The J.M. Smucker Company (SJM) has lately been subjected to investor scrutiny and several legal investigations, affecting perceptions about investing in the company. Nonetheless, the anticipated Q1 earnings report is expected to surpass estimates, hinting at positive performance. Recent developments within the company include the ascension of John Brase to President and COO, announced dividend increase, and continuance of portfolio optimisation through the divestment of certain value brands. SJM also shows commitment to consumer health with its plan to remove FD&C colors from food products. Other major moves include plans to close an Indianapolis manufacturing facility and the completion of divestiture to JTM Foods, LLC. While forecasting a cut in fiscal full-year guidance led to a dip in stock, Jefferies and Morgan Stanley adjusted SJM's price target favorably, indicating a positive future outlook for the stock, despite short term setbacks.
The JM Smucker Company SJM News Analytics from Wed, 28 Aug 2024 07:00:00 GMT to Sat, 23 Aug 2025 04:30:28 GMT - Rating 0 - Innovation -2 - Information 8 - Rumor -1
