Raymond James Financial Inc. Reduces Position in John B. Sanfilippo & Son, Inc. $JBSS

Key Points

• Raymond James Financial Inc. reduced its stake in John B. Sanfilippo & Son by 18.1%, holding 55,861 shares worth approximately $3.96 million after selling 12,358 shares in the first quarter.
• The company recently reported a net income of $1.15 EPS and revenue of $269.08 million, reflecting a net margin of 5.32% and a return on equity of 17.54% for the latest quarter.
• John B. Sanfilippo & Son announced a special dividend of $0.60, set to be paid on September 11th, with an ex-dividend date of August 19th, representing a substantial yield of 130.0%.

Raymond James Financial Inc. reduced its stake in John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS - Free Report) by 18.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 55,861 shares of the company's stock after selling 12,358 shares during the period. Raymond James Financial Inc. owned approximately 0.48% of John B. Sanfilippo & Son worth $3,958,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of JBSS. Costello Asset Management INC purchased a new stake in shares of John B. Sanfilippo & Son in the first quarter worth $34,000. Central Pacific Bank Trust Division purchased a new stake in shares of John B. Sanfilippo & Son in the first quarter worth $177,000. IQ EQ FUND MANAGEMENT IRELAND Ltd purchased a new stake in shares of John B. Sanfilippo & Son in the first quarter worth $201,000. ProShare Advisors LLC purchased a new stake in shares of John B. Sanfilippo & Son in the fourth quarter worth $236,000. Finally, Point72 Asset Management L.P. grew its stake in shares of John B. Sanfilippo & Son by 19.6% in the fourth quarter. Point72 Asset Management L.P. now owns 3,093 shares of the company's stock worth $269,000 after acquiring an additional 507 shares during the last quarter. 70.64% of the stock is owned by hedge funds and other institutional investors.

John B. Sanfilippo & Son Stock Up 2.8%

Shares of NASDAQ JBSS traded up $1.74 during trading on Thursday, reaching $63.95. The company had a trading volume of 55,905 shares, compared to its average volume of 76,674. John B. Sanfilippo & Son, Inc. has a 12-month low of $58.47 and a 12-month high of $97.47. The stock has a market cap of $744.38 million, a PE ratio of 12.71 and a beta of 0.39. The business's 50-day moving average is $64.96 and its 200 day moving average is $65.79. The company has a quick ratio of 0.59, a current ratio of 2.22 and a debt-to-equity ratio of 0.04.

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

John B. Sanfilippo & Son Cuts Dividend

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

John B. Sanfilippo & Son Company 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.