Geode Capital Management LLC Acquires 13,610 Shares of J & J Snack Foods Corp (JJSF)

Geode Capital Management LLC boosted its holdings in J & J Snack Foods Corp (NASDAQ:JJSF) by 8.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 171,253 shares of the company’s stock after buying an additional 13,610 shares during the quarter. Geode Capital Management LLC owned 0.91% of J & J Snack Foods worth $24,761,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Paradigm Asset Management Co. LLC increased its position in J & J Snack Foods by 25.0% during the third quarter. Paradigm Asset Management Co. LLC now owns 500 shares of the company’s stock worth $75,000 after acquiring an additional 100 shares during the period. Pearl River Capital LLC bought a new position in J & J Snack Foods during the fourth quarter worth about $72,000. PNC Financial Services Group Inc. increased its position in J & J Snack Foods by 63.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 578 shares of the company’s stock worth $84,000 after acquiring an additional 225 shares during the period. Oppenheimer Asset Management Inc. bought a new position in J & J Snack Foods during the fourth quarter worth about $125,000. Finally, Huntington National Bank increased its position in J & J Snack Foods by 46.6% during the fourth quarter. Huntington National Bank now owns 887 shares of the company’s stock worth $128,000 after acquiring an additional 282 shares during the period. Hedge funds and other institutional investors own 72.74% of the company’s stock.

Shares of JJSF traded down $0.92 during mid-day trading on Wednesday, reaching $155.48. The company had a trading volume of 60,575 shares, compared to its average volume of 75,510. J & J Snack Foods Corp has a 1-year low of $125.98 and a 1-year high of $162.84. The company has a market cap of $2.91 billion, a P/E ratio of 38.30, a PEG ratio of 3.20 and a beta of 0.49.

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 analysts’ consensus estimates of $0.88. J & J Snack Foods had a net margin of 7.41% and a return on equity of 10.95%. The company had revenue of $271.60 million for the quarter, compared to the consensus estimate of $271.75 million. During the same period last year, the company posted $0.77 EPS. The firm’s quarterly revenue was up 2.4% compared to the same quarter last year. On average, equities analysts predict that J & J Snack Foods Corp will post 4.88 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Thursday, March 14th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $2.00 annualized dividend and a yield of 1.29%. J & J Snack Foods’s dividend payout ratio is presently 49.26%.

JJSF has been the topic of several recent analyst reports. BidaskClub lowered shares of J & J Snack Foods from a “buy” rating to a “hold” rating in a report on Tuesday, January 29th. Jefferies Financial Group reissued a “hold” rating and issued a $145.00 target price on shares of J & J Snack Foods in a report on Thursday, January 31st. Finally, Zacks Investment Research raised shares of J & J Snack Foods from a “sell” rating to a “hold” rating in a report on Tuesday, January 15th.

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J & J Snack Foods Company Profile

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.

See Also: Initial Public Offering (IPO)

Institutional Ownership by Quarter for J & J Snack Foods (NASDAQ:JJSF)

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