Mitsubishi UFJ Asset Management UK Ltd. Has $621,000 Holdings in J&J Snack Foods Corp. (NASDAQ:JJSF)

Mitsubishi UFJ Asset Management UK Ltd. lowered its position in shares of J&J Snack Foods Corp. (NASDAQ:JJSF - Free Report) by 42.9% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor 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 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of JJSF. Allspring Global Investments Holdings LLC raised its holdings in J&J Snack Foods by 3.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,620,378 shares of the company's stock valued at $278,899,000 after acquiring an additional 57,887 shares in the last quarter. Thrivent Financial for Lutherans raised its stake in 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 in the last quarter. State Street Corp lifted its position in J&J Snack Foods by 2.9% during the third quarter. State Street Corp now owns 602,295 shares of the company's stock worth $104,140,000 after purchasing an additional 17,062 shares during the period. Geneva Capital Management LLC grew its stake in J&J Snack Foods by 1.4% during the third quarter. Geneva Capital Management LLC now owns 526,660 shares of the company's stock worth $90,649,000 after buying an additional 7,283 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in J&J Snack Foods by 4.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 458,203 shares of the company's stock valued at $74,400,000 after buying an additional 18,932 shares during the period. Institutional investors own 76.04% of the company's stock.

Wall Street Analyst Weigh In

Separately, Benchmark reaffirmed a "buy" rating and set a $200.00 price target on shares of J&J Snack Foods in a report on Friday, November 15th.

J&J Snack Foods Stock Down 2.3 %

Shares of JJSF traded down $3.24 during midday trading on Wednesday, hitting $140.04. The company's stock had a trading volume of 136,717 shares, compared to its average volume of 107,917. J&J Snack Foods Corp. has a one year low of $133.23 and a one year high of $180.80. The stock has a market capitalization of $2.73 billion, a price-to-earnings ratio of 31.47 and a beta of 0.66. The company's fifty day simple moving average is $159.49 and its two-hundred day simple moving average is $165.26.

J&J Snack Foods (NASDAQ:JJSF - Get Free Report) last released its earnings results 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). J&J Snack Foods had a net margin of 5.50% and a return on equity of 10.32%. The business had revenue of $426.76 million during the quarter, compared to the consensus estimate of $428.33 million. During the same quarter in the prior year, the firm earned $1.73 EPS. The business's revenue was down 3.9% on a year-over-year basis. On average, research analysts predict that J&J Snack Foods Corp. will post 5.49 earnings per share for the current year.

J&J Snack Foods Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 7th. Shareholders of record on Tuesday, December 17th were given a $0.78 dividend. The ex-dividend date was Tuesday, December 17th. This represents a $3.12 dividend on an annualized basis and a yield of 2.23%. J&J Snack Foods's dividend payout ratio is currently 70.11%.

J&J Snack Foods Company Profile

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.