SJM - The J. M. Smucker Company
107.81 0.00 (0.00%)
After hours: 5:13PM EDT
| Previous Close | 107.64 |
| Open | 108.01 |
| Bid | 107.91 x 800 |
| Ask | 107.82 x 800 |
| Day's Range | 107.06 - 108.36 |
| 52 Week Range | 91.32 - 128.43 |
| Volume | 585,590 |
| Avg. Volume | 949,082 |
| Market Cap | 12.161B |
| Beta (3Y Monthly) | 0.55 |
| PE Ratio (TTM) | 22.89 |
| EPS (TTM) | 4.71 |
| Earnings Date | Nov 22, 2019 |
| Forward Dividend & Yield | 3.52 (3.27%) |
| Ex-Dividend Date | 2019-08-15 |
| 1y Target Est | 108.77 |
- Yahoo Finance Video
Smucker sinks on weak prices for coffee and peanut butter
Smucker shares sinking after reporting earnings that missed estimates on the top and bottom lines. The company, which makes Folgers coffee and jif peanut butter, also lowered its forecast for the rest of the year. Yahoo Finance's Dan Howley joins Akiko Fujita.
- Market Realist
General Mills: Q1 Sales Disappoint, Earnings Beat
General Mills announced mixed fiscal 2020 first-quarter results today. The company’s revenue disappointed and fell short of Wall Street estimates.
- Bloomberg
From Farm to Cup, Big Coffee Turns to Tech to Lure Consumers
(Bloomberg) -- Sustainability-minded millennials increasingly want to know where their cup of Americano or Espresso Macchiato comes from, and some of the world’s top coffee companies are turning to technology for help.Roasters including J.M. Smucker Co. and Jacob Douwe Egberts are joining a blockchain initiative by Farmer Connect, a startup backed by Swiss coffee trader Sucafina and developed in partnership with International Business Machines Corp. The technology will help firms trace the origin of the beans they buy and sell as well as their pricing along the supply chain.The digital ledger system, which usually tracks transactions, will also be used to feed customers detailed information about where the coffee was farmed, milled, exported, imported and roasted through a consumer-facing application called Thank My Farmer. Clientele will also be able to directly support sustainability projects, and from next year, make direct payments to farmers.“Our participation in the Farmer Connect blockchain initiative demonstrates our commitment to providing consumers with the transparency they crave while also creating new ways to support smallholder coffee farmers,” said Joe Stanziano, senior vice president and general manager for Smucker, owner of coffee brands including Folgers, Cafe Bustelo and 1850.The platform, now available to members, will open up for the rest of the market next year, said Dave Behrends, founder and president of Farmer Connect and a partner at Sucafina. The startup plans to raise as much as $20 million at the end of this year or early 2020, making it an industry-wide initiative, he said.Price TransparencyFarmer Connect doesn’t own the data companies input, so when it comes to price -- a sensitive topic for many firms -- it will be the users’ decision to give others permission to see the value of their purchases and sales. Behrends expects roughly 90% of the users to disclose where the coffee comes from, but only about 10% to embrace price transparency at the start.“I would expect that as we evolve as a supply chain and consumers demand more visibility, the pressure will increase for us to be able to prove that we are paying a fair price to farmers,” he said. “That will be something that will become more of the norm.”Coffee traders have struggled with thin margins and increasingly long payment terms by an ever consolidating roasting industry, meaning some traders may chose not to open up their pricing information. While some roasters require proof traders have paid farmers a fair price, the groups that do so successfully are the ones that allow for margins in the supply chain, Behrends said.“I think traders are fine sharing data that ensures farmers have been paid a fair price,” he said, adding that some influential roasters could use the data to pressure their margins.While tapping blockchain will help cut transaction costs, sharing the data with financing banks could also help companies to achieve lower rates, Behrands said. And farmers gain too. Growers will get their own app to receive direct payments, input sales and prices as well as data about themselves. The app, set to be ready in the first quarter next year, will also let farmers verify if the price companies input is correct.“That’s great for two reasons: now we have verified data of how much is going to farmers, it’s not just a trader claiming that they paid the farmer a fair price,” Behrends said. “And for the farmer confirming that, they are building credit history because they are building a digital track-record of production and income and for a lot of the farmers in Africa, that history makes them bankable and open for micro-credit loans for the first time ever.”Farmer Connect -- also supported by the Colombian Coffee Growers Federation, Japanese trader Itochu Corp., importer RGC Coffee as well as Sucafina and the trader’s private label roaster Beyers Koffie -- is open to later expanding to other commodities such as cocoa and tea.“We believe that Farmer Connect will be the platform of choice for the coffee industry,” said Rajendra Rao, general manager for IBM Food Trust. “We know that both farmers and coffee lovers everywhere will benefit from transparent connectivity.”(Updates with IBM quote in last paragraph.)To contact the reporter on this story: Isis Almeida in Chicago at ialmeida3@bloomberg.netTo contact the editors responsible for this story: Tina Davis at tinadavis@bloomberg.net, Pratish Narayanan, Nicholas LarkinFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- TheStreet.com
How Sweet It Is to Write Puts
Selling puts can be a glorious technique when performed correctly, delivering immediate income along with a margin of safety vs. an outright purchase of the same underlying stock. Writing puts means committing to the possibility of having to buy some multiple of 100-shares of a designated stock at a predetermined price, called the strike price. You'll either keep all the money you collected up front, without needing to buy the stock, or you'll be forced to buy at a net price equal to the strike minus the per-share put premium collected.
- Market Realist
Why General Mills’ Sales Could Stay Muted in Q1
General Mills is set to announce its first-quarter results on Wednesday. This year, General Mills stock has risen 38.6% and outperformed broader markets.
- Simply Wall St.
Who Has Been Buying The J. M. Smucker Company (NYSE:SJM) Shares?
We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. The...
- Zacks
Can Smucker's Buyouts & Saving Plans Aid Growth Amid Hurdles?
Smucker's (SJM) buyouts, alliances and cost-saving efforts bode well. However, lower net price realization and effects of the U.S. baking business divestiture are concerns.
- Zacks
Why Smucker (SJM) is a Top Dividend Stock for Your Portfolio
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Smucker (SJM) have what it takes? Let's find out.
- PR Newswire
Bodega-Born Café Bustelo® Coffee Makes National Advertising Debut in Vibrant New Campaign Created by Publicis Groupe
Bold Colors Blend with Modern and Traditional Latin Imagery and Music In First-Ever National Ad Campaign, A Celebration of Café Bustelo Brand's Iconic, Authentic Roots ORRVILLE, Ohio , Sept. 2, 2019 /PRNewswire/ ...
- Thomson Reuters StreetEvents
Edited Transcript of SJM earnings conference call or presentation 27-Aug-19 12:30pm GMT
Q1 2020 J M Smucker Co Earnings Call
- Motley Fool
J.M. Smucker Finds Itself in a Bit of a Jam
The organization's first quarter of its new fiscal year fell well below plan.
- Motley Fool
J.M. Smucker Is Getting Strangled By Lower Prices
Pricing pressures kept J.M Smucker shares depressed.
- Motley Fool
Why J.M. Smucker, Mallinckrodt, and Lancaster Colony Slumped Today
Find out how earnings affected some of these stocks.
- Reuters
US STOCKS-Wall Street slips as financials drag, trade outlook clouds
Wall Street slipped on Tuesday, weighed down by financial stocks as a deepening of the Treasury yield curve inversion raised U.S. recession worries and uncertainty over any progress in trade negotiations between the United States and China took a toll. U.S. stocks initially advanced, building on Monday's bounce, as President Donald Trump forecast another round of talks with Beijing. China's foreign ministry, however, reiterated on Tuesday that it had not received any recent U.S. telephone call on trade.
- GuruFocus.com
JM Smucker Posts Disappointing 1st-Quarter Results
Company misses earnings, revenue expectations Continue reading...
- Reuters
US STOCKS-Wall Street dips as financials weigh, trade hopes dim
Wall Street slipped on Tuesday, weighed down by financial stocks as a deepened yield curve raised U.S. recession worries, while uncertainty reigned on the progress of trade negotiations between the U.S. and China. U.S, stocks initially opened higher, building on Monday's advance, as U.S. President Donald Trump predicted another round of talks with Beijing.
- GuruFocus.com
JM Smucker Co. Tumbles on 1st-Quarter Earnings Miss
The packaged branded food and beverage marketer also posts less revenue than consensus estimates Continue reading...
- Reuters
US STOCKS-Wall Street slips as financials fall, trade hopes flicker
Wall Street slipped on Tuesday hurt by a fall in financial stocks, while revived worries about a U.S. recession overshadowed early optimism of a resolution to the prolonged trade dispute between the world's two largest economies. Investor sentiment soured after the inversion in the U.S. Treasury yield curve deepened further and the benchmark 10-year yields slipped, underscoring safe-haven demand and worries about a softening global economy. "The fact of the matter is that the last time the yield curve inverted was in 2007 and we went into a recession in December of the same year," said Michael Geraghty, equity strategist at Cornerstone Capital Group in New York.
- TheStreet.com
J.M. Smucker Earnings' Key Takeaways
"Our first-quarter performance fell short of our expectations primarily due to the timing of shipments and deflationary pricing in the coffee and peanut butter categories, as well as competitive activity ...
- Market Realist
SJM Missed Q1 Estimates by Wide Margin, Lowered Guidance
J.M. Smucker (SJM) posted weaker-than-expected fiscal first-quarter results. The company’s first-quarter sales and margin missed analysts' estimate.
- Motley Fool
Why J.M. Smucker Stock Dropped Today
The jelly, coffee, and pet food leader delivered a stale quarter and lowered its full-year guidance.
- TheStreet.com
[video]How to Trade J.M. Smucker After Earnings Tumble
With stocks going from positive territory in the morning to negative territory in the afternoon, J.M. Smucker picked a bad day to report disappointing earnings results. The decline sends J.M. Smucker headed for multi-year support near $100. The question now is whether it will hold, in light of the company's quarter and amid a volatile period in the stock market.
- Reuters
US STOCKS-Trade optimism pushes Wall Street higher
Wall Street's main indexes rose for the second straight session on Tuesday, supported by broad-based gains as investors pinned their hopes on a resolution to the protracted U.S.-China trade dispute despite mixed signals from both sides. U.S. stocks closed up more than 1% on Monday after U.S. President Donald Trump sought to ease tensions by predicting another round of talks with Beijing. China's foreign ministry, however, reiterated on Tuesday that it had not received any recent telephone call from the United States on trade.
- Zacks
Smucker's (SJM) Stock Down on Q1 Earnings Miss & View Cut
J.M. Smucker's (SJM) first-quarter results are hurt by unfavorable shipment timings, competition in the premium dog food business, and lower pricing in coffee and peanut butter businesses.
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