First Mercantile Trust Co. lessened its stake in shares of J & J Snack Foods Corp (NASDAQ:JJSF) by 13.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 711 shares of the company’s stock after selling 115 shares during the period. First Mercantile Trust Co.’s holdings in J & J Snack Foods were worth $103,000 at the end of the most recent reporting period.
Several other institutional investors also recently added to or reduced their stakes in the stock. Trexquant Investment LP raised its holdings in J & J Snack Foods by 27.3% during the third quarter. Trexquant Investment LP now owns 2,673 shares of the company’s stock worth $403,000 after buying an additional 574 shares during the last quarter. Vanguard Group Inc raised its holdings in J & J Snack Foods by 2.5% during the third quarter. Vanguard Group Inc now owns 1,681,160 shares of the company’s stock worth $253,670,000 after buying an additional 40,937 shares during the last quarter. Epoch Investment Partners Inc. raised its holdings in J & J Snack Foods by 9.3% during the third quarter. Epoch Investment Partners Inc. now owns 219,838 shares of the company’s stock worth $33,171,000 after buying an additional 18,692 shares during the last quarter. Macquarie Group Ltd. raised its holdings in J & J Snack Foods by 11.0% during the third quarter. Macquarie Group Ltd. now owns 757,131 shares of the company’s stock worth $114,243,000 after buying an additional 74,754 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in J & J Snack Foods by 0.7% during the second quarter. Bank of New York Mellon Corp now owns 223,220 shares of the company’s stock worth $34,035,000 after buying an additional 1,582 shares during the last quarter. Institutional investors own 75.18% of the company’s stock.
Several research firms have weighed in on JJSF. Zacks Investment Research downgraded shares of J & J Snack Foods from a “hold” rating to a “sell” rating in a report on Wednesday. BidaskClub upgraded shares of J & J Snack Foods from a “buy” rating to a “strong-buy” rating in a report on Friday, October 26th. Finally, Jefferies Financial Group restated a “hold” rating and set a $145.00 price target on shares of J & J Snack Foods in a research report on Thursday, January 31st. One research analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $145.00.
J & J Snack Foods (NASDAQ:JJSF) last posted its quarterly earnings results on Monday, January 28th. The company reported $0.88 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.88. The company had revenue of $271.60 million during the quarter, compared to analyst estimates of $271.75 million. J & J Snack Foods had a net margin of 7.41% and a return on equity of 10.95%. The firm’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.77 earnings per share. On average, equities analysts forecast that J & J Snack Foods Corp will post 4.88 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, April 4th. Investors of record on Thursday, March 14th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Wednesday, March 13th. This represents a $2.00 annualized dividend and a yield of 1.26%. J & J Snack Foods’s payout ratio is currently 49.26%.
In other news, insider Robert Joseph Pape sold 2,100 shares of the business’s stock in a transaction that occurred on Tuesday, November 20th. The shares were sold at an average price of $153.68, for a total value of $322,728.00. Following the completion of the sale, the insider now directly owns 12,281 shares in the company, valued at approximately $1,887,344.08. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Gerald B. Shreiber sold 2,435 shares of the business’s stock in a transaction that occurred on Wednesday, November 28th. The stock was sold at an average price of $156.29, for a total transaction of $380,566.15. Following the completion of the sale, the insider now owns 3,563,985 shares of the company’s stock, valued at $557,015,215.65. The disclosure for this sale can be found here. 21.00% of the stock is currently owned by corporate insiders.
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About J & J Snack Foods
J & J Snack Foods Corp. manufactures, markets, and distributes nutritional snack foods and beverages in the United States, Mexico, and Canada. It operates in three segments: Food Service, Retail Supermarkets, and Frozen Beverages. The company offers soft pretzels under the SUPERPRETZEL, PRETZEL FILLERS, PRETZELFILS, GOURMET TWISTS, MR.
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