Westwood Holdings Group Inc. and
Price T Rowe Associates Inc. MD significantly increased their stocks in
The J. M. Smucker Company (SJM). Although SJM’s stock performance occasionally fluctuated, it generally outperformed the market. SJM rewarded investors with an increase in dividends. Entities such as the
Public Employees Retirement Association of Colorado,
Acadian Asset Management LLC, and
LSV Asset Management sold their SJM shares. However, new investments were made by corporations including
Swedbank AB,
Dynasty Wealth Management LLC, and
Sei Investments Co. SJM also announced fourth quarter results for fiscal year 2024 indicating increased volumes due to acquisition of
Hostess Brands. Even as the company’s one-year losses increased to 5.0%, it's considered a high quality stock based on its
ROE. SJM made structural changes by forming a new strategic business area and altering its leadership team. Concerns were raised over SJM’s debt and potential indirect risks. The company acquired
Hostess Brands and divested certain fermented condiment brands in Canada. Significant shares were also bought by
Westwood Holdings Group Inc. and
Diversified Trust Co, while other companies reduced their SJM holdings.
SJM announced a quarterly dividend of $1.08 per share and reported Q4 earnings beat. The company also completed the divestiture of Sahale Snacks® Brand to Second Nature Brands.
The JM Smucker Company SJM News Analytics from Mon, 11 Sep 2023 07:00:00 GMT to Sun, 04 Aug 2024 18:08:49 GMT -
Rating 5
- Innovation 4
- Information 7
- Rumor 6
