Opinions
Lyle Stein
J. M. Smuckers Co.
SJM-N
TOP PICK
Aug 08, 2017
$121.790
Stock price when the opinion was issued
food processing
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HOLD
They have a large proportion of their business is coffee. They just made a big pet food acquisition. Debt to equity ratios for these kinds of companies tend to be high because they have a high credit rating due to the fact that they are inelastic – people have to buy the products regardless. Their problem is that their revenues are starting to slide. Little eCommerce startups have eroded 3% of all the revenues of all the big guys. There is nothing wrong with the company and it is a matter of how quickly they can get the revenues back up.
food processing
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BUY ON WEAKNESS
Stockchase Research Editor: Michael O'Reilly The company best known for jam, also provides pet foods, coffee and much more. Its recent earnings were so strong the company has increased its guidance for 2021. Management projects $8.20-$8.60 EPS, up from $7.90-$8.30 for next year. Recent earnings of $2.37 per share beat estimates of $1.67. This caused share prices to pop recently, so we would be looking to buy on a pullback towards $115. It pays a good dividend with a 51% payout ratio. Yield 2.96%
food processing
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TOP PICK
Stockchase Research Editor: Michael O'Reilly We are being rewarded for our patience as this was a buy on weakness target. The company best known for jam, also provides pet foods, coffee and much more. Its recent earnings were so strong the company has increased its guidance for 2021. Management projects $8.20-$8.60 EPS, up from $7.90-$8.30 for next year. Recent earnings of $2.37 per share beat estimates of $1.67. It pays a good dividend with a 51% payout ratio. We would buy this with a stop-loss at $103. Yield 3.06% (Analysts’ price target is $117.40)
food processing
DON'T BUY
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PAST TOP PICK
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PAST TOP PICK
This is another of those boring US consumer product names. We now have an $.80 dollar that is good for purchasing US stocks. Good discipline with their balance sheet. A quality company. Dividend yield of 2.5%. (Analysts’ price target is $131.)