The J.M. Smucker Company (SJM) is currently under
investigation by several law firms, due to allegations of having
misled investors. Over a period of three months, this is the second time SJM has announced
impairments related to Hostess, triggering close scrutiny. In the aftermath of substantial impairment charges, SJM's stock plummeted
over 18%, raising further concerns among the investor community. Despite the turbulence, SJM remains a valuable addition to a dividend-oriented investment portfolio, being recognized as a
dividend powerhouse for income investors. Various changes have been implemented within the company's structure recently; Gail Hollander, their Chief Marketing Officer has announced plans for
retirement, while John Brase was named as the new
President and Chief Operating Officer. Additionally, SJM is suffering from operational setbacks such as the
closing of their Indianapolis facility and the shutting down of a major Hostess factory. In their pursuit for portfolio optimization, they recently completed the
divestiture of certain brands to JTM Foods and highlighted their transformed portfolio at their 2024 Investor Day.
The JM Smucker Company SJM News Analytics from Tue, 26 Nov 2024 08:00:00 GMT to Sat, 09 Aug 2025 16:01:00 GMT -
Rating -4
- Innovation -3
- Information 6
- Rumor -8
