The J.M. Smucker Co. has been in focus, with various updates related to its operations. The company declared a quarterly
dividend of $1.08, to be paid out in March 2025. Despite market struggles, notable figures such as
Jim Cramer continue to support the company.
Stifel Nicolaus has lowered its price target for Smucker to $120, displaying a potential downside. Additionally, Smucker announced pricing for its cash tender offers, while also announcing strong Q3 2025 earnings. Further,
Mutual Advisors LLC and BTS Asset Management have bought into Smucker, increasing their stock positions. Smucker has also announced agreements to divest from its Voortman® Brand. Moreover, the company has reported strong sales outlook due to resilient demand amidst rising prices, and launched a $300M strategic debt tender offer. Smucker's CEO highlighted the company's authentic heritage and evolving food empire. However, the company's full-year guidance cut and downgrade to hold by TD Cowen have raised some concerns.
The JM Smucker Company SJM News Analytics from Thu, 06 Jun 2024 07:00:00 GMT to Sat, 25 Jan 2025 16:22:51 GMT -
Rating 6
- Innovation -1
- Information 7
- Rumor 0
