Romano Brothers AND Company Has $362,000 Position in The J. M. Smucker Company (NYSE:SJM)

Romano Brothers AND Company increased its position in shares of The J. M. Smucker Company (NYSE:SJM) by 3.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,987 shares of the company’s stock after acquiring an additional 100 shares during the period. Romano Brothers AND Company’s holdings in J. M. Smucker were worth $362,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the company. International Assets Investment Management LLC raised its holdings in shares of J. M. Smucker by 4,996.0% during the 3rd quarter. International Assets Investment Management LLC now owns 207,202 shares of the company’s stock worth $25,092,000 after buying an additional 203,136 shares in the last quarter. Guidance Capital Inc. grew its position in J. M. Smucker by 4.5% in the third quarter. Guidance Capital Inc. now owns 7,824 shares of the company’s stock valued at $952,000 after acquiring an additional 336 shares during the last quarter. Greenleaf Trust raised its stake in J. M. Smucker by 15.0% during the third quarter. Greenleaf Trust now owns 6,063 shares of the company’s stock worth $734,000 after acquiring an additional 792 shares in the last quarter. Commerzbank Aktiengesellschaft FI lifted its holdings in shares of J. M. Smucker by 52.1% in the third quarter. Commerzbank Aktiengesellschaft FI now owns 47,861 shares of the company’s stock worth $5,796,000 after acquiring an additional 16,402 shares during the last quarter. Finally, Westhampton Capital LLC boosted its stake in shares of J. M. Smucker by 4.9% in the 3rd quarter. Westhampton Capital LLC now owns 6,451 shares of the company’s stock valued at $781,000 after purchasing an additional 300 shares in the last quarter. 81.66% of the stock is owned by institutional investors.

J. M. Smucker Trading Down 0.6 %

NYSE:SJM opened at $117.04 on Friday. The J. M. Smucker Company has a 12 month low of $105.69 and a 12 month high of $134.62. The company has a current ratio of 0.55, a quick ratio of 0.25 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $12.45 billion, a price-to-earnings ratio of 16.55, a PEG ratio of 3.12 and a beta of 0.24. The firm has a fifty day simple moving average of $119.04 and a two-hundred day simple moving average of $115.59.

J. M. Smucker (NYSE:SJM) last issued its earnings results on Wednesday, August 28th. The company reported $2.44 EPS for the quarter, beating analysts’ consensus estimates of $2.17 by $0.27. The business had revenue of $2.13 billion during the quarter, compared to analyst estimates of $2.13 billion. J. M. Smucker had a return on equity of 14.22% and a net margin of 8.77%. The firm’s revenue was up 17.7% compared to the same quarter last year. During the same period in the previous year, the company posted $2.21 EPS. Analysts expect that The J. M. Smucker Company will post 9.82 EPS for the current fiscal year.

J. M. Smucker Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be paid a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.69%. J. M. Smucker’s dividend payout ratio (DPR) is 61.10%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Barclays lowered their price target on shares of J. M. Smucker from $123.00 to $121.00 and set an “equal weight” rating for the company in a report on Friday, August 30th. Citigroup lowered their target price on J. M. Smucker from $138.00 to $136.00 and set a “buy” rating for the company in a report on Thursday, August 29th. DA Davidson reissued a “neutral” rating and set a $121.00 price target on shares of J. M. Smucker in a research note on Thursday, August 29th. TD Cowen lowered their price objective on J. M. Smucker from $135.00 to $132.00 and set a “buy” rating for the company in a research note on Thursday, August 29th. Finally, Bank of America cut their target price on shares of J. M. Smucker from $130.00 to $122.00 and set a “neutral” rating on the stock in a research report on Thursday, August 29th. One analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $127.25.

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.