Bank of New York Mellon Corp Sells 4,475 Shares of J&J Snack Foods Corp. (NASDAQ:JJSF)

Bank of New York Mellon Corp decreased its stake in shares of J&J Snack Foods Corp. (NASDAQ:JJSF - Free Report) by 2.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 160,895 shares of the company's stock after selling 4,475 shares during the period. Bank of New York Mellon Corp owned 0.83% of J&J Snack Foods worth $24,960,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Thrivent Financial for Lutherans grew its position in shares of J&J Snack Foods by 19.9% in the third quarter. Thrivent Financial for Lutherans now owns 642,648 shares of the company's stock valued at $110,612,000 after purchasing an additional 106,817 shares during the last quarter. State Street Corp boosted its stake in J&J Snack Foods by 2.9% during the 3rd quarter. State Street Corp now owns 602,295 shares of the company's stock valued at $104,140,000 after purchasing an additional 17,062 shares during the period. Geneva Capital Management LLC grew its holdings in J&J Snack Foods by 1.4% in the 3rd quarter. Geneva Capital Management LLC now owns 526,660 shares of the company's stock valued at $90,649,000 after buying an additional 7,283 shares during the last quarter. Champlain Investment Partners LLC increased its position in J&J Snack Foods by 2.2% in the 3rd quarter. Champlain Investment Partners LLC now owns 377,750 shares of the company's stock worth $65,018,000 after buying an additional 8,187 shares during the period. Finally, DAVENPORT & Co LLC lifted its holdings in shares of J&J Snack Foods by 5.8% during the fourth quarter. DAVENPORT & Co LLC now owns 248,523 shares of the company's stock worth $38,596,000 after buying an additional 13,653 shares during the last quarter. 76.04% of the stock is currently owned by institutional investors and hedge funds.

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J&J Snack Foods Stock Down 0.2 %

Shares of JJSF stock traded down $0.23 during mid-day trading on Thursday, reaching $134.18. The stock had a trading volume of 69,633 shares, compared to its average volume of 93,529. The firm has a market cap of $2.62 billion, a PE ratio of 30.92 and a beta of 0.66. J&J Snack Foods Corp. has a one year low of $116.60 and a one year high of $180.80. The firm's 50 day simple moving average is $135.76 and its 200 day simple moving average is $156.35.

J&J Snack Foods (NASDAQ:JJSF - Get Free Report) last issued its earnings results on Monday, February 3rd. The company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.62 by ($0.29). J&J Snack Foods had a return on equity of 9.84% and a net margin of 5.31%. Sell-side analysts forecast that J&J Snack Foods Corp. will post 4.75 earnings per share for the current fiscal year.

J&J Snack Foods Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 8th. Shareholders of record on Tuesday, March 18th will be issued a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date is Tuesday, March 18th. J&J Snack Foods's payout ratio is 71.89%.

Analyst Upgrades and Downgrades

JJSF has been the topic of a number of research reports. Jefferies Financial Group dropped their target price on shares of J&J Snack Foods from $175.00 to $135.00 and set a "hold" rating on the stock in a research report on Tuesday, February 18th. Benchmark restated a "buy" rating and set a $200.00 price objective on shares of J&J Snack Foods in a report on Tuesday, February 4th.

J&J Snack Foods Company Profile

J&J Snack Foods Corp. engages in the manufacturing of nutritional snack foods and distribution of frozen beverages to the food service and retail supermarket industries. It operates through the following segments: Food Service, Retail Supermarkets, and Frozen Beverages. The Food Service segment includes soft pretzels, frozen novelties, churros, handheld products, and baked goods.