The J.M. Smucker Company (SJM) has a market cap of $15.1 billion. It rose 0.18% to close at $130.01 per share on October 21, 2016. The stock’s weekly, monthly, and year-to-date (or YTD) price movements were -2.6%, -5.7%, and 7.0%, respectively, on the same day. SJM is trading 2.8% below its 20-day moving average, 6.7% below its 50-day moving average, and 3.4% below its 200-day moving average.
Related ETF and peers
The Guggenheim S&P Equal Weight Consumer Staples ETF (RHS) invests 2.9% of its holdings in SJM. RHS tracks an equal-weighted index of large-cap US consumer staples stocks drawn from the S&P 500. The YTD price movement of RHS was 3.8% on October 21.
The market caps of SJM’s closest competitors are as follows:
SJM declares dividend
The J.M. Smucker Company has declared a dividend of $0.75 per share on its common stock. The dividend is payable on December 1, 2016, to shareholders of record at the close of business on November 11, 2016.
Performance in fiscal 1Q17
The J.M. Smucker Company reported fiscal 1Q17 net sales of ~$1.8 billion, a fall of 7.2% from the ~$2.0 billion reported in fiscal 1Q16. Sales of its US Retail Coffee, US Retail Consumer Foods, US Retail Pet Foods, and International & Foodservice fell 9.2%, 7.8%, 5.5%, and 3.5%, respectively, between fiscal 1Q16 and fiscal 1Q17. The company’s gross profit margin and operating income rose 6.6% and 10.0%, respectively.
Its net income and EPS (earnings per share) rose to $170.0 million and $1.46, respectively, in fiscal 1Q17, compared with $136.4 million and $1.14, respectively, in fiscal 1Q16. It reported non-GAAP (generally accepted accounting principles) EBITDA (earnings before interest, tax, depreciation, and amortization) and non-GAAP EPS of $400.6 million and $1.86, respectively, in fiscal 1Q17, a rise of 6.6% and 16.3% over fiscal 1Q16.
SJM’s cash and cash equivalents fell 0.18%, and its inventories rose 12.8% between fiscal 4Q16 and fiscal 1Q17. Its current ratio rose to 1.4x, and its long-term debt-to-equity ratio fell to ~1.1x in fiscal 1Q17, compared with 1.3x and ~1.1x, respectively, in fiscal 4Q16.