Hsbc Holdings PLC decreased its holdings in shares of John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS – Free Report) by 44.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,267 shares of the company’s stock after selling 9,146 shares during the quarter. Hsbc Holdings PLC owned approximately 0.10% of John B. Sanfilippo & Son worth $925,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in JBSS. Strs Ohio acquired a new stake in shares of John B. Sanfilippo & Son during the 1st quarter worth about $579,000. Maxi Investments CY Ltd bought a new stake in shares of John B. Sanfilippo & Son during the 4th quarter worth about $1,134,000. Horizon Investments LLC acquired a new position in John B. Sanfilippo & Son in the 4th quarter valued at about $586,000. Gamco Investors INC. ET AL grew its stake in John B. Sanfilippo & Son by 19.1% in the 4th quarter. Gamco Investors INC. ET AL now owns 204,325 shares of the company’s stock valued at $14,425,000 after buying an additional 32,800 shares during the last quarter. Finally, Dean Capital Management raised its holdings in John B. Sanfilippo & Son by 33.2% in the 4th quarter. Dean Capital Management now owns 47,478 shares of the company’s stock valued at $3,352,000 after acquiring an additional 11,821 shares during the period. 70.64% of the stock is owned by institutional investors.
John B. Sanfilippo & Son Price Performance
Shares of NASDAQ JBSS opened at $84.36 on Thursday. The stock has a market capitalization of $986.17 million, a PE ratio of 14.80 and a beta of 0.32. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.30 and a quick ratio of 0.65. The business has a fifty day moving average price of $81.14 and a two-hundred day moving average price of $79.30. John B. Sanfilippo & Son, Inc. has a fifty-two week low of $59.07 and a fifty-two week high of $92.08.
John B. Sanfilippo & Son Announces Dividend
The company also recently disclosed a special dividend, which will be paid on Wednesday, September 9th. Investors of record on Monday, August 17th will be given a dividend of $1.05 per share. The ex-dividend date of this dividend is Monday, August 17th. John B. Sanfilippo & Son’s dividend payout ratio is currently 16.67%.
Analysts Set New Price Targets
Several equities research analysts have issued reports on the stock. Freedom Capital upgraded shares of John B. Sanfilippo & Son to a “hold” rating in a research report on Tuesday, June 30th. Wall Street Zen raised John B. Sanfilippo & Son from a “hold” rating to a “buy” rating in a research report on Saturday, July 25th. Finally, Weiss Ratings upgraded John B. Sanfilippo & Son from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, June 11th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $109.00.
Check Out Our Latest Research Report on John B. Sanfilippo & Son
About John B. Sanfilippo & Son
John B. Sanfilippo & Son, Inc is a family‐held processor and marketer of tree nuts and snack nut products. Headquartered in Elgin, Illinois, the company operates manufacturing facilities, processing plants and sales offices across the United States and abroad. It supplies a broad range of channels, including retail, foodservice, industrial and private‐label customers.
The company’s product portfolio spans in‐shell and shelled pecans, walnuts, almonds, cashews, pistachios and peanuts, as well as mixed‐nut blends, chocolate‐covered treats, granolas and specialty snack items.
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