Romano Brothers AND Company Cuts Holdings in The J. M. Smucker Company (NYSE:SJM)

Romano Brothers AND Company decreased its stake in The J. M. Smucker Company (NYSE:SJM) by 6.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,164 shares of the company’s stock after selling 225 shares during the period. Romano Brothers AND Company’s holdings in J. M. Smucker were worth $400,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Eagle Bay Advisors LLC purchased a new stake in J. M. Smucker during the second quarter valued at about $27,000. Clear Street Markets LLC increased its position in shares of J. M. Smucker by 97.2% during the 1st quarter. Clear Street Markets LLC now owns 211 shares of the company’s stock valued at $33,000 after purchasing an additional 104 shares during the last quarter. Sunbelt Securities Inc. purchased a new position in shares of J. M. Smucker during the 1st quarter valued at about $33,000. Valley National Advisers Inc. lifted its position in J. M. Smucker by 2,266.7% in the 4th quarter. Valley National Advisers Inc. now owns 284 shares of the company’s stock worth $35,000 after buying an additional 272 shares during the last quarter. Finally, Householder Group Estate & Retirement Specialist LLC purchased a new stake in J. M. Smucker in the third quarter worth approximately $41,000. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Analysts Set New Price Targets

SJM has been the topic of several research reports. DA Davidson assumed coverage on shares of J. M. Smucker in a research note on Friday, March 1st. They set a “neutral” rating and a $132.00 price target on the stock. Stifel Nicolaus upgraded shares of J. M. Smucker from a “hold” rating to a “buy” rating and set a $135.00 price target for the company in a research report on Wednesday, February 28th. JPMorgan Chase & Co. lifted their price objective on J. M. Smucker from $126.00 to $128.00 and gave the stock a “neutral” rating in a report on Wednesday, February 28th. TD Cowen dropped their target price on J. M. Smucker from $150.00 to $140.00 and set a “buy” rating for the company in a report on Wednesday, April 10th. Finally, StockNews.com upgraded J. M. Smucker from a “sell” rating to a “hold” rating in a research report on Monday, April 8th. Nine equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $137.47.

Insider Transactions at J. M. Smucker

In other J. M. Smucker news, insider Jeannette L. Knudsen sold 3,200 shares of the firm’s stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $124.77, for a total transaction of $399,264.00. Following the completion of the sale, the insider now directly owns 8,946 shares in the company, valued at approximately $1,116,192.42. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 3.50% of the stock is owned by insiders.

J. M. Smucker Stock Down 2.2 %

Shares of J. M. Smucker stock opened at $109.61 on Monday. The J. M. Smucker Company has a 1 year low of $107.33 and a 1 year high of $159.92. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.78 and a quick ratio of 0.38. The company has a 50-day moving average of $123.00 and a 200 day moving average of $121.03. The firm has a market cap of $11.64 billion, a price-to-earnings ratio of -124.56, a PEG ratio of 1.75 and a beta of 0.21.

J. M. Smucker (NYSE:SJM) last released its earnings results on Tuesday, February 27th. The company reported $2.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.27 by $0.21. The firm had revenue of $2.23 billion during the quarter, compared to analyst estimates of $2.22 billion. J. M. Smucker had a negative net margin of 1.24% and a positive return on equity of 14.29%. The business’s revenue was up .6% on a year-over-year basis. During the same period last year, the business earned $2.21 earnings per share. As a group, sell-side analysts anticipate that The J. M. Smucker Company will post 9.6 earnings per share for the current fiscal year.

J. M. Smucker Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 16th were issued a dividend of $1.06 per share. The ex-dividend date was Thursday, February 15th. This represents a $4.24 annualized dividend and a dividend yield of 3.87%. J. M. Smucker’s payout ratio is presently -481.81%.

J. M. Smucker Company Profile

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.