Company profile

Ticker
SJM
Exchange
Website
CEO
Mark T. Smucker
Employees
Incorporated in
Location
Fiscal year end
Former names
Smucker J M Co
SEC CIK
IRS number
340538550

SJM stock data

(
)

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

19 Jun 20
10 Jul 20
30 Apr 21

News

Company financial data Financial data

Quarter (USD) Apr 20 Jan 20 Oct 19 Jul 19
Revenue 2.09B 1.97B 1.96B 1.78B
Net income 226.3M 187.4M 211.2M 154.6M
Diluted EPS 1.98 1.64 1.85 1.36
Net profit margin 10.82% 9.50% 10.79% 8.69%
Operating income 346.7M 289M 329.8M 257.6M
Net change in cash 316.7M 25.6M 0 -52.5M
Cash on hand 391.1M 74.4M 48.8M 48.8M
Cost of revenue 1.3B 1.21B 1.2B 1.08B
Annual (USD) Apr 20 Apr 19 Apr 18 Apr 17
Revenue 7.8B 7.84B 7.36B 7.39B
Net income 779.5M 514.4M 1.34B 592.3M
Diluted EPS 6.84 4.52 11.78 5.1
Net profit margin 9.99% 6.56% 18.19% 8.01%
Operating income 1.22B 928.6M 1.04B 1.04B
Net change in cash 289.8M -91.3M 25.8M 57M
Cash on hand 391.1M 101.3M 192.6M 166.8M
Cost of revenue 4.8B 4.92B 4.52B 4.56B

Financial data from J M SMUCKER earnings reports

Date Owner Security Transaction Code 10b5-1 $Price #Shares $Value #Remaining
1 Jul 20 Dolan Paul J Deferred Stock Units Common Shares Grant Aquire A No 0 273.24 0 39,813.412
1 Jul 20 Perry Kirk Deferred Stock Units Common Shares Grant Aquire A No 0 237.6 0 7,092.443
1 Jul 20 Oatey Gary A Deferred Stock Units Common Shares Grant Aquire A No 0 158.4 0 43,209.384
17 Jun 20 Tucker H Marshall Option Common Shares Common Shares Grant Aquire A No 108.9 22,171 2.41M 22,171
17 Jun 20 Held Amy C Option Common Shares Common Shares Grant Aquire A No 108.9 9,194 1M 9,194
77.9% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 742 752 -1.3%
Opened positions 93 102 -8.8%
Closed positions 103 86 +19.8%
Increased positions 216 237 -8.9%
Reduced positions 305 277 +10.1%
13F shares
Current Prev Q Change
Total value 113.17B 98.96B +14.4%
Total shares 88.81M 91.6M -3.0%
Total puts 315.1K 537.22K -41.3%
Total calls 357.4K 396.9K -10.0%
Total put/call ratio 0.9 1.4 -34.9%
Largest owners
Shares Value Change
Vanguard 13.1M $1.45B +1.8%
BLK BlackRock 9.94M $1.1B +2.4%
STT State Street 8.32M $923.27M +0.7%
Massachusetts Financial Services 4.32M $480M +0.2%
LSV Asset Management 3.96M $440.1M -4.6%
FMR 2.15M $238.23M -24.0%
WFC Wells Fargo & Company 2.06M $229.16M +18.4%
Champlain Investment Partners 1.95M $216.03M +3.5%
Geode Capital Management 1.84M $203.37M +2.2%
Dimensional Fund Advisors 1.77M $196.31M -1.0%
Largest transactions
Shares Bought/sold Change
Norges Bank 0 -1.08M EXIT
FMR 2.15M -678.33K -24.0%
MS Morgan Stanley 528.48K -595.83K -53.0%
IVZ Invesco 1.28M +485.34K +61.4%
Ariel Investments 1.1M -406.69K -26.9%
Lord, Abbett & Co. 141.51K -406.09K -74.2%
D. E. Shaw & Co. 32.62K -379.12K -92.1%
WFC Wells Fargo & Company 2.06M +320.93K +18.4%
Coho Partners 1.1M -312.86K -22.2%
Thompson Siegel & Walmsley 3 -307.14K -100.0%

Financial report summary

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Risks
  • The outbreak of the novel coronavirus (“COVID-19”) could negatively impact our business and results of operations.
  • Our proprietary brands, packaging designs, and manufacturing methods are essential to the value of our business, and the inability to protect these could harm the value of our brands and adversely affect our sales and profitability.
  • We use a single national broker to represent a portion of our branded products to the retail grocery trade and any failure by the broker to effectively represent us could adversely affect our business.
  • Loss or interruption of supply from single-source suppliers of raw materials and finished goods could have a disruptive effect on our business and adversely affect our results of operations.
  • Our results may be adversely impacted as a result of increased cost, limited availability, and/or insufficient quality of raw materials, including commodities and agricultural products.
  • Our efforts to manage commodity, foreign currency exchange, and other price volatility through derivative instruments could adversely affect our results of operations and financial condition.
  • We may be limited in our ability to pass cost increases on to our customers in the form of price increases or may realize a decrease in sales volume to the extent price increases are implemented.
  • Certain of our products are produced at single manufacturing sites.
  • A significant interruption in the operation of any of our supply chain or distribution capabilities could have an adverse effect on our business, financial condition, and results of operations.
  • Our business could be harmed by strikes or work stoppages.
  • Our ability to competitively serve customers depends on the availability of reliable transportation. Increases in logistics and other transportation-related costs could adversely impact our results of operations.
  • Our operations are subject to the general risks of the food industry.
  • Changes in our relationships with significant customers, including the loss of our largest customer, could adversely affect our results of operations.
  • We operate in the competitive food industry and continued demand for our products may be affected by our failure to effectively compete or by changes in consumer preferences.
  • The success of our business depends substantially on consumer perceptions of our brands.
  • We must leverage our brand value to compete against private label products.
  • We could be subject to adverse publicity or claims from consumers.
  • Our operations are subject to the general risks associated with acquisitions and divestitures. Specifically, we may not realize all of the anticipated benefits of the Ainsworth acquisition or those benefits may take longer to realize than expected.
  • We may not realize the benefits we expect from our cost reduction and other cash management initiatives.
  • Weak financial performance, downgrades in our credit ratings, or disruptions in the financial markets may adversely affect our ability to access capital in the future.
  • Our substantial debt obligations could restrict our operations and financial condition. Additionally, our ability to generate cash to make payments on our indebtedness depends on many factors beyond our control.
  • A material impairment in the carrying value of acquired goodwill or other intangible assets could negatively affect our consolidated operating results and net worth.
  • Changes in tax, environmental, or other regulations and laws, or their application, or failure to comply with existing licensing, trade, and other regulations and laws could have a material adverse effect on our financial condition.
  • Our operations in certain developing markets expose us to regulatory risks.
  • Changes in climate or legal, regulatory, or market measures to address climate change may negatively affect our business and operations.
  • If our information technology systems fail to perform adequately or we are unable to protect such information technology systems against data corruption, cyber-based attacks, or network security breaches, our operations could be disrupted, and we may suffer financial damage or loss because of lost or misappropriated information.
Management Discussion
  • This discussion and analysis deals with comparisons of material changes in the consolidated financial statements for the years ended April 30, 2020 and 2019. For the comparisons of the years ended April 30, 2019 and 2018, see the Management’s Discussion and Analysis of Financial Condition and Results of Operations in Part II, Item 7 of our 2019 Annual Report on Form 10-K.
  • (A)We use non-GAAP financial measures to evaluate our performance. Refer to “Non-GAAP Financial Measures” in this discussion and analysis for a reconciliation to the comparable GAAP financial measure.
  • Amounts may not add due to rounding.
Content analysis ?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
8th grade Good
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Removed: attorney, behalf, Beneful, Blue, Burbank, Certification, close, Colorado, compensatory, Dindo, Dolan, duly, Fancy, Feast, Francisco, Gary, Henderson, hereto, herewith, Jay, Jeannette, Kaboodle, Kathryn, Kit, Lemmon, Longmont, Managing, Oatey, omitted, parent, Paul, repaid, San, sandwich, thereunto, Timothy, undersigned