Principal Financial Group Inc. Has $12.51 Million Position in J&J Snack Foods Corp. (NASDAQ:JJSF)

Principal Financial Group Inc. lowered its position in J&J Snack Foods Corp. (NASDAQ:JJSF) by 4.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 77,043 shares of the company’s stock after selling 3,702 shares during the quarter. Principal Financial Group Inc. owned 0.40% of J&J Snack Foods worth $12,509,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank bought a new stake in J&J Snack Foods in the fourth quarter valued at approximately $27,404,000. Westwood Holdings Group Inc. boosted its holdings in J&J Snack Foods by 22.4% in the first quarter. Westwood Holdings Group Inc. now owns 542,945 shares of the company’s stock valued at $78,488,000 after acquiring an additional 99,264 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in J&J Snack Foods by 6.9% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,473,331 shares of the company’s stock valued at $212,985,000 after acquiring an additional 95,684 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of J&J Snack Foods by 4.6% during the 1st quarter. Vanguard Group Inc. now owns 1,636,305 shares of the company’s stock worth $236,544,000 after buying an additional 71,378 shares in the last quarter. Finally, Confluence Investment Management LLC bought a new position in shares of J&J Snack Foods during the 1st quarter worth approximately $8,909,000. Institutional investors and hedge funds own 76.04% of the company’s stock.

Insider Activity at J&J Snack Foods

In related news, VP Mary Lou Kehoe sold 1,500 shares of the stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $169.59, for a total value of $254,385.00. Following the completion of the sale, the vice president now directly owns 742 shares of the company’s stock, valued at approximately $125,835.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, VP Mary Lou Kehoe sold 1,500 shares of the firm’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $169.59, for a total transaction of $254,385.00. Following the completion of the sale, the vice president now directly owns 742 shares of the company’s stock, valued at approximately $125,835.78. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Gerald B. Shreiber sold 20,000 shares of the firm’s stock in a transaction on Saturday, August 31st. The shares were sold at an average price of $167.95, for a total value of $3,359,000.00. The disclosure for this sale can be found here. 22.20% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Separately, Benchmark restated a “buy” rating and set a $200.00 price target on shares of J&J Snack Foods in a report on Tuesday, August 6th.

J&J Snack Foods Price Performance

Shares of JJSF opened at $165.50 on Friday. J&J Snack Foods Corp. has a 12-month low of $133.23 and a 12-month high of $176.38. The business’s fifty day moving average is $167.82 and its 200 day moving average is $156.37. The company has a quick ratio of 1.39, a current ratio of 2.27 and a debt-to-equity ratio of 0.01. The stock has a market cap of $3.21 billion, a P/E ratio of 37.27 and a beta of 0.62.

J&J Snack Foods (NASDAQ:JJSF) last issued its earnings results on Monday, August 5th. The company reported $1.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.01). J&J Snack Foods had a return on equity of 10.70% and a net margin of 5.49%. The firm had revenue of $439.96 million during the quarter, compared to the consensus estimate of $440.92 million. During the same quarter in the prior year, the business earned $1.92 earnings per share. J&J Snack Foods’s revenue for the quarter was up 3.3% on a year-over-year basis. Sell-side analysts anticipate that J&J Snack Foods Corp. will post 5.21 earnings per share for the current fiscal year.

J&J Snack Foods Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 8th. Investors of record on Tuesday, September 17th will be given a $0.78 dividend. This is a positive change from J&J Snack Foods’s previous quarterly dividend of $0.74. This represents a $3.12 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date is Tuesday, September 17th. J&J Snack Foods’s dividend payout ratio is presently 70.27%.

J&J Snack Foods Company Profile

J&J Snack Foods Corp. manufactures, markets, and distributes nutritional snack foods and beverages to the food service and retail supermarket industries in the United States, Mexico, and Canada. It operates through three segments: Food Service, Retail Supermarkets, and Frozen Beverages. It offers soft pretzels under the SUPERPRETZEL, SUPERPRETZEL BAVARIAN, NEW YORK PRETZEL, BAVARIAN BAKERY, and BRAUHAUS brands, as well as under the private labels; frozen novelty under the DIPPIN'DOTS, LUIGI'S, WHOLE FRUIT, DOGSTERS, PHILLY SWIRL, ICEE, and MINUTE MAID brands; churros under the HOLA! and CALIFORNIA CHURROS brands; and handheld products under the SUPREME STUFFERS and SWEET STUFFERS brands.