J.M. Smucker Co has been in the spotlight with fluctuating stocks and key strategic actions. The company's
Q2 and
Q4 earnings surpassed expectations while sales fell short. Institutional shareholders hold a significant 83% control and have not been passive, with AMF Tjanstepension AB purchasing 190,429 shares and CHICAGO TRUST Co NA decreasing its stake. The company's CEO, Mark T. Smucker sold 10,000 shares. The company unveiled plans to invest in a
Sherbrooke Facility and reshuffled its management for growth. Acquisitions have been significant, notably the
Hostess Brands acquisition that boosted their portfolio and performance. However, some divestitures also occurred, like the sale of
Sahale Snacks and divestiture of Fermented Condiment Brands in Canada. There have been concerns about a 5.0% drop, one-year investor losses amounting to 26% and layoffs. On the positive side, the company announced a dividend hike and recently scored 100 on the Human Rights Campaign's 2024 Corporate Equality Index.
The JM Smucker Company SJM News Analytics from Mon, 11 Sep 2023 07:00:00 GMT to Sun, 30 Jun 2024 00:54:34 GMT -
Rating 2
- Innovation 5
- Information 6
- Rumor -5
