Bank of New York Mellon Corp Has $21.40 Million Stock Holdings in J & J Snack Foods Corp. (NASDAQ:JJSF)

Bank of New York Mellon Corp lifted its position in shares of J & J Snack Foods Corp. (NASDAQ:JJSF) by 1.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 162,460 shares of the company’s stock after purchasing an additional 1,565 shares during the period. Bank of New York Mellon Corp owned 0.83% of J & J Snack Foods worth $21,399,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in JJSF. Johnson Financial Group Inc. purchased a new position in J & J Snack Foods in the 4th quarter worth approximately $55,000. Huntington National Bank boosted its holdings in shares of J & J Snack Foods by 25.4% during the 4th quarter. Huntington National Bank now owns 513 shares of the company’s stock valued at $80,000 after acquiring an additional 104 shares during the last quarter. Virtu Financial LLC purchased a new position in shares of J & J Snack Foods in the fourth quarter worth approximately $206,000. Cibc World Markets Corp purchased a new position in shares of J & J Snack Foods in the fourth quarter worth approximately $221,000. Finally, Summit Investment Advisors Inc. raised its position in shares of J & J Snack Foods by 6.8% during the fourth quarter. Summit Investment Advisors Inc. now owns 1,596 shares of the company’s stock valued at $248,000 after buying an additional 101 shares during the last quarter. Institutional investors own 76.04% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on JJSF shares. Wall Street Zen cut shares of J & J Snack Foods from a “hold” rating to a “sell” rating in a research report on Sunday, June 29th. Benchmark decreased their price objective on J & J Snack Foods from $165.00 to $150.00 and set a “buy” rating on the stock in a report on Wednesday, May 7th.

J & J Snack Foods Stock Performance

Shares of JJSF opened at $118.98 on Friday. J & J Snack Foods Corp. has a 1 year low of $109.71 and a 1 year high of $180.80. The stock has a 50-day simple moving average of $115.25 and a 200-day simple moving average of $127.38. The stock has a market capitalization of $2.31 billion, a PE ratio of 30.51 and a beta of 0.44.

J & J Snack Foods (NASDAQ:JJSF) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.69 by ($0.34). The company had revenue of $356.10 million during the quarter, compared to analysts’ expectations of $369.01 million. J & J Snack Foods had a net margin of 4.79% and a return on equity of 8.78%. The firm’s revenue was down 1.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.84 earnings per share. Analysts predict that J & J Snack Foods Corp. will post 4.75 EPS for the current year.

J & J Snack Foods Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 8th. Shareholders of record on Tuesday, June 17th were paid a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 2.62%. The ex-dividend date was Tuesday, June 17th. J & J Snack Foods’s payout ratio is currently 80.00%.

J & J Snack Foods Company Profile

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.