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 purchased a new position in shares of John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 17,375 shares of the company's stock, valued at approximately $1,231,000. IFG Advisory LLC owned 0.15% of John B. Sanfilippo & Son as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Dunhill Financial LLC raised its stake in shares of John B. Sanfilippo & Son by 100.0% during the 4th quarter. Dunhill Financial LLC now owns 606 shares of the company's stock worth $53,000 after buying an additional 303 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new stake in shares of John B. Sanfilippo & Son in the fourth quarter valued at about $139,000. Aquatic Capital Management LLC purchased a new stake in shares of John B. Sanfilippo & Son in the fourth quarter valued at about $147,000. Central Pacific Bank Trust Division acquired a new stake in shares of John B. Sanfilippo & Son in the first quarter valued at approximately $177,000. Finally, ProShare Advisors LLC purchased a new position in shares of John B. Sanfilippo & Son during the 4th quarter worth approximately $236,000. Hedge funds and other institutional investors own 70.64% of the company's stock.

John B. Sanfilippo & Son Price Performance

John B. Sanfilippo & Son stock traded down $0.38 during midday trading on Tuesday, reaching $63.45. 64,880 shares of the company were exchanged, compared to its average volume of 72,838. The firm's 50-day simple moving average is $64.63 and its 200-day simple moving average is $68.21. John B. Sanfilippo & Son, Inc. has a 1 year low of $58.47 and a 1 year high of $102.63. The company has a market capitalization of $746.17 million, a price-to-earnings ratio of 13.39 and a beta of 0.35. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.53 and a current ratio of 2.01.

John B. Sanfilippo & Son Cuts Dividend

The company also recently declared 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 of this dividend is Tuesday, August 19th. John B. Sanfilippo & Son's payout ratio is 17.93%.

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.