Who owns jm smuckers

Smucker Co. See for yourself. Love Our Brands? Join the Family! See Open Positions. Innovation that Makes Life Better. Discover How. Brands You Love. Our Impact. FAQS Contact. This site requires JavaScript to function properly.

Moreover, J. Smucker holds royalty free licenses to sell Borden's condensed milk and Pillsbury cake mix. The Wal-Mart effect Wal-Mart currently operates 4, stores in the United States many of which sells food meaning it makes a huge financial impact on food manufacturers such as J. Smucker's sales came from Wal-Mart during fiscal year This means that Wal-Mart's purchasing policies can make a huge difference in J. Smucker's future.

It also means that J. Smucker's future depends on a relatively small number of retail chains. In other words, any Wal-Mart suffering will spill over onto J. Smucker and other companies will continue. Wal-Mart's market dominance will ensure sustainability of its financials which provides support for its current dividend yield of 2. Smucker family still influences the company According to the company's corporate website, J.

In addition at least four members of the Smucker family hold seats on the company's board and reside in management positions. The CEO of J. Smucker is Richard Smucker.

It's in the family members' best interest that the quality of the Smucker name remains intact. Their wealth stands to suffer just like J. Smucker's shareholders at large. Foolish takeaway J. Smucker's diverse product portfolio, licensing relationships, and long rich history serve as a qualitative recipe for superior long-term performance. However, Foolish investors may want to keep an eye on this company's eroding cash flow.

You may want to add these companies to your Motley Fool Watch List and perform deeper research to determine if their worthy of investment. Discounted offers are only available to new members. Stock Advisor will renew at the then current list price. In , Smucker and his son, Willard, began to travel across northeastern Ohio, selling their products. In , the J. Smucker Company officially formed and, in , began to produce additional jams and jellies besides just apple butter.

By , the J. Smucker Company's products were in great demand across the Midwest. Hoping to increase its market, that same year, the company expanded its operations, including opening a fruit-processing facility in the state of Washington. Smucker Company began to ship its products nationwide.