Charles Schwab Investment Management Inc. Raises Stake in John B. Sanfilippo & Son, Inc. $JBSS

Key Points

• Charles Schwab Investment Management Inc. has increased its stake in John B. Sanfilippo & Son, acquiring an additional 11,955 shares, resulting in ownership of 154,566 shares, equivalent to approximately 1.33% of the company.
• The company's recent earnings report revealed a net margin of 5.32% with earnings per share (EPS) of $1.15 for the last quarter, demonstrating solid financial performance.
• John B. Sanfilippo & Son will pay a special dividend of $0.60 per share, with a dividend yield of 130.0%, enhancing the returns for its shareholders.

Charles Schwab Investment Management Inc. grew its holdings in shares of John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS - Free Report) by 8.4% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 154,566 shares of the company's stock after purchasing an additional 11,955 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.33% of John B. Sanfilippo & Son worth $10,953,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in shares of John B. Sanfilippo & Son by 11.3% in the first quarter. Vanguard Group Inc. now owns 785,730 shares of the company's stock worth $55,677,000 after purchasing an additional 79,763 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of John B. Sanfilippo & Son by 1.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 295,263 shares of the company's stock worth $25,720,000 after purchasing an additional 5,320 shares in the last quarter. Hunter Perkins Capital Management LLC increased its stake in shares of John B. Sanfilippo & Son by 13.6% in the first quarter. Hunter Perkins Capital Management LLC now owns 119,769 shares of the company's stock worth $8,487,000 after purchasing an additional 14,301 shares in the last quarter. Millennium Management LLC increased its stake in shares of John B. Sanfilippo & Son by 12.5% in the fourth quarter. Millennium Management LLC now owns 115,372 shares of the company's stock worth $10,050,000 after purchasing an additional 12,789 shares in the last quarter. Finally, Deutsche Bank AG increased its stake in shares of John B. Sanfilippo & Son by 42.8% in the fourth quarter. Deutsche Bank AG now owns 110,265 shares of the company's stock worth $9,605,000 after purchasing an additional 33,061 shares in the last quarter. Hedge funds and other institutional investors own 70.64% of the company's stock.

John B. Sanfilippo & Son Price Performance

Shares of NASDAQ JBSS traded up $0.31 during midday trading on Friday, reaching $64.90. The stock had a trading volume of 73,306 shares, compared to its average volume of 88,398. The stock has a 50-day moving average of $65.10 and a 200-day moving average of $66.32. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.59 and a current ratio of 2.22. The company has a market capitalization of $755.44 million, a price-to-earnings ratio of 12.90 and a beta of 0.35. John B. Sanfilippo & Son, Inc. has a 12-month low of $58.47 and a 12-month high of $97.47.

John B. Sanfilippo & Son (NASDAQ:JBSS - Get Free Report) last announced its quarterly earnings data on Wednesday, August 20th. The company reported $1.15 earnings per share (EPS) for the quarter. The firm had revenue of $269.08 million during the quarter. John B. Sanfilippo & Son had a net margin of 5.32% and a return on equity of 17.54%.

John B. Sanfilippo & Son Cuts Dividend

The company also recently disclosed a special dividend, which will be paid on Thursday, September 11th. Shareholders of record on Tuesday, August 19th will be given a dividend of $0.60 per share. The ex-dividend date is Tuesday, August 19th. This represents a yield of 130.0%. John B. Sanfilippo & Son's payout ratio is 17.89%.

John B. Sanfilippo & Son Profile

John B. Sanfilippo & Son, Inc engages in the processing and distribution of nuts and nut-related products. It offers peanuts, pecans, cashews, walnuts, almonds, and other nuts under the brands of Fisher, Orchard Valley Harvest, Squirrel Brand, and Southern Style Nuts. The company was founded by Gaspare Sanfilippo and John B.