The J. M. Smucker Co.

The J. M. Smucker Co.

The J. M. Smucker Co.

Overview
Date Founded

1921

Headquarters

One Strawberry Lane, Orrville, OH, 44667-0280, USA

Type of Company

Public

Employees (Worldwide)

7,400

Industries

Food
Wholesale: Consumer Non-Durables/Sundries
Retail: Other
Consumer Services
Industrial Machinery & Manufacturing

Company Description

The J. M. Smucker Co. engages in the manufacture and marketing of food and beverage products. It operates through the following segments: U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International and Away From Home. The U. S. Retail Coffee segment includes domestic sales of Folgers, Dunkin' Donuts, and Café Bustelo branded coffee. The U.S. Retail Consumer Foods segment sells Smucker's, Jif, and Crisco branded products. The U.S. Retail Pet Foods comprises Rachael Ray Nutrish, Meow Mix, Milk-Bone, Natural Balance, Kibbles 'n Bits, 9Lives, Nature's Recipe, and Pup-Peroni branded products. The International and Foodservice segment covers products distributed domestically and in foreign countries through retail channels and foodservice distributors and operators. The company was founded by Jerome Monroe Smucker in 1897 and is headquartered in Orrville, OH.

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Executives & Employees

President & Chief Executive Officer

Executive Chairman

Vice Chair & Chief Financial Officer

Chief Financial Officer

Chief Marketing & Commercial Officer

Secretary, Chief Legal & Compliance Officer

Chief Strategy & International Officer

Senior Vice President & General Manager, Coffee

Senior Vice President & General Manager, Consumer Foods

President, Pet Food & Pet Snacks

Board of Directors

Executive Chairman at The J. M. Smucker Co.

President & Chief Executive Officer at The J. M. Smucker Co.

CBA Dean's Office Executive in Residence at University of Akron

Secretary at Civic Consulting Alliance

Managing Partner at Squire Patton Boggs LLP

Chairman & Chief Executive Officer at Cleveland Indians Baseball Co., Inc.

Founding Partner at Glengary LLC

Former Chief Risk Officer & Vice President at FirstEnergy Corporation

President-Brand Solutions at Google, Inc.

Former Chief Operating Officer & Executive Vice President at The Clorox Co.

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Owners & Shareholders
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LSV Asset Management is a quantitative value equity manager that provides active investment management for institutional investors through the application of proprietary investment models. The firm's investment approach is based on the premise that superior long-term results can be achieved by systematically exploiting the judgmental biases and behavioral weaknesses that influence the decisions of many investors. LSV uses a strictly quantitative investment model to identify out-of-favor (undervalued) stocks that have the potential for near-term appreciation. Their portfolios typically have a deep value orientation relative to the indices. Market timing is not part of LSV's process and portfolios are generally fully invested with cash levels usually below 2 percent. LSV selects individual securities using a bottom-up, quantitative approach. All of their investment strategies use the same approach with investments segmented into different market-cap ranges and/or geographic regions. Portfolio turnover is approximately 30 percent for each strategy. LSV also offers socially responsible investment portfolios and has a strict policy against using soft dollars.

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Coho Partners may use one or more of the following methods of analysis in formulating their investment advice and/or managing their clients' assets: charting; fundamental analysis; technical analysis; asset allocation; and mutual fund/ETF analysis. The firm's proprietary investment process, the Coho Relative Value Equity Strategy, is designed to protect principal in \"down\" markets while capturing a large percentage of the gains in \"up\" markets. In addition to the Coho Relative Value Equity Strategy, the firm offers alternative investment recommendations which are not limited to any specific product or service. Their primary focus is on individual stocks and bonds, mutual funds, ETFs, and government securities. Coho Partners may also offer advice with regard to warrants, corporate debt securities, commercial paper, CDs, and options contracts on securities.

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CIP believes that investing in companies with sustainable competitive advantages, durable business models, sound balance sheets, capable and sincere management, and that are trading at valuations that each team deems reasonable can, over time, provide attractive returns with less risk than the overall market. In all of their strategies they actively attempt to minimize business and valuation risk through our well-defined and consistent investment processes. Their investment processes are focused on absolute returns and avoiding large losses, which we believe is critical to wealth creation. Their strategies include small cap equity, mid cap equity, emerging markets equity and emerging markets small cap equity. For CIP's small and mid cap equity, they follow a three-step process: (1) screen all potential companies through unique sector factors; (2) analysis of company fundamentals; (3) valuation analysis. For their emerging markets and emerging markets small cap equity, they also have a process they follow: (1) screen using filters including minimum market cap and liquidity; (2) apply their sector factors - a set of qualitative judgments that target the business models CIP find most attractive; (3) fundamental analysis of company attributes; (4) valuation analysis.

Recent Transactions
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Darling Ingredients, Inc. purchases Triple - T Foods, Inc. from The J. M. Smucker Co.

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The J. M. Smucker Co. purchases Ainsworth Pet Nutrition LLC from Catterton Management Co. LLC

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Discount Coffee Com, Inc. purchases Millstone Coffee, Inc. from The J. M. Smucker Co.

Insider Transactions
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Transaction Advisors
Accountant

Advised onThe J. M. Smucker Co. purchases Procter & Gamble /Jif Peanut Butter & Crisco Cooking Oils from Procter & Gamble Co.

Investment Advisor

Advised onThe J. M. Smucker Co. purchases Big Heart Pet Brands Corp. from HarbourVest Partners LLC, Vestar Capital Partners, Inc., Quilvest & Partners SA, AlpInvest Partners BV, Kohlberg Kravis Roberts & Co. LP, Centerview Partners Holdings LLC

Legal Advisor

Advised onThe J. M. Smucker Co. purchases Procter & Gamble /Jif Peanut Butter & Crisco Cooking Oils from Procter & Gamble Co.

Legal Advisor

Advised onThe J. M. Smucker Co. purchases The Folger Coffee Co. from Procter & Gamble Co.

Executive Director

Advised onThe J. M. Smucker Co. issued Common Stock

Associate

Advised onBrynwood Partners Management LLC purchases from The J. M. Smucker Co.

Advisors & Consultants
Legal Advisor

Partner at Jones Day

Legal Advisor

Partner at Jones Day

Legal Advisor

Partner at Jones Day

Clients

Walmart, Inc. engages in retail and wholesale business. The Company offers an assortment of merchandise and services at everyday low prices. It operates through the following business segments: Walmart U.S., Walmart International, and Sam's Club. The Walmart U.S. segment operates as a merchandiser of consumer products, operating under the Walmart, Wal-Mart, and Walmart Neighborhood Market brands, as well as walmart.com and other eCommerce brands. The Walmart International segment manages supercenters, supermarkets, hypermarkets, warehouse clubs, and cash & carryl outside of the United States. The Sam's Club segment comprises membership-only warehouse clubs and samsclubs.com. The company was founded by Samuel Moore Walton and James Lawrence Walton in 1945 and is headquartered in Bentonville, AR.

Cott is one of the world's largest producers of beverages on behalf of retailers, brand owners and distributors. Cott produces multiple types of beverages in a variety of packaging formats and sizes, including carbonated soft drinks, 100% shelf stable juice and juice-based products, clear, still and sparkling flavored waters, energy products, new age beverages, and ready-to-drink teas, as well as alcoholic beverages for brand owners. Cott's large manufacturing footprint, substantial research and development capability and high-level of quality and customer service enables Cott to offer its customers a strong value-added proposition of low cost, high quality products. With approximately 4,000 employees, Cott operates manufacturing facilities in the United States, Canada, the United Kingdom and Mexico. Cott also develops and manufactures beverage concentrates which it exports to over 50 countries around the world.

Keurig Dr Pepper, Inc. manufactures and markets non-alcoholic beverages. It operates through the following segments: Beverage Concentrates, Packaged Beverages, Latin America Beverages and Coffee Systems. The Beverage concentrates segment is principally a brand ownership business where it manufactures and sells beverage concentrates in the U.S. and Canada. The Packaged Beverages segment is principally a brand ownership, manufacturing and distribution business. The Latin America Beverages segment participates mainly in the carbonated mineral water, flavored CSD, bottled water and vegetable juice categories, with particular strength in carbonated mineral water, vegetable juice categories and grapefruit flavored CSDs and The Coffee Systems segment is primarily a producer of single-serve brewing systems and specialty coffee in the U.S. and Canada. The company was founded in 2018 and is headquartered in the Burlington, Massachusetts.

Key Stats and Financials As of 2019
Market Capitalization
$12.6B
Total Enterprise Value
$19.7B
Earnings Per Share
$4.53
Revenue
$7.84B
EBITDAMargin
21.8%
EBITDA
$1.71B
Total Debt
$5.91B
Net Profit
$512M
Enterprise Value Sales
2.51x
Enterprise Value EBITDAOperating
11.52x
TEVNet Income
38.45x
Debt TEV
0.3x
Total Equity
$7.97B
Five Year Compounded Annual Growth Rate Of Revenue
6.92%
Three Year Compounded Annual Growth Rate Of Revenue
0.11%
Non-Profit Donations & Grants
$500 - $10K
2017
$50K - $100K
2017
$100K - $500K
2017
Investments
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Archibald Brothers International, Inc. manufactures frozen confectionary products and equipment. It provides soft-serve ice cream and frozen yogurt flavors. The firm offers flavors for the EROS product line. The company was founded by William H Brown, Jerilyn B Miller and Eric R Miller in 1994 and is headquartered in New Albany, IN.

Suppliers
Silgan Holdings, Inc. Private Equity & Venture Capital | Stamford, Connecticut

Silgan Holdings, Inc. engages in the manufacture and sale of rigid packaging for consumer goods products. It operates through the following segments: Metal Containers, Closures and Plastic Containers. The Metal Containers segment includes steel and aluminium containers for human and pet food, and general line products. The Closures segment comprises of metal, composite, and plastic closures for food and beverage products. The Plastic Containers segment covers custom designed plastic containers and closures for personal care, food, health care, pharmaceutical, household and industrial chemical, pet care, agricultural, automotive, and marine chemical products. The company was founded by R. Philip Silver and D. Greg Horrigan in 1987 and is headquartered in Stamford, CT.

Innophos Holdings, Inc. Holding Companies | Cranbury, NJ

Innophos is a leading producer of specialty grade phosphate products for the Food, Pharmaceutical and Industrial market segments. Within these segments our products cover a broad range of applications including water, paper and metal treatment, agriculture, electronics, textiles, tablets, meat preservation and detergents. For example, specialty phosphates act as flavor enhancers in beverages, leavening agents in baked goods and cleaning agents in toothpaste. With over a century of experience, Innophos and its predecessor companies have pioneered the processes whereby complex phosphates are derived from organic phosphate rock. Our products are produced to the highest standards of quality and consistency with most of our global production facilities operating to ISO 9002 and GMP accreditation. We also hold a number of key patents governing the manufacture and use of phosphates and continue to develop new and innovative phosphate based products to address specific customer applications.

Dunkin' Brands Group, Inc. Restaurants | Canton, MA

Dunkin' Brands Group, Inc. operates as a franchisor of quick service restaurants, which engages in the service of hot and cold coffee, baked goods, and ice cream. It operates through the following segments: Dunkin' U.S., Dunkin' International, Baskin-Robbins International, Baskin-Robbins U.S., and U.S. Advertising Funds. The company was founded on November 22, 2005 and is headquartered in Canton, MA.

Competitors
Colgate-Palmolive Co. Personal Products - New York, New York

Colgate-Palmolive Co. is engaged in the manufacturing and distribution of consumer products. It operates through Oral, Personal and Home Care; and Pet Nutrition segments. The Oral, Personal and Home Care segment represents North America, Latin America, Europe, Asia Pacific, and Africa or Eurasia, all of which sell to a variety of retail and wholesale customers and distributors. The Pet Nutrition segment offers pet nutrition products for dogs and cats. The company was founded by William Colgate in 1806 and is headquartered in New York, NY.

Tyson Foods, Inc. Livestock & Animals - Springdale, AR

Tyson Foods, Inc. engages in the production of processed food. It operates through the following segments: Chicken, Beef, Pork, and Prepared Foods. The Chicken segment involves in domestic operations related to raising and processing live chickens into fresh, frozen, and value-added chicken products, as well as sales from allied products. The Beef segment includes operations related to processing live fed cattle and fabricating dressed beef carcasses into primal and sub-primal meat cuts and case-ready products. The Pork segment comprises operations related to processing live market hogs and fabricating pork carcasses into primal and sub-primal cuts and case-ready products. The Prepared Foods segment manufactures and markets frozen and refrigerated food products and logistic operations to move products through the supply chain. The company was founded by John W. Tyson in 1935 and is headquartered in Springdale, AR.

General Mills, Inc. Food - Minneapolis, MN

General Mills, Inc. engages in the manufacture and marketing of branded consumer foods sold through retail stores. It operates through the following segments: North America Retail; Convenience Stores and Foodservice; Europe and Australia; and Asia and Latin America; and Pet. The North America Retail segment reflects business with a variety of grocery stores, mass merchandisers, membership stores, natural food chains, drug, dollar and discount chains, and e-commerce grocery providers. The Convenience Stores and Foodservice segment consists of ready-to-eat cereals, snacks, refrigerated yogurt, frozen meals, unbaked and fully baked frozen dough products, and baking mixes. The Europe and Australia segment refers to the retail and foodservice businesses in the greater Europe and Australian region, which includes yogurt, meal kits, super-premium ice cream, refrigerated and frozen dough products, shelf stable vegetables, grain snacks, and dessert and baking mixes. The Asia and Latin America segment encompasses the retail and foodservice businesses in the greater Asia and South America regions, which consist of premium ice cream and frozen desserts, refrigerated and frozen dough products, dessert and baking mixes, meal kits, salty and grain snacks, wellness beverages, and refrigerated yogurt. The Pet segment represents the pet food products sold primarily in the United States in specialty channels, including national pet superstore chains, regional pet store chains, neighborhood pet stores, and farm and feed stores; e-commerce retailers; military outlets; hardware stores; veterinary clinics and hospitals; and grocery and mass merchandisers. The company was founded by Cadwallader C. Washburn in 1866 and is headquartered in Minneapolis, MN.

Awards & Honors
Rank #452
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
Rank #452
2016
Fortune Magazine - Fortune 500 Companies
Sponsored by Fortune Magazine
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