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

Romano Brothers AND Company raised its position in The J. M. Smucker Company (NYSE:SJM) by 3.5% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 2,987 shares of the company’s stock after purchasing 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 SEC filing.

Several other hedge funds have also recently modified their holdings of SJM. Studio Investment Management LLC purchased a new stake in shares of J. M. Smucker during the second quarter valued at approximately $26,000. Quarry LP increased its position in shares of J. M. Smucker by 212.6% during 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 last quarter. Eastern Bank bought a new stake in shares of J. M. Smucker during the 3rd quarter worth $40,000. Rothschild Investment LLC purchased a new position in shares of J. M. Smucker in the 2nd quarter worth about $42,000. Finally, Trivant Custom Portfolio Group LLC bought a new position in J. M. Smucker during the third quarter valued at about $42,000. Institutional investors own 81.66% of the company’s stock.

J. M. Smucker Price Performance

Shares of NYSE:SJM opened at $117.04 on Friday. The company has a 50 day moving average of $119.04 and a 200 day moving average of $115.59. 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 cap of $12.45 billion, a P/E ratio of 16.55, a P/E/G ratio of 3.12 and a beta of 0.24. The J. M. Smucker Company has a 12 month low of $105.69 and a 12 month high of $134.62.

J. M. Smucker (NYSE:SJM) last released its quarterly 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 firm had revenue of $2.13 billion during the quarter, compared to analyst estimates of $2.13 billion. J. M. Smucker had a net margin of 8.77% and a return on equity of 14.22%. The business’s revenue for the quarter was up 17.7% on a year-over-year basis. During the same period in the previous year, the business earned $2.21 EPS. As a group, sell-side analysts forecast that The J. M. Smucker Company will post 9.82 EPS for the current fiscal year.

J. M. Smucker Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be given a dividend of $1.08 per share. 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 presently 61.10%.

Analysts Set New Price Targets

SJM has been the topic of several research reports. BNP Paribas upgraded shares of J. M. Smucker to a “strong sell” rating in a research note on Thursday, August 29th. DA Davidson reiterated a “neutral” rating and issued a $121.00 price objective on shares of J. M. Smucker in a research note on Thursday, August 29th. Citigroup lowered their target price on J. M. Smucker from $138.00 to $136.00 and set a “buy” rating on the stock in a research note on Thursday, August 29th. StockNews.com upgraded J. M. Smucker from a “sell” rating to a “hold” rating in a research note on Monday, September 30th. Finally, Bank of America lowered their price objective on J. M. Smucker from $130.00 to $122.00 and set a “neutral” rating on the stock in a research note on Thursday, August 29th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price 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.