Romano Brothers AND Company Sells 194 Shares of The J. M. Smucker Company (NYSE:SJM)

Romano Brothers AND Company trimmed its position in The J. M. Smucker Company (NYSE:SJM) by 6.5% in the 4th quarter, HoldingsChannel reports. The fund owned 2,793 shares of the company’s stock after selling 194 shares during the quarter. Romano Brothers AND Company’s holdings in J. M. Smucker were worth $308,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of SJM. Venturi Wealth Management LLC increased its holdings in J. M. Smucker by 1,329.4% in the 3rd quarter. Venturi Wealth Management LLC now owns 243 shares of the company’s stock valued at $29,000 after acquiring an additional 226 shares during the last quarter. Kieckhefer Group LLC bought a new stake in shares of J. M. Smucker in the 4th quarter valued at approximately $33,000. Catalyst Capital Advisors LLC purchased a new position in J. M. Smucker during the third quarter worth $39,000. Quarry LP boosted its stake in shares of J. M. Smucker by 212.6% during the 2nd quarter. Quarry LP now owns 322 shares of the company’s stock worth $35,000 after purchasing an additional 219 shares during the period. Finally, Eastern Bank bought a new position in shares of J. M. Smucker during the third quarter valued at approximately $40,000. 81.66% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on SJM shares. Barclays cut their price target on J. M. Smucker from $126.00 to $123.00 and set an “equal weight” rating on the stock in a research note on Wednesday, December 4th. StockNews.com upgraded J. M. Smucker from a “sell” rating to a “hold” rating in a research note on Monday, September 30th. Stifel Nicolaus lowered J. M. Smucker from a “buy” rating to a “hold” rating and reduced their target price for the stock from $135.00 to $125.00 in a research note on Friday, October 25th. Wells Fargo & Company raised their price target on shares of J. M. Smucker from $130.00 to $135.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 27th. Finally, TD Cowen downgraded J. M. Smucker from a “buy” rating to a “hold” rating and lowered their target price for the stock from $130.00 to $121.00 in a research note on Wednesday, January 8th. One analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $127.33.

J. M. Smucker Stock Performance

NYSE:SJM opened at $102.16 on Monday. The J. M. Smucker Company has a fifty-two week low of $99.81 and a fifty-two week high of $134.62. The company has a quick ratio of 0.27, a current ratio of 0.58 and a debt-to-equity ratio of 0.89. The stock has a market cap of $10.87 billion, a PE ratio of 20.68, a price-to-earnings-growth ratio of 3.08 and a beta of 0.28. The firm’s fifty day simple moving average is $111.31 and its 200-day simple moving average is $115.46.

J. M. Smucker (NYSE:SJM) last released its quarterly earnings results on Tuesday, November 26th. The company reported $2.76 earnings per share for the quarter, topping analysts’ consensus estimates of $2.51 by $0.25. J. M. Smucker had a return on equity of 14.35% and a net margin of 5.96%. The company had revenue of $2.27 billion during the quarter, compared to analysts’ expectations of $2.27 billion. During the same period in the previous year, the firm posted $2.59 earnings per share. The business’s revenue for the quarter was up 17.2% compared to the same quarter last year. Analysts expect that The J. M. Smucker Company will post 9.89 earnings per share for the current fiscal year.

J. M. Smucker Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Friday, November 15th were issued a $1.08 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $4.32 annualized dividend and a yield of 4.23%. J. M. Smucker’s dividend payout ratio (DPR) is presently 87.45%.

Insiders Place Their Bets

In related news, CFO Tucker H. Marshall sold 994 shares of the stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $113.00, for a total transaction of $112,322.00. Following the transaction, the chief financial officer now directly owns 18,734 shares in the company, valued at approximately $2,116,942. This represents a 5.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 3.40% of the company’s stock.

About J. M. Smucker

The J. M. Smucker Company manufactures and markets branded food and beverage products worldwide. It operates in three segments: U.S. Retail Pet Foods, U.S. Retail Coffee, and U.S. Retail Consumer Foods. The company offers mainstream roast, ground, single serve, and premium coffee; peanut butter and specialty spreads; fruit spreads, toppings, and syrups; jelly products; nut mix products; shortening and oils; frozen sandwiches and snacks; pet food and pet snacks; and foodservice hot beverage, foodservice portion control, and flour products, as well as dog and cat food, frozen handheld products, juices and beverages, and baking mixes and ingredients.