J.M. Smucker Co.'s stocks have been observed as underperforming in the market. Despite this, they recently boosted their dividend for the 22nd consecutive year. In terms of institutional activity, the Retirement Systems of Alabama have reported a $2.96 Million stake, and the company remains 83% owned by institutional shareholders. The company has also laid off nearly two dozen employees amid various board level changes. They announced their Q3 earnings, and they were above estimates with increased volumes. The company underperformed in the market following the announcement of acquisitions and disposals. The company's recent acquisition of Hostess Brands helps concentrate on convenient consumer occasions while adding more diversity to the portfolio. Shareholders have a return of 2.0% over the past five years and those who invested five years ago have increased by 42%. Earnings were good for the last quarter and expectations were topped with easing costs and higher prices. However, there are concerns about the company's high costs and risks associated with its debt.
The JM Smucker Company SJM News Analytics from Tue, 29 Aug 2023 07:00:00 GMT to Fri, 10 May 2024 11:04:41 GMT - Rating -2 - Innovation 6 - Information 8 - Rumor 2
