The J. M. Smucker Company (SJM) is a manufacturer and marketer of consumer food and beverage products and pet food and pet snacks in North America. The Company has four segments: U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International, Foodservice and Natural Foods. The Company's U.S. retail market segments consist of the sale of branded food products to consumers through retail outlets in North America. The Company's International, Foodservice and Natural Foods segment represents sales outside of the U.S. retail market segments. The Company's principal consumer food and beverage products are coffee, peanut butter, fruit spreads, shortening and oils, baking mixes and ready-to-spread frostings, canned milk, flour and baking ingredients, juices and beverages, frozen sandwiches, toppings, syrups, pickles, condiments, grain products and nut mix products. The Company's pet products consist of dry and wet dog food, dry and wet cat food, dog snacks and cat snacks.
Sitting right at a double top resistance with an upward trend and earnings next week on Thursday before market open.
Reported before open today (6/9/16) Earnings: EPS $1.86 Revenue $1.808B Estimates: EPS $1.19 Revenue $1.739B Up 7.84% today so far
Upcoming dividend information: Ex-Div-Date: 11/8/16 Payment Date: 12/1/16 Dividend: $0.75 Current Price: $131.92 Annual Yield: 2.27%
Today, shares JM Smucker dropped sharply after its fourth-quarter results missed Wall Street estimates. Earnings registered a year-over-year increase, and sales remained flat.
Looks like it dropped right through (what you'd expect to be) support. Got bought up though and closed above that support level. Not sure how confident I would be in the potential 30% gains back up to resistance at $130's though. Currently oversold.
