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.
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.
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)
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