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

Romano Brothers AND Company decreased its stake in shares of The J. M. Smucker Company (NYSE:SJM) by 6.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. 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 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Venturi Wealth Management LLC increased its holdings in J. M. Smucker by 1,329.4% during the third quarter. Venturi Wealth Management LLC now owns 243 shares of the company’s stock worth $29,000 after buying an additional 226 shares during the last quarter. Kieckhefer Group LLC acquired a new position in shares of J. M. Smucker during the 4th quarter worth about $33,000. Quarry LP raised its holdings in shares of J. M. Smucker by 212.6% in the 2nd quarter. Quarry LP now owns 322 shares of the company’s stock valued at $35,000 after purchasing an additional 219 shares during the period. Catalyst Capital Advisors LLC acquired a new stake in J. M. Smucker in the 3rd quarter valued at about $39,000. Finally, Eastern Bank bought a new position in J. M. Smucker during the third quarter worth about $40,000. Institutional investors own 81.66% of the company’s stock.

J. M. Smucker Stock Down 0.4 %

Shares of NYSE:SJM opened at $102.16 on Monday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.27 and a current ratio of 0.58. The J. M. Smucker Company has a 52-week low of $99.81 and a 52-week high of $134.62. The business’s 50 day simple moving average is $111.31 and its two-hundred day simple moving average is $115.46. The firm has a market cap of $10.87 billion, a P/E ratio of 20.68, a PEG ratio of 3.08 and a beta of 0.28.

J. M. Smucker (NYSE:SJM) last released its quarterly earnings data on Tuesday, November 26th. The company reported $2.76 earnings per share for the quarter, topping the consensus estimate of $2.51 by $0.25. J. M. Smucker had a net margin of 5.96% and a return on equity of 14.35%. The firm had revenue of $2.27 billion for the quarter, compared to the consensus estimate of $2.27 billion. During the same quarter in the prior year, the company posted $2.59 earnings per share. The business’s revenue was up 17.2% on a year-over-year basis. As a group, research analysts forecast that The J. M. Smucker Company will post 9.89 EPS for the current fiscal year.

J. M. Smucker Dividend Announcement

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

Wall Street Analysts Forecast Growth

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

Insider Activity

In other J. M. Smucker news, CFO Tucker H. Marshall sold 994 shares of the stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $113.00, for a total transaction of $112,322.00. Following the completion of the transaction, the chief financial officer now directly owns 18,734 shares of the company’s stock, valued at approximately $2,116,942. This represents a 5.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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.