Whittier Trust Co. Sells 83 Shares of J&J Snack Foods Corp. (NASDAQ:JJSF)

Whittier Trust Co. lowered its position in J&J Snack Foods Corp. (NASDAQ:JJSF) by 13.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 530 shares of the company’s stock after selling 83 shares during the period. Whittier Trust Co.’s holdings in J&J Snack Foods were worth $82,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Intech Investment Management LLC bought a new stake in J&J Snack Foods in the third quarter worth $654,000. Charles Schwab Investment Management Inc. grew its stake in shares of J&J Snack Foods by 0.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 184,105 shares of the company’s stock valued at $31,688,000 after purchasing an additional 1,446 shares during the period. Nicolet Advisory Services LLC increased its holdings in J&J Snack Foods by 6.4% during the third quarter. Nicolet Advisory Services LLC now owns 2,105 shares of the company’s stock valued at $355,000 after buying an additional 126 shares during the last quarter. FMR LLC increased its stake in shares of J&J Snack Foods by 109.9% in the 3rd quarter. FMR LLC now owns 1,954 shares of the company’s stock worth $336,000 after purchasing an additional 1,023 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its position in J&J Snack Foods by 40.4% in the third quarter. BNP Paribas Financial Markets now owns 11,279 shares of the company’s stock worth $1,941,000 after buying an additional 3,246 shares in the last quarter. Hedge funds and other institutional investors own 76.04% of the company’s stock.

Analyst Ratings Changes

JJSF has been the topic of several recent analyst reports. Jefferies Financial Group decreased their price objective on shares of J&J Snack Foods from $175.00 to $135.00 and set a “hold” rating on the stock in a research report on Tuesday, February 18th. Benchmark reaffirmed a “buy” rating and set a $200.00 price objective on shares of J&J Snack Foods in a report on Tuesday, February 4th.

J&J Snack Foods Stock Performance

NASDAQ:JJSF opened at $127.39 on Tuesday. J&J Snack Foods Corp. has a fifty-two week low of $116.60 and a fifty-two week high of $180.80. The stock’s fifty day moving average is $133.08 and its 200 day moving average is $154.18. The firm has a market capitalization of $2.48 billion, a PE ratio of 29.35 and a beta of 0.66.

J&J Snack Foods (NASDAQ:JJSF) last posted its quarterly earnings data on Monday, February 3rd. The company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.29). J&J Snack Foods had a net margin of 5.31% and a return on equity of 9.84%. Equities analysts forecast that J&J Snack Foods Corp. will post 4.75 EPS for the current year.

J&J Snack Foods Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 8th. Investors of record on Tuesday, March 18th will be paid a $0.78 dividend. The ex-dividend date is Tuesday, March 18th. This represents a $3.12 annualized dividend and a yield of 2.45%. J&J Snack Foods’s dividend payout ratio (DPR) is currently 71.89%.

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.