J.M. Smucker: Time To Buy? [Seeking Alpha]
The J.M. Smucker Company (SJM)
Last the j.m. smucker company earnings: 2/26 07:00 am
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US:NYSE Investor Relations:
jmsmucker.com/investor-relations
Company Research
Source: Seeking Alpha
Summary J.M. Smucker (NYSE: SJM ) just closed on the divestiture of its US baking business, as was announced in July. The company sold the US baking business for $375 million, in a deal reducing sales by $370 million and having a $0.25-0.30 per share dilutive impact on the bottom line (before taking into account usage of the proceeds). This modest divestment and a quarterly earnings report released since April warrants an update of the thesis. In April, I concluded that shares were not really expensive, yet they had rallied a bit at the time after Smucker acquired pet food producer Ainsworth Pet Nutrition in a $1.9 billion deal. The deal makes strategic sense yet was executed at a premium price, as synergies and an improved organic growth profile had to justify the high purchase price. As shares have fallen from levels around the $120 mark halfway April, they have fallen down and rapidly approach the $100 mark, warranting an update to see if the stock offers value n
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SJM
News
- The J.M. Smucker Co. Declares Dividend and Announces Annual Shareholder Meeting DatePR Newswire
- Harry + Meghan = bad deal [Business Insider]Business Insider
- Conquering Fear To Unleash Generosity In Philanthropy [Forbes]Forbes
- Institutional owners may take dramatic actions as The J. M. Smucker Company's (NYSE:SJM) recent 5.0% drop adds to one-year losses [Yahoo! Finance]Yahoo! Finance
- Pet Food Market To Reach USD 170.6 Billion By 2032, Report By DataHorizzon Research [Yahoo! Finance]Yahoo! Finance
SJM
Earnings
- 2/27/24 - Beat
SJM
Sec Filings
- 4/3/24 - Form 4
- 4/3/24 - Form 4
- 3/28/24 - Form 4
- SJM's page on the SEC website