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J.M. Smucker Co. (NYSE:SJM), a consumer goods company with a market capitalization of $11.9 billion, reported Monday that shareholders approved all proposals at its annual meeting held virtually on August 13. The company, known for its impressive 55-year streak of maintaining dividend payments, shared the information through a press release statement and a filing with the Securities and Exchange Commission. According to InvestingPro data, SJM has raised its dividend for 15 consecutive years, demonstrating strong shareholder commitment.
Nine directors were re-elected to the board for one-year terms expiring at the 2026 annual meeting. The directors elected are Mercedes Abramo, Tarang P. Amin, Susan E. Chapman-Hughes, Jay L. Henderson, Jonathan E. Johnson III, Kirk L. Perry, Mark T. Smucker, Jodi L. Taylor, and Dawn C. Willoughby. Each director received at least 72 million votes in favor, with the highest support received by Jonathan E. Johnson III at 77.7 million votes. These elections come at a crucial time as InvestingPro analysis indicates the company is expected to return to profitability this year, with four analysts recently revising their earnings estimates upward.
Shareholders also ratified the appointment of Ernst & Young LLP as the company’s independent registered public accounting firm for the fiscal year ending April 30, 2026. The proposal received 81,691,718 votes in favor, 7,941,255 votes against, and 271,229 abstentions.
In an advisory vote, shareholders approved the company’s executive compensation as disclosed in the 2025 proxy statement. The proposal received 73,039,845 votes in favor, 5,239,631 votes against, and 452,643 abstentions.
A total of 89,904,202 shares were represented at the meeting, constituting a quorum.
J.M. Smucker Co. is incorporated in Ohio and its common shares trade on the New York Stock Exchange under the symbol SJM. Investors tracking the company should note that SJM’s next earnings report is scheduled for August 27, 2025. For deeper insights into SJM’s financial health, valuation metrics, and expert analysis, comprehensive research is available through InvestingPro’s detailed company reports.
In other recent news, J.M. Smucker has announced a 2% increase in its quarterly dividend, raising it from $1.08 to $1.10 per share. This decision will benefit shareholders of record as of August 15, 2025. Wells Fargo (NYSE:WFC) has raised its price target for J.M. Smucker to $120, maintaining an Overweight rating, citing strong performance in the company’s coffee segment. RBC Capital has initiated coverage of J.M. Smucker with an Outperform rating and a price target of $130, suggesting a positive risk-to-reward profile. Additionally, J.M. Smucker plans to remove FD&C artificial colors from all its food products by the end of 2027, impacting its sugar-free fruit spreads and ice cream toppings. The company has also announced the planned retirement of Chief Marketing Officer Gail Hollander in April 2026. These developments reflect ongoing strategic changes within the company.
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