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J.M. Smucker (SJM)

Each generation of consumers leaves their mark on culture by establishing new expectations for food and the companies that make it. At The J.M. Smucker Co., it is our privilege to be at the heart of this dynamic with a diverse portfolio that appeals to each generation of people and pets and is found in nearly 90 percent of U.S. homes and countless restaurants. This includes a mix of iconic brands consumers have always loved such as Folgers®, Jif® and Milk-Bone® and new favorites like Café Bustelo®,Smucker's® Uncrustables® and Rachael Ray® Nutrish®. By continuing to immerse the company in consumer preferences and acting responsibly, it will continue growing our business and the positive impact the company has on society.

Company profile

Ticker
SJM
Exchange
CEO
Mark Smucker
Employees
Incorporated
Location
Fiscal year end
Former names
SMUCKER J M CO
SEC CIK
Subsidiaries
Ainsworth Pet Nutrition, LLC • Ainsworth Pet Nutrition Holdings, LLC • Ainsworth Pet Nutrition Parent, LLC • Big Heart Pet Brands, Inc. • Big Heart Pet, Inc. • CAFÉ Holding, LLC • CP APN, Inc. • DPC Pet Specialties LLC • Folgers Café Servicos de Pesquisas, Ltda. • J.M. Smucker Holdings, LLC ...
IRS number
340538550

SJM stock data

Analyst ratings and price targets

Last 3 months
Current price
Average target
$143.00
Low target
$131.00
High target
$155.00
B of A Securities
Upgraded
Buy
$155.00
17 Aug 22
Deutsche Bank
Maintains
Hold
$131.00
8 Jun 22

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

16 Jun 22
19 Aug 22
30 Apr 23
Quarter (USD) Apr 22 Jan 22 Oct 21 Jul 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Apr 22 Apr 21 Apr 20 Apr 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 169.9M 169.9M 169.9M 169.9M 169.9M 169.9M
Cash burn (monthly) 38.13M 13.7M (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) 140.34M 50.42M n/a n/a n/a n/a
Cash remaining 29.56M 119.48M n/a n/a n/a n/a
Runway (months of cash) 0.8 8.7 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
1 Jul 22 Dolan Paul J Deferred Stock Units Common Shares Grant Acquire A No No 0 219.15 0 46,868.166
1 Jul 22 Perry Kirk Deferred Stock Units Common Shares Grant Acquire A No No 0 190.56 0 11,824.671
1 Jul 22 Willoughby Dawn C Deferred Stock Units Common Shares Grant Acquire A No No 0 190.56 0 8,721.639
29 Jun 22 Smucker Mark T Common Shares Gift Dispose G No No 0 389 0 96,649
15 Jun 22 John P Brase Common Shares Grant Acquire A No No 0 3,134 0 35,634
15 Jun 22 John P Brase Option Common Shares Common Shares Grant Acquire A No No 125.82 16,559 2.08M 16,559
13F holders Current Prev Q Change
Total holders 823 829 -0.7%
Opened positions 86 73 +17.8%
Closed positions 92 112 -17.9%
Increased positions 292 272 +7.4%
Reduced positions 284 308 -7.8%
13F shares Current Prev Q Change
Total value 10.66B 11.79B -9.6%
Total shares 83.26M 87.11M -4.4%
Total puts 434.5K 312.2K +39.2%
Total calls 400.5K 364.3K +9.9%
Total put/call ratio 1.1 0.9 +26.6%
Largest owners Shares Value Change
Vanguard 12.95M $1.66B +1.8%
BLK Blackrock 9.53M $1.22B +0.6%
STT State Street 7.62M $975.01M -0.8%
SF Stifel Financial 2.67M $341.38M +2.8%
Geode Capital Management 2.25M $287.72M +2.3%
LSV Asset Management 2.14M $274.37M -22.4%
IVZ Invesco 1.77M $226.72M -2.7%
Massachusetts Financial Services 1.67M $213.18M -4.9%
Dimensional Fund Advisors 1.59M $203.15M -1.4%
NTRS Northern Trust 1.39M $177.36M -2.1%
Largest transactions Shares Bought/sold Change
LGEN Legal & General 0 -1.21M EXIT
Sequoia Financial Advisors 5.73K -849.96K -99.3%
Parametric Portfolio Associates 0 -757.78K EXIT
MS Morgan Stanley 1.33M +670.86K +101.4%
LSV Asset Management 2.14M -617.51K -22.4%
Champlain Investment Partners 1.19M -553.26K -31.7%
Marshall Wace 478.28K +478.28K NEW
Tandem Investment Advisors 0 -459.53K EXIT
Citadel Advisors 634.76K +359.36K +130.5%
Squarepoint Ops 336.94K +304.49K +938.2%

Financial report summary

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Risks
  • The COVID-19 pandemic and related ongoing implications could negatively impact our business, financial condition, 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 our intellectual property 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.
  • 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.
  • The success of our business depends substantially on consumer perceptions of our brands.
  • Our operations are subject to the general risks associated with acquisitions, divestitures, and restructurings.
  • We may not realize the benefits we expect from our cost reduction and other cash management initiatives.
  • 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.
  • 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.
  • 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.
  • We must leverage our brand value to compete against private label products.
  • 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.
  • 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.
  • We work with our suppliers to extend our payment terms, which are then supplemented by a third-party administrator to assist in effectively managing our working capital. If the extension of payment terms is reversed or the financial institution terminates its participation in the program, our ability to maintain acceptable levels of working capital may be adversely affected.
  • We could be subject to adverse publicity or claims from consumers.
  • 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.
  • Risks associated with climate change and other environmental impacts or legal, regulatory, or market measures to address climate change may negatively affect our business and operations.
  • We may be unable to grow market share of our products.
  • 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.
  • The conflict between Russia and Ukraine and the related disruptions to the global economy could adversely affect our business, financial condition, or results of operations.
Management Discussion
  • This discussion and analysis deals with comparisons of material changes in the consolidated financial statements for the years ended April 30, 2022 and 2021. For the comparisons of the years ended April 30, 2021 and 2020, see the Management’s Discussion and Analysis of Financial Condition and Results of Operations in Part II, Item 7 of our 2021 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 generally accepted accounting principles (“GAAP”) financial measure.
  • Amounts may not add due to rounding.

Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
8th grade Avg
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