Latest news with #JMSmucker
Associated Press
03-08-2025
- Business
- Associated Press
SJM LEGAL ALERT: Lose Money on Your The J.M. Smucker Co. Investment? Contact BFA Law about its Securities Fraud Investigation (NYSE:SJM)
NEW YORK, Aug. 03, 2025 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces an investigation into The J.M. Smucker Company (NYSE: SJM) for potential violations of the federal securities laws. If you invested in J.M. Smucker, you are encouraged to obtain additional information by visiting: Why Is J.M. Smucker being Investigated? J.M. Smucker manufactures and markets branded food and beverage products. In November 2023, the company completed an acquisition of Hostess Brands, Inc., a manufacturer and marketer of sweet baked goods brands. The company stated that the Hostess acquisition was 'highly complementary' and that 'underlying trends in snacking and specifically sweet snacking still bode well for the category.' In truth, it appears the company's Sweet Baked Snacks segment, which includes Hostess, significantly deteriorated in the face of declining trends in sweet snacking. The Stock Declines as the Truth Is Revealed On June 10, 2025, J.M. Smucker reported its Q4 2025 financial results and announced that it recognized a $867 million impairment charge related to the goodwill of its Sweet Baked Snacks segment and a $113 million impairment charge related to the Hostess brand trademark driven by the 'continued underperformance of the Sweet Baked Snacks segment.' On this news, the price of J.M. Smucker stock fell $17.44 per share, or more than 18%, from $111.85 per share on June 9, 2025, to $94.41 per share on June 10, 2025. Click here for more information: What Can You Do? If you invested in J.M. Smucker you may have legal options and are encouraged to submit your information to the firm. All representation is on a contingency fee basis, there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses. Submit your information by visiting: Or contact: Ross Shikowitz [email protected] 212.789.3619 Why Bleichmar Fonti & Auld LLP? BFA is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It has been named a top plaintiff law firm by Chambers USA, The Legal 500, and ISS SCAS, and its attorneys have been named 'Elite Trial Lawyers' by the National Law Journal, among the top '500 Leading Plaintiff Financial Lawyers' by Lawdragon, 'Titans of the Plaintiffs' Bar' by Law360 and 'SuperLawyers' by Thomson Reuters. Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.'s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd. For more information about BFA and its attorneys, please visit Attorney advertising. Past results do not guarantee future outcomes.
Hindustan Times
30-07-2025
- Business
- Hindustan Times
Trouble Brewing: Why a Brazilian Tariff May Cause Coffee Prices to Soar
President Trump's proposed 50% tariff on Brazilian goods is likely to lift the price of the preferred coffee for most U.S. consumers. Brazilian arabica beans are the source for roughly 35% to 40% of the coffee consumed in the U.S. and a pending levy on imports starting Aug. 1 would increase the price of coffee in cafes and grocery stores alike. Brazil is by far the leading producer of coffee worldwide, and is expected to produce a total of 65 million bags of beans in the 2025-2026 marketing year—more than double of the next-largest producer Vietnam—the Department of Agriculture estimates. In fact, at over 40 million bags, Brazil produces more arabica coffee than the next five leading producers in the world combined. This includes countries like Colombia and Honduras, where U.S. coffeemakers already buy a large portion of their output. 'We don't have an easy ability to replace Brazilian coffee,' said James Watson, senior beverage analyst with Rabobank. 'For the most part, most of what you drink is all arabica.' Vietnam is the next leading coffee producer in the world, but produces virtually no arabica coffee. The country is forecast to produce 30 million bags of robusta coffee in 2025-2026, robusta being a cheaper type of coffee that is more commonly used in instant coffees. A number of brands sold in grocery stores are made using a mix of both arabica and robusta. The ability of U.S. roasters—some owned by companies like JM Smucker and Kraft Heinz—to switch out Brazilian coffee for a different exporter is limited. Domestic production is small, with the U.S. importing 99% of its coffee needs through 2024. Hawaii, California and Puerto Rico are the only U.S. territories that produce any amount of coffee. That leaves coffee roasters with few options. Companies may look to alter their recipes for the blends they produce, or simply swallow higher prices coming from tariffs. Last month, JM Smucker—whose brands include Folgers, Dunkin', and Cafe Bustelo—said that it raised prices for its coffee in May, and will do so again in August. That call was held before the tariff on Brazil was announced by Trump. Those in the coffee supply chain are tentative about doing business without knowing for sure if the 50% tariff will be implemented. Traders have rushed to bring more coffee into the U.S. ahead of a tariff, directing it away from other countries, Citi Research said in a note. 'The real effect you're seeing is that supply chains are locking up,' said Tomas Araujo, a trading associate with StoneX Group. In a post on Truth Social on Wednesday, Trump touted the August 1 deadline for tariffs as being 'strong' and not to be extended. Coffee futures trading on the Intercontinental Exchange had been on a downturn in recent months, coming off of a record high of $4.29 a pound hit in February. Coffee futures were among the top-gaining commodities in 2024, because of drought hitting Brazilian crops. But the weather has since improved, sending the futures contract down 35%. Prices started to rise again earlier in July as coffee started the new marketing year on the first of the month. If the 50% tariff on Brazil is implemented—which companies and traders are not convinced will happen, said Watson—then importers are expected to charge buyers more to ship the coffee, which in turn domestic roasters may pass on to consumers. But without tariffs, prices of coffee futures would otherwise be expected to slide. Coffee crops in Brazil have been receiving more rainfall, which is in turn boosting production estimates for the 2025-2026 marketing year, according to the USDA data. Retail prices for coffee run roughly six months behind the changes in futures prices. So consumers are still feeling the impact of futures rising to all-time highs earlier this year. Year-to-date, the average retail price for a cup of coffee in U.S. cities has risen 9% in 2025, according to the U.S. Bureau of Labor Statistics. Retailers were hoping to pay less for coffee as futures prices slid, said Watson. But if tariffs do come into play, then both futures and retail prices will likely see no respite. 'It takes a while from that decrease to come to the market,' said Watson. Write to Kirk Maltais at
Mint
30-07-2025
- Business
- Mint
Trouble brewing: Why a Brazilian tariff may cause coffee prices to soar
President Trump's proposed 50% tariff on Brazilian goods is likely to lift the price of the preferred coffee for most U.S. consumers. Brazilian arabica beans are the source for roughly 35% to 40% of the coffee consumed in the U.S. and a pending levy on imports starting Aug. 1 would increase the price of coffee in cafes and grocery stores alike. Brazil is by far the leading producer of coffee worldwide, and is expected to produce a total of 65 million bags of beans in the 2025-2026 marketing year—more than double of the next-largest producer Vietnam—the Department of Agriculture estimates. In fact, at over 40 million bags, Brazil produces more arabica coffee than the next five leading producers in the world combined. This includes countries like Colombia and Honduras, where U.S. coffeemakers already buy a large portion of their output. 'We don't have an easy ability to replace Brazilian coffee," said James Watson, senior beverage analyst with Rabobank. 'For the most part, most of what you drink is all arabica." Vietnam is the next leading coffee producer in the world, but produces virtually no arabica coffee. The country is forecast to produce 30 million bags of robusta coffee in 2025-2026, robusta being a cheaper type of coffee that is more commonly used in instant coffees. A number of brands sold in grocery stores are made using a mix of both arabica and robusta. The ability of U.S. roasters—some owned by companies like JM Smucker and Kraft Heinz—to switch out Brazilian coffee for a different exporter is limited. Domestic production is small, with the U.S. importing 99% of its coffee needs through 2024. Hawaii, California and Puerto Rico are the only U.S. territories that produce any amount of coffee. That leaves coffee roasters with few options. Companies may look to alter their recipes for the blends they produce, or simply swallow higher prices coming from tariffs. Last month, JM Smucker—whose brands include Folgers, Dunkin', and Cafe Bustelo—said that it raised prices for its coffee in May, and will do so again in August. That call was held before the tariff on Brazil was announced by Trump. Those in the coffee supply chain are tentative about doing business without knowing for sure if the 50% tariff will be implemented. Traders have rushed to bring more coffee into the U.S. ahead of a tariff, directing it away from other countries, Citi Research said in a note. 'The real effect you're seeing is that supply chains are locking up," said Tomas Araujo, a trading associate with StoneX Group. In a post on Truth Social on Wednesday, Trump touted the August 1 deadline for tariffs as being 'strong' and not to be extended. Coffee futures trading on the Intercontinental Exchange had been on a downturn in recent months, coming off of a record high of $4.29 a pound hit in February. Coffee futures were among the top-gaining commodities in 2024, because of drought hitting Brazilian crops. But the weather has since improved, sending the futures contract down 35%. Prices started to rise again earlier in July as coffee started the new marketing year on the first of the month. If the 50% tariff on Brazil is implemented—which companies and traders are not convinced will happen, said Watson—then importers are expected to charge buyers more to ship the coffee, which in turn domestic roasters may pass on to consumers. But without tariffs, prices of coffee futures would otherwise be expected to slide. Coffee crops in Brazil have been receiving more rainfall, which is in turn boosting production estimates for the 2025-2026 marketing year, according to the USDA data. Retail prices for coffee run roughly six months behind the changes in futures prices. So consumers are still feeling the impact of futures rising to all-time highs earlier this year. Year-to-date, the average retail price for a cup of coffee in U.S. cities has risen 9% in 2025, according to the U.S. Bureau of Labor Statistics. Retailers were hoping to pay less for coffee as futures prices slid, said Watson. But if tariffs do come into play, then both futures and retail prices will likely see no respite. 'It takes a while from that decrease to come to the market," said Watson. Write to Kirk Maltais at
Yahoo
21-07-2025
- Business
- Yahoo
2 Unpopular Stocks That Should Get More Attention and 1 We Ignore
When Wall Street turns bearish on a stock, it's worth paying attention. These calls stand out because analysts rarely issue grim ratings on companies for fear their firms will lose out in other business lines such as M&A advisory. At StockStory, we look beyond the headlines with our independent analysis to determine whether these bearish calls are justified. Keeping that in mind, here are two stocks where you should be greedy instead of fearful and one where the skepticism is well-placed. One Stock to Sell: J. M. Smucker (SJM) Consensus Price Target: $110.36 (4% implied return) Best known for its fruit jams and spreads, J.M Smucker (NYSE:SJM) is a packaged foods company whose products span from peanut butter and coffee to pet food. Why Do We Avoid SJM? Absence of organic revenue growth over the past two years suggests it may have to lean into acquisitions to drive its expansion Efficiency has decreased over the last year as its operating margin fell by 23.7 percentage points Underwhelming 2.8% return on capital reflects management's difficulties in finding profitable growth opportunities, and its shrinking returns suggest its past profit sources are losing steam J. M. Smucker's stock price of $106.08 implies a valuation ratio of 10.4x forward P/E. If you're considering SJM for your portfolio, see our FREE research report to learn more. Two Stocks to Watch: Palantir (PLTR) Consensus Price Target: $104.96 (-31.6% implied return) Started by Peter Thiel after seeing US defence agencies struggle in the aftermath of the 2001 terrorist attacks, Palantir (NYSE:PLTR) offers software as a service platform that helps government agencies and large enterprises use data to make better decisions. Why Is PLTR a Top Pick? Billings have averaged 38.6% growth over the last year, showing it's securing new contracts that could potentially increase in value over time Fast payback periods on sales and marketing expenses allow the company to invest heavily and onboard many customers concurrently Impressive free cash flow profitability enables the company to fund new investments or reward investors with share buybacks/dividends At $153.40 per share, Palantir trades at 94.4x forward price-to-sales. Is now the right time to buy? Find out in our full research report, it's free. Stryker (SYK) Consensus Price Target: $422.71 (8.6% implied return) With over 150 million patients impacted annually through its innovative healthcare technologies, Stryker (NYSE:SYK) develops and manufactures advanced medical devices and equipment across orthopedics, surgical tools, neurotechnology, and patient care solutions. Why Do We Watch SYK? Existing business lines can expand without risky acquisitions as its organic revenue growth averaged 10.4% over the past two years Revenue base of $23.22 billion gives it economies of scale and some negotiating power Free cash flow generation is better than most peers and allows it to explore new investment opportunities Stryker is trading at $389.40 per share, or 28.2x forward P/E. Is now a good time to buy? See for yourself in our comprehensive research report, it's free. High-Quality Stocks for All Market Conditions Trump's April 2024 tariff bombshell triggered a massive market selloff, but stocks have since staged an impressive recovery, leaving those who panic sold on the sidelines. Take advantage of the rebound by checking out our Top 6 Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-micro-cap company Kadant (+351% five-year return). Find your next big winner with StockStory today for free. Find your next big winner with StockStory today. Find your next big winner with StockStory today StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
13-07-2025
- Business
- Yahoo
These Were the 2 Worst-Performing Stocks in the S&P 500 in June 2025
The S&P 500 index rebounded in May and continued its winning streak through June. Not all S&P 500 stocks, however, made investors money. The top two worst-performing stocks in the index hit their 52-week lows in June. 10 stocks we like better than Lululemon Athletica Inc. › The S&P 500 (SNPINDEX: ^GSPC) index rose 5% in June, but there were plenty of laggards among the index's 500 stocks. The two worst-performing stocks in the S&P 500 fell by double-digit percentages. Notably, both were consumer stocks. Lululemon Athletica (NASDAQ: LULU) stock plummeted over 20% on a single trading day in June, marking one of its biggest intraday falls in history, after reporting poor numbers. It ended the month down 25%. Lululemon's same-store sales grew by only 1% year over year, while its operating margin fell by 110 basis points to 18.5% in the first quarter. With tariff-driven costs eating into its profits, Lululemon slashed its earnings outlook for the full year by almost 25% to $14.68 per share at the midpoint. However, Lululemon reaffirmed its sales growth guidance of 7% to 8% and is raising prices and diversifying sourcing channels to mitigate the impact of tariffs. Lululemon doesn't manufacture but outsources production to countries like Vietnam, Cambodia, and Sri Lanka. Lululemon, however, still gets almost 75% revenue from the Americas. After June's fall, Lululemon stock is trading at a price-to-earnings (P/E) of 16, less than half its five-year average P/E. J.M. Smucker (NYSE: SJM) stock tanked 12.8% to a 52-week low of $93.30 per share in June after reporting 3% and 13% declines in sales and adjusted earnings per share (EPS), respectively, for its fourth quarter of fiscal 2025. Low demand for dog snacks and sweet baked goods, the recent divestment of pet food brands, and rising costs were largely to blame. Smucker expects total sales to grow by only 2% to 4% in fiscal 2026, versus 7% last year, and adjusted EPS to fall by 11%. Smucker's Uncrustables brand, however, reported double-digit sales growth in Q4 and is close to hitting a billion dollars in sales. Meanwhile, Smucker continues to generate solid cash flows and is taking "decisive actions" to revive its sweet baked segment, which has struggled since acquiring Twinkies maker Hostess Brands in 2023. Before you buy stock in Lululemon Athletica Inc., consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Lululemon Athletica Inc. wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $671,477!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,010,880!* Now, it's worth noting Stock Advisor's total average return is 1,047% — a market-crushing outperformance compared to 180% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of July 7, 2025 Neha Chamaria has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends J.M. Smucker and Lululemon Athletica Inc. The Motley Fool has a disclosure policy. These Were the 2 Worst-Performing Stocks in the S&P 500 in June 2025 was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
