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Last $108.75 USD
Change Today -0.46 / -0.42%
Volume 857.8K
SJM On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 07/2/15 All times are local (Market data is delayed by at least 15 minutes).

jm smucker co/the (SJM) Snapshot

Open
$109.52
Previous Close
$109.21
Day High
$109.84
Day Low
$108.49
52 Week High
05/22/15 - $120.65
52 Week Low
10/15/14 - $95.60
Market Cap
13.0B
Average Volume 10 Days
968.4K
EPS TTM
$5.28
Shares Outstanding
119.7M
EX-Date
05/13/15
P/E TM
20.6x
Dividend
$2.56
Dividend Yield
2.35%
Current Stock Chart for JM SMUCKER CO/THE (SJM)

jm smucker co/the (SJM) Details

The J. M. Smucker Company manufactures and markets branded food products worldwide. It operates through four segments: U.S. Retail Coffee; U.S. Retail Consumer Foods; U.S. Retail Pet Foods; and International, Foodservice, and Natural Foods. The company provides various consumer food and beverage products, including coffee, peanut butter, fruit spreads, shortening and oils, baking mixes and ready-to-spread frostings, canned milk, flour and baking ingredients, juices and beverages, frozen sandwiches, toppings, syrups, pickles, condiments, grain products, and nut mix products; and pet products comprising dry and wet dog food, dry and wet cat food, dog snacks, and cat snacks. It markets its products under the Folgers, Dunkin’ Donuts, Smucker’s, Jif, Crisco, Pillsbury, Uncrustables, Douwe Egberts, Folgers Gourmet Selections, Millstone, Cafe Bustelo, Cafe Pilon, K-Cup, Adam’s, Laura Scudder’s, Hungry Jack, Eagle Brand, Magnolia, Robin Hood, Five Roses, Santa Cruz Organic, R. W. Knudsen Family, truRoots, Meow Mix, Milk-Bone, Kibbles ‘n Bits, Natural Balance, 9Lives, Pup-Peroni, Gravy Train, and Nature’s Recipe brand names. The company sells its products through direct sales and brokers to food retailers, food wholesalers, drug stores, club stores, mass merchandisers, discount and dollar stores, military commissaries, and pet specialty stores; and through retail channels, foodservice distributors and operators, and natural foods stores and distributors. The J. M. Smucker Company was founded in 1897 and is headquartered in Orrville, Ohio.

7,370 Employees
Last Reported Date: 06/25/15
Founded in 1897

jm smucker co/the (SJM) Top Compensated Officers

Chief Executive officer and Director
Total Annual Compensation: $999.6K
Chairman
Total Annual Compensation: $627.3K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $484.5K
President of Coffee and Food Service
Total Annual Compensation: $536.5K
Chief Administrative Officer and President of...
Total Annual Compensation: $469.2K
Compensation as of Fiscal Year 2015.

jm smucker co/the (SJM) Key Developments

The J. M. Smucker Company Presents at Deutsche Bank db Access Global Consumer Conference 2015, Jun-10-2015 04:00 PM

The J. M. Smucker Company Presents at Deutsche Bank db Access Global Consumer Conference 2015, Jun-10-2015 04:00 PM. Venue: Paris, France.

Dunkin' Brands Group, Inc., the J. M. Smucker Company and Keurig Green Mountain, Inc. Launch Dunkin' K-Cup Pods

Dunkin' Brands Group, Inc., The J.M. Smucker Company and Keurig Green Mountain, Inc. have announced the availability of Dunkin' K-Cup pods throughout the US and Canada. Smucker will distribute and market Dunkin' K-Cup pods exclusively to grocery chains, mass merchandisers, club stores, drug stores, dollar stores and home improvement stores. Keurig will distribute and market Dunkin' K-Cup pods exclusively to specialty stores such as Bed Bath & Beyond, Kohl's and Macy's, as well as office supply retailers such as Staples and Office Depot beginning this summer. The Dunkin' K-Cup varieties available online and in grocery, mass merchandise, club, drug and other retailers nationwide include Original Blend, Decaf, Hazelnut, French Vanilla and Chocolate Glazed Donut. A coupon for $1.50 off the purchase of any two packages of Dunkin' K-Cup pods or packaged coffee at grocery stores and other retailers nationwide will be available in select Sunday newspapers on June 14, 2015.

The J. M. Smucker Company Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year and Standalone Earnings Results for the Full Year Ended April 30, 2015; Provides Earnings Guidance for the Fiscal Year 2016

The J. M. Smucker Company reported unaudited consolidated earnings results for the fourth quarter and full year and standalone earnings results for the full year ended April 30, 2015. For the quarter, the company reported net sales of $1,447.1 million against $1,234.3 million a year ago, due to the addition of Big Heart. Operating income was $70.5 million against $191.4 million a year ago, reflecting an unfavorable impact of a $33.5 million increase in other special project costs. Excluding certain items affecting comparability in both periods, operating income decreased $62.7 million, or 31%. Loss before income taxes was $129.8 million against income before income taxes of $183.7 million a year ago. Net loss was $90.3 million or $0.82 per basic and diluted share against net income of $118.5 million or $1.16 per basic and diluted share a year ago. Net cash provided by operating activities was $221.6 million against $266.9 million a year ago. Additions to property, plant, and equipment were $85.6 million against $130.6 million a year ago. Loss before interest, taxes, depreciation, and amortization was $21.3 million against earnings before interest, taxes, depreciation, and amortization of $265.5 million a year ago. Net sales declines compared to 2014, in the U.S. Retail Consumer Foods segment driven by lower net price realization and volume and in the U.S. Retail Coffee segment driven by volume; and Operating income excluding the impact of restructuring and merger and integration costs and unallocated derivative gains and losses was unfavorably impacted in the fourth quarter of 2015 by the results of the U.S. Retail Coffee segment and an increase in general and administrative expenses, compared to 2014. For the year, the company reported net sales of $5,692.7 million against $5,610.6 million a year ago. Operating income was $772.0 million against $919.0 million a year ago. Income before income taxes was $523.0 million against $849.7 million a year ago. Net income was $344.9 million or $3.33 per basic and diluted share against net income of $565.2 million or $5.42 per basic and diluted share a year ago. Net cash provided by operating activities was $733.2 million against $856.0 million a year ago. Additions to property, plant, and equipment were $247.7 million against $279.5 million a year ago. Earnings before interest, taxes, depreciation, and amortization was $871.3 million against $1,185.5 million a year ago. Free cash flow decreased $91.0 million during 2015, compared to 2014, reflecting the impact of the decrease in cash provided by operating activities partially offset by a decrease in capital expenditures during 2015. Approximately $230 million in CapEx was spent in 2015, excluding the pet food business. Factoring in CapEx of $248 million, free cash flow was $485 million for 2015. Pro forma EBITDA was approximately $1.5 billion for 2015. Full fiscal year, on a standalone basis and before purchase accounting adjustments, net sales fell slightly below its 2015 projection of $2.3 billion and adjusted EBITDA was approximately $420 million to $430 million. For fiscal year 2016, the company expects net sales to approximate $8.0 billion, an increase of 40% compared to 2015, reflecting a full year contribution from Big Heart of approximately $2.4 billion. Net sales are expected to increase approximately 3% on the remainder of the company's businesses. Income per diluted share excluding certain items affecting comparability is expected to range from $5.65 to $5.80 in 2016, and excludes special project costs of $0.59 per diluted share. Included in the 2016 guidance range is $25 million of synergies related to the Big Heart acquisition. The company remains on track to deliver annual synergies of $200 million by the end of 2018. As the amount of unallocated derivative gains and losses varies depending on market conditions and levels of derivative transactions with respect to a particular fiscal year, it is not determinable on a forward-looking basis and no guidance has been provided. Included in the company's income per diluted share guidance range is approximately $210.0 million or $1.15 per diluted share of intangible asset amortization which includes a preliminary estimate of amortization associated with the Big Heart intangible assets. Income per diluted share excluding certain items affecting comparability and amortization is expected to range from $6.80 to $6.95 in 2016, an increase of approximately 15% from the comparable measure in 2015. The company believes excluding the noncash impact of amortization from income per diluted share provides investors an additional metric to evaluate performance and the ability to generate cash necessary to achieve its deleveraging objectives. Profit contributions from the acquired Pet Food business, initial synergy savings and base business growth, particularly in the Coffee segment are expected to result in non-GAAP operating income in the range of $1.2 billion to $1.25 billion. The company projects free cash flow will approximate $850 million for 2016, using the midpoint of EPS guidance range. Additions to property, plant, and equipment is to be $200 million. Net cash provided by operating activities is to be $1,050 million.

 

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Industry Analysis

SJM

Industry Average

Valuation SJM Industry Range
Price/Earnings 32.7x
Price/Sales 2.1x
Price/Book 1.8x
Price/Cash Flow 28.6x
TEV/Sales 1.2x
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