Russell Investments Group Ltd. Cuts Holdings in J&J Snack Foods Corp. (NASDAQ:JJSF)

Russell Investments Group Ltd. cut its position in shares of J&J Snack Foods Corp. (NASDAQ:JJSFFree Report) by 18.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 77,087 shares of the company’s stock after selling 17,894 shares during the period. Russell Investments Group Ltd. owned approximately 0.40% of J&J Snack Foods worth $12,884,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Illinois Municipal Retirement Fund grew its holdings in shares of J&J Snack Foods by 3.2% in the fourth quarter. Illinois Municipal Retirement Fund now owns 8,511 shares of the company’s stock valued at $1,423,000 after purchasing an additional 267 shares in the last quarter. Louisiana State Employees Retirement System purchased a new position in shares of J&J Snack Foods in the 4th quarter worth $1,287,000. Costello Asset Management INC increased its holdings in shares of J&J Snack Foods by 14.9% in the 4th quarter. Costello Asset Management INC now owns 2,123 shares of the company’s stock worth $355,000 after buying an additional 275 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in shares of J&J Snack Foods during the 4th quarter valued at about $196,000. Finally, DAVENPORT & Co LLC lifted its holdings in shares of J&J Snack Foods by 4.9% in the 4th quarter. DAVENPORT & Co LLC now owns 194,357 shares of the company’s stock valued at $32,741,000 after acquiring an additional 9,094 shares during the last quarter. Hedge funds and other institutional investors own 76.04% of the company’s stock.

J&J Snack Foods Trading Up 0.5 %

Shares of NASDAQ JJSF opened at $138.24 on Friday. J&J Snack Foods Corp. has a 1-year low of $133.23 and a 1-year high of $177.71. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.40 and a quick ratio of 1.36. The business’s 50 day moving average is $140.36 and its two-hundred day moving average is $153.57. The stock has a market capitalization of $2.68 billion, a P/E ratio of 33.64 and a beta of 0.54.

J&J Snack Foods (NASDAQ:JJSFGet Free Report) last released its quarterly earnings results on Monday, February 5th. The company reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.35). The company had revenue of $348.31 million for the quarter, compared to analysts’ expectations of $363.54 million. J&J Snack Foods had a net margin of 5.11% and a return on equity of 9.98%. As a group, research analysts expect that J&J Snack Foods Corp. will post 5.06 EPS for the current year.

J&J Snack Foods Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 9th. Investors of record on Tuesday, March 19th were paid a dividend of $0.735 per share. The ex-dividend date of this dividend was Monday, March 18th. This represents a $2.94 dividend on an annualized basis and a dividend yield of 2.13%. J&J Snack Foods’s dividend payout ratio is presently 71.53%.

Insider Activity at J&J Snack Foods

In other news, Director Marjorie Shreiber Roshkoff sold 625 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $147.73, for a total transaction of $92,331.25. Following the transaction, the director now owns 69,459 shares of the company’s stock, valued at $10,261,178.07. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 22.20% of the stock is currently owned by insiders.

J&J Snack Foods Company Profile

(Free Report)

J&J Snack Foods Corp. manufactures, markets, and distributes nutritional snack foods and beverages to the food service and retail supermarket industries in the United States, Mexico, and Canada. It operates through three segments: Food Service, Retail Supermarkets, and Frozen Beverages. It offers soft pretzels under the SUPERPRETZEL, SUPERPRETZEL BAVARIAN, NEW YORK PRETZEL, BAVARIAN BAKERY, and BRAUHAUS brands, as well as under the private labels; frozen novelty under the DIPPIN'DOTS, LUIGI'S, WHOLE FRUIT, DOGSTERS, PHILLY SWIRL, ICEE, and MINUTE MAID brands; churros under the HOLA! and CALIFORNIA CHURROS brands; and handheld products under the SUPREME STUFFERS and SWEET STUFFERS brands.

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

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