Man Group plc Has $1.29 Million Position in J&J Snack Foods Corp. (NASDAQ:JJSF)

Man Group plc lowered its position in shares of J&J Snack Foods Corp. (NASDAQ:JJSF - Free Report) by 27.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,285 shares of the company's stock after selling 3,063 shares during the quarter. Man Group plc's holdings in J&J Snack Foods were worth $1,285,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of J&J Snack Foods by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 1,653,173 shares of the company's stock worth $256,457,000 after acquiring an additional 20,238 shares during the last quarter. Thrivent Financial for Lutherans raised its position in shares of J&J Snack Foods by 0.4% during the fourth quarter. Thrivent Financial for Lutherans now owns 645,005 shares of the company's stock worth $100,060,000 after acquiring an additional 2,357 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in J&J Snack Foods by 1.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 468,298 shares of the company's stock valued at $72,648,000 after purchasing an additional 6,544 shares during the last quarter. Bank of America Corp DE increased its holdings in J&J Snack Foods by 0.6% in the fourth quarter. Bank of America Corp DE now owns 271,404 shares of the company's stock valued at $42,103,000 after purchasing an additional 1,530 shares during the last quarter. Finally, DAVENPORT & Co LLC increased its holdings in J&J Snack Foods by 5.8% in the fourth quarter. DAVENPORT & Co LLC now owns 248,523 shares of the company's stock valued at $38,596,000 after purchasing an additional 13,653 shares during the last quarter. Institutional investors own 76.04% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Benchmark dropped their price objective on J&J Snack Foods from $165.00 to $150.00 and set a "buy" rating for the company in a report on Wednesday, May 7th. Jefferies Financial Group dropped their price objective on J&J Snack Foods from $175.00 to $135.00 and set a "hold" rating for the company in a report on Tuesday, February 18th.

J&J Snack Foods Stock Up 0.1%

NASDAQ JJSF traded up $0.10 on Thursday, reaching $112.80. The company had a trading volume of 27,099 shares, compared to its average volume of 109,823. The stock's 50 day moving average is $126.01 and its 200-day moving average is $140.16. The stock has a market cap of $2.19 billion, a price-to-earnings ratio of 26.00 and a beta of 0.49. J&J Snack Foods Corp. has a 52 week low of $111.11 and a 52 week high of $180.80.

J&J Snack Foods (NASDAQ:JJSF - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.69 by ($0.34). J&J Snack Foods had a return on equity of 9.84% and a net margin of 5.31%. The business had revenue of $356.10 million during the quarter, compared to the consensus estimate of $369.01 million. During the same quarter last year, the company earned $0.84 earnings per share. The firm's revenue was down 1.0% compared to the same quarter last year. As a group, analysts forecast that J&J Snack Foods Corp. will post 4.75 EPS for the current year.

J&J Snack Foods Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 8th. Shareholders of record on Tuesday, June 17th will be issued a $0.78 dividend. The ex-dividend date is Tuesday, June 17th. This represents a $3.12 annualized dividend and a dividend yield of 2.77%. J&J Snack Foods's dividend payout ratio (DPR) is currently 80.00%.

J&J Snack Foods Profile

J&J Snack Foods Corp. engages in the manufacturing of nutritional snack foods and distribution of frozen beverages to the food service and retail supermarket industries. It operates through the following segments: Food Service, Retail Supermarkets, and Frozen Beverages. The Food Service segment includes soft pretzels, frozen novelties, churros, handheld products, and baked goods.