 J.M. Smucker Co SJM, -1.45 said Tuesday its first-quarter profit fell 29 to 109.8 million, or 1.03 a share, from 153.9 million, or 1.42 a share, in the year-ago quarter. The jelly makers adjusted profit fell 12 to 1.67 a share as the company absorbed the impact of its Jif peanut butter product recall. 