State Board of Administration of Florida Retirement System Has $561,000 Stake in J&J Snack Foods Corp. (NASDAQ:JJSF)

State Board of Administration of Florida Retirement System increased its position in shares of J&J Snack Foods Corp. (NASDAQ:JJSFGet Rating) by 7.4% during the second quarter, Holdings Channel.com reports. The institutional investor owned 4,017 shares of the company’s stock after purchasing an additional 276 shares during the period. State Board of Administration of Florida Retirement System’s holdings in J&J Snack Foods were worth $561,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of JJSF. Mitsubishi UFJ Asset Management UK Ltd. lifted its holdings in shares of J&J Snack Foods by 15.4% in the 2nd quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 15,000 shares of the company’s stock worth $2,095,000 after purchasing an additional 2,000 shares in the last quarter. Buckhead Capital Management LLC grew its stake in shares of J&J Snack Foods by 22.0% in the second quarter. Buckhead Capital Management LLC now owns 30,729 shares of the company’s stock worth $4,292,000 after acquiring an additional 5,538 shares during the last quarter. State of New Jersey Common Pension Fund D lifted its holdings in J&J Snack Foods by 16.7% in the second quarter. State of New Jersey Common Pension Fund D now owns 18,465 shares of the company’s stock valued at $2,579,000 after acquiring an additional 2,649 shares during the period. Nisa Investment Advisors LLC raised its stake in shares of J&J Snack Foods by 13.4% in the second quarter. Nisa Investment Advisors LLC now owns 1,688 shares of the company’s stock worth $236,000 after buying an additional 200 shares during the period. Finally, First Horizon Advisors Inc. bought a new stake in shares of J&J Snack Foods in the 2nd quarter valued at approximately $26,000. 79.89% of the stock is currently owned by institutional investors and hedge funds.

J&J Snack Foods Stock Performance

Shares of JJSF opened at $156.32 on Friday. The firm has a market cap of $3.00 billion, a P/E ratio of 63.54 and a beta of 0.49. J&J Snack Foods Corp. has a twelve month low of $117.45 and a twelve month high of $165.78. The firm’s 50 day moving average price is $140.52 and its two-hundred day moving average price is $137.91. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.76 and a current ratio of 2.45.

J&J Snack Foods Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 10th. Investors of record on Monday, December 19th will be issued a $0.70 dividend. The ex-dividend date of this dividend is Friday, December 16th. This represents a $2.80 dividend on an annualized basis and a yield of 1.79%. J&J Snack Foods’s dividend payout ratio (DPR) is presently 113.82%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. CL King boosted their price objective on J&J Snack Foods from $165.00 to $180.00 in a research note on Wednesday. StockNews.com raised shares of J&J Snack Foods from a “sell” rating to a “hold” rating in a research report on Wednesday.

Insider Buying and Selling at J&J Snack Foods

In related news, CEO Dan Fachner sold 8,000 shares of the stock in a transaction on Thursday, August 25th. The stock was sold at an average price of $155.00, for a total value of $1,240,000.00. Following the transaction, the chief executive officer now directly owns 22,896 shares in the company, valued at approximately $3,548,880. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 20.00% of the company’s stock.

J&J Snack Foods Profile

(Get Rating)

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 in three segments: Food Service, Retail Supermarkets, and Frozen Beverages. The company offers soft pretzels under the SUPERPRETZEL, PRETZEL FILLERS, PRETZELFILS, GOURMET TWISTS, MR.

Further Reading

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Institutional Ownership by Quarter for J&J Snack Foods (NASDAQ:JJSF)

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