Orrville, Ohio-based The J. M. Smucker Company (SJM) manufactures and markets branded food and beverage products. Valued at $13 billion by market cap, the company's principal products include peanut butter, shortening and oils, fruit spreads, canned milk, baking mixes and ready-to-spread frostings, flour and baking ingredients, juices and beverages, and more.
Shares of this leading consumer packaged goods company have underperformed the broader market considerably over the past year. SJM has declined 12.5% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 27%. In 2024, SJM stock is down 3.4%, while SPX is up 18.1% on a YTD basis.
