Morgan Stanley resumed coverage on J.M. Smucker with a new price target
$SJM
Packaged Foods
Consumer Staples
Morgan Stanley resumed coverage of J.M. Smucker with a rating of Equal-Weight and set a new price target of $122.00
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| 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 |
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price, not including accrued and unpaid interest (the "Offer Cap"), of the Company's validly tendered (and not validly withdrawn) notes set forth below (the "Notes") using a "waterfall" methodology under which the Company will accept the Notes in order of their respective acceptance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cash tender offers (each, an "Offer" and collectively, the "Offers") for its validly tendered (and not validly withdrawn) notes set forth below (collectively, the "Notes").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 The following table summarizes certain information regarding the Notes that were validly tendered and not validly withdrawn in the Offers as of 5:00 p.m., New York City time, on December 16, 2024 (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
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
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
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8-K - J M SMUCKER Co (0000091419) (Filer)
8-K - J M SMUCKER Co (0000091419) (Filer)
10-Q - J M SMUCKER Co (0000091419) (Filer)
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
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