Investing.com -- Stifel analysts downgraded Kraft Heinz (NASDAQ:KHC) and J.M. Smucker (SJM) to Hold from Buy in a note this week, citing weak volume recovery and heightened reinvestment needs.

J.M. Smucker Co. agreed to sell its Voortman Cookies business to CapVest Partners-controlled Second Nature Brands for $305 million, as the US snack maker looks to focus on its core operations.

ORRVILLE, Ohio, Oct. 22, 2024 /CNW/ -- The J.M. Smucker Co. (NYSE: SJM) announced today it has entered into a definitive agreement to sell its Voortman® cookie brand to Second Nature Brands ...

J.M. Smucker will sell its Voortman cookie brand to Second Nature Brands, a U.S. maker of premium snacks, for $305 million in cash. The Uncrustables producer said the transaction includes its ...