J & J Snack Foods Corp (JJSF) Stake Lessened by Bank of New York Mellon Corp

Bank of New York Mellon Corp decreased its holdings in J & J Snack Foods Corp (NASDAQ:JJSF) by 2.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 223,082 shares of the company’s stock after selling 4,580 shares during the period. Bank of New York Mellon Corp owned approximately 1.19% of J & J Snack Foods worth $29,290,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Voya Investment Management LLC grew its position in J & J Snack Foods by 6.7% during the 2nd quarter. Voya Investment Management LLC now owns 7,640 shares of the company’s stock worth $1,009,000 after acquiring an additional 479 shares during the last quarter. Aberdeen Asset Management PLC UK grew its position in J & J Snack Foods by 21.3% during the 2nd quarter. Aberdeen Asset Management PLC UK now owns 274,425 shares of the company’s stock worth $36,244,000 after acquiring an additional 48,273 shares during the last quarter. Vanguard Group Inc. grew its position in J & J Snack Foods by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 1,526,892 shares of the company’s stock worth $201,656,000 after acquiring an additional 22,527 shares during the last quarter. Legato Capital Management LLC grew its position in J & J Snack Foods by 73.0% during the 3rd quarter. Legato Capital Management LLC now owns 5,711 shares of the company’s stock worth $750,000 after acquiring an additional 2,409 shares during the last quarter. Finally, Virginia Retirement Systems ET AL grew its position in J & J Snack Foods by 59.3% during the 2nd quarter. Virginia Retirement Systems ET AL now owns 12,900 shares of the company’s stock worth $1,704,000 after acquiring an additional 4,800 shares during the last quarter. Institutional investors own 70.21% of the company’s stock.

JJSF has been the topic of a number of research reports. Zacks Investment Research upgraded J & J Snack Foods from a “sell” rating to a “hold” rating in a research report on Wednesday, October 4th. Jefferies Group set a $125.00 price objective on J & J Snack Foods and gave the stock a “hold” rating in a research report on Sunday, October 29th.

Shares of J & J Snack Foods Corp (JJSF) opened at $148.37 on Monday. The firm has a market capitalization of $2,769.18, a price-to-earnings ratio of 35.33 and a beta of 0.81. J & J Snack Foods Corp has a 52-week low of $121.20 and a 52-week high of $154.02.

J & J Snack Foods (NASDAQ:JJSF) last issued its quarterly earnings data on Thursday, November 9th. The company reported $1.29 earnings per share for the quarter, topping analysts’ consensus estimates of $1.25 by $0.04. The business had revenue of $316.73 million for the quarter, compared to analyst estimates of $287.91 million. J & J Snack Foods had a return on equity of 11.91% and a net margin of 7.30%. J & J Snack Foods’s quarterly revenue was up 20.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.10 EPS. equities analysts forecast that J & J Snack Foods Corp will post 4.45 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 4th. Shareholders of record on Wednesday, December 13th will be issued a dividend of $0.45 per share. The ex-dividend date is Tuesday, December 12th. This is an increase from J & J Snack Foods’s previous quarterly dividend of $0.42. This represents a $1.80 annualized dividend and a yield of 1.21%. J & J Snack Foods’s payout ratio is presently 40.00%.

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J & J Snack Foods Company Profile

J & J Snack Foods Corp. is a manufacturer, marketer and distributor of a range of snack foods and beverages for the food service and retail supermarket industries. The Company operates in three business segments: Food Service, Retail Supermarkets and Frozen Beverages. Its portfolio of products includes soft pretzels, frozen beverages, frozen juice treats and desserts, stuffed sandwiches, burritos, churros, fruit pies, funnel cakes, cookies and bakery goods, and other snack foods and drinks.

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

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