J.M. Smucker is underrated because its brands, including Jif, Smucker's, Dunkin' packaged coffee, Milk-Bone, Meow Mix and fast-growing Uncrustables, are bought every week regardless of the economy. Coffee costs, supply-chain inflation and an underperforming Hostess deal hurt this year, but fiscal Q4 revenue rose 6% and adjusted EPS 20% to $2.77. It has raised its dividend 28 straight years, keeps the payout under 50% and still trades below its historical valuation. x.com 

McCormick looks cheap against its earnings, at 8x trailing and 15x next year's versus the 18x packaged-food makers usually get. At 18x next year's $3.30 a share, give or take 12%, fair value is $52.21-$66.44 versus $48.20. The case leans on the forecast, with forward earnings 45% above trailing. A pullback zone sits at $36.25 and the stock would be expensive above $82.40. This is a levels-only read off reported earnings and revenue estimates, with no fundamental work. x.com