Continue reading J.M. Smucker Hurdles Above $70

J.M. Smucker Hurdles Above $70 originally appeared on BloggingStocks on Tue, 08 Mar 2011 16:40:00 EST. Please see our terms for use of feeds.

The J.M. Smucker Company (SJM), a food concern in the same category as ConAgra Foods (CAG) and Kraft Foods (KFT), issued its fiscal third-quarter report on Thursday. The document wasn't too thrilling, but it shows that the business is holding its own in the competitive battlefield of the supermarket shelves.

Its adjusted profit of $1.27 per share came in ahead of the overall projection by one penny. Not bad, considering the article highlights the challenges of navigating a volatile environment in terms of ingredient costs.

Continue reading Smucker Reports Q3 Earnings: Is the Stock a Buy?

Smucker Reports Q3 Earnings: Is the Stock a Buy? originally appeared on BloggingStocks on Sat, 19 Feb 2011 11:40:00 EST. Please see our terms for use of feeds.

The J.M. Smucker Company (SJM) was down almost 1.4% to $62.15 at the close of the day. Volume was quite heavy. The market voted on the food entity's latest earnings report. Should investors listen to this opinion and immediately put in sell orders?

According to Theflyonthewall, the business, whose colleagues include ConAgra Foods, Inc. (CAG) and Kraft Foods Inc. (KFT), made an adjusted $1.38 per share during its fiscal second quarter. That was six solid pennies ahead of the overall projection. Not only was that beat cool to see, but income guidance for fiscal year 2011 saw an improvement.

Continue reading Smucker Falls: Should Investors Worry?

Smucker Falls: Should Investors Worry? originally appeared on BloggingStocks on Thu, 18 Nov 2010 18:00:00 EST. Please see our terms for use of feeds.

I'm going to take a brief look at two stocks that traded on Friday based on earnings reports. Both can be found in the foodstuffs industry. And both beat Wall Street's projections. But which one do I prefer?

Hormel Foods (HRL), the company behind the Spam and Dinty Moore brands, made 63 cents per share in the fiscal third quarter, which, according to Reuters, was three pennies ahead of the estimate. But the good news doesn't stop there: guidance for the full fiscal year was increased.

Continue reading Two Quarterly Reports: Hormel and Smucker

Two Quarterly Reports: Hormel and Smucker originally appeared on BloggingStocks on Sat, 21 Aug 2010 09:40:00 EST. Please see our terms for use of feeds.

The J.M. Smucker Company (SJM), whose related companies include ConAgra Foods, Inc. (CAG) and Kraft Company Inc. (KFT), is rallying this afternoon following an earnings report. With a little more than three hours to go before the closing bell, shares of the business famous for its jelly products were up over 6% to $61.39. Volume should do well.

The 52-week high on the stock is $63.50, so this is one of those stocks that needs to be examined in light of the recent bearish tone of the markets. Although the chart isn't the best out there, I tend to view the relative stability of the equity as a positive element.

Continue reading Smucker Rises on Q4 News

Smucker Rises on Q4 News originally appeared on BloggingStocks on Thu, 17 Jun 2010 17:00:00 EST. Please see our terms for use of feeds.

J.M. Smucker (SJM) closed at $53.48. SJM report Q2 EPS of $1.22 and revenue of $1.2 billion. December option implied volatility of 27 is near its 26-week average according to Track Data, suggesting non-directional movement after EPS.

ISE Sentiment Index-ISEE closed at 130 on 11/19/09. ISEE 10-day moving average is 136.

Two stocks with IV rise on November 19; E-Trade (ETFC) +31%, Monster Worldwide (MWW) +11%, according to IVolatility.

Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com.

Options Update: J.M. Smucker December volatility flat into Q2 results originally appeared on BloggingStocks on Fri, 20 Nov 2009 09:00:00 EST. Please see our terms for use of feeds.

Continue reading J.M. Smucker spreads around its profits

J.M. Smucker spreads around its profits originally appeared on BloggingStocks on Fri, 29 May 2009 17:20:00 EST. Please see our terms for use of feeds.

This post is part of a seven article report -- Food for thought: Best bets in food & beverage stocks.

"The J.M. Smucker Company (NYSE: SJM) is 'one sweet stock'," says growth stock expert Jonas Elmerraji. Here, the editor of The Rhino Stock Report looks at the consumer foods firm.

"The peanut butter and jelly sandwich has been a staple of our diets here in the U.S. for a long time now. In fact, one survey estimated that the average American eats 1,500 PB&J sandwiches before graduating high school.

Continue reading J.M. Smucker (SJM): Peanut butter profits

J.M. Smucker (SJM): Peanut butter profits originally appeared on BloggingStocks on Sun, 26 Apr 2009 14:00:00 EST. Please see our terms for use of feeds.

Continue reading J.M. Smucker beats in Q3, but there are concerns about guidance

J.M. Smucker beats in Q3, but there are concerns about guidance originally appeared on BloggingStocks on Thu, 26 Feb 2009 16:15:00 EST. Please see our terms for use of feeds.

As we all know, the market is a fickle mistress -- and I will be the first to admit, she has humiliated me with her indiscretion on many occasions. However, I'm happy to report that my pick of The J.M. Smucker Company (NYSE: SJM) as a "Cheap Stock" for 2009 has not completely blown up in my face (yet).

The peanut butter-based security jumped back on my radar today when I noticed that brokerage firm Janney Montgomery Scott started coverage of SJM with a Buy rating. Not too many analysts are currently following the shares; according to Zacks, the jam giant has garnered just two Strong Buys and one Hold. Any additional bullish initiations could help the stock extend its recent uptrend.

Continue reading Is J.M. Smucker worthy of its new Buy rating?

Is J.M. Smucker worthy of its new Buy rating? originally appeared on BloggingStocks on Tue, 27 Jan 2009 15:30:00 EST. Please see our terms for use of feeds.

Well-known maker of peanut-butter and jelly products J.M. Smucker (NYSE: SJM) reported earnings for Q4 and the full fiscal year on Thursday. The market didn't like the report in the least. The stock closed down well over 8% at the end of yesterday's session.

Here's what happened. For the fourth quarter, net sales increased 20%, but that was little consolation to the bottom line, which dropped 11%, as earnings per diluted share came in at $0.67 versus $0.75 in the year-ago period. The top line also was the beneficiary of some inorganic growth based on acquisitions. If you adjust for certain items, bringing the earnings up to $0.73 per diluted share, the decrease in the bottom line improves to 3%, but a decline in this case is still a decline. Plus, earnings expectations were not met. The company came in five pennies shy of Wall Street's wishes, according to estimates posted at earnings.com.

For the fiscal year, J.M Smucker's top line increased 18%, also due in part to acquisitions. On both a reported and an adjusted basis, earnings per diluted share jumped 9% to $3.00. Margins really suffered during the quarter and the year. Input costs are inflating, and they're becoming difficult to manage.

Continue reading J.M. Smucker's stock sells off on earnings -- I'm not buying either

J.M. Smucker's stock sells off on earnings -- I'm not buying either originally appeared on BloggingStocks on Fri, 20 Jun 2008 12:10:00 EST. Please see our terms for use of feeds.

Folgers has created some great brand messages, including the classic, "The best part of waking up is Folgers in your cup."

Well, this morning, we got another message. P&G (NYSE: PG) will merge the Folgers unit into the operations of The J. M. Smucker Company (NYSE: SJM). The deal comes to about $3 billion.

P&G, which has owned Folgers for more than 45 years, has been actively shopping the deal. All in all, the transaction looks smart. It's an all-stock arrangement and, as a result, is tax-free to all parties. Smucker will also issue a $5 per share special dividend.

Continue reading Smucker gets some Folgers in its cup for $3 billion

Smucker gets some Folgers in its cup for $3 billion originally appeared on BloggingStocks on Wed, 04 Jun 2008 13:48:00 EST. Please see our terms for use of feeds.

J.M Smucker (SJM) reports sweet earnings originally appeared on BloggingStocks on Fri, 17 Aug 2007 15:22:00 EST. Please see our terms for use of feeds.