Grantham Mayo Van Otterloo & Co. LLC Acquires 9,103 Shares of J&J Snack Foods Corp. (NASDAQ:JJSF)

Grantham Mayo Van Otterloo & Co. LLC lifted its holdings in J&J Snack Foods Corp. (NASDAQ:JJSF) by 4.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 234,716 shares of the company’s stock after purchasing an additional 9,103 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC owned 1.20% of J&J Snack Foods worth $36,411,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in JJSF. Jane Street Group LLC lifted its position in J&J Snack Foods by 40.1% during the 3rd quarter. Jane Street Group LLC now owns 31,936 shares of the company’s stock worth $5,497,000 after buying an additional 9,134 shares in the last quarter. State Street Corp increased 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 buying an additional 17,062 shares during the last quarter. KLP Kapitalforvaltning AS bought a new stake in J&J Snack Foods in the fourth quarter valued at approximately $530,000. JPMorgan Chase & Co. lifted its position in shares of J&J Snack Foods by 27.8% in the third quarter. JPMorgan Chase & Co. now owns 44,572 shares of the company’s stock valued at $7,672,000 after buying an additional 9,703 shares during the last quarter. Finally, Barclays PLC lifted its stake in shares of J&J Snack Foods by 434.0% during the 3rd quarter. Barclays PLC now owns 30,065 shares of the company’s stock worth $5,175,000 after buying an additional 24,435 shares during the last quarter. Institutional investors and hedge funds own 76.04% of the company’s stock.

J&J Snack Foods Price Performance

Shares of NASDAQ JJSF opened at $134.10 on Friday. The business has a fifty day moving average price of $131.03 and a two-hundred day moving average price of $152.12. The stock has a market capitalization of $2.61 billion, a PE ratio of 30.90 and a beta of 0.48. J&J Snack Foods Corp. has a fifty-two week low of $116.60 and a fifty-two week high of $180.80.

J&J Snack Foods (NASDAQ:JJSF) last posted its quarterly earnings results on Monday, February 3rd. The company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.29). J&J Snack Foods had a net margin of 5.31% and a return on equity of 9.84%. On average, equities analysts expect that J&J Snack Foods Corp. will post 4.75 EPS for the current year.

J&J Snack Foods Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 8th. Investors of record on Tuesday, March 18th will be given a dividend of $0.78 per share. The ex-dividend date is Tuesday, March 18th. This represents a $3.12 annualized dividend and a dividend yield of 2.33%. J&J Snack Foods’s dividend payout ratio is 71.89%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Jefferies Financial Group reduced their target price on shares of J&J Snack Foods from $175.00 to $135.00 and set a “hold” rating for the company in a research report on Tuesday, February 18th. Benchmark reissued a “buy” rating and issued a $200.00 price objective on shares of J&J Snack Foods in a report on Tuesday, February 4th.

About J&J Snack Foods

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.