$SJM

The J.M. Smucker Co. said Jif will undergo its first major brand refresh in over 30 years, unveiling a modernized logo and updated packaging on Aug. 10, 2026. Smucker aims to broaden Jif beyond PB&J, citing 85% brand recognition but 4% of snacking occasions. New names include Jif To Go to Jif Dippers; new packaging ships Oct. 2026.

Bank of America analysts said US packaged food price cuts over the past year did not lift sales volumes, leading companies to pursue different revenue strategies. The bank highlighted Mondelez (MDLZ) and J.M. Smucker, and discussed peers including Kraft Heinz, Hershey, Conagra, General Mills, McCormick, Campbell Soup, and PepsiCo’s Frito-Lay. It also linked a pricing-led shift to potential factory closures.

Jefferies maintained a Hold rating on Keurig Dr Pepper (KDP) and a Buy rating on J.M. Smucker (SJM), citing arabica coffee prices up about 30% since June. Jefferies said prices rebounded sharply in the past two months after an earlier expectation of a tailwind. An earthquake in Colombia disrupted a key export road, adding uncertainty.

TD Cowen said Big Food categories have held up versus external factors such as GLP-1 drugs, MAHA, and SNAP cuts, but companies are losing share to premium and private-label brands. It flagged Hershey (3.7% YTD vs 4.8% category), McCormick (0.2% vs 3.2%), and others, citing margin and share risks including Conagra’s pricing and Kraft Heinz’s weak categories.

Utz UTZ.N agreed to be taken private by Germany’s Intersnack Group, with Utz’s founding families, in a deal valued at nearly $3 billion, the first U.S. acquisition for Intersnack. The article cites other family-led snack deals including Ferrero’s purchases of WK Kellogg and Power Crunch, and Mars’s $36 billion take-private of Kellanova. It notes valuation multiples and potential targets.

Reuters reports that family-owned food companies are pursuing U.S. snack M&A. Utz agreed to be taken private by Germany’s Intersnack Group and Utz’s founding families in a deal valued at nearly $3 billion. Reuters also cites Ferrero’s buys of WK Kellogg and Power Crunch, and Mars’ $36 billion take-private of Kellanova. Valuation multiples and targets like BellRing and Simply Good Foods are discussed.

The J. M. Smucker Co. (SJM) is set to report Q1 2027 earnings on Aug. 26. Analysts expect diluted EPS of $2.18, up 14.7% from $1.90 a year earlier. For fiscal 2027, EPS is projected at $9.95. In Q4 2026, revenue was $2.3 billion and adjusted EPS was $2.77. Price target: $124.69.

J.M. Smucker Co. said Douglas Guilherme will start next week as senior vice president of operations and supply chain, reporting to Rob Ferguson. Smucker said Guilherme has over 30 years of supply chain experience, most recently at Hershey Co., and previously at Procter & Gamble and Ecolab.

JM Smucker appointed Douglas Guilherme as senior VP of operations and supply chain, effective 29 July. He will report to Rob Ferguson and support efforts to improve operational and supply chain performance. Guilherme previously led global supply chain at Hershey and held roles at Procter & Gamble and Ecolab. The move targets resilience and efficiency amid market volatility.

JM Smucker closed its $5.6bn Hostess Brands deal in Nov 2023. The company has recorded nearly $3bn in impairment charges and six straight quarters of sales declines in the Hostess division, citing distribution and merchandising issues. Activist Elliott gained board influence and Smucker removed the COO role. Smucker reported a 45% jump in segment profit in the latest quarter and expects slight sales decline in FY2027.