The J.M. Smucker Co. has announced various moves including declaring a
dividend of $1.08 per share for December and diversifying for more
growth and
profitability. There's the ongoing concern about
input cost inflation leading to downgrades for the Company. The firm decided to
divest its Voortman Cookies brand to
CapVest, a buyout firm, for $305 million. Despite this sale and the declaration of a larger
dividend, the company's stock has been underperforming in the market. Still,
Raymond James & Associates, Commerzbank Aktiengesellschaft FI, and other firms have been acquiring shares of the firm. The company is
largely controlled by institutional shareholders, holding about 83% of the company. The company has also seen earnings growth over the past five years that's better than stock performance. The company has
cut its full-year outlook, due to inflation impacting consumer discretionary spending. Smucker's CEO iterates the company's ongoing evolution, remaining optimistic about the future.
The JM Smucker Company SJM News Analytics from Tue, 07 Nov 2023 08:00:00 GMT to Fri, 25 Oct 2024 15:20:59 GMT -
Rating -3
- Innovation 2
- Information 8
- Rumor -4