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Stock Market & Financial Investment News

News Breaks
June 7, 2014
16:08 EDTKRFT, SJMKraft raises prices on its coffee brands approximately 10%, WSJ says
Kraft Foods (KRFT) has raised the prices on Maxwell House and Yuban brands approximately 10%, says the Wall Street Journal. J.M. Smucker (SJM) raised its prices on Folgers and Dunkin' Donuts brands earlier this week, added the Wall Street Journal. Reference Link
News For KRFT;SJM From The Last 14 Days
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August 27, 2015
19:22 EDTSJMJ.M. Smucker shares look reasonably priced, Barron's says
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07:05 EDTSJMJ.M. Smucker reports Q1 US Retail Coffee net sales $565M
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07:04 EDTSJMJ.M. Smucker backs FY16 revenue $8B, consensus $7.92B
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07:03 EDTSJMJ.M. Smucker backs synergy target related to Big Heart of $200M by FY18-end
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07:03 EDTSJMJ.M. Smucker backs FY16 adjusted non-GAAP EPS $6.80-$6.95, consensus $5.73
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07:02 EDTSJMJ.M. Smucker reports Q1 non-GAAP EPS $1.32
07:02 EDTSJMJ.M. Smucker reports Q1 adjusted EPS $1.60, consensus $1.23
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August 26, 2015
15:00 EDTSJMNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's open, with earnings consensus, include Dollar General (DG), consensus 94c... J. M. Smucker (SJM), consensus $1.23... Tiffany (TIF), consensus 91c... Signet Jewelers (SIG), consensus $1.15... Patterson (PDCO), consensus 54c... Michaels (MIK), consensus 16c... Burlington Stores (BURL), consensus 12c.
August 24, 2015
14:02 EDTSJMJ.M. Smucker August weekly volatility elevated into Q1 and outlook
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August 19, 2015
10:00 EDTSJMOn The Fly: Analyst Upgrade Summary
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06:29 EDTSJMJ.M. Smucker upgraded to Outperform on sales growth progress at Credit Suisse
Credit Suisse upgraded J.M. Smucker to Outperform and increased its price target to $126 from $112. The firm said the latest Nielsen data indicates sales growth has turned with notable progress in coffee and pet food. Additionally, Credit Suisse believes management is about to introduce a more aggressive cost savings target for the Big Heart integration and expects shares to narrow the valuation gap versus peers as revenue growth and market share improves.

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