Principal Financial Group Inc. Has $5.25 Million Stock Position in John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS)

Principal Financial Group Inc. lessened its position in John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS) by 1.2% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 54,171 shares of the company’s stock after selling 654 shares during the period. Principal Financial Group Inc. owned approximately 0.47% of John B. Sanfilippo & Son worth $5,250,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Raymond James Financial Services Advisors Inc. grew its position in John B. Sanfilippo & Son by 35.5% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 19,706 shares of the company’s stock valued at $1,644,000 after purchasing an additional 5,166 shares during the period. US Bancorp DE increased its position in shares of John B. Sanfilippo & Son by 27.4% during the first quarter. US Bancorp DE now owns 1,474 shares of the company’s stock worth $123,000 after acquiring an additional 317 shares in the last quarter. Citigroup Inc. raised its holdings in shares of John B. Sanfilippo & Son by 1.6% in the 1st quarter. Citigroup Inc. now owns 8,845 shares of the company’s stock worth $738,000 after acquiring an additional 142 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of John B. Sanfilippo & Son by 244.9% in 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 last quarter. Finally, MetLife Investment Management LLC lifted its position in John B. Sanfilippo & Son by 58.5% in the 1st quarter. MetLife Investment Management LLC now owns 4,515 shares of the company’s stock valued at $377,000 after acquiring an additional 1,666 shares in the last quarter. Institutional investors own 70.58% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on John B. Sanfilippo & Son in a research note on Thursday, August 17th. They issued a “buy” rating for the company.

John B. Sanfilippo & Son Price Performance

Shares of NASDAQ:JBSS opened at $100.14 on Friday. The company has a current ratio of 2.97, a quick ratio of 0.95 and a debt-to-equity ratio of 0.02. The stock has a market cap of $1.16 billion, a PE ratio of 18.54 and a beta of 0.29. The stock’s fifty day simple moving average is $108.56 and its two-hundred day simple moving average is $106.20. John B. Sanfilippo & Son, Inc. has a 1-year low of $74.33 and a 1-year high of $127.26.

John B. Sanfilippo & Son (NASDAQ:JBSS) last released its quarterly earnings results on Wednesday, August 23rd. The company reported $1.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.40. John B. Sanfilippo & Son had a net margin of 6.29% and a return on equity of 22.26%. The company had revenue of $234.22 million for the quarter.

John B. Sanfilippo & Son Cuts Dividend

The firm also recently announced an annual dividend, which will be paid on Wednesday, September 13th. Stockholders of record on Tuesday, August 22nd will be paid a $2.00 dividend. The ex-dividend date is Monday, August 21st. This represents a dividend yield of 1.78%. John B. Sanfilippo & Son’s payout ratio is presently 14.81%.

John B. Sanfilippo & Son Company Profile

John B. Sanfilippo & Son, Inc, through its subsidiary, JBSS Ventures, LLC, processes and distributes tree nuts and peanuts in the United States. The company offers raw and processed nuts, including almonds, pecans, peanuts, black walnuts, English walnuts, cashews, macadamia nuts, pistachios, pine nuts, Brazil nuts, and filberts in various styles and seasonings.