J&J Snack Foods Corp. (NASDAQ:JJSF) Shares Acquired by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company grew its position in J&J Snack Foods Corp. (NASDAQ:JJSF) by 3.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,512 shares of the company’s stock after purchasing an additional 262 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in J&J Snack Foods were worth $1,382,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of JJSF. Fidelis Capital Partners LLC purchased a new position in shares of J&J Snack Foods in the 1st quarter valued at $29,000. GAMMA Investing LLC grew its position in shares of J&J Snack Foods by 603.8% in the 2nd quarter. GAMMA Investing LLC now owns 366 shares of the company’s stock valued at $59,000 after buying an additional 314 shares during the last quarter. Covestor Ltd grew its position in shares of J&J Snack Foods by 54,200.0% in the 1st quarter. Covestor Ltd now owns 543 shares of the company’s stock valued at $78,000 after buying an additional 542 shares during the last quarter. Canada Pension Plan Investment Board purchased a new position in shares of J&J Snack Foods in the 2nd quarter valued at $114,000. Finally, Intelligence Driven Advisers LLC purchased a new position in shares of J&J Snack Foods in the 2nd quarter valued at $207,000. 76.04% of the stock is owned by hedge funds and other institutional investors.

J&J Snack Foods Stock Up 1.3 %

Shares of NASDAQ:JJSF opened at $167.64 on Friday. The company has a market cap of $3.26 billion, a price-to-earnings ratio of 37.25 and a beta of 0.62. The firm’s 50-day simple moving average is $168.57 and its 200-day simple moving average is $160.63. 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 Corp. has a fifty-two week low of $133.23 and a fifty-two week high of $176.38.

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

J&J Snack Foods Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 8th. Stockholders 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. The ex-dividend date of this dividend was Tuesday, September 17th. This represents a $3.12 annualized dividend and a dividend yield of 1.86%. J&J Snack Foods’s payout ratio is presently 69.33%.

Analyst Upgrades and Downgrades

Separately, Benchmark reissued 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.

Insider Activity

In related news, VP Mary Lou Kehoe sold 1,500 shares of the firm’s stock in a transaction dated Thursday, August 8th. The shares were 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 owns 742 shares in the company, valued at $125,835.78. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, Director Gerald B. Shreiber sold 20,000 shares of the firm’s stock in a transaction dated Saturday, August 31st. The shares were sold at an average price of $167.95, for a total value of $3,359,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Mary Lou Kehoe sold 1,500 shares of the firm’s stock in a transaction dated 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 sale, the vice president now owns 742 shares of the company’s stock, valued at $125,835.78. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 22.20% of the company’s stock.

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.