J. M. Smucker Co. Stock Hits Day High with 8.82% Surge

The J. M. Smucker Co. has experienced a significant uptick in its stock performance today, gaining 8.82% and reaching an intraday high of USD 119.20. This surge stands in contrast to the S&P 500, which recorded a modest gain of 0.69% for the day. Over the past week, Smucker's stock has risen by 5.87%, and it has shown a robust 11.86% increase over the last month, indicating a positive short-term trend. Despite these gains, the company has faced challenges in long-term growth, with operating profit increasing at an annual rate of just 0.95% over the past five years. The stock has underperformed against the S&P 500 over the last three years, with a return of -21.94% compared to the benchmark's 69.39%. The J. M. Smucker Co. operates within the FMCG sector and has a market capitalization of approximately USD 15.98 billion. The company maintains a high institutional ownership rate of 98.51%, reflecting confidence from larger investors. However, its return on capital employed stands at a low 10.12%, highlighting concerns regarding profitability relative to capital employed.