Last $114.12 USD
Change Today -0.84 / -0.73%
Volume 673.7K
SJM On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 8:04 PM 03/3/15 All times are local (Market data is delayed by at least 15 minutes).

jm smucker co/the (SJM) Snapshot

Open
$114.92
Previous Close
$114.96
Day High
$114.95
Day Low
$113.02
52 Week High
02/27/15 - $115.84
52 Week Low
04/11/14 - $94.12
Market Cap
11.6B
Average Volume 10 Days
796.1K
EPS TTM
$5.66
Shares Outstanding
101.8M
EX-Date
02/11/15
P/E TM
20.1x
Dividend
$2.56
Dividend Yield
2.19%
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. 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 (SJM) 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 (SJM) Key Developments

Dunkin' Brands Group, Inc., The J.M. Smucker Company and Keurig Green Mountain, Inc. Expand Partnership

Dunkin' Brands Group, Inc., The J.M. Smucker Company and Keurig Green Mountain, Inc. expanded their partnership by signing agreements for the manufacturing, marketing, distribution and sale of Dunkin' K-Cup packs at retailers nationwide in the U.S. and Canada, and online. Dunkin' K-Cup packs are presently available in Dunkin' Donuts restaurants in the U.S. Keurig is the exclusive producer of Dunkin' K-Cup packs and will remain so with the expansion of the partnership. The J.M. Smucker Company currently manufactures and distributes Dunkin' Donuts brand premium bagged coffee where groceries are sold under license from Dunkin' Donuts. Under the new, multi-year agreement, Smucker will distribute and market Dunkin' K-Cup packs exclusively to grocery chains, mass merchandisers, club stores, drug stores, dollar stores and home improvement stores. Keurig will distribute and market Dunkin' K-Cup packs to specialty stores and office superstores. Dunkin' K-Cup packs will continue to be available in Dunkin' Donuts restaurants in the U.S. The expanded retail program launches in the middle of 2015 with five varieties of Dunkin' Donuts' signature coffee initially available in K-Cup packs, including Original Blend, Dunkin' Decaf, French Vanilla, Hazelnut and Dunkin' Donuts Bakery Series Chocolate Glazed Donut flavor.

The J. M. Smucker Company and Smucker Foods of Canada Corp. Enter into Amendment No. 1 to the Third Amended and Restated Credit Agreement

On February 23, 2015, The J. M. Smucker Company entered into Amendment No. 1 to the Third Amended and Restated Credit Agreement dated as of September 6, 2013, among the company and Smucker Foods of Canada Corp., as borrowers, the lenders and guarantors party thereto, and Bank of Montreal, as administrative agent. Among other matters, the Amendment increases the maximum total leverage ratio permitted under the total leverage ratio covenant upon the closing of the Company's previously announced pending acquisition (the Pending Acquisition) of Blue Acquisition Group Inc., the parent of Big Heart Pet Brands, to (i) 4.75 to 1.00 for all periods ending on or prior to April 29, 2016, (ii) 4.25 to 1.00 for all periods ending between April 30, 2016 and April 29, 2017, (iii) 3.75 to 1.00 for all periods ending between April 30, 2017 and April 29, 2018, and (iv) 3.50 to 1.00 for all periods ending on or after April 30, 2018. The Amendment also modifies various other covenants to permit the Pending Acquisition. Several of the lenders under the Credit Agreement and their affiliates have various relationships with the Company and its subsidiaries involving the provision of financial services, including investment banking, commercial banking, advisory, cash management, custody and trust services, for which they receive customary fees and may do so in the future.

The J. M. Smucker Company Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended January 31, 2015; Provides Earnings Guidance for the Fourth Quarter of Fiscal 2015

The J. M. Smucker Company reported unaudited consolidated earnings results for the third quarter and nine months ended January 31, 2015. For the quarter, the company's net sales were $1,440.0 million compared to $1,465.5 million a year ago. Third quarter net sales decreased 2% in 2015, compared to 2014, reflecting decreased volume, most significantly in the U.S. Retail Coffee segment. Net sales adjusted for certain non comparable items was $1,436.8 million compared to $1,465.5 million a year ago. Operating income was $255.1 million compared to $263.5 million a year ago. Income before income taxes was $238.4 million compared to $246.5 million a year ago. Net income was $160.9 million compared to $166.7 million a year ago. Net income per common share - assuming dilution was $1.58 compared to $1.59 a year ago. Net cash provided by operating activities was $427.7 million compared to $421.1 million a year ago. Additions to property, plant, and equipment was $48.4 million compared to $65.5 million a year ago. Operating income excluding certain items affecting comparability was $248.0 million compared to $269.5 million a year ago. Income before income taxes excluding certain items affecting comparability was $231.3 million compared to $252.5 million a year ago. Income excluding certain items affecting comparability was $156.3 million compared to $170.8 million a year ago. Income per common share excluding certain items affecting comparability - assuming dilution was $1.54 compared to $1.63 a year ago. Earnings before interest, taxes, depreciation, and amortization was $318.3 million compared to $329.9 million a year ago. For the nine months, the company's net sales were $4,245.6 million compared to $4,376.3 million a year ago. Net sales adjusted for certain non comparable items was $4,221.1 million compared to $4,376.3 million a year ago. Operating income was $701.5 million compared to $727.6 million a year ago. Income before income taxes was $652.8 million compared to $666.0 million a year ago. Net income was $435.2 million compared to $446.7 million a year ago. Net income per common share - assuming dilution was $4.28 compared to $4.24 a year ago. Net cash provided by operating activities was $511.6 million compared to $589.1 million a year ago. Additions to property, plant, and equipment was $162.1 million compared to $148.9 million a year ago. Operating income excluding certain items affecting comparability was $720.3 million compared to $747.0 million a year ago. Income before income taxes excluding certain items affecting comparability was $671.6 million compared to $685.4 million a year ago. Income excluding certain items affecting comparability was $447.8 million compared to $459.7 million a year ago. Income per common share excluding certain items affecting comparability - assuming dilution was $4.40 compared to $4.37 a year ago. Earnings before interest, taxes, depreciation, and amortization was $892.6 million compared to $920.0 million a year ago. The company stated that due to its pending acquisition of Big Heart Pet Brands, which is expected to close in the fourth quarter of the current fiscal year, it is not providing a formal update to its full year earnings per share and free cash flow guidance. During the fourth quarter, the company anticipates a modest decrease in net sales compared to the same period last year before any impact of Big Heart Pet Brands. This outlook reflects a softer volume expectation in its U.S. Retail Coffee segment than previously anticipated. Net sales expectations for the Company's two other segments have not changed significantly from the outlook provided in November 2014. Based on these fourth quarter estimates, the Company expects to realize a decrease in full fiscal year net sales of nearly 3% as compared to the prior year. Excluding any impact from the Big Heart Pet Brands acquisition, the Company stated that fourth quarter earnings per diluted share are expected to result in full year earnings per share below the midpoint of its previous guidance range of $5.45 to $5.65 by approximately 3%. With the impact of anticipated lower coffee volume, the Company now expects full year U.S. Retail Coffee segment profit to decrease by approximately 15%, as compared to the prior year. In addition, the impact of the further weakening of the Canadian dollar in the back half of the fiscal year, and deal and employee-related expenses incurred in the third quarter were not reflected in the previous guidance range.

 

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SJM

Industry Average

Valuation SJM Industry Range
Price/Earnings 21.1x
Price/Sales 2.1x
Price/Book 2.2x
Price/Cash Flow 17.9x
TEV/Sales 1.7x
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