Confluence Investment Management LLC Trims Stock Holdings in John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS)

Confluence Investment Management LLC trimmed its holdings in John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS) by 4.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 32,115 shares of the company’s stock after selling 1,439 shares during the quarter. Confluence Investment Management LLC owned approximately 0.28% of John B. Sanfilippo & Son worth $3,121,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of JBSS. DekaBank Deutsche Girozentrale bought a new stake in John B. Sanfilippo & Son during the 4th quarter valued at $37,000. Heritage Wealth Advisors boosted its position in John B. Sanfilippo & Son by 218.4% during the 1st quarter. Heritage Wealth Advisors now owns 1,592 shares of the company’s stock valued at $169,000 after acquiring an additional 1,092 shares in the last quarter. Johnson Investment Counsel Inc. bought a new stake in John B. Sanfilippo & Son during the 4th quarter valued at $246,000. DGS Capital Management LLC boosted its position in John B. Sanfilippo & Son by 18.1% during the 4th quarter. DGS Capital Management LLC now owns 2,444 shares of the company’s stock valued at $252,000 after acquiring an additional 375 shares in the last quarter. Finally, Gladstone Institutional Advisory LLC acquired a new stake in shares of John B. Sanfilippo & Son in the 4th quarter worth $255,000. 70.64% of the stock is currently owned by hedge funds and other institutional investors.

John B. Sanfilippo & Son Stock Up 0.3 %

Shares of John B. Sanfilippo & Son stock traded up $0.27 during trading on Friday, reaching $104.35. The company’s stock had a trading volume of 50,538 shares, compared to its average volume of 70,237. The company has a quick ratio of 0.71, a current ratio of 2.46 and a debt-to-equity ratio of 0.02. The company has a market cap of $1.21 billion, a price-to-earnings ratio of 18.77 and a beta of 0.09. John B. Sanfilippo & Son, Inc. has a 1-year low of $90.02 and a 1-year high of $109.83. The company has a 50-day simple moving average of $98.42 and a two-hundred day simple moving average of $100.90.

John B. Sanfilippo & Son (NASDAQ:JBSS) last posted its quarterly earnings data on Wednesday, May 1st. The company reported $1.15 earnings per share for the quarter. The firm had revenue of $271.88 million during the quarter. John B. Sanfilippo & Son had a return on equity of 21.48% and a net margin of 6.29%.

John B. Sanfilippo & Son Increases Dividend

The firm also recently disclosed an annual dividend, which will be paid on Wednesday, September 11th. Stockholders of record on Tuesday, August 20th will be given a $2.10 dividend. This is a boost from John B. Sanfilippo & Son’s previous annual dividend of $2.00. The ex-dividend date is Tuesday, August 20th. This represents a dividend yield of 2.09%. John B. Sanfilippo & Son’s dividend payout ratio (DPR) is presently 14.39%.

About John B. Sanfilippo & Son

John B. Sanfilippo & Son, Inc, through its subsidiary, JBSS Ventures, LLC, processes and distributes tree nuts and peanuts in the United States. The company offers raw and processed nuts, including almonds, pecans, peanuts, black walnuts, English walnuts, cashews, macadamia nuts, pistachios, pine nuts, Brazil nuts, and filberts in various styles and seasonings.