Bank of America Corp DE trimmed its holdings in J & J Snack Foods Corp (NASDAQ:JJSF) by 7.5% during the second quarter, Holdings Channel reports. The fund owned 59,349 shares of the company’s stock after selling 4,807 shares during the period. Bank of America Corp DE’s holdings in J & J Snack Foods were worth $9,049,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. BlackRock Inc. grew its stake in J & J Snack Foods by 7.5% in the 2nd quarter. BlackRock Inc. now owns 2,046,734 shares of the company’s stock valued at $312,066,000 after acquiring an additional 143,652 shares during the last quarter. Janus Henderson Group PLC grew its stake in J & J Snack Foods by 16.8% in the 2nd quarter. Janus Henderson Group PLC now owns 291,753 shares of the company’s stock valued at $44,484,000 after acquiring an additional 41,965 shares during the last quarter. Bank of New York Mellon Corp grew its stake in J & J Snack Foods by 0.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 223,220 shares of the company’s stock valued at $34,035,000 after acquiring an additional 1,582 shares during the last quarter. Epoch Investment Partners Inc. acquired a new stake in J & J Snack Foods in the 2nd quarter valued at about $30,669,000. Finally, Principal Financial Group Inc. grew its stake in J & J Snack Foods by 2.4% in the 1st quarter. Principal Financial Group Inc. now owns 116,946 shares of the company’s stock valued at $15,970,000 after acquiring an additional 2,714 shares during the last quarter. 69.70% of the stock is currently owned by hedge funds and other institutional investors.

In other J & J Snack Foods news, SVP Dennis G. Moore sold 5,250 shares of the firm’s stock in a transaction dated Tuesday, August 14th. The shares were sold at an average price of $145.14, for a total transaction of $761,985.00. Following the sale, the senior vice president now directly owns 80,877 shares of the company’s stock, valued at approximately $11,738,487.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 21.00% of the stock is owned by company insiders.

JJSF has been the topic of a number of research reports. BidaskClub cut shares of J & J Snack Foods from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 26th. ValuEngine raised shares of J & J Snack Foods from a “hold” rating to a “buy” rating in a research note on Tuesday, June 26th. Finally, Zacks Investment Research raised shares of J & J Snack Foods from a “sell” rating to a “hold” rating in a research note on Wednesday, July 4th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $145.50.

J & J Snack Foods stock opened at $150.70 on Friday. J & J Snack Foods Corp has a 12-month low of $125.98 and a 12-month high of $159.05. The stock has a market cap of $2.82 billion, a price-to-earnings ratio of 35.78, a PEG ratio of 3.30 and a beta of 0.53.

J & J Snack Foods (NASDAQ:JJSF) last released its quarterly earnings results on Monday, July 30th. The company reported $1.39 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.51 by ($0.12). J & J Snack Foods had a return on equity of 11.36% and a net margin of 9.06%. The firm had revenue of $306.20 million for the quarter, compared to analyst estimates of $312.55 million. During the same period in the prior year, the business earned $1.34 earnings per share. J & J Snack Foods’s revenue for the quarter was up 3.7% on a year-over-year basis. Sell-side analysts predict that J & J Snack Foods Corp will post 4.58 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, October 4th. Shareholders of record on Friday, September 14th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, September 13th. This represents a $1.80 annualized dividend and a dividend yield of 1.19%. J & J Snack Foods’s dividend payout ratio is currently 42.76%.

J & J Snack Foods Company Profile

J&J Snack Foods Corp. manufactures, markets, and distributes various nutritional snack foods and beverages to the food service and retail supermarket industries in the United States, Mexico, and Canada. The company operates through three segments: Food Service, Retail Supermarkets, and Frozen Beverages.

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

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