SJM J.M. Smucker

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
Website
CEO
Mark Smucker
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
Former names
SMUCKER J M CO
SEC CIK
Corporate docs
IRS number
340538550
SJM stock data
()
News
Stocks That Hit 52-Week Highs On Tuesday
20 Apr 21
'Fast Money Halftime Report' Picks For April 19
19 Apr 21
Stocks That Hit 52-Week Highs On Monday
19 Apr 21
Return On Capital Employed Overview: JM Smucker
23 Mar 21
Credit Suisse Maintains Neutral on JM Smucker, Raises Price Target to $123
23 Mar 21
Press releases
The J.M. Smucker Co. Declares Dividend and Announces Annual Meeting Date
16 Apr 21
The J. M. Smucker Co. Issues Limited, Voluntary Recall of Two Lots of Meow Mix® Original Choice Dry Cat Food for Potential Salmonella Contamination
9 Apr 21
The J.M. Smucker Co. and JDE Peet's Announce Strategic Liquid Coffee Partnership
24 Mar 21
The J.M. Smucker Co. Announces Fiscal 2021 Third Quarter Results
25 Feb 21
The J.M. Smucker Co. Introduces Evolved Thriving Together Priorities, ESG Disclosures
15 Feb 21
Investment data
Securities sold
Number of investors
Calendar
25 Feb 21
21 Apr 21
30 Apr 21
Financial summary
Quarter (USD) |
Jan 21 | Oct 20 | Jul 20 | Apr 20 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) |
Apr 20 | Apr 19 | Apr 18 | Apr 17 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Financial data from company earnings reports.
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
1 Apr 21 | Dolan Paul J | Deferred Stock Units Common Shares | Grant | Aquire A | No | No | 0 | 227.22 | 0 | 42,455.611 |
1 Apr 21 | Perry Kirk | Deferred Stock Units Common Shares | Grant | Aquire A | No | No | 0 | 197.58 | 0 | 9,136.547 |
29 Mar 21 | Penrose Jill R | Common Shares | Sell | Dispose S | Yes | No | 129.87 | 1,550 | 201.3K | 2,283.42 |
17 Mar 21 | Knudsen Jeannette L | Common Shares | Sell | Dispose S | No | No | 123.71 | 2,355 | 291.34K | 21,482 |
16 Mar 21 | Tanner Geoff E | Common Shares | Sell | Dispose S | No | No | 122.53 | 1,200 | 147.04K | 12,078 |
Institutional ownership Q4 2020
Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.
85.8% owned by funds/institutions
13F holders |
Current |
---|---|
Total holders | 780 |
Opened positions | 102 |
Closed positions | 84 |
Increased positions | 281 |
Reduced positions | 258 |
13F shares |
Current |
---|---|
Total value | 10.87B |
Total shares | 94.07M |
Total puts | 454.7K |
Total calls | 294.6K |
Total put/call ratio | 1.5 |
Largest owners |
Shares | Value |
---|---|---|
Vanguard | 12.47M | $1.44B |
BLK Blackrock | 9.4M | $1.09B |
STT State Street | 7.31M | $845.27M |
LSV Asset Management | 3.81M | $440.67M |
Massachusetts Financial Services | 3.52M | $406.47M |
Champlain Investment Partners | 2.16M | $250.04M |
WFC Wells Fargo & Co. | 2.14M | $247.92M |
SF Stifel Financial | 2.06M | $238.21M |
Geode Capital Management | 1.89M | $218.37M |
American Century Companies | 1.82M | $210.57M |
Financial report summary
?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 Avg
|
New words:
advertising, broker, deceptive, Director, downturn, encompassed, exhibit, false, Florida, indemnity, introduction, lapping, LP, misrepresented, Missouri, NaN, Nonemployee, organizational, overhead, pledged, preliminary, premised, prepayment, protection, putative, quantified, scope, stranded, Supplementary, sweetener, threatened, unfair
Removed:
began, case, commitment, customer, drawn, estimate, Interbank, London, matter, penalty, Plaintiff, syndicate, Voluntary
Financial reports
10-Q
2021 Q3
Quarterly report
25 Feb 21
10-Q
2021 Q2
Quarterly report
24 Nov 20
10-Q
2021 Q1
Quarterly report
25 Aug 20
10-K
2020 FY
Annual report
19 Jun 20
10-Q
2020 Q3
Quarterly report
27 Feb 20
10-Q
2020 Q2
Quarterly report
22 Nov 19
10-Q
2020 Q1
Quarterly report
27 Aug 19
10-K
2019 FY
Annual report
17 Jun 19
10-Q
2019 Q3
Quarterly report
26 Feb 19
10-Q
2019 Q2
Quarterly report
28 Nov 18
Current reports
8-K
Other Events
12 Mar 21
8-K
The J.M. Smucker Co. Announces Fiscal 2021 Third Quarter Results
25 Feb 21
8-K
Other Events
4 Jan 21
8-K
The J.M. Smucker Co. Announces Fiscal 2021 Second Quarter Results
24 Nov 20
8-K
Regulation FD Disclosure
26 Oct 20
8-K
The J. M. Smucker Company Announces Fiscal 2021 First Quarter Results
25 Aug 20
8-K
Submission of Matters to a Vote of Security Holders
24 Aug 20
8-K
Departure of Directors or Certain Officers
13 Jul 20
8-K
Departure of Directors or Certain Officers
22 Jun 20
8-K
The J. M. Smucker Company Announces Fiscal 2020 Fourth Quarter Results
4 Jun 20
Registration and prospectus
S-8 POS
Registration of securities for employees (post-effective amendment)
25 Nov 20
S-3ASR
Automatic shelf registration
30 Sep 20
424B2
Prospectus for primary offering
6 Mar 20
FWP
Free writing prospectus
4 Mar 20
424B2
Prospectus for primary offering
4 Mar 20
25-NSE
Exchange delisting
26 Jun 18
8-A12B/A
Registration of securities on exchange (amended)
25 Jun 18
424B2
Prospectus for primary offering
5 Dec 17
424B2
Prospectus for primary offering
3 Dec 17
FWP
Free writing prospectus
3 Dec 17
Proxies
DEFA14A
Additional proxy soliciting materials
1 Jul 20
DEF 14A
Definitive proxy
1 Jul 20
DEFA14A
Additional proxy soliciting materials
28 Jun 19
DEF 14A
Definitive proxy
28 Jun 19
DEFA14A
Additional proxy soliciting materials
27 Jul 18
DEFA14A
Additional proxy soliciting materials
29 Jun 18
DEF 14A
Definitive proxy
29 Jun 18
DEF 14A
Definitive proxy
29 Jun 17
DEFA14A
Additional proxy soliciting materials
29 Jun 17
DEF 14A
Definitive proxy
30 Jun 16
Other
EFFECT
Notice of effectiveness
23 Aug 15
CORRESP
Correspondence with SEC
19 Aug 15
UPLOAD
Letter from SEC
11 Aug 15
CORRESP
Correspondence with SEC
4 Aug 15
UPLOAD
Letter from SEC
22 Jul 15
CORRESP
Correspondence with SEC
29 Jun 15
NO ACT
No action letter
21 Jun 12
NO ACT
No action letter
16 May 12
NO ACT
No action letter
8 May 11
UPLOAD
Letter from SEC
16 Sep 09
Ownership
4
J M SMUCKER / Kirk Perry ownership change
5 Apr 21
4
J M SMUCKER / Paul J Dolan ownership change
5 Apr 21
4
J M SMUCKER / Jill R Penrose ownership change
30 Mar 21
4
J M SMUCKER / Jeannette L Knudsen ownership change
18 Mar 21
4
J M SMUCKER / Geoff E Tanner ownership change
17 Mar 21
4
J M SMUCKER / Jill R Penrose ownership change
2 Mar 21
SC 13G
J M SMUCKER / STATE STREET ownership change
10 Feb 21
SC 13G/A
J M SMUCKER / VANGUARD ownership change
9 Feb 21
SC 13G/A
J M SMUCKER / BlackRock ownership change
28 Jan 21
4
J M SMUCKER / Kirk Perry ownership change
4 Jan 21
Patents
GRANT
Design
Pet treat
13 Apr 21
Inventors: Aretha Turner Ashby, Adam Bricker, Christian Bushnell, Elizabeth Jan Hogben, William T. Keehn, Michelle McCune, Zachary Parker Willard, Judy Guo, Andrew Deakin, Molly Rolig
GRANT
Design
Container with ears
16 Mar 21
Inventors: Zachary Parker Willard, Julius Austria Coronel, Yunlin Song
APP
Utility
Dual Textured Animal Food Product and Methods of Manufacture Thereof
4 Mar 21
A co-extruded, dual-texture animal food is provided.
APP
Utility
Methods for Reducing Negative Flavor Attributes In Coffee and Compositions Therefrom
18 Feb 21
The present invention relates to methods of reducing negative flavor attributes, such as bitterness, in coffee products.
GRANT
Design
Pet treat
16 Feb 21
Inventors: Aretha Turner Ashby, Adam Bricker, Christian Bushnell, Elizabeth Jan Hogben, William T. Keehn, Michelle McCune, Zachary Parker Willard, Judy Guo, Andrew Deakin, Molly Rolig
Transcripts
2021 Q3
Earnings call transcript
25 Feb 21
2021 Q2
Earnings call transcript
24 Nov 20
2021 Q1
Earnings call transcript
25 Aug 20
2020 Q4
Earnings call transcript
4 Jun 20
2020 Q3
Earnings call transcript
26 Feb 20
2020 Q2
Earnings call transcript
22 Nov 19
2020 Q1
Earnings call transcript
27 Aug 19
2019 Q4
Earnings call transcript
6 Jun 19
2019 Q3
Earnings call transcript
26 Feb 19
2019 Q2
Earnings call transcript
28 Nov 18
Reddit threads
600k how to maximize profit
11 Apr 21
Weekly Advice and Earnings Megathread
9 Apr 21
Working Through Overdiversification - Consumer Staples
9 Apr 21
My father asked me for help/advice.
2 Apr 21
HELPFUL GUIDE on researching, analyzing & performing DD [due diligence] on stocks [15 things to consider looking at]
31 Mar 21
Overcomplicating Dividend Portfolio?
23 Mar 21
Diverse enough?
20 Mar 21
Utz Brands - A Speculative Analysis (NYSE: UTZ)
7 Mar 21
$RKT on CNBC already, gratz guys you can sell now
2 Mar 21
Which LEAPS have you been/ will you be buying during these red times?
28 Feb 21