Hsbc Holdings PLC Sells 9,146 Shares of John B. Sanfilippo & Son, Inc. $JBSS

Hsbc Holdings PLC reduced its position in shares of John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS) by 44.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,267 shares of the company’s stock after selling 9,146 shares during the period. Hsbc Holdings PLC’s holdings in John B. Sanfilippo & Son were worth $925,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its stake in John B. Sanfilippo & Son by 1.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 300,746 shares of the company’s stock worth $21,233,000 after purchasing an additional 3,007 shares during the last quarter. Deutsche Bank AG increased its stake in shares of John B. Sanfilippo & Son by 22.8% in the 4th quarter. Deutsche Bank AG now owns 256,526 shares of the company’s stock valued at $18,111,000 after purchasing an additional 47,559 shares during the last quarter. Royce & Associates LP increased its stake in shares of John B. Sanfilippo & Son by 2.5% in the 4th quarter. Royce & Associates LP now owns 249,068 shares of the company’s stock valued at $17,584,000 after purchasing an additional 6,170 shares during the last quarter. Gamco Investors INC. ET AL raised its holdings in shares of John B. Sanfilippo & Son by 19.1% during the 4th quarter. Gamco Investors INC. ET AL now owns 204,325 shares of the company’s stock worth $14,425,000 after buying an additional 32,800 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in shares of John B. Sanfilippo & Son by 2.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 152,762 shares of the company’s stock worth $9,820,000 after buying an additional 3,866 shares in the last quarter. 70.64% of the stock is currently owned by institutional investors and hedge funds.

John B. Sanfilippo & Son Stock Performance

John B. Sanfilippo & Son stock opened at $84.36 on Thursday. The business has a 50 day moving average of $81.14 and a 200-day moving average of $79.30. John B. Sanfilippo & Son, Inc. has a 1 year low of $59.07 and a 1 year high of $92.08. 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 company has a market capitalization of $986.17 million, a P/E ratio of 14.80 and a beta of 0.32.

John B. Sanfilippo & Son (NASDAQ:JBSS) last posted its earnings results on Wednesday, April 29th. The company reported $1.43 EPS for the quarter, topping the consensus estimate of $1.16 by $0.27. John B. Sanfilippo & Son had a net margin of 5.76% and a return on equity of 18.11%. The business had revenue of $281.78 million for the quarter, compared to the consensus estimate of $260.82 million. On average, equities research analysts predict that John B. Sanfilippo & Son, Inc. will post 5.85 earnings per share for the current year.

John B. Sanfilippo & Son Announces Dividend

The firm also recently declared a special dividend, which will be paid on Wednesday, September 9th. Stockholders of record on Monday, August 17th will be issued a dividend of $1.05 per share. The ex-dividend date is Monday, August 17th. John B. Sanfilippo & Son’s payout ratio is 16.67%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Freedom Capital raised John B. Sanfilippo & Son to a “hold” rating in a research note on Tuesday, June 30th. Weiss Ratings upgraded John B. Sanfilippo & Son from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, June 11th. Finally, Wall Street Zen raised John B. Sanfilippo & Son from a “hold” rating to a “buy” rating in a research note on Saturday, July 25th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $109.00.

John B. Sanfilippo & Son Company Profile

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.