Recent updates about The JM Smucker Company (SJM) reveal a series of
divestitures, acquisitions and
strategic moves that point to a dynamic business climate.
Sumitomo Mitsui Trust Group Inc. and
Vest Financial LLC have increased their stakes, whereas other investment firms have reduced their holdings. The company has been actively
optimizing its portfolio through the divestiture of certain value brands, which include the popular
Voortman brand. Its
sweet baked snacks segment has also undergone changes. In terms of financial performance, SJM announced several
quarterly dividends and released results for different quarters in fiscal years 2024 and 2025, which include
record Uncrustables sales. Additionally, the company announced
cash tender offers and a
profit forecast due to resilient demand. Despite some price target cuts by various brokerage firms, analysts and popular TV personality
Jim Cramer remain
optimistic about the company. Moving forward, Smucker is expected to continue its growth strategy, including a bold $1B sales target for
Uncrustables and dominance in the coffee brand market.
The JM Smucker Company SJM News Analytics from Thu, 06 Jun 2024 07:00:00 GMT to Sat, 15 Feb 2025 20:46:29 GMT -
Rating 4
- Innovation 7
- Information 6
- Rumor -2
