Analysts Downgrade: J M Smucker Co (SJM)

J M Smucker Co (NYSE:SJM) received a stock rating downgrade from Goldman on Apr-04-16. In a note to investors, the firm issued a Sell rating. The analysts previously had a Neutral rating on the stock.

Analysts have a consensus target price of $ 134.91 in the 12-month period. The price objective is 5.75% higher than the recent closing price of $ 127.57. The 52-week price range is $ 103.01 – 132.64 and the company has a market capitalization of $ 14.96B. Analysts covering the shares maintain a consensus Buy rating, according to Zacks Investment Research. zero analyst has rated the stock with a sell rating, 9 has assigned a hold rating, zero says it’s a buy, and 4 have assigned a strong buy rating to the company.

J M Smucker Co (SJM) on March 8, 2016 announced a series of key executive promotions following the recently announced executive leadership transitions designed to position the Company for continued growth and success.

The Company’s Board of Directors approved the following changes effective May 1, 2016:

• Jeannette L. Knudsen will assume the role of Senior Vice President, General Counsel and Secretary. Ms. Knudsen currently serves as Vice President, General Counsel and Corporate Secretary. Ms. Knudsen has been with the Company for 13 years.


• David J. Lemmon will assume the role of President, Canada and International. Mr. Lemmon is currently Vice President and Managing Director, Canada and International. Mr. Lemmon has been with the Company for 21 years.


• Jill R. Penrose will assume the role of Senior Vice President, Human Resources and Corporate Communications. Ms. Penrose is currently Vice President, Human Resources and Corporate Communications. Ms. Penrose has been with the Company for 11 years.


• Geoff E. Tanner will assume the role of Senior Vice President, Growth and Innovation. Mr. Tanner is currently Vice President, Growth and Innovation. Mr. Tanner has been with the Company since the 2015 acquisition of Big Heart Pet Brands where he held leadership roles for 11 years with Big Heart and Del Monte Foods, Inc.

The above executive leadership team members will report directly to Mark Smucker, newly appointed President and Chief Executive Officer, effective May 1, 2016. Also reporting to Mr. Smucker at that date will be Mark Belgya, Vice Chair and Chief Financial Officer; Steven Oakland, Vice Chair and President, U.S. Food and Beverage; Barry Dunaway, President, Pet Food and Pet Snacks; and Denny Armstrong, Senior Vice President, Supply Chain Logistics and Operations Support.

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