Smucker's

Important disclosures appear on the last page of this report.
Krause Fund Research
Spring 2006
Food and Non-Alcoholic Beverage
Recommendation: BUY
Analysts
Joseph Kern
[email protected]
William Seitz
[email protected]
James Terrell
[email protected]
Company Overview
J.M. Smucker Co. was founded in 1987. They primarily
operate in North America. They are a leading producer in
fruit spreads, peanut butter, oils and shortenings, natural and
health foods, ice cream toppings, and condiments. SJM
classifies operations into their U.S. market segment and
their special market segment. The U.S. market segment
consists of consumer foods and oils businesses. The special
market segment consists of foodservice, industrial,
international, and beverage businesses. In 2005 SJM
acquired International Multifoods, which added flour and
baking products to their product mix. Some of SJM's most
recognizable brands are: Smucker's, Jif, Crisco, Pilsbury,
and Hungry Jack.
Stock Performance Highlights
52 week High $51.04
52 week Low $37.15
Beta Value 0.62
Average Daily Volume 359,800
Share Highlights
Market Capitalization $2.28 b
Shares Outstanding 58.21 m
Book Value per share 29.93
EPS (ttm) $2.22
P/E Ratio 17.90
Price/Sales 1.70
Dividend Yield 2.70%
Dividend Rate 1.08
Company Performance Highlights
ROA 6.00%
ROE 7.86%
Sales $2.14 b
Financial Ratios
Quick Ratio 0.40
Current Ratio 2.26
Debt to Equity 0.25
J.M. Smucker Co. (NYSE: SJM)
April 17, 2006
Current Price $39.54
Target Price Range $50-$53
Rising Input Costs and Slow Economic
Outlook Wont Hurt Growth
? Rising interest rates will result in an economic downturn.
Non ...
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