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Last €105.74 EUR
Change Today +0.481 / 0.46%
Volume 40.0
JM2 On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 10:22 AM 03/27/15 All times are local (Market data is delayed by at least 15 minutes).

jm smucker co/the (JM2) Snapshot

Open
€104.59
Previous Close
€105.26
Day High
€105.74
Day Low
€104.25
52 Week High
03/16/15 - €105.88
52 Week Low
04/14/14 - €67.43
Market Cap
10.8B
Average Volume 10 Days
7.2
EPS TTM
--
Shares Outstanding
101.8M
EX-Date
02/11/15
P/E TM
--
Dividend
€2.47
Dividend Yield
1.88%
Current Stock Chart for JM SMUCKER CO/THE (JM2)

jm smucker co/the (JM2) Details

The J. M. Smucker Company manufactures and markets branded food products worldwide. The company operates through three segments: U.S. Retail Coffee; U.S. Retail Consumer Foods; and International, Foodservice, and Natural Foods. It offers coffee, peanut butter, fruit spreads, shortening and oils, baking mixes and ready-to-spread frostings, fruits, canned milk, flour and baking ingredients, fruit and vegetable juices and beverages, frozen sandwiches, ready-to-eat waffles, toppings, syrups, jelly products, pickles, condiments, and grain products. The company provides its products under Folgers, Dunkin’ Donuts, Cafe Bustelo, Millstone, Cafe Pilon, Smucker’s, Jif, Crisco, Pillsbury, Uncrustables, Martha White, Hungry Jack, Eagle Brand, Borden and Elsie design, Funfetti, Douwe Egberts, R. W. Knudsen Family, truRoots, Robin Hood, Bick’s, Santa Cruz Organic, Carnation, Dickinson’s, and Five Roses brand names. It sells its products through direct sales and brokers to food retailers, food wholesalers, drug stores, club stores, mass merchandisers, discount and dollar stores, and military commissaries; and through retail channels, and natural foods stores and distributors, as well as through foodservice distributors and operators, such as restaurants, lodging, schools and universities, and health care operators. The J. M. Smucker Company was founded in 1897 and is headquartered in Orrville, Ohio.

4,775 Employees
Last Reported Date: 06/23/14
Founded in 1897

jm smucker co/the (JM2) Top Compensated Officers

Chief Executive officer and Director
Total Annual Compensation: $969.0K
President, Chief Operating Officer and Direct...
Total Annual Compensation: $663.0K
Chief Financial officer and Senior Vice Presi...
Total Annual Compensation: $469.2K
President Of International, Foodservice and N...
Total Annual Compensation: $520.2K
Chief Administrative Officer and Senior Vice ...
Total Annual Compensation: $469.2K
Compensation as of Fiscal Year 2014.

jm smucker co/the (JM2) Key Developments

The J. M. Smucker Company Completes an Offering of $500.0 Million Aggregate Principal Amount of Its 1.75% Unsecured, Unsubordinated Notes Due 2018

On March 20, 2015, the J. M. Smucker Company completed an offering of $500.0 million aggregate principal amount of its 1.75% unsecured, unsubordinated notes due 2018, $500.0 million aggregate principal amount of its 2.50% unsecured, unsubordinated notes due 2020,$400.0 million aggregate principal amount of its 3.00% unsecured, unsubordinated notes due 2022, $1,000.0 million aggregate principal amount of its 3.50% unsecured, unsubordinated notes due 2025, and $650.0 million aggregate principal amount of its 4.25% unsecured, unsubordinated notes due 2035 and $600.0 million aggregate principal amount of its 4.375% unsecured, unsubordinated notes due 2045. The notes were offered only to qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended, and outside the United States to non-U.S. investors pursuant to Regulation S under the Securities Act. The notes have not been registered under the Securities Act or any state securities law and may not be offered or sold in the United States absent an effective registration statement or an applicable exemption from the registration requirements or a transaction not subject to the registration requirements of the Securities Act or any state securities laws.

J.M. Smucker Co Appoints Dave West as President of Big Heart Pet Food and Snacks

J.M. Smucker Co reported it has completed the acquisition of Big Heart Pet Brands in a cash and stock deal valued at about $6 billion, including the assumption of about $2.5 billion of net debt that was paid off by the company at closing. In connection with the closing of the deal, Dave West, who served as the president and CEO of Big Heart Pet Brands, has joined Smucker as an executive officer, assuming the role of president, Big Heart Pet Food and Snacks. West has also been appointed to the company's board of directors.

The J. M. Smucker Company Entered into Term Loan Credit Agreement

On March 2, 2015, The J. M. Smucker Company entered into that certain Term Loan Credit Agreement with the various lenders named therein, the Term Loan Guarantors, and Bank of America, N.A., as administrative agent for the lenders. J.M. Smucker LLC, and The Folgers Coffee Company, are each guarantors under the Term Loan Agreement. The Term Loan Agreement provides for a $1.75 billion term facility that may be borrowed substantially concurrently with the closing of the Acquisition and matures on the fifth anniversary of the Acquisition Closing Date. The Term Loan Agreement also provides that the company shall make quarterly amortization payments in an amount equal to 2.50% of the principal amount of the loans commencing on the last business day of the company's third full fiscal quarter ending after the Acquisition Closing Date. The proceeds of the borrowing under the Term Loan Agreement will be used to (i) finance the consummation of the acquisition of Blue Acquisition Group Inc. (the Acquisition), which was previously described in the Current Report on Form 8-K filed with the Securities and Exchange Commission on February 4, 2015, (ii) refinance certain existing indebtedness of the company and Blue Acquisition Group Inc. and its subsidiaries (the Acquired Business) and (iii) pay fees and expenses incurred in connection with the foregoing. The company's borrowings under the Term Loan Agreement will bear interest, at the company's option, at either a base rate or a Eurodollar rate, in each case plus an applicable margin. The base interest rate for borrowings is a rate equal to the greater of (i) the Term Loan Agent's prime rate, (ii) the federal funds rate plus 0.50% and (iii) the one-month Eurodollar rate plus 1.00%. Under the Term Loan Agreement, the applicable margins on base rate loans range from 0.00% to 0.75% and the applicable margins on Eurodollar loans range from 1.00% to 1.75%, in each case based on the Company's long-term unsecured debt rating. Under the terms of the Term Loan Agreement, the company must maintain a ratio of total debt to EBITDA (the total leverage ratio) of less than 4.75 to 1.00 between the first fiscal quarter after the closing date of the Acquisition (the Acquisition Closing Date) and April 29, 2016; a total leverage ratio of less than 4.25 to 1.00 between April 30, 2016 and April 29, 2017; a total leverage ratio of less than 3.75 to 1.00 between April 30, 2017 and April 29, 2018; and a total leverage ratio of less than 3.50 to 1.00 between April 30, 2018 and the Term Loan Maturity Date. In addition, at all times after the first fiscal quarter after the Acquisition Closing Date, the company must maintain a ratio of EBITDA to cash interest expense (the interest coverage ratio) of at least 3.50 to 1.00.

 

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Industry Analysis

JM2

Industry Average

Valuation JM2 Industry Range
Price/Earnings 21.3x
Price/Sales 2.1x
Price/Book 2.3x
Price/Cash Flow 18.1x
TEV/Sales 1.7x
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