Geode Capital Management LLC Sells 10,562 Shares of John B. Sanfilippo & Son, Inc. $JBSS

Geode Capital Management LLC reduced its stake in shares of John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS) by 4.9% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 203,293 shares of the company’s stock after selling 10,562 shares during the period. Geode Capital Management LLC owned about 1.73% of John B. Sanfilippo & Son worth $12,858,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Hotchkis & Wiley Capital Management LLC purchased a new position in John B. Sanfilippo & Son in the first quarter valued at approximately $8,985,000. Vanguard Group Inc. lifted its position in shares of John B. Sanfilippo & Son by 11.3% during the 1st quarter. Vanguard Group Inc. now owns 785,730 shares of the company’s stock valued at $55,677,000 after buying an additional 79,763 shares during the last quarter. Gamco Investors INC. ET AL lifted its position in shares of John B. Sanfilippo & Son by 49.2% during the 1st quarter. Gamco Investors INC. ET AL now owns 130,805 shares of the company’s stock valued at $9,269,000 after buying an additional 43,160 shares during the last quarter. Nuveen LLC bought a new position in shares of John B. Sanfilippo & Son during the 1st quarter worth $1,813,000. Finally, Hunter Perkins Capital Management LLC grew its stake in shares of John B. Sanfilippo & Son by 21.1% during the 2nd quarter. Hunter Perkins Capital Management LLC now owns 144,998 shares of the company’s stock worth $9,170,000 after acquiring an additional 25,229 shares during the period. Hedge funds and other institutional investors own 70.64% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on JBSS shares. Wall Street Zen upgraded John B. Sanfilippo & Son from a “buy” rating to a “strong-buy” rating in a research note on Sunday, November 9th. Zacks Research raised shares of John B. Sanfilippo & Son from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 21st. BWS Financial restated a “buy” rating and set a $109.00 price target on shares of John B. Sanfilippo & Son in a research note on Monday, November 3rd. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of John B. Sanfilippo & Son in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $109.00.

John B. Sanfilippo & Son Price Performance

JBSS stock opened at $71.80 on Wednesday. The firm has a 50 day moving average of $65.44 and a 200-day moving average of $64.58. The firm has a market capitalization of $836.04 million, a P/E ratio of 12.78 and a beta of 0.36. John B. Sanfilippo & Son, Inc. has a 12 month low of $58.47 and a 12 month high of $91.98. The company has a current ratio of 2.22, a quick ratio of 0.59 and a debt-to-equity ratio of 0.04.

John B. Sanfilippo & Son (NASDAQ:JBSS) last posted its earnings results on Wednesday, October 29th. The company reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.31. John B. Sanfilippo & Son had a net margin of 5.84% and a return on equity of 19.17%. The business had revenue of $298.68 million for the quarter, compared to analysts’ expectations of $273.93 million.

John B. Sanfilippo & Son Dividend Announcement

The firm also recently disclosed a special dividend, which will be paid on Tuesday, December 30th. Investors of record on Monday, December 1st will be paid a dividend of $1.00 per share. The ex-dividend date of this dividend is Monday, December 1st. John B. Sanfilippo & Son’s dividend payout ratio (DPR) is currently 16.01%.

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.