J. M. Smucker (SJM) Announces 6% Decrease in Coffee Prices
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Price: $124.32 +1.03%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 3.7%
EPS Growth %: +16.3%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 3.7%
EPS Growth %: +16.3%
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The J. M. Smucker Company (NYSE: SJM) announced today that it decreased the list price for the majority of its packaged coffee products sold in the United States, primarily consisting of items sold under the Folgers®, Dunkin' Donuts®, Millstone®, and Cafe Bustelo® brand names. Prices decreased an average of six percent on impacted items in response to sustained declines in green coffee costs.
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