J&J Snack Foods Corp. (NASDAQ:JJSF) Stake Lowered by Mitsubishi UFJ Asset Management UK Ltd.

Mitsubishi UFJ Asset Management UK Ltd. reduced its stake in shares of J&J Snack Foods Corp. (NASDAQ:JJSF) by 42.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,000 shares of the company’s stock after selling 3,000 shares during the quarter. Mitsubishi UFJ Asset Management UK Ltd.’s holdings in J&J Snack Foods were worth $621,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. American Century Companies Inc. raised its holdings in J&J Snack Foods by 6.4% during the 2nd quarter. American Century Companies Inc. now owns 8,722 shares of the company’s stock worth $1,416,000 after purchasing an additional 528 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in shares of J&J Snack Foods by 18.8% in the second quarter. Envestnet Asset Management Inc. now owns 24,360 shares of the company’s stock valued at $3,955,000 after acquiring an additional 3,847 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in J&J Snack Foods by 4.3% during the second quarter. Dimensional Fund Advisors LP now owns 458,203 shares of the company’s stock worth $74,400,000 after buying an additional 18,932 shares in the last quarter. Blair William & Co. IL lifted its holdings in shares of J&J Snack Foods by 2.4% in the second quarter. Blair William & Co. IL now owns 8,103 shares of the company’s stock worth $1,316,000 after acquiring an additional 190 shares during the last quarter. Finally, Canada Pension Plan Investment Board bought a new position in J&J Snack Foods in the 2nd quarter valued at approximately $114,000. Institutional investors own 76.04% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Benchmark reissued a “buy” rating and issued a $200.00 price objective on shares of J&J Snack Foods in a research note on Friday, November 15th.

J&J Snack Foods Trading Down 0.5 %

JJSF stock opened at $143.28 on Wednesday. J&J Snack Foods Corp. has a 12 month low of $133.23 and a 12 month high of $180.80. The firm has a market capitalization of $2.79 billion, a P/E ratio of 32.20 and a beta of 0.66. The firm has a 50 day moving average of $160.16 and a 200-day moving average of $165.44.

J&J Snack Foods (NASDAQ:JJSF) last released its quarterly earnings data on Wednesday, November 13th. The company reported $1.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.85 by ($0.25). The firm had revenue of $426.76 million during the quarter, compared to analysts’ expectations of $428.33 million. J&J Snack Foods had a net margin of 5.50% and a return on equity of 10.32%. J&J Snack Foods’s revenue was down 3.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.73 EPS. Sell-side analysts predict that J&J Snack Foods Corp. will post 5.49 EPS for the current year.

J&J Snack Foods Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 7th. Stockholders of record on Tuesday, December 17th were issued a dividend of $0.78 per share. The ex-dividend date of this dividend was Tuesday, December 17th. This represents a $3.12 annualized dividend and a dividend yield of 2.18%. J&J Snack Foods’s payout ratio is 70.11%.

About J&J Snack Foods

J&J Snack Foods Corp. manufactures, markets, and distributes nutritional snack foods and beverages to the food service and retail supermarket industries in the United States, Mexico, and Canada. It operates through three segments: Food Service, Retail Supermarkets, and Frozen Beverages. It offers soft pretzels under the SUPERPRETZEL, SUPERPRETZEL BAVARIAN, NEW YORK PRETZEL, BAVARIAN BAKERY, and BRAUHAUS brands, as well as under the private labels; frozen novelty under the DIPPIN'DOTS, LUIGI'S, WHOLE FRUIT, DOGSTERS, PHILLY SWIRL, ICEE, and MINUTE MAID brands; churros under the HOLA! and CALIFORNIA CHURROS brands; and handheld products under the SUPREME STUFFERS and SWEET STUFFERS brands.