J & J Snack Foods Corp. $JJSF Shares Bought by Voya Investment Management LLC

Voya Investment Management LLC grew its holdings in shares of J & J Snack Foods Corp. (NASDAQ:JJSF) by 14.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,621 shares of the company’s stock after purchasing an additional 936 shares during the period. Voya Investment Management LLC’s holdings in J & J Snack Foods were worth $1,004,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of JJSF. Northwestern Mutual Wealth Management Co. raised its holdings in shares of J & J Snack Foods by 31.0% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 613 shares of the company’s stock worth $81,000 after purchasing an additional 145 shares during the period. CWM LLC raised its holdings in shares of J & J Snack Foods by 301.3% during the first quarter. CWM LLC now owns 634 shares of the company’s stock worth $84,000 after purchasing an additional 476 shares during the period. AQR Capital Management LLC acquired a new stake in shares of J & J Snack Foods during the first quarter worth $228,000. Aigen Investment Management LP acquired a new stake in shares of J & J Snack Foods during the first quarter worth $232,000. Finally, MQS Management LLC acquired a new stake in shares of J & J Snack Foods during the first quarter worth $275,000. 76.04% of the stock is owned by institutional investors and hedge funds.

J & J Snack Foods Trading Down 0.9%

Shares of NASDAQ JJSF opened at $97.75 on Wednesday. J & J Snack Foods Corp. has a twelve month low of $97.62 and a twelve month high of $180.80. The company has a market capitalization of $1.90 billion, a price-to-earnings ratio of 22.79 and a beta of 0.42. The firm has a 50-day moving average of $111.07 and a two-hundred day moving average of $118.76.

J & J Snack Foods (NASDAQ:JJSF) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $2.00 earnings per share for the quarter, beating analysts’ consensus estimates of $1.74 by $0.26. J & J Snack Foods had a net margin of 5.24% and a return on equity of 8.79%. The company had revenue of $454.30 million during the quarter, compared to the consensus estimate of $445.98 million. During the same period in the prior year, the company earned $1.98 EPS. J & J Snack Foods’s revenue was up 3.3% on a year-over-year basis. As a group, research analysts predict that J & J Snack Foods Corp. will post 4.75 earnings per share for the current year.

J & J Snack Foods Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 7th. Shareholders of record on Tuesday, September 16th will be paid a dividend of $0.80 per share. This is a boost from J & J Snack Foods’s previous quarterly dividend of $0.78. This represents a $3.20 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend is Tuesday, September 16th. J & J Snack Foods’s payout ratio is currently 74.59%.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded shares of J & J Snack Foods from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $142.50.

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.