John B. Sanfilippo & Son, Inc. $JBSS Shares Sold by Raymond James Financial Inc.

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

Other institutional investors have also modified their holdings of the company. Russell Investments Group Ltd. lifted its stake in shares of John B. Sanfilippo & Son by 15.5% in the 1st quarter. Russell Investments Group Ltd. now owns 9,132 shares of the company's stock worth $647,000 after acquiring an additional 1,224 shares during the period. HighTower Advisors LLC grew its stake in John B. Sanfilippo & Son by 16.3% in the 1st quarter. HighTower Advisors LLC now owns 28,670 shares of the company's stock valued at $2,032,000 after buying an additional 4,015 shares during the last quarter. Public Sector Pension Investment Board grew its position in John B. Sanfilippo & Son by 28.1% in the 1st quarter. Public Sector Pension Investment Board now owns 28,689 shares of the company's stock worth $2,033,000 after purchasing an additional 6,288 shares during the last quarter. Nuveen LLC acquired a new stake in John B. Sanfilippo & Son in the 1st quarter worth $1,813,000. Finally, Invesco Ltd. lifted its holdings in shares of John B. Sanfilippo & Son by 2.1% during the 1st quarter. Invesco Ltd. now owns 80,692 shares of the company's stock worth $5,718,000 after acquiring an additional 1,694 shares during the period. Institutional investors own 70.64% of the company's stock.

John B. Sanfilippo & Son Trading Up 1.1%

Shares of JBSS stock opened at $64.30 on Friday. John B. Sanfilippo & Son, Inc. has a 12-month low of $58.47 and a 12-month high of $97.47. The company has a market capitalization of $748.45 million, a P/E ratio of 12.78 and a beta of 0.39. The company has a quick ratio of 0.59, a current ratio of 2.22 and a debt-to-equity ratio of 0.04. The firm has a 50-day moving average price of $65.13 and a 200 day moving average price of $66.00.

John B. Sanfilippo & Son (NASDAQ:JBSS - Get Free Report) last issued 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 firm also recently disclosed a special dividend, which will be paid on Thursday, September 11th. Investors of record on Tuesday, August 19th will be issued a $0.60 dividend. This represents a yield of 130.0%. The ex-dividend date is Tuesday, August 19th. John B. Sanfilippo & Son's dividend payout ratio (DPR) 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.

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