John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS) Shares Sold by Confluence Investment Management LLC

Confluence Investment Management LLC decreased its holdings in shares of John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS) by 4.3% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 32,115 shares of the company’s stock after selling 1,439 shares during the quarter. Confluence Investment Management LLC’s holdings in John B. Sanfilippo & Son were worth $3,121,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in JBSS. Public Employees Retirement Association of Colorado boosted its stake in shares of John B. Sanfilippo & Son by 3,900.5% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 181,023 shares of the company’s stock worth $18,653,000 after buying an additional 176,498 shares during the period. Allianz Asset Management GmbH raised its holdings in John B. Sanfilippo & Son by 294.1% during the fourth quarter. Allianz Asset Management GmbH now owns 67,161 shares of the company’s stock worth $6,920,000 after purchasing an additional 50,120 shares in the last quarter. GSA Capital Partners LLP raised its holdings in John B. Sanfilippo & Son by 676.9% during the first quarter. GSA Capital Partners LLP now owns 32,195 shares of the company’s stock worth $3,410,000 after purchasing an additional 28,051 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in John B. Sanfilippo & Son during the fourth quarter worth about $1,218,000. Finally, Chesapeake Capital Corp IL purchased a new position in John B. Sanfilippo & Son during the fourth quarter worth about $893,000. Institutional investors and hedge funds own 70.64% of the company’s stock.

John B. Sanfilippo & Son Stock Performance

NASDAQ JBSS traded up $0.27 during trading hours on Friday, hitting $104.35. 50,538 shares of the stock were exchanged, compared to its average volume of 70,237. The company has a market cap of $1.21 billion, a price-to-earnings ratio of 18.77 and a beta of 0.09. John B. Sanfilippo & Son, Inc. has a 12-month low of $90.02 and a 12-month high of $109.83. The stock has a 50-day moving average of $98.42 and a 200 day moving average of $100.90. The company has a quick ratio of 0.71, a current ratio of 2.46 and a debt-to-equity ratio of 0.02.

John B. Sanfilippo & Son (NASDAQ:JBSS) last posted its quarterly earnings results on Wednesday, May 1st. The company reported $1.15 earnings per share (EPS) for the quarter. The firm had revenue of $271.88 million during the quarter. John B. Sanfilippo & Son had a net margin of 6.29% and a return on equity of 21.48%.

John B. Sanfilippo & Son Increases Dividend

The business also recently announced an annual dividend, which will be paid on Wednesday, September 11th. Shareholders of record on Tuesday, August 20th will be issued a $2.10 dividend. The ex-dividend date of this dividend is Tuesday, August 20th. This is a boost from John B. Sanfilippo & Son’s previous annual dividend of $2.00. This represents a yield of 2.09%. John B. Sanfilippo & Son’s dividend payout ratio (DPR) is 14.39%.

John B. Sanfilippo & Son Profile

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.