Principal Financial Group Inc. cut its stake in shares of John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS – Get Rating) by 2.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 62,618 shares of the company's stock after selling 1,894 shares during the quarter. Principal Financial Group Inc. owned about 0.54% of John B. Sanfilippo & Son worth $5,225,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Signaturefd LLC increased its holdings in shares of John B. Sanfilippo & Son by 190.1% during the first quarter. Signaturefd LLC now owns 673 shares of the company's stock valued at $56,000 after acquiring an additional 441 shares in the last quarter. Lazard Asset Management LLC increased its holdings in John B. Sanfilippo & Son by 19.9% in the 4th quarter. Lazard Asset Management LLC now owns 1,019 shares of the company's stock worth $91,000 after buying an additional 169 shares in the last quarter. SG Americas Securities LLC bought a new stake in John B. Sanfilippo & Son in the 1st quarter worth about $117,000. Parallel Advisors LLC increased its holdings in John B. Sanfilippo & Son by 26.5% in the 1st quarter. Parallel Advisors LLC now owns 1,635 shares of the company's stock worth $135,000 after buying an additional 342 shares in the last quarter. Finally, ProShare Advisors LLC bought a new stake in John B. Sanfilippo & Son in the 4th quarter worth about $200,000. 68.67% of the stock is currently owned by institutional investors.
Get John B. Sanfilippo & Son alerts:Analyst Ratings Changes
Separately, StockNews.com upgraded John B. Sanfilippo & Son from a "buy" rating to a "strong-buy" rating in a report on Friday.
John B. Sanfilippo & Son Price Performance
NASDAQ JBSS opened at $82.38 on Friday. John B. Sanfilippo & Son, Inc. has a one year low of $67.02 and a one year high of $92.10. The stock has a 50-day moving average of $73.76 and a 200 day moving average of $77.03. The company has a market capitalization of $949.51 million, a price-to-earnings ratio of 15.48 and a beta of 0.30. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.53 and a current ratio of 1.98.John B. Sanfilippo & Son Cuts Dividend
The company also recently announced an annual dividend, which will be paid on Wednesday, August 31st. Shareholders of record on Friday, August 12th will be given a $2.25 dividend. The ex-dividend date of this dividend is Thursday, August 11th. This represents a yield of 3%. John B. Sanfilippo & Son's payout ratio is 14.10%.
About John B. Sanfilippo & Son
(Get Rating)
John B. Sanfilippo & Son, Inc, through its subsidiary, JBSS Ventures, LLC, processes and distributes tree nuts and peanuts in the United States. The company offers raw and processed nuts, including almonds, pecans, peanuts, black walnuts, English walnuts, cashews, macadamia nuts, pistachios, pine nuts, Brazil nuts, and filberts in various styles and seasonings.
Further Reading
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