IFG Advisory LLC Takes $1.23 Million Position in John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS)

Key Points

• IFG Advisory LLC has acquired a new stake in John B. Sanfilippo & Son, purchasing 17,375 shares valued at approximately $1,231,000, representing roughly 0.15% of the company's stock.
• Institutional investors own 70.64% of John B. Sanfilippo & Son, with notable purchases made by Norges Bank and KLP Kapitalforvaltning AS during the 4th quarter.
• John B. Sanfilippo & Son announced a special $0.60 per share dividend to be paid on September 11, yielding approximately 130.0%, with a payout ratio of 17.93%.

IFG Advisory LLC acquired a new stake in shares of John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 17,375 shares of the company's stock, valued at approximately $1,231,000. IFG Advisory LLC owned about 0.15% of John B. Sanfilippo & Son at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Dunhill Financial LLC increased its holdings in John B. Sanfilippo & Son by 100.0% in the 4th quarter. Dunhill Financial LLC now owns 606 shares of the company's stock valued at $53,000 after buying an additional 303 shares during the period. KLP Kapitalforvaltning AS bought a new stake in John B. Sanfilippo & Son in the 4th quarter valued at about $139,000. Aquatic Capital Management LLC bought a new position in John B. Sanfilippo & Son in the fourth quarter worth about $147,000. Central Pacific Bank Trust Division bought a new stake in John B. Sanfilippo & Son during the 1st quarter valued at approximately $177,000. Finally, ProShare Advisors LLC purchased a new position in John B. Sanfilippo & Son in the 4th quarter worth about $236,000. 70.64% of the stock is currently owned by institutional investors and hedge funds.

John B. Sanfilippo & Son Stock Performance

Shares of JBSS stock traded up $1.04 during trading hours on Thursday, hitting $63.79. The company's stock had a trading volume of 32,682 shares, compared to its average volume of 78,774. The company has a 50 day moving average of $64.65 and a 200 day moving average of $68.18. John B. Sanfilippo & Son, Inc. has a 12-month low of $58.47 and a 12-month high of $102.18. The stock has a market cap of $750.17 million, a PE ratio of 13.46 and a beta of 0.35. The company has a current ratio of 2.01, a quick ratio of 0.53 and a debt-to-equity ratio of 0.02.

John B. Sanfilippo & Son Cuts Dividend

The company also recently announced 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. This represents a yield of 130.0%. The ex-dividend date is Tuesday, August 19th. John B. Sanfilippo & Son's payout ratio is presently 17.93%.

About John B. Sanfilippo & Son

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.