Northwestern Mutual Wealth Management Co. Purchases Shares of 468 J&J Snack Foods Corp. (NASDAQ:JJSF)

Northwestern Mutual Wealth Management Co. acquired a new position in J&J Snack Foods Corp. (NASDAQ:JJSF) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 468 shares of the company’s stock, valued at approximately $76,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in J&J Snack Foods by 4.6% during the first quarter. Vanguard Group Inc. now owns 1,636,305 shares of the company’s stock valued at $236,544,000 after purchasing an additional 71,378 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in J&J Snack Foods by 6.1% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,562,491 shares of the company’s stock worth $253,702,000 after acquiring an additional 89,160 shares in the last quarter. Westwood Holdings Group Inc. raised its stake in J&J Snack Foods by 22.4% during the 1st quarter. Westwood Holdings Group Inc. now owns 542,945 shares of the company’s stock worth $78,488,000 after acquiring an additional 99,264 shares during the period. Thrivent Financial for Lutherans lifted its holdings in J&J Snack Foods by 130.8% during the second quarter. Thrivent Financial for Lutherans now owns 535,831 shares of the company’s stock valued at $87,003,000 after purchasing an additional 303,673 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of J&J Snack Foods by 4.3% in the second quarter. Dimensional Fund Advisors LP now owns 458,203 shares of the company’s stock worth $74,400,000 after purchasing an additional 18,932 shares during the period. Hedge funds and other institutional investors own 76.04% of the company’s stock.

J&J Snack Foods Stock Performance

NASDAQ JJSF opened at $167.64 on Friday. The business has a 50-day moving average price of $168.57 and a 200-day moving average price of $160.76. The firm has a market cap of $3.26 billion, a price-to-earnings ratio of 37.25 and a beta of 0.62. J&J Snack Foods Corp. has a twelve month low of $133.23 and a twelve month high of $176.38. The company has a quick ratio of 1.39, a current ratio of 2.27 and a debt-to-equity ratio of 0.01.

J&J Snack Foods (NASDAQ:JJSF) last announced its quarterly earnings data 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 net margin of 5.49% and a return on equity of 10.70%. The company had revenue of $439.96 million for the quarter, compared to analysts’ expectations of $440.92 million. During the same period last year, the business earned $1.92 earnings per share. The company’s quarterly revenue was up 3.3% compared to the same quarter last year. As a group, equities research analysts predict that J&J Snack Foods Corp. will post 5.21 EPS for the current fiscal year.

J&J Snack Foods Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 8th. Shareholders of record on Tuesday, September 17th were issued a $0.78 dividend. This is an increase 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 1.86%. The ex-dividend date of this dividend was Tuesday, September 17th. J&J Snack Foods’s payout ratio is currently 69.33%.

Insiders Place Their Bets

In other news, Director Gerald B. Shreiber sold 20,000 shares of the firm’s stock in a transaction dated Saturday, August 31st. The stock was sold at an average price of $167.95, for a total transaction of $3,359,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Gerald B. Shreiber sold 20,000 shares of the stock in a transaction that occurred on Saturday, August 31st. The stock was sold at an average price of $167.95, for a total transaction of $3,359,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Mary Lou Kehoe sold 1,500 shares of the firm’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $169.59, for a total transaction of $254,385.00. Following the completion of the transaction, the vice president now directly owns 742 shares of the company’s stock, valued at approximately $125,835.78. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 22.20% of the company’s stock.

Wall Street Analysts Forecast Growth

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

About J&J Snack Foods

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.