The J. M. Smucker Company manufactures and markets branded food and beverage products worldwide. It operates in four segments: U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International and Away From Home. The company offers mainstream roast, ground, single serve, and premium coffee; peanut butter and specialty spreads; fruit spreads, shortening and oils, and frozen sandwiches; pet food and pet snacks; and foodservice hot beverage, foodservice portion control, and flour products, as well as dog and cat food, frozen handheld products, juices and beverages, and baking ingredient. It provides its products under the Folgers, Café Bustelo, Dunkin' Donuts, 1850, Jif, Smucker's, Crisco, Smucker's Uncrustables, Meow Mix, Kibbles Ân Bits, 9Lives, Nature's Recipe, Milk-Bone, Pup-Peroni, Rachael Ray Nutrish, Natural Balance, Robin Hood, and Five Roses brands. The company sells its products through direct sales and brokers to food retailers and wholesalers, club stores, pet specialty stores, discount and dollar stores, drug stores, military commissaries, mass merchandisers, natural foods stores and distributors, and online retailers; and through retail channels, and foodservice distributors and operators. The J. M. Smucker Company was founded in 1897 and is headquartered in Orrville, Ohio.
IPO Year:
Exchange: NYSE
Website: jmsmucker.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/8/2025 | $121.00 | Buy → Hold | TD Cowen |
| 10/25/2024 | $135.00 → $125.00 | Buy → Hold | Stifel |
| 3/1/2024 | $132.00 | Neutral | DA Davidson |
| 2/28/2024 | $135.00 | Hold → Buy | Stifel |
| 2/1/2024 | $153.00 | Buy | Citigroup |
| 12/12/2023 | $140.00 | Overweight | Wells Fargo |
| 12/6/2023 | $122.00 | Equal-Weight | Morgan Stanley |
| 11/14/2023 | $123.00 → $119.00 | Underperform → Mkt Perform | Bernstein |
| 9/14/2023 | $170.00 → $145.00 | Buy → Neutral | BofA Securities |
| 9/13/2023 | $158.00 | Outperform | TD Cowen |
ORRVILLE, Ohio, Dec. 17, 2024 /PRNewswire/ -- The J. M. Smucker Company (the "Company") (NYSE:SJM) today announced the pricing terms for its previously announced cash tender offers (each, an "Offer" and collectively, the "Offers") to purchase up to $300 million aggregate purchase price, not including accrued and unpaid interest (the "Offer Cap"), of the Company's validly tendered (and not validly withdrawn) notes set forth below (the "Notes") using a "waterfall" methodology under which the Company will accept the Notes in order of their respective acceptance priority levels noted in the table below (the "Acceptance Priority Levels"). The Offers are being made pursuant to an Offer to Purchase
ORRVILLE, Ohio, Dec. 17, 2024 /PRNewswire/ -- The J. M. Smucker Company (the "Company") (NYSE:SJM) today announced the early results of its previously announced cash tender offers (each, an "Offer" and collectively, the "Offers") for its validly tendered (and not validly withdrawn) notes set forth below (collectively, the "Notes"). The Offers are being made pursuant to an Offer to Purchase, dated December 3, 2024 (the "Offer to Purchase"), which sets forth a description of the terms of the Offers. The following table summarizes certain information regarding the Notes that were validly tendered and not validly withdrawn in the Offers as of 5:00 p.m., New York City time, on December 16, 2024 (
ORRVILLE, Ohio, Dec. 12, 2024 /PRNewswire/ -- It's a new day in the world of snacking. Today Hostess®, the iconic maker of soft, fluffy sweet snacks for every occasion, has unveiled a new logo and packaging design as part of a refresh of the brand. The producer of beloved sweet snacks, including Hostess® Donettes®, Twinkies®, Cupcakes, Ding Dongs® and more, has modernized its look and feel to enhance appeal with new consumers while engaging current fans. The updated logo retains the trademark heart, reflecting that the brand's core values remain firmly intact, while offering a
ORRVILLE, Ohio, Dec. 10, 2024 /PRNewswire/ -- Today, The J.M. Smucker Co. (NYSE:SJM) will highlight how its strategic transformation and world-class capabilities have positioned the Company for long-term sustainable growth at its 2024 Investor Day. "Over the last several years, we have strategically transformed our business to more effectively meet the evolving needs of the consumer while consistently delivering against our long-term financial algorithm," said Chair of the Board, President and Chief Executive Officer, Mark Smucker. "We are delivering growth across our portfolio through our world-class marketing, commercial and manufacturing capabilities, and are focusing our resources on our
ORRVILLE, Ohio, Dec. 3, 2024 /PRNewswire/ -- The J. M. Smucker Company (the "Company") (NYSE:SJM) today announced that it has commenced cash tender offers (each, an "Offer" and collectively, the "Offers") for the maximum principal amount of validly tendered (and not validly withdrawn) notes set forth below (collectively, the "Notes"), such that the aggregate purchase price, not including accrued and unpaid interest, payable in respect of such Notes will not exceed $300 million. The Offers are being made pursuant to an Offer to Purchase, dated December 3, 2024 (the "Offer to Purchase"), which sets forth a description of the terms of the Offers. A summary of the Offers to purchase the Notes is
ORRVILLE, Ohio, Dec. 2, 2024 /PRNewswire/ -- The J.M. Smucker Co. (NYSE: SJM) ("Company") announced today the closing of the transaction to divest the Voortman® business to Second Nature Brands. The Company previously announced the signing of a definitive agreement for the transaction on October 22, 2024. The all-cash transaction is valued at approximately $305 million, subject to a working capital adjustment, and reflects the Company's continued commitment to optimizing its portfolio and reallocating resources to its core growth brands. The transaction includes all Voortman® trademarks and the Company's leased manufacturing facility in Burlington, Ontario, Canada. In addition, approximately
ORRVILLE, Ohio, Nov. 26, 2024 /PRNewswire/ -- The J.M. Smucker Co. (NYSE:SJM) today announced results for the second quarter ended October 31, 2024, of its 2025 fiscal year. Financial results for the second quarter of fiscal year 2025 reflect the divestiture of the Canada condiment business on January 2, 2024, acquisition of Hostess Brands, Inc. ("Hostess Brands") on November 7, 2023, and divestiture of the Sahale Snacks® business on November 1, 2023. All comparisons are to the second quarter of the prior fiscal year, unless otherwise noted. EXECUTIVE SUMMARY Net sales was $2.3 billion, an increase of $332.6 million, or 17 percent. Net sales excluding the acquisition, divestitures, and forei
ORRVILLE, Ohio, Nov. 7, 2024 /PRNewswire/ --The J.M. Smucker Co. (NYSE:SJM) today celebrated the opening of its newest manufacturing facility in McCalla, Alabama, which will support production of one of the Company's fastest growing brands, Uncrustables®. Company leadership, including Chair of the Board, President and CEO, Mark Smucker, along with local and state leadership, including Governor Kay Ivey, were in attendance for the grand opening event. The 900,000-square-foot manufacturing facility will increase the Company's current production capacity for its Uncrustables brand to help meet demand for the popular frozen sandwiches. "The opening of our new facility in McCalla furthers our com
ORRVILLE, Ohio, Nov. 5, 2024 /PRNewswire/ -- The J.M. Smucker Co. (NYSE:SJM) will release its second quarter fiscal 2025 financial results on Tuesday, November 26, 2024. A press release, including financial statements and segment information, supplemental materials, pre-recorded management remarks, and a transcript of the pre-recorded remarks will be available beginning at 7:00 a.m. Eastern Standard Time. The Company will webcast a live question and answer session with Mark Smucker, Chair of the Board, President and Chief Executive Officer, and Tucker Marshall, Chief Financial Officer, at 9:00 a.m. Eastern Standard Time on that date. The Company will host its 2024 Investor Day on Tuesday, De
ORRVILLE, Ohio, Oct. 24, 2024 /PRNewswire/ -- The J.M. Smucker Co. (NYSE:SJM) today announced its Board of Directors approved a $1.08 per share dividend on the common shares of the Company. The dividend will be paid on Monday, December 2, 2024, to shareholders of record at the close of business on Friday, November 15, 2024. About The J.M. Smucker Co. At The J.M. Smucker Co., it is our privilege to make food people and pets love by offering a diverse family of brands available across North America. We are proud to lead in the coffee, peanut butter, fruit spreads, frozen handheld, sweet baked goods, dog snacks, and cat food categories by offering brands consumers trust for themselves and their
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ORRVILLE, Ohio, Dec. 17, 2024 /PRNewswire/ -- The J. M. Smucker Company (the "Company") (NYSE:SJM) today announced the pricing terms for its previously announced cash tender offers (each, an "Offer" and collectively, the "Offers") to purchase up to $300 million aggregate purchase price, not including accrued and unpaid interest (the "Offer Cap"), of the Company's validly tendered (and not validly withdrawn) notes set forth below (the "Notes") using a "waterfall" methodology under which the Company will accept the Notes in order of their respective acceptance priority levels noted in the table below (the "Acceptance Priority Levels"). The Offers are being made pursuant to an Offer to Purchase
ORRVILLE, Ohio, Dec. 17, 2024 /PRNewswire/ -- The J. M. Smucker Company (the "Company") (NYSE:SJM) today announced the early results of its previously announced cash tender offers (each, an "Offer" and collectively, the "Offers") for its validly tendered (and not validly withdrawn) notes set forth below (collectively, the "Notes"). The Offers are being made pursuant to an Offer to Purchase, dated December 3, 2024 (the "Offer to Purchase"), which sets forth a description of the terms of the Offers. The following table summarizes certain information regarding the Notes that were validly tendered and not validly withdrawn in the Offers as of 5:00 p.m., New York City time, on December 16, 2024 (
ORRVILLE, Ohio, Dec. 10, 2024 /PRNewswire/ -- Today, The J.M. Smucker Co. (NYSE:SJM) will highlight how its strategic transformation and world-class capabilities have positioned the Company for long-term sustainable growth at its 2024 Investor Day. "Over the last several years, we have strategically transformed our business to more effectively meet the evolving needs of the consumer while consistently delivering against our long-term financial algorithm," said Chair of the Board, President and Chief Executive Officer, Mark Smucker. "We are delivering growth across our portfolio through our world-class marketing, commercial and manufacturing capabilities, and are focusing our resources on our
ORRVILLE, Ohio, Dec. 3, 2024 /PRNewswire/ -- The J. M. Smucker Company (the "Company") (NYSE:SJM) today announced that it has commenced cash tender offers (each, an "Offer" and collectively, the "Offers") for the maximum principal amount of validly tendered (and not validly withdrawn) notes set forth below (collectively, the "Notes"), such that the aggregate purchase price, not including accrued and unpaid interest, payable in respect of such Notes will not exceed $300 million. The Offers are being made pursuant to an Offer to Purchase, dated December 3, 2024 (the "Offer to Purchase"), which sets forth a description of the terms of the Offers. A summary of the Offers to purchase the Notes is
ORRVILLE, Ohio, Nov. 26, 2024 /PRNewswire/ -- The J.M. Smucker Co. (NYSE:SJM) today announced results for the second quarter ended October 31, 2024, of its 2025 fiscal year. Financial results for the second quarter of fiscal year 2025 reflect the divestiture of the Canada condiment business on January 2, 2024, acquisition of Hostess Brands, Inc. ("Hostess Brands") on November 7, 2023, and divestiture of the Sahale Snacks® business on November 1, 2023. All comparisons are to the second quarter of the prior fiscal year, unless otherwise noted. EXECUTIVE SUMMARY Net sales was $2.3 billion, an increase of $332.6 million, or 17 percent. Net sales excluding the acquisition, divestitures, and forei
ORRVILLE, Ohio, Nov. 5, 2024 /PRNewswire/ -- The J.M. Smucker Co. (NYSE:SJM) will release its second quarter fiscal 2025 financial results on Tuesday, November 26, 2024. A press release, including financial statements and segment information, supplemental materials, pre-recorded management remarks, and a transcript of the pre-recorded remarks will be available beginning at 7:00 a.m. Eastern Standard Time. The Company will webcast a live question and answer session with Mark Smucker, Chair of the Board, President and Chief Executive Officer, and Tucker Marshall, Chief Financial Officer, at 9:00 a.m. Eastern Standard Time on that date. The Company will host its 2024 Investor Day on Tuesday, De
ORRVILLE, Ohio, Oct. 24, 2024 /PRNewswire/ -- The J.M. Smucker Co. (NYSE:SJM) today announced its Board of Directors approved a $1.08 per share dividend on the common shares of the Company. The dividend will be paid on Monday, December 2, 2024, to shareholders of record at the close of business on Friday, November 15, 2024. About The J.M. Smucker Co. At The J.M. Smucker Co., it is our privilege to make food people and pets love by offering a diverse family of brands available across North America. We are proud to lead in the coffee, peanut butter, fruit spreads, frozen handheld, sweet baked goods, dog snacks, and cat food categories by offering brands consumers trust for themselves and their
ORRVILLE, Ohio, Aug. 28, 2024 /PRNewswire/ -- The J.M. Smucker Co. (NYSE:SJM) today announced results for the first quarter ended July 31, 2024, of its 2025 fiscal year. Financial results for the first quarter of fiscal year 2025 reflect the divestiture of the Canada condiment business on January 2, 2024, acquisition of Hostess Brands, Inc. ("Hostess Brands") on November 7, 2023, and divestiture of the Sahale Snacks® business on November 1, 2023. All comparisons are to the first quarter of the prior fiscal year, unless otherwise noted. EXECUTIVE SUMMARY Net sales was $2.1 billion, an increase of $319.9 million, or 18 percent. Net sales excluding the acquisition, divestitures, and foreign cur
ORRVILLE, Ohio, Aug. 7, 2024 /PRNewswire/ -- The J.M. Smucker Co. (NYSE:SJM) will release its first quarter fiscal 2025 financial results on Wednesday, August 28, 2024. A press release, including financial statements and segment information, supplemental materials, pre-recorded management remarks, and a transcript of the pre-recorded remarks will be available beginning at 7:00 a.m. Eastern Time. The Company will webcast a live question and answer session with Mark Smucker, Chair of the Board, President and Chief Executive Officer, and Tucker Marshall, Chief Financial Officer, at 9:00 a.m. Eastern Time on that date. The Company will participate in the 2024 Barclays Global Consumer Staples Con
ORRVILLE, Ohio, July 12, 2024 /PRNewswire/ -- The J.M. Smucker Co. (NYSE:SJM) today announced its Board of Directors approved an increase in the quarterly dividend from $1.06 to $1.08 per common share, an increase of two percent. The next dividend will be paid on Tuesday, September 3, 2024, to shareholders of record at the close of business on Friday, August 16, 2024. The Company remains committed to returning value to shareholders, as this represents the 23rd consecutive fiscal year of dividend growth. The J.M. Smucker Co. Forward-Looking Statement This press release contains a forward-looking statement about dividends. This statement is made on the basis of the Company's views and assumpti
ORRVILLE, Ohio, April 18, 2024 /PRNewswire/ -- The J.M. Smucker Co. (NYSE:SJM) today announced its Board of Directors approved a $1.06 per share dividend on the common shares of the Company. The dividend will be paid on Monday, June 3, 2024, to shareholders of record at the close of business on Friday, May 17, 2024. The Company also announced its Annual Meeting of Shareholders will be held on Wednesday, August 14, 2024, in a virtual-only meeting format. The meeting will be held at 11:00 a.m. Eastern Time. Shareholders of record at the close of business on Monday, June 17, 2024, will be eligible to join the webcast and vote by accessing the meeting from the Company's website: investors.jmsmuc
ORRVILLE, Ohio, Feb. 7, 2022 /PRNewswire/ -- The J.M. Smucker Co. (NYSE:SJM) announced today the appointment of Jonathan E. Johnson III to its Board of Directors, increasing its Board membership to 12. Johnson currently serves as CEO for online retailer Overstock.com, Inc., where he has held roles of increasing capacity since 2002, including director and president of Overstock's venture capital arm Medici Ventures. Prior to his leadership at Overstock, Johnson served as general counsel and CFO of software and services company TenFold Corporation. "Since his appointment to CEO in 2019, Jonathan has made notable improvements to Overstock's profitability and market share through a keen focus o
ORRVILLE, Ohio, Dec. 1, 2020 /PRNewswire/ -- The J.M. Smucker Co. (NYSE: SJM) announced today the closing of the transaction to sell its Crisco® oils and shortening business to B&G Foods, Inc. for $550 million, subject to a working capital adjustment. The Company previously announced the signing of a definitive agreement to divest its Crisco® business on October 26, 2020. The transaction encompasses oils and shortening products sold under the Crisco® brand primarily in the U.S. and Canada, certain trademarks and licensing agreements, dedicated manufacturing and warehouse facilities located in Cincinnati, Ohio, and approximately 160 employees who support the Crisco® business. The business
TD Cowen downgraded J.M. Smucker from Buy to Hold and set a new price target of $121.00
Stifel downgraded J.M. Smucker from Buy to Hold and set a new price target of $125.00 from $135.00 previously
DA Davidson initiated coverage of J.M. Smucker with a rating of Neutral and set a new price target of $132.00
Stifel upgraded J.M. Smucker from Hold to Buy and set a new price target of $135.00
Citigroup initiated coverage of J.M. Smucker with a rating of Buy and set a new price target of $153.00
Wells Fargo initiated coverage of J.M. Smucker with a rating of Overweight and set a new price target of $140.00
Morgan Stanley resumed coverage of J.M. Smucker with a rating of Equal-Weight and set a new price target of $122.00
Bernstein upgraded J.M. Smucker from Underperform to Mkt Perform and set a new price target of $119.00 from $123.00 previously
BofA Securities downgraded J.M. Smucker from Buy to Neutral and set a new price target of $145.00 from $170.00 previously
TD Cowen initiated coverage of J.M. Smucker with a rating of Outperform and set a new price target of $158.00