State Board of Administration of Florida Retirement System Raises Stock Holdings in John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS)

State Board of Administration of Florida Retirement System lifted its holdings in shares of John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS – Get Rating) by 7.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,230 shares of the company’s stock after purchasing an additional 220 shares during the quarter. State Board of Administration of Florida Retirement System’s holdings in John B. Sanfilippo & Son were worth $263,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. BlackRock Inc. boosted its stake in John B. Sanfilippo & Son by 2.1% in the first quarter. BlackRock Inc. now owns 1,506,312 shares of the company’s stock worth $125,687,000 after buying an additional 30,285 shares in the last quarter. Vanguard Group Inc. boosted its stake in John B. Sanfilippo & Son by 4.9% in the first quarter. Vanguard Group Inc. now owns 890,074 shares of the company’s stock worth $74,268,000 after buying an additional 41,573 shares in the last quarter. Thrivent Financial for Lutherans boosted its stake in John B. Sanfilippo & Son by 6.8% in the third quarter. Thrivent Financial for Lutherans now owns 705,203 shares of the company’s stock worth $53,405,000 after buying an additional 44,962 shares in the last quarter. State Street Corp boosted its stake in John B. Sanfilippo & Son by 1.3% in the second quarter. State Street Corp now owns 330,942 shares of the company’s stock worth $23,990,000 after buying an additional 4,390 shares in the last quarter. Finally, UBS Group AG boosted its stake in John B. Sanfilippo & Son by 13.0% in the first quarter. UBS Group AG now owns 164,065 shares of the company’s stock worth $13,690,000 after buying an additional 18,823 shares in the last quarter. Hedge funds and other institutional investors own 69.47% of the company’s stock.

John B. Sanfilippo & Son Stock Performance

Shares of JBSS stock opened at $112.16 on Monday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.82 and a current ratio of 2.67. John B. Sanfilippo & Son, Inc. has a fifty-two week low of $67.02 and a fifty-two week high of $119.33. The stock has a 50 day moving average price of $102.60 and a two-hundred day moving average price of $91.33. The company has a market capitalization of $1.30 billion, a P/E ratio of 19.89 and a beta of 0.32.

John B. Sanfilippo & Son Increases Dividend

The business also recently disclosed a None dividend, which will be paid on Thursday, June 22nd. Shareholders of record on Thursday, June 1st will be given a $1.50 dividend. The ex-dividend date is Wednesday, May 31st. This is an increase from John B. Sanfilippo & Son’s previous None dividend of $1.00. John B. Sanfilippo & Son’s payout ratio is presently 13.30%.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on John B. Sanfilippo & Son in a research note on Thursday. They issued a “buy” rating for the company.

John B. Sanfilippo & Son Profile

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John B. Sanfilippo & Son, Inc engages in selling nut and nut products through distribution channels. It offers dried fruit based products that are sold under, Fisher nuts, Orchard Valley Harvest, Southern Style Nuts, and Squirrel Brand. The company was founded by Gaspare Sanfilippo and John B. Sanfilippo in 1922 and is headquartered in Elgin, IL.