|October 9, 2012|
|09:27 EDT||SJM||J.M. Smucker says experiencing tight supply of certain retail coffee canisters|
The J. M. Smucker Company provided the following statement in regard to its Folgers coffee business. Although the Company is experiencing a tight supply of certain retail coffee canisters, and has responded by modifying selected promotional activities and actively balancing inventory levels with its customers, the Company views this as a short-term event and is working with its supplier in order to meet demand. The Company further notes that the supply constraints relate to packaging supply and are not due to a shortage in the availability of green coffee. The impact of the packaging supply shortage is not expected to have a material effect on the Company’s financial results for the current fiscal year.
News For SJM From The Last 14 Days
Check below for free stories on SJM the last two weeks.
|December 5, 2013|
|06:25 EDT||SJM||J.M. Smucker downgraded to Underperform from Market Perform at Wells Fargo|
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|December 3, 2013|
|08:38 EDT||SJM||J.M. Smucker FY15 EPS to beat consensus by wide margin, says Bernstein|
Bernstein reports that it has seen more concrete signals about the timing and magnitude of a rebound in J.M. Smucker's peanut butter profits next quarter, and the firm expects the company's FY15 EPS to beat the consensus outlook by 54c. The firm says the recent pullback in the stock "looks interesting," and it keeps an Outperform rating on the shares.
|November 21, 2013|
|10:03 EDT||SJM||On The Fly: Analyst Downgrade Summary|
Today's noteworthy downgrades include: Allianz SE (AZSEY) downgraded to Neutral from Buy at Citigroup... Amicus Therapeutics (FOLD) downgraded to Neutral from Overweight at JPMorgan... Consolidated Edison (ED) downgraded to Underperform from Hold at Jefferies... J.M. Smucker (SJM) downgraded to Neutral from Overweight at JPMorgan... Philip Morris (PM) downgraded to Neutral from Conviction Buy at Goldman... Pioneer Natural (PXD) downgraded to Perform from Outperform at Oppenheimer... Qualcomm (QCOM) downgraded to Outperform from Strong Buy at Raymond James... Quintiles (Q) downgraded to Hold from Buy at Deutsche Bank... Republic Services (RSG) downgraded to Neutral from Buy at Goldman... Children's Place (PLCE) downgraded to Neutral from Buy at Monness Crespi... America's Car-Mart (CRMT) downgraded to Underweight from Equal Weight at Stephens.
|09:29 EDT||SJM||J.M. Smucker weakness creates buying opportunity, says Bernstein|
After J.M. Smucker reported Q2 results that Bernstein views as disappointing, the firm notes that the company's volumes remained positive last quarter while it expects profit growth at all three of its operating segments to grow in Q3.
|06:45 EDT||SJM||J.M. Smucker downgraded to Neutral from Overweight at JPMorgan|
JPMorgan downgraded J.M. Smucker with a $110 price target following the company's Q2 results.
|06:35 EDT||SJM||J.M. Smucker pullback a good buying opportunity, says Citigroup|
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