Latest news with #JMSmucker
Yahoo
2 days ago
- Business
- Yahoo
Smucker's Makes Final Decision on Controversial Ingredient
We're moving away from synthetic dyes in food. J.M Smucker Company announced that they will be removing FD&C colors from "all consumer food products by the end of calendar year 2027." The FD&C Act was enacted by the Food and Drug Administration in 1938 by President Franklin D. Roosevelt. It's designed to remove unnecessary color additives in food by implementing safety guidelines (such as understanding which types of foods synthetic colors can be used in, setting maximum amounts, and determining how it should be declared on the food label). Smucker's said that this ingredient change will impact its "sugar-free fruit spreads and ice cream toppings, as well as certain products from its Hostess brand portfolio." Twinkies and Snoballs snack cakes, for example, are made with Red 40. The company added that most of their consumer foods are already free of FD&C colors, including the majority of the products available in kindergarten-to-12th grade schools."Throughout our 128-year history, we have successfully evolved our portfolio and product offerings based on shifts in consumer preferences," CEO Mark Smucker said in the statement. "Our commitment to remove FD&C colors from our sugar-free fruit spreads, ice cream toppings, and sweet baked goods products represents the latest example of our desire to evolve and our ability to continue to innovate to deliver on the expectations of our consumers." RELATED: J.M. Smucker is joined by Nestlé USA and Kraft Heinz in the effort to remove artificial dyes from their United States products. Kraft Heinz put out a press release on June 17, stating that they will be abiding by the FD&C colors "effective immediately." The company has already been making steps towards this initiative after removing artificial colors, preservatives, and flavors from Kraft Mac & Cheese in 2016. In the same vein, Nestlé announced last week that they will remove synthetic colors in its food and beverage portfolio by Makes Final Decision on Controversial Ingredient first appeared on Men's Journal on Jun 30, 2025
Yahoo
3 days ago
- Business
- Yahoo
Morgan Stanley Trims JM Smucker (SJM) Price Target, Maintains Overweight Rating
The J.M. Smucker Company (NYSE:SJM) is one of 10 consumer defensive stocks to buy now. Morgan Stanley revised its outlook on The J.M. Smucker Company (NYSE:SJM) following the company's fiscal fourth-quarter earnings, lowering the price target to $115 from $124 while maintaining an Overweight rating. The move comes after the company posted quarterly results and issued guidance that fell short of analysts' expectations, prompting concerns about profitability in several key segments. A wholesaler distributing peanut butter, fruit spreads and specialty spreads to a retailer. The firm highlighted a combination of challenges contributing to a projected low-double-digit decline in FY26 earnings. These include weaker-than-expected performance in its coffee division, added pressure from tariffs, and elevated marketing expenditures. Ongoing underperformance from the Hostess acquisition further weighed on the forward outlook. Despite the disappointing guidance, Morgan Stanley analysts noted the company's forecast appears conservative in several areas. They added that J.M. Smucker's valuation remains at the lower end of its peer group in the packaged food space, particularly among center-store staples. The Overweight rating suggests Morgan Stanley continues to see longer-term potential in the stock, underpinned by cost discipline, category resilience, and brand equity across its core offerings. However, the path forward will require improved execution, particularly in coffee and snacking, and a clearer rebound in earnings momentum. While we acknowledge the potential of SJM to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than SJM and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: and 10 Best Wide Moat Dividend Stocks to Invest in. Disclosure: None. Sign in to access your portfolio
Yahoo
4 days ago
- Business
- Yahoo
Morgan Stanley Trims JM Smucker (SJM) Price Target, Maintains Overweight Rating
The J.M. Smucker Company (NYSE:SJM) is one of 10 consumer defensive stocks to buy now. Morgan Stanley revised its outlook on The J.M. Smucker Company (NYSE:SJM) following the company's fiscal fourth-quarter earnings, lowering the price target to $115 from $124 while maintaining an Overweight rating. The move comes after the company posted quarterly results and issued guidance that fell short of analysts' expectations, prompting concerns about profitability in several key segments. A wholesaler distributing peanut butter, fruit spreads and specialty spreads to a retailer. The firm highlighted a combination of challenges contributing to a projected low-double-digit decline in FY26 earnings. These include weaker-than-expected performance in its coffee division, added pressure from tariffs, and elevated marketing expenditures. Ongoing underperformance from the Hostess acquisition further weighed on the forward outlook. Despite the disappointing guidance, Morgan Stanley analysts noted the company's forecast appears conservative in several areas. They added that J.M. Smucker's valuation remains at the lower end of its peer group in the packaged food space, particularly among center-store staples. The Overweight rating suggests Morgan Stanley continues to see longer-term potential in the stock, underpinned by cost discipline, category resilience, and brand equity across its core offerings. However, the path forward will require improved execution, particularly in coffee and snacking, and a clearer rebound in earnings momentum. While we acknowledge the potential of SJM to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than SJM and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: and 10 Best Wide Moat Dividend Stocks to Invest in. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
4 days ago
- Business
- Yahoo
Jim Cramer Calls J. M. Smucker's Recent Quarterly Report 'Horrendous'
The J. M. Smucker Company (NYSE:SJM) is one of the 13 stocks Jim Cramer recently shed light on. During the episode, Cramer discussed the impact of the company's acquisition of Hostess Brands. He said: 'Meanwhile, usually strong stocks like Colgate or Procter & Gamble, they can't get traction at all. Hey, two weeks ago, we got this quarterly report from J.M. Smucker. With a name like Smucker, it was horrendous, hurt by its ill-fated decision to buy Hostess Brands, the parent of Twinkies, right on the eve of the GLP-1. I am told that people who take GLP-1 are repulsed… by HoHos. They hate HoHos.' A wholesaler distributing peanut butter, fruit spreads and specialty spreads to a retailer. J. M. Smucker (NYSE:SJM) produces a wide variety of branded food, beverage, and pet products, including coffee, spreads, baked goods, snacks, and pet food. The company's offerings are sold under well-known names like Folgers, Café Bustelo, Dunkin', Jif, Smucker's, and Smucker's Uncrustables, among others, through retail, online, and foodservice channels. Additionally, Cramer discussed the company on June 10 and said: 'But let's look at the other way. Let's talk about what old folks were interested in. There's a company called J.M. Smucker. It makes coffee jams and pet food, Uncrustables, Twinkies. It's covered by 15 different firms… It's real. We've all bought their stuff. Two years ago, right at the time that the GLP-1 drugs came of age and we went nuts for the weight loss shots, J.M. Smucker didn't seem to notice. They ran into the fire, they bought Hostess, that's right, Hostess, maker of Twinkies, for $5.6 billion in November of 2023. Today, they took a $980 million impairment charge for that transaction. I doubt that'll be the last one, as Twinkies and Ho Hos may not turn very well. Let's just say they're going nowhere. They also took a big hit from tariffs and higher coffee costs. Smucker's talking about a 20% boost in coffee prices. That's not going to help demand. In the wake of the news, the stock plunged more than 15%. Nearly every analyst who covers it had tough things to say about the business, all major firms.' While we acknowledge the potential of SJM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data


Washington Post
5 days ago
- Business
- Washington Post
J.M. Smucker plans to remove artificial colors from its jams and other products by the end of 2027
J.M. Smucker Co. plans to remove artificial colors from its products by the end of 2027. Orrville, Ohio-based Smucker said Thursday it will also remove synthetic dyes from foods sold to K-12 schools by the 2026-2027 school year. Smucker said the majority of its products – including its Uncrustables sandwiches – are already free of synthetic dyes. But some products still have them, including sugar-free jams and ice cream toppings.