105,634 Shares in John B. Sanfilippo & Son, Inc. $JBSS Purchased by Bank of New York Mellon Corp

Key Points

• Bank of New York Mellon purchased 105,634 JBSS shares worth approximately $9.1 million, taking a 0.90% stake. Institutional investors collectively own 70.64% of the company.
• John B. Sanfilippo & Son reported quarterly EPS of $0.71, missing the $1.17 consensus estimate, while revenue of $280.43 million exceeded expectations. The company also announced a special $1.05-per-share dividend.
• Analyst sentiment remains positive, with an overall “Moderate Buy” rating and a $100 consensus price target versus the stock’s reported $73.90 price.

Bank of New York Mellon Corp bought a new position in John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 105,634 shares of the company's stock, valued at approximately $9,083,000. Bank of New York Mellon Corp owned approximately 0.90% of John B. Sanfilippo & Son at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in JBSS. Ameriprise Financial Inc. increased its stake in shares of John B. Sanfilippo & Son by 260.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 148,896 shares of the company's stock worth $9,416,000 after purchasing an additional 107,637 shares during the last quarter. Invenomic Capital Management LP grew its position in shares of John B. Sanfilippo & Son by 161.6% during the 4th quarter. Invenomic Capital Management LP now owns 77,474 shares of the company's stock valued at $5,470,000 after purchasing an additional 47,864 shares in the last quarter. Deutsche Bank AG grew its position in shares of John B. Sanfilippo & Son by 22.8% during the 4th quarter. Deutsche Bank AG now owns 256,526 shares of the company's stock valued at $18,111,000 after purchasing an additional 47,559 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of John B. Sanfilippo & Son by 77.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 100,329 shares of the company's stock worth $7,083,000 after purchasing an additional 43,902 shares during the period. Finally, Qube Research & Technologies Ltd increased its holdings in shares of John B. Sanfilippo & Son by 96.3% in the second quarter. Qube Research & Technologies Ltd now owns 80,173 shares of the company's stock worth $5,070,000 after purchasing an additional 39,336 shares during the period. 70.64% of the stock is owned by hedge funds and other institutional investors.

John B. Sanfilippo & Son Trading Up 0.0%

NASDAQ JBSS opened at $73.90 on Thursday. The firm has a market cap of $863.89 million, a PE ratio of 14.05 and a beta of 0.32. John B. Sanfilippo & Son, Inc. has a 1-year low of $59.07 and a 1-year high of $92.08. The stock has a 50-day moving average of $82.63 and a 200-day moving average of $80.04. The company has a current ratio of 2.08, a quick ratio of 0.62 and a debt-to-equity ratio of 0.11.

John B. Sanfilippo & Son (NASDAQ:JBSS - Get Free Report) last posted its quarterly earnings results on Wednesday, August 19th. The company reported $0.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.17 by ($0.46). John B. Sanfilippo & Son had a return on equity of 16.51% and a net margin of 5.27%.The company had revenue of $280.43 million for the quarter, compared to the consensus estimate of $274.87 million. As a group, sell-side analysts forecast that John B. Sanfilippo & Son, Inc. will post 6.42 EPS for the current year.

John B. Sanfilippo & Son Announces Dividend

The firm also recently disclosed a special dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Monday, August 17th will be issued a $1.05 dividend. The ex-dividend date is Monday, August 17th. John B. Sanfilippo & Son's dividend payout ratio (DPR) is 18.06%.

Wall Street Analyst Weigh In

Several analysts have weighed in on JBSS shares. BWS Financial reaffirmed a "buy" rating and issued a $109.00 price target on shares of John B. Sanfilippo & Son in a report on Friday, August 21st. Weiss Ratings raised shares of John B. Sanfilippo & Son from a "hold (c-)" rating to a "hold (c)" rating in a research note on Thursday, June 11th. Freedom Broker upgraded shares of John B. Sanfilippo & Son from a "hold" rating to a "buy" rating and lowered their price objective for the company from $95.00 to $91.00 in a research report on Thursday, August 20th. Wall Street Zen downgraded shares of John B. Sanfilippo & Son from a "buy" rating to a "hold" rating in a report on Saturday, August 8th. Finally, Freedom Capital raised shares of John B. Sanfilippo & Son from a "hold" rating to a "strong-buy" rating in a report on Thursday, August 20th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $100.00.

About John B. Sanfilippo & Son

John B. Sanfilippo & Son, Inc is a family‐held processor and marketer of tree nuts and snack nut products. Headquartered in Elgin, Illinois, the company operates manufacturing facilities, processing plants and sales offices across the United States and abroad. It supplies a broad range of channels, including retail, foodservice, industrial and private‐label customers.

The company's product portfolio spans in‐shell and shelled pecans, walnuts, almonds, cashews, pistachios and peanuts, as well as mixed‐nut blends, chocolate‐covered treats, granolas and specialty snack items.

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