Insider Trading Thur 12/14/23

Notable purchases -- Buffett adds to OXY; notable sales -- President/CEO active in WM

Buyers:

• BANC Director bought 10,000 shares at $12.305 - $12.34 worth ~$123K.
• DEA Chairman bought 8,000 shares at $13.14 - $13.15 worth ~$105K.
• ET Co-CEO bought 50,000 shares at $13.185 - $13.20 worth ~$660K.
• FTK Director bought 54,859 shares at $3.19 - $3.53 worth ~$189K.
• GTLS Director bought 500 shares at $134.445 worth ~$67K.
• LOVE 10% owner Satori Capital bought 151,784 shares at $24.91 - $25.80 worth ~$3.9 mln.
• OXY 10% owner Warren Buffett's Berkshire Hathaway (BRK.A / BRK.B) bought another 10,482,162 shares worth approx. $589 mln.
• SJM Director bought 1,000 shares at $125.05 worth ~$125K.
• TEX Director bought 50,000 shares at $50.69 - $51.20 worth ~$2.6 mln.

Sellers:

• CCOI President / CEO sold 20,000 shares at $69.99 worth ~$1.4 mln.
• SF Senior Vice President & General Counsel sold 8,100 shares at $ 64.745 worth ~$524K.
• WM President / CEO sold 9,550 shares at $177.00 worth ~$1.7 mln.

Insider Trading : Fri 6/23/23

Notable purchases -- 10% owner adds to VERA; notable sales -- Chairman/CEO active in ADBE

Buyers:

• BRO Director bought 4,000 shares at $65.78 worth ~$263K.
• EGLE 10% owner bought 181,422 shares at $44.72 - $48.50 worth ~$8.6 mln.
• NVCT 10% owner bought 13,090 shares at $17.71 - $17.73 worth ~$232K.
• PEB Chairman / CEO bought 39,368 shares at $12.55 - $12.85 worth ~$503K.
• VERA 10% owner bought 448,217 shares at $14.89 - $15.1904 worth ~$6.8 mln.

Sellers:

• ADBE Chairman and CEO sold 35,000 shares at $475.12 - $480.93  worth ~$16.7 mln.
• AMC 10% owner Antara Capital sold 4,380,646 AMC Preferred Equity Units (APE)  at $1.66 - $1.92 worth ~$7.5 mln.
• BRT Executive Vice President sold 50,000 shares at ~$20.15 worth ~$1.0 mln.
• SJM Chair of Board, President & CEO sold 9,965 shares at $152.24 - $152.40 worth ~$1.5 mln.
• WRBY 10% owner Durable Capital sold 220,610 shares at $11.90 - $11.91 worth ~$2.6 mln.

J.M. Smucker (SJM) reported earnings on Fri 22 Nov 2019 (b/o)

** charts after earnings **

 

J.M. Smucker beats by $0.12, reports revs in-line; lowers FY20 outlook

Reports Q2 (Oct) earnings of $2.26 per share, $0.12 better than the S&P Capital IQ Consensus of $2.14; revenues fell 3.2% year/year to $1.96 bln vs the $1.97 bln S&P Capital IQ Consensus.

Co lowers guidance for FY20, sees EPS of $8.10-8.30 vs. $8.27 S&P Capital IQ Consensus, and compared to prior guidance of $8.35-8.55; sees FY20 revs of down 3% yr/yr to ~$7.60 bln vs. $7.71 bln S&P Capital IQ Consensus, compared to prior guidance of (-1%) to flat or ~7.76-7.84 bln

• Co also lowers Free cash flow guidance to $850 mln vs $875 - $925 mln prior

Earnings this week : Nov 18 - 22, 19 (wk 47)

Monday (Nov 18)

• Morning: CCMP LX MANU QD
• Afternoon: CRMT ASH BILI KRNT WWD ZTO

Tuesday (Nov 19)

• Morning: WUBA ARMK DAVA PPDF HD JKS KSS MMS MDT NJR TJX TDG
• Afternoon: ESE PAGS URBN

Wednesday (Nov 20)

• Morning: AVYA LOW PDD QIWI SR TGT
• Afternoon: CPRT CUB GTBIF JACK LB LZB NTES NUAN SQM SONO

Thursday (Nov 21)

• Morning: ASYS PLAN BZUN BERY BJ BRC BV AQUA HMLP M SDRL SFL
• Afternoon: BRBR ENTA GPS IIIV INTU MATW JWN OOMA POST PSTG ROST SCVL SPLK WSM

Friday (Nov 22)

• Morning: ATKR BKE FL FUTU HIBB SJM

Notable earnings reports:

• Manchester United (NYSE:MANU) on November 18; 
• Home Depot (HD), TJX Companies (NYSE:TJX) and Urban Outfitters (NASDAQ:URBN) on November 19; 
• L Brands (NYSE:LB), Lowe's (LOW), Jack in the Box (NASDAQ:JACK) and Target (TGT) on November 20; 
• Gap (NYSE:GPS), Macy's (NYSE:M), Splunk (NASDAQ:SPLK), Ross Stores (NASDAQ:ROST) and Nordstrom (NYSE:JWN) on November 21; 
• Foot Locker (NYSE:FL) and J.M. Smucker (NYSE:SJM) on November 22.

J.M. Smucker (SJM) reported earnings on Thur 7 June 2018 (b/o)

** charts before earnings **

 

** charts after earnings **

 

J.M. Smucker misses by $0.25, misses on revs; guides FY19 EPS below consensus, revs above consensus 

• Reports Q4 (Apr) earnings of $1.93 per share, $0.25 worse than the Capital IQ Consensus of $2.18; revenues fell 0.1% year/year to $1.78 bln vs the $1.8 bln Capital IQ Consensus.
• Co issues mixed guidancefor FY19, sees EPS of $8.40-8.65 vs. $9.19 Capital IQ Consensus Estimate; sees FY19 revs of +13% YoY to $8.3 bln vs. $8.04 bln Capital IQ Consensus Estimate.

J.M. Smucker (SJM) reported earnings on Thur 24 August 2017 (b/o)

** charts before earnings **

 

** charts after earnings **

 

J.M. Smucker misses by $0.11, misses on revs; lowers FY18 EPS guidance

• Reports Q1 (Jul) earnings of $1.51 per share, excluding non-recurring items, $0.11 worse than the Capital IQ Consensus of $1.62; revenues fell 3.7% year/year to $1.75 bln vs the $1.81 bln Capital IQ Consensus
  • Net sales decreased 4%, reflecting declines within the U.S. Retail Consumer Foods and U.S. Retail Coffee segments
  • This reflected a 5 percentage point impact from lower volume/mix driven by declines in several categories, notably coffee and oils, which were partially offset by gains in pet food. Net price realization contributed 1 percentage point to net sales, as higher net pricing for coffee and the Smucker's brand was partially offset by lower net pricing within the Company's U.S. Retail Pet Foods segment.
• Co lowers FY18 earnings forecast, sees EPS of $7.75-7.95, excluding non-recurring items, vs. $7.95 Capital IQ Consensus Estimate, down from $7.85-8.05
  • Co said, "While our first quarter results fell slightly short of our projections, primarily driven by lower than anticipated volume for Folgers roast and ground coffee, we have taken actions to improve our competitive positioning for Folgers. As a result, volume trends are improving. In addition, we remain pleased with the performance of the remainder of our coffee portfolio and look forward to the launch of new coffee products later this fiscal year," said Mark Smucker, Chief Executive Officer. "We are also pleased with the progress on our cost management programs, as we continue to deliver on our synergy and cost savings targets. Across all our businesses, we are executing on our strategic plan that provides a clear path to sustainable, long-term growth by delivering on current consumer and retail trends."

J.M. Smucker (SJM) reported earnings on Tue 8/23/16 (b/o)

** charts before earnings **

** charts after earnings **

 

 ** 3 days later **

J.M. Smucker beats by $0.12, misses on revs; reaffirms FY17 EPS & raises rev guidance :

• Reports Q1 (Jul) earnings of $1.86 per share, excluding non-recurring items, $0.12 better than the Capital IQ Consensus of $1.74; revenues fell 7.0% year/year to $1.82 bln vs the $1.89 bln Capital IQ Consensus.
  • U.S. retail coffee net sales decreased $51.7 mln, reflecting lower net price realization, which was primarily attributed to the impact of two 6 percent list price declines since the beginning of fiscal 2016.
  • U.S. retail consumer foods net sales decreased $45.2 mln, primarily reflecting the impact of $34.2 mln of noncomparable net sales in the prior year related to the divested U.S. canned milk business.
  • U.S. retail pet foods net sales decreased $30.4 mln, primarily due to unfavorable volume/mix, which impacted net sales by 5 percentage points.
  • International & foodservice net sales decreased $8.9 mln, reflecting noncomparable sales of $5.3 mln in the prior year related to the divested U.S. canned milk business and an unfavorable $4.6 mln impact of foreign currency exchange.
• Co reaffirms FY17 EPS & raises FY17 rev guidance, sees EPS of $7.60-7.75, excluding non-recurring items, vs. $7.70 Capital IQ Consensus Estimate; sees FY17 revs between -1-0% (prior -1%) to $7.73 bln, excluding the impact of the U.S. canned milk divestiture, vs. $7.72 bln Capital IQ Consensus Estimate.

J.M. Smucker (SJM) reported earnings Thur 9 June 2016 (b/o)

** charts after earnings **

 

J.M. Smucker (SJM) reported strong fiscal fourth-quarter earnings and gave upbeat guidance Thursday, driving its stock to a record high.

The maker of Folgers brand coffee, Jif peanut butter and its namesake line of jams and jellies reported fiscal fourth-quarter non-GAAP earnings of $1.86 a share, reversing from an 41-cent loss in the same quarter a year earlier. Earnings for the most recent quarter included a deferred tax benefit of 42 cents.

Revenue climbed nearly 25% to $1.81 billion from $1.45 billion as coffee sales rose 9% to $512.6 million and pet food sales jumped 135% to $562.9 million, partly on its acquisition of Big Heart Pet Brands for $6 billion last year.

Smucker shares leapt 7.9% to 143.23 on the stock market today. The stock blasted past a 132.74 buy point of a flat base.

J.M. Smucker (SJM) reported earnings Thur 19 Nov 2015 (b/o)

** charts 2 days before earnings **

** charts after earnings **

 

J.M. Smucker beats by $0.11, reports revs in-line; raises low end of FY16 EPS guidance, reaffirms FY16 revs guidance :

• Reports Q2 (Oct) earnings of $1.62 per share, $0.11 better than the Capital IQ Consensus of $1.51; revenues rose 40.2% year/year to $2.08 bln vs the $2.07 bln Capital IQ Consensus.
• Co issues guidance for FY16, sees EPS of $5.70-5.80 (Prior guidance $5.65-5.80) vs. $5.75 Capital IQ Consensus Estimate; sees FY16 revs of $7.9 bln vs. $7.88 bln Capital IQ Consensus Estimate.
• Smucker's also reaffirmed its FY16 CapEx outlook of $220 mln, and raised its FY16 FCF guidance from $900 mln to $925 mln