J M Smucker Co
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Consumer Staples : Food Products | Mid Cap Value
Company profile

The J. M. Smucker Company is engaged in manufacturing and marketing of food and beverage products. The Company's segments include U.S. Retail Pet Foods, U.S. Retail Coffee, and U.S. Retail Consumer Foods. The Company’s products include coffee, cat food, pet snacks, dog food, peanut butter, frozen handheld products, fruit spreads, portion control products, juices and beverages, as well as baking mixes and ingredients. The U.S. Retail Pet Foods segment includes Rachael Ray Nutrish, Meow Mix, Milk-Bone, 9Lives, Kibbles ’n Bits, Pup-Peroni, and Nature’s Recipe branded products. The U.S. Retail Coffee segment primarily includes the domestic sales of Folgers, Dunkin’, and Cafe Bustelo branded coffee. The U.S. Retail Consumer Foods segment primarily includes the domestic sales of Smucker’s and Jif branded products. Its distribution facilities are located across Pennsylvania, New York, Alabama, Washington, Kansas, Kentucky, Colorado, Tennessee, Louisiana, Ohio, California, Quebec and Virginia.

Price
Delayed
$138.62
Day's Change
-2.64 (-1.87%)
Bid
--
Ask
--
B/A Size
--
Day's High
141.09
Day's Low
138.49
Volume
(Light)

Today's volume of 185,556 shares is on pace to be much lighter than SJM's 10-day average volume of 781,119 shares.

185,556

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of The J. M. Smucker Company - SJM

4:50 pm ET July 18, 2022 (PR Newswire) Print

Pomerantz LLP is investigating claims on behalf of investors of The J. M. Smucker Company "Outset" or the "Company") (NYSE: SJM). Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980.

https://mma.prnewswire.com/media/1486339/Pomerantz_Logo.jpg

The investigation concerns whether Outset and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.

[Click here for information about joining the class action]

On or around May 20, 2022, Smucker's issued a voluntary recall of "select Jif(R) peanut butter products sold in the U.S. due to potential Salmonella contamination", affecting nearly 50 types of Jif peanut butter products sold in the United States.

On June 7, 2022, Smucker's disclosed that the recall is expected to cost the Company $125 million in fiscal year 2023.

On this news, the price of Smucker's stock fell $3.06 per share, or 2.35%, over the following two trading sessions, to close at $127.25 per share on June 9, 2022.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com

CONTACT:Robert S. WilloughbyPomerantz LLPrswilloughby@pomlaw.com888-476-6529 ext. 7980

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View original content to download multimedia:https://www.prnewswire.com/news-releases/shareholder-alert-pomerantz-law-firm-investigates-claims-on-behalf-of-investors-of-the-j-m-smucker-company---sjm-301588404.html

SOURCE Pomerantz LLP

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comtex tracking

COMTEX_410478148/1005/2022-07-18T16:50:08

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