Raymond James Financial Services Advisors Inc. Sells 2,583 Shares of John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS)

Raymond James Financial Services Advisors Inc. decreased its holdings in John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS – Get Rating) by 5.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,253 shares of the company’s stock after selling 2,583 shares during the quarter. Raymond James Financial Services Advisors Inc. owned about 0.36% of John B. Sanfilippo & Son worth $3,355,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in JBSS. Point72 Hong Kong Ltd acquired a new stake in shares of John B. Sanfilippo & Son in the 3rd quarter worth $34,000. Captrust Financial Advisors lifted its position in John B. Sanfilippo & Son by 301.9% during the 1st quarter. Captrust Financial Advisors now owns 426 shares of the company’s stock worth $36,000 after acquiring an additional 320 shares during the period. Signaturefd LLC lifted its position in John B. Sanfilippo & Son by 38.4% during the 3rd quarter. Signaturefd LLC now owns 483 shares of the company’s stock worth $37,000 after acquiring an additional 134 shares during the period. Belpointe Asset Management LLC acquired a new stake in John B. Sanfilippo & Son during the 4th quarter worth about $107,000. Finally, PNC Financial Services Group Inc. lifted its position in John B. Sanfilippo & Son by 244.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,307 shares of the company’s stock worth $108,000 after acquiring an additional 928 shares during the period. Institutional investors and hedge funds own 69.47% of the company’s stock.

Wall Street Analysts Forecast Growth

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

John B. Sanfilippo & Son Price Performance

NASDAQ:JBSS opened at $112.16 on Monday. John B. Sanfilippo & Son, Inc. has a 12 month low of $67.02 and a 12 month high of $119.33. The stock has a 50 day moving average of $102.60 and a two-hundred day moving average of $91.33. The company has a current ratio of 2.67, a quick ratio of 0.82 and a debt-to-equity ratio of 0.02. The firm has a market cap of $1.30 billion, a P/E ratio of 19.89 and a beta of 0.32.

John B. Sanfilippo & Son Increases Dividend

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

John B. Sanfilippo & Son Company 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.