Northwestern Mutual Wealth Management Co. Trims Stock Holdings in John B. Sanfilippo & Son, Inc. $JBSS

Northwestern Mutual Wealth Management Co. lowered its holdings in John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS) by 54.6% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,010 shares of the company’s stock after selling 1,215 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in John B. Sanfilippo & Son were worth $72,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Costello Asset Management INC purchased a new position in John B. Sanfilippo & Son in the first quarter valued at about $34,000. Central Pacific Bank Trust Division purchased a new position in John B. Sanfilippo & Son in the first quarter valued at about $177,000. ProShare Advisors LLC acquired a new stake in John B. Sanfilippo & Son during the fourth quarter valued at approximately $236,000. IQ EQ FUND MANAGEMENT IRELAND Ltd bought a new position in John B. Sanfilippo & Son during the 1st quarter worth approximately $201,000. Finally, Point72 Asset Management L.P. lifted its holdings in John B. Sanfilippo & Son by 19.6% during the 4th quarter. Point72 Asset Management L.P. now owns 3,093 shares of the company’s stock worth $269,000 after buying an additional 507 shares during the last quarter. Hedge funds and other institutional investors own 70.64% of the company’s stock.

John B. Sanfilippo & Son Trading Up 1.1%

NASDAQ:JBSS opened at $64.30 on Friday. The company has a quick ratio of 0.59, a current ratio of 2.22 and a debt-to-equity ratio of 0.04. The business’s 50 day moving average is $65.13 and its two-hundred day moving average is $66.00. John B. Sanfilippo & Son, Inc. has a 52 week low of $58.47 and a 52 week high of $97.47. The company has a market cap of $748.45 million, a PE ratio of 12.78 and a beta of 0.39.

John B. Sanfilippo & Son (NASDAQ:JBSS) last released its earnings results on Wednesday, August 20th. The company reported $1.15 EPS for the quarter. John B. Sanfilippo & Son had a return on equity of 17.54% and a net margin of 5.32%.The company had revenue of $269.08 million for the quarter.

John B. Sanfilippo & Son Cuts Dividend

The company also recently announced a special dividend, which will be paid on Thursday, September 11th. Shareholders of record on Tuesday, August 19th will be issued a dividend of $0.60 per share. This represents a yield of 130.0%. The ex-dividend date of this dividend is Tuesday, August 19th. John B. Sanfilippo & Son’s dividend payout ratio (DPR) is currently 17.89%.

About John B. Sanfilippo & Son

John B. Sanfilippo & Son, Inc engages in the processing and distribution of nuts and nut-related products. It offers peanuts, pecans, cashews, walnuts, almonds, and other nuts under the brands of Fisher, Orchard Valley Harvest, Squirrel Brand, and Southern Style Nuts. The company was founded by Gaspare Sanfilippo and John B.