Key Takeaways SJM divested Cloverhill, Big Texas and others to concentrate on faster-growing core categories. The Hostess acquisition positions SJM to capture growth in indulgent and convenient snacking trends. SJM trades below the industry average on forward P/E, with earnings growth expected next fiscal year.The J. M. Smucker Company (SJM) has been on a strategic mission to reshape its brand portfolio, and recent developments suggest the company is doubling down on high-growth core categories like pet f ...