Comerica Bank Has $669,000 Stock Position in John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS)

Comerica Bank trimmed its holdings in John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS) by 4.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,250 shares of the company’s stock after selling 414 shares during the quarter. Comerica Bank owned about 0.07% of John B. Sanfilippo & Son worth $669,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in JBSS. Public Employees Retirement Association of Colorado lifted its position in shares of John B. Sanfilippo & Son by 12.8% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 205,950 shares of the company’s stock valued at $16,412,000 after acquiring an additional 23,447 shares during the last quarter. WCM Investment Management LLC boosted its holdings in John B. Sanfilippo & Son by 71.9% during the first quarter. WCM Investment Management LLC now owns 94,630 shares of the company’s stock valued at $6,801,000 after acquiring an additional 39,592 shares during the period. Acadian Asset Management LLC boosted its holdings in John B. Sanfilippo & Son by 1.1% during the first quarter. Acadian Asset Management LLC now owns 78,637 shares of the company’s stock valued at $5,652,000 after acquiring an additional 871 shares during the period. Martingale Asset Management L P boosted its holdings in John B. Sanfilippo & Son by 23.4% during the first quarter. Martingale Asset Management L P now owns 52,153 shares of the company’s stock valued at $3,749,000 after acquiring an additional 9,900 shares during the period. Finally, California Public Employees Retirement System boosted its holdings in John B. Sanfilippo & Son by 100.0% during the first quarter. California Public Employees Retirement System now owns 27,312 shares of the company’s stock valued at $1,963,000 after acquiring an additional 13,653 shares during the period. Hedge funds and other institutional investors own 68.92% of the company’s stock.

A number of research analysts have commented on the stock. BidaskClub upgraded shares of John B. Sanfilippo & Son from a “hold” rating to a “buy” rating in a research note on Tuesday, August 27th. Sidoti raised their price objective on shares of John B. Sanfilippo & Son from $83.00 to $91.00 and gave the stock a “neutral” rating in a report on Thursday, September 5th.

In other John B. Sanfilippo & Son news, CFO Michael J. Valentine sold 5,362 shares of John B. Sanfilippo & Son stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $95.03, for a total transaction of $509,550.86. Following the completion of the sale, the chief financial officer now owns 41,619 shares of the company’s stock, valued at approximately $3,955,053.57. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Frank S. Pellegrino sold 750 shares of John B. Sanfilippo & Son stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $94.78, for a total transaction of $71,085.00. Following the sale, the vice president now directly owns 15,901 shares of the company’s stock, valued at approximately $1,507,096.78. The disclosure for this sale can be found here. In the last three months, insiders sold 14,818 shares of company stock valued at $1,367,115. 22.60% of the stock is currently owned by company insiders.

Shares of NASDAQ JBSS traded up $0.21 during mid-day trading on Friday, hitting $94.81. 6,267 shares of the stock were exchanged, compared to its average volume of 121,651. The company has a market cap of $1.06 billion, a P/E ratio of 27.07 and a beta of 0.98. The stock’s fifty day simple moving average is $86.47 and its two-hundred day simple moving average is $78.03. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.81 and a current ratio of 2.69. John B. Sanfilippo & Son, Inc. has a twelve month low of $53.12 and a twelve month high of $96.88.

John B. Sanfilippo & Son (NASDAQ:JBSS) last issued its quarterly earnings results on Wednesday, August 21st. The company reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.32. The business had revenue of $216.76 million during the quarter. John B. Sanfilippo & Son had a net margin of 4.50% and a return on equity of 16.55%.

The business also recently declared an annual dividend, which was paid on Tuesday, August 20th. Investors of record on Tuesday, August 6th were issued a $0.60 dividend. The ex-dividend date was Monday, August 5th. This represents a dividend yield of 0.74%. This is a positive change from John B. Sanfilippo & Son’s previous annual dividend of $0.55.

John B. Sanfilippo & Son Profile

John B. Sanfilippo & Son, Inc, together with 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.

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Institutional Ownership by Quarter for John B. Sanfilippo & Son (NASDAQ:JBSS)

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