The J.M. Smucker Company (SJM) has experienced considerable changes over the recent period. The company has witnessed a 16% decline in share price last year, but recent gains may appeal to institutional owners. Despite market fluctuations, Q2 witnessed strong Uncrustables sales, driving SJM to raise its annual profit forecast due to the resilient demand and higher prices. SJM has recently divested its Voortman brand as part of its portfolio optimization, in a deal with Second Nature Brands for $305M, which aligns with their overall strategy of focusing on core areas like coffee and snacks. The company has maintained its reputation as one of the most attractive and consistent dividend stocks. Key investor events like Q2 results and the 2024 Investor Day were announced, which could provide strategic insights into the company's plans. Bernstein and Jefferies have adjusted SJM's price target due to increased coffee costs. It is important to note that SJM's CEO continues to receive support from notable influencers like Jim Cramer despite the recent market challenges. Finally, the company also celebrated the opening of a new Uncrustables manufacturing facility, indicating their commitment to growth.
The JM Smucker Company SJM News Analytics from Mon, 25 Mar 2024 07:00:00 GMT to Thu, 20 Feb 2025 19:13:52 GMT -
Rating 3
- Innovation 4
- Information 8
- Rumor 1
