%)|
|Ex-Dividend Date||Nov 12, 2019|
|1y Target Est||N/A|
How far off is The J. M. Smucker Company (NYSE:SJM) from its intrinsic value? Using the most recent financial data...
The coffee industry is a complex and multilayered one, including everything from producers and distributors to processors, wholesalers, and retailers, including Starbucks Corp. (SBUX), JM Smucker Co. (SJM) and Restaurant Brands International Inc.
Out of thousands of stocks that are currently traded on the market, it is difficult to identify those that will really generate strong returns. Hedge funds and institutional investors spend millions of dollars on analysts with MBAs and PhDs, who are industry experts and well connected to other industry and media insiders on top of that. Individual investors can piggyback […]
Smucker's (SJM) top line has been witnessing lower net price realization for the last few quarters. Also, the divestiture of the U.S. baking business has been denting growth.
Deutsche Bank sees opportunity for food companies in 2020. The firm announced Dec. 11 that it would be resuming coverage across 13 large-cap food companies.
U.S. stocks might be back on track. After choppy trading since Thanksgiving, two of the three major broad market indices reached new all-time closing highs on Thursday. The Dow Jones Industrial Average sits just a tenth of a percentage point shy.Source: Shutterstock The catalyst was an apparent, if uncertain, truce in the U.S.-China trade war. And if that roadblock is cleared, there may be more upside ahead for equities. The Federal Reserve seems to have a constructive posture. The U.S. economy has slowed, but unemployment remains at record lows and consumer confidence is intact. It looks like smooth sailing heading into 2020.Friday's three big stock charts, however, focus on stocks for which the outlook is a bit more complicated. All three stocks trade at key levels, either hoping for support to hold or for resistance to give. Those hopes could be boosted if the market-wide rally continues as expected.InvestorPlace - Stock Market News, Stock Advice & Trading Tips J.M. Smucker (SJM)Source: Provided by Finviz The first of Friday's big stock charts, J.M. Smucker (NYSE:SJM), isn't difficult to decipher. The key question is whether support will hold: * Click to Enlarge Source: Provided by Finviz Technically, there's reason to argue that it will. $102 has held repeatedly, and looking to the weekly chart, similar levels served as resistance earlier this year. SJM consolidated at that point and began its rally to May highs. * Fundamentally, the case is intriguing as well. I made the case for SJM stock last year, and while that case hasn't played out, the broad outline still holds. Smucker's pivot into pet food and coffee mimics a similar and well-received effort at General Mills (NYSE:GIS). Other names in the sector have rallied, with stocks like Procter & Gamble (NYSE:PG) and McCormick (NYSE:MKC,NYSE:MKC.V) breaking out. Yet SJM stock trades at less than 13x forward earnings. * That said, those stocks are driving solid earnings growth. J.M. Smucker isn't. FY21 consensus earnings per share estimates are modestly below fiscal 2019 levels. Full-year guidance for FY20 was cut after the fiscal second quarter report last month. There are reasons why investor patience appears to have run out. * From a near-term standpoint, it might be other companies that determine whether support holds. Both General Mills and Conagra Brands (NYSE:CAG) release earnings next week. Strong reports from those peers could drive optimism toward the sector and lead investors to take a longer look at one of the group's laggards. Weakness, however, could resurrect industry worries -- and lead SJM to bust through support. Ralph Lauren (RL)Source: Provided by Finviz For Ralph Lauren (NYSE:RL), the second of Friday's big stock charts, the situation is reversed. RL stock is trying to bust through resistance, and here too there's reason for optimism: * Thursday's 3.7% gain puts RL in position for a breakout. An uptrend has held since August lows, and on decent volume. With the Relative Strength Index at 65, shy of overbought territory at 70, there's probably still some potential momentum behind the stock. If RL can break through resistance, there should be a path toward $122 and then early-year highs at $130. * The rise in Ralph Lauren stock on Thursday, meanwhile, makes some sense. RL stock spiked 15% after fiscal second quarter earnings in early November handily beat Wall Street estimates. The key catalyst was strength on the Chinese mainland, where revenue increased 22% on a constant-currency basis. Good news on the trade front should help Ralph Lauren -- yet Ralph Lauren stock trades roughly where it did after the post-earnings spike. * There are risks here on both fronts, however. Resistance has been firm going back to May. Apparel has been a brutally difficult sector. Revenue is guided to rise roughly 2% in constant currency this year; while performance on the Chinese mainland has been strong, protests in Hong Kong have hit sales in that market. At less than 14x forward earnings, RL stock is cheap, but for years now 'cheap' hasn't been enough for apparel stocks, and there's the chance that will be true for Ralph Lauren stock at these levels. UDR, Inc. (UDR)Source: Provided by Finviz Apartment operator UDR, Inc. (NYSE:UDR) already has breached support. The third of our big stock charts suggests the declines could continue, though there are some fundamental reasons for optimism: * The fall through support is concerning from a near-term perspective. $47 is an obviously key level that held steadily as resistance this summer, and when UDR finally broke through it posted a nice breakout by REIT (real estate investment trust) standards. But the stock clearly has reversed, falling through not just $47 but all three moving averages. * Thursday's trade news doesn't appear to be much help, either. Treasury yields moved higher on the news, limiting the relative attractiveness of UDR's current 2.95% dividend yield. The sell-off continued the weakness in UDR, which has occurred along with declines in other REITs. Widely held names like Realty Income (NYSE:O), Public Storage (NYSE:PSA), and Essex Property Trust (NYSE:ESS) too have pulled back. It does seem like at some point the declines will cease, though UDR's chart suggests the reversal might not be imminent. * That said, there are some reasons for optimism. Apartment demand is expected to rise over time. A 3% dividend yield may bring in buyers. The current descending narrowing wedge often portends a bullish reversal, and if UDR can claw back into the range it might yet see a bounce. Right now, however, UDR is looking for buyers.As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The 10 Worst Dividend Stocks of the Decade * 7 Game-Changing Tech Stocks to Buy Now * 5 Chinese Stocks to Buy for the Big 2020 Rebound The post 3 Big Stock Charts for Friday: J.M. Smucker, Ralph Lauren, and UDR appeared first on InvestorPlace.
Today we'll take a closer look at The J. M. Smucker Company (NYSE:SJM) from a dividend investor's perspective. Owning...
Smucker (SJM) grapples with sluggish sales due to sale of its U.S. baking unit, lower net price realization and adverse currency fluctuations.
The financial regulations require hedge funds and wealthy investors that exceeded the $100 million equity holdings threshold to file a report that shows their positions at the end of every quarter. Even though it isn't the intention, these filings to a certain extent level the playing field for ordinary investors. The latest round of 13F […]
Despite the phenomenal performance of food companies, Smucker continues to underperform with weak results, increasing price pressure and no near-term catalyst Continue reading...
On Wednesday, investors were introduced to some volatility as trade-war worries escalated. However, those fears didn't follow through much on Thursday or Friday, as the indices were relatively calm. Here's a look at a few top stock trades to get ready for next week. Top Stock Trades for Tomorrow No. 1: Gap (GPS)Source: Chart courtesy of StockCharts.comAfter earnings yesterday, Gap (NYSE:GPS) started today's trading by dropping, but the stock rebounded and moved higher on Friday.By rebounding in the manner that it did, GPS stock cemented a level of support worth keeping an eye on. That comes into play at $16. That was roughly the low from Thursday, too, and a look at the daily chart reveals the significance of this mark over the past few months.InvestorPlace - Stock Market News, Stock Advice & Trading TipsBulls who are long GPS need to see shares hold up over this mark. Below can usher in more selling, potentially down to the 52-week low. * 7 Companies Using Artificial Intelligence to Outperform the Market On the upside, the 50-day and 100-day moving averages are current resistance. Above those marks and a run to $19 is possible. Top Stock Trades for Tomorrow No. 2: Tesla (TSLA)Source: Chart courtesy of StockCharts.comHow interesting has Tesla (NASDAQ:TSLA) been in 2019? On Thursday evening, the automaker introduced its new pickup, the Cybertruck. To say the reviews have been mixed so far would be putting it kindly.With less than an hour left in the session, shares were down more than 6%. Above is a weekly chart, which does not show the 20-day moving average. However, if it were shown above, you'd see TSLA stock knifing through this mark at $335.65.If bulls can reclaim this mark and stabilize the stock price, then perhaps a rebound can ensue. Over $360 puts $380 on the table. However, this stock went up $100 per share in just a few weeks -- an unwind should be expected to some degree.If we get a larger pullback, it's important to give TSLA stock time to settle down and see where support comes into play. Is that near former channel resistance (purple line)? How about around $310, a post-earnings consolidation zone?There are too many question marks with this chart, but one thing is clear: Tesla stock made a pivotal move on Friday, and that means it needs time to digest that move. Top Stock Trades for Tomorrow No. 3: Splunk (SPLK)Source: Chart courtesy of StockCharts.comSplunk (NASDAQ:SPLK) stock is exploding higher, up about 10% after better-than-expected earnings. However, shares are running into a tough area of resistance.This mark comes into play between $140 to $142.50. Over this mark and SPLK stock can break out. Should resistance hold steady, we need to see where SPLK stock firms up on a pullback.Below Friday's low and a move down to $128 is possible. Let's see if we can get a shallow pullback and/or a sideways consolidation before pushing through resistance. Top Stock Trades for Tomorrow No. 4: J.M. Smucker (SJM)Source: Chart courtesy of StockCharts.comIn September, J.M. Smucker (NYSE:SJM) broke out over downtrend resistance (blue line). However, that didn't kickstart a huge bullish breakout. Instead, shares continued to tread water until reporting earnings on Friday.The move initially sent shares up to $113, launching the stock over another downtrend resistance mark (purple line) and all of its major moving averages. Man, it looked like a powerful move was being made.However, SJM stock couldn't stick the landing, giving up a bulk of its gains on the day. Over the 200-day moving average and SJM is a "cleaner" long than it is down here. Below the 50-day moving average and $102 support is on deck.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Companies Using Artificial Intelligence to Outperform the Market * 7 Earnings Reports to Watch Next Week * 6 Retail Stocks Dropping Hard Ahead of Black Friday The post 4 Top Stock Trades for Monday: GPS, TSLA, SPLK, SJM appeared first on InvestorPlace.
Smucker (SJM) delivered earnings and revenue surprises of 6.10% and -1.47%, respectively, for the quarter ended October 2019. Do the numbers hold clues to what lies ahead for the stock?
J.M. Smucker Co on Friday signaled that improving demand in its coffee and snack segments would counter weakness in its premium dog food business, helping investors look past the Jif peanut butter maker's lowered full-year forecast. The company's shares reversed course from premarket losses to trade up 5%, as company executives also said the decline in its dog food business in the second quarter was isolated. The company has added brands such as Milk Bone and celebrity chef Rachel Ray's Nutrish through the acquisition of Big Heart Pet Brands and Ainsworth Pet Nutrition to bolster sales.
The J.M. Smucker Co. shares slid 2% in premarket trade Friday , after the distributor of Folgers and Cafe Bustelo brands missed sales estimates for its fiscal second quarter and lowered its full-year guidance. Orrville, Ohio-based Smucker said it had net income of $211.2 million, or $1.85 a share, in the quarter to Oct. 31, up from $188.5 million, or $1.66 a share, in the year-earlier period. Adjusted per-share earnings came to $2.26, ahead of the $1.97 FactSet consensus. Sales fell to $1.96 billion from $2.02 billion, below the $1.97 billion FactSet consensus. The sales decline was partly due to the sale of the company's U.S. baking business on Aug. 31. Chief Executive Mark Smucker acknowledged that the company's sales performance was below its expectations, but said cat food and pet snacks performed well, along with coffee brands. The company lowered its full-year guidance and said it now expects sales to fall 3%, compared with prior guidance of a decline of 1% to flat. It expects adjusted EPS to range from $8.10 to $8.30, down from prior guidance of $8.35 to $8.55. Shares have gained 11% in 2019, while the S&P 500 has gained 24%.
JM Smucker (NYSE: SJM ) announces its next round of earnings this Friday, November 22. Here is Benzinga's everything-that-matters guide for the Q2 earnings announcement. Earnings and Revenue Wall Street ...
Hormel Foods' (HRL) fourth0quarter fiscal 2019 results are expected to reflect challenges in the Turkey segment and input cost inflation. The Refrigerated Foods segment has likely witnessed growth.
Retailers dominate this week’s earnings reports. Plus, housing-market data and Federal Open Market Committee meeting minutes.
Smucker (SJM) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.