Smucker (J.M.) manufactures and markets food and beverage products. The company's principal products are coffee, dog food, pet snacks, cat food, peanut butter, fruit spreads, frozen handheld products, shortening and oils, portion control products, juices and beverages, and flour and baking ingredients. The company has four reportable segments: U.S. Retail Coffee, U.S. Retail Consumer Foods, and U.S. Retail Pet Foods, and International and Away From Home. The U.S. retail market segments represent the sales of food and beverage products to consumers through retail outlets in North America. The International and Away From Home segment represents sales outside of the U.S. retail market segments.
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J M SMUCKER (US), a company active in the Food Products industry, reduced its market risk and raised its general evaluation. The independent financial analyst theScreener awarded an improved star rating to the company, which now shows 2 out of 4 possible stars; its market behaviour has improved and can be considered as defensive. theScreener believes that this new assessment merits an overall rating upgrade to Slightly Positive. As of the analysis date October 15, 2021, the closing price was USD 122.08 and its potential was estimated at USD 136.04.
The J.M. Smucker Company (SJM:USA) currently trades below corporate averages relative to UAFRS-based (Uniform) earnings, with a 15.5x Uniform P/E. At these levels, the market is pricing in bearish expectations for the firm, but management is confident about their coffee business, supply chain management, and pet food business growth. Specifically, management is confident their pricing elasticity model for green coffee generally performed as expected and that they are outpacing coffee category growth through Dunkin', Café Bustelo and K-Cups. Moreover, they are confident they have been successf...
Rating Action: Moody's assigns provisional ratings to Prime RMBS issued by GS Mortgage-Backed Securities Trust 2021- PJ10. Global Credit Research- 18 Oct 2021. New York, October 18, 2021-- Moody's Investors Service has assigned provisional ratings to 38 classes of residential mortgage-backed securities issued by GS Mortgage-Backed Securities Trust 2021- PJ10.
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