Will Smuckers Stock Split

JM Smucker Q2 EPS $2.02 vs. 24, 2020 at 7:03 a.m. ET by Ciara Linnane J.M. Stock falls Monday, underperforms market. Smucker (SJM) has 0 splits in our J.M. Smucker stock split history database. Looking at the J.M. Smucker stock split history from start to finish, an original position size of 1000 shares would have turned into 1000 today.

Smucker Stock History

SPLIT-OFF: Procter & Gamble (PG) & The J. M. Smucker Co. (SJM)

Issue:

The Procter & Gamble Company [PG] made an exchange offer to their shareholders where a share of PG could be exchanged for 1.6342 shares of The J. M. Smucker Company [SJM]. The offer expired at midnight on 11/5/2008.

Cause:

This is a tax-free exchange. The new shares of SJM will have, in total, the same cost basis as the PG shares surrendered, and the holding period will include the holding period of the PG shares. You can find more information on this at the company's website at http://phx.corporate-ir.net/phoenix.zhtml?c=77952&p=folgers

This exchange offer is known as a 'split-off' (not a 'spin-off'), and, as such, requires some creative, work-around accounting in our Club Accounting software. It differs from a spin-off, in that shares of PG were actually exchanged for the SJM shares. In a spin-off, shares of the originating company remain constant. We will account for the transaction first by effecting a spin-off to record the SJM shares received, then recording a reverse stock split to reduce the PG shares to the actual number of shares retained after the exchange.

Resolution:

Let's assume a case where we owned 200 shares of PG at a total cost of $6,314.98, and we elected to exchange 50 of those shares for stock in SJM . Since the exchange ratio is 1.6342 shares of SJM for each share of PG, we would receive 81.7100 shares of SJM.

First, we will record a spin-off of 81.7100 shares of SJM. We will need to know the percentage of PG shares retained after the exchange. In our example, we had 200 shares, and exchanged 50 of them. Therefore, we had 150 left after the exchange. [150 divided by 200 = 75%, which we will call the Rem Basis]

Figure your Rem Basis:
A. Shares before exchange _______________________ [200 in our example]
B. Shares exchanged _______ [50 in our example]
C. Shares after exchange ___________ [150 in our example]
D. Rem Basis ______ (C) divided by (A) [75% in our example]

We will now go through the steps for entering this transaction in both CA3 and CAO.

CA3:

Go to Enter New Transaction.
* Enter 11/6/2008 as the date.
* Enter Spin off as the transaction type
* Select PG as the parent security.
* Click on the Remaining Basis Percentage button, and enter the figure in (D) above [75 in our example]
* If SJM does not appear as one of the Spinoff Securities, click on NEW SECURITY, and enter the data for SJM.
* When SJM appears in the Spinoff Securities window, enter the shares received, including the fractional portion [81.7100 in our example] and 39.75 for the price per share.
* Enter any cash received in lieu of fractional shares in the Cash Received window. Note- if you have not yet received this information from the broker, you can leave this amount blank, and later sell your fractional shares when you know the amount.
* Click on OK to complete the 'spin-off'

Now, we must reduce the number of our PG shares to the amount retained after the exchange, 150 in our example. To do this:


* Go to Enter New Transaction
* Enter date for the date.
* Enter Stock Split for Transaction Type.
* On the next screen, select PG for the security.
* For the Split Ration, enter (C) above in the first box, and (A), above in the second box [150 and 200,in our example].
* Do not enter anything for Cash Payment for Fractional Shares, and click OK.

CAO:

Go to Accounting>Securities>Spin Off


* Enter 11/6/2008 for the date.
* Select PG for the Parent Company
* Enter 1 for the number of daughter companies.
* Click on Continue.
* Click on the button for Remaining Basis Percentage.
* In the remaining basis box, enter the figure in (D) above [75 in our example]
* Enter SJM for the symbol of the new company. Will smuckers stock splits
* Enter the shares of SJM received, including fractional shares [81.7100 in our example].
* Enter 39.75 as the Price per share.
* Enter any cash received for fractional shares in the cash received box.
* Select the appropriate Account.
* Click on Submit

Now, we must reduce the number of our PG shares to the amount retained after the exchange, 150 in our example. To do this:
* Go to Accounting>Securities>Stock Split.
* Enter date for the date.
* Select PG for the symbol.
* Click Continue.
* Enter the amount in (C) above, for the Shares after split [150 in our example].
* Accept the ratio displayed on the screen, and click on Submit. [No need to enter Cash in Lieu or select bank account].
* Click on 'here' to continue.

Some very astute readers of this article might notice that the above method might not yield absolutely accurate results when more than one purchase was made for PG. In that case, in our example, the correct basis to be transferred to the shares of SJM would be the amount paid for the first 50 shares of PG purchased. It can't be helped. No club accounting software on the market has the ability to allocate specific lot amounts in a spin-off where multiple lots are involved. In the opinion of this writer, the chances of this treatment ever being challenged are nil.

Weaker technical forecast for JM Smucker Company (The) as stock downgraded to Sell Candidate. (Updated on December 10, 2020)


Sell candidate since 2020-12-10 PDF

Will Smuckers Stock Split Pea Soup

The JM Smucker Company (The) stock price fell by -1.85% on the last day (Thursday, 10th Dec 2020) from $118.06 to $115.87. During the day the stock fluctuated 2.49% from a day low at $115.86 to a day high of $118.74. The price has been going up and down for this period, and there has been a -1.81% loss for the last 2 weeks. Volume has increased on the last day by 321 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 1 million shares were bought and sold for approximately $130.44 million.

The stock lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 4.43% during the next 3 months and, with a 90% probability hold a price between $118.77 and $128.97 at the end of this 3-month period.

Signals & Forecast

There are few to no technical positive signals at the moment. The JM Smucker Company (The) stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $116.75 and $116.27. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, November 16, 2020, and so far it has fallen -3.53%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 months Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Special Signal Notification

Double Top Formation

A sell signal from a double top formation was found on Monday, November 16, 2020 and based on theory for this formation the price should fall by -10.39% to $103.83 within 24 trading days since signal was issued (Monday, December 21, 2020).

Support, Risk & Stop-loss

JM Smucker Company (The) finds support from accumulated volume at $114.40 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $2.88 between high and low, or 2.49%. For the last week the stock has had a daily average volatility of 1.81%. Office 2010 key viewer.

Our recommended stop-loss:We hold an negative evaluation for this stock. No stop-loss is set.

Is JM Smucker Company (The) stock A Buy?

The JM Smucker Company (The) stock holds several negative signals and despite the positive trend, we believe JM Smucker Company (The) will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy Candidate to a Sell Candidate candidate.

Current score:-1.113

Predicted Opening Price for JM Smucker Company (The) of Friday, December 11, 2020

Smucker's Stock Dividend

The predicted opening price is based on yesterday's movements between high, low, and the closing price.

Fair opening price December 11, 2020Current price
$116.82$115.87(Undervalued)

Will Smuckers Stock Splits

The last rating was given by Morgan Stanley on December 02, 2020. The price target was set to $106.00 - $107.00.Over the last 30 days, this security got 0 buy, 1 sell and 0 hold ratings.

Will Smuckers Stock Split Price

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Sjm Dividend Date

Support: $114.40
Price: $115.87
Resistance: $117.20