TIAA CREF Investment Management LLC Acquires 5,752 Shares of J & J Snack Foods Corp (JJSF)

TIAA CREF Investment Management LLC grew its holdings in shares of J & J Snack Foods Corp (NASDAQ:JJSF) by 8.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 71,266 shares of the company’s stock after acquiring an additional 5,752 shares during the period. TIAA CREF Investment Management LLC owned about 0.38% of J & J Snack Foods worth $10,820,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. BlackRock Inc. grew its position in shares of J & J Snack Foods by 1.9% during the 4th quarter. BlackRock Inc. now owns 1,864,547 shares of the company’s stock valued at $283,094,000 after acquiring an additional 35,505 shares during the period. Standard Life Aberdeen plc grew its position in shares of J & J Snack Foods by 5.3% during the 4th quarter. Standard Life Aberdeen plc now owns 320,650 shares of the company’s stock valued at $48,684,000 after acquiring an additional 16,208 shares during the period. Acadian Asset Management LLC boosted its holdings in J & J Snack Foods by 9.2% in the 4th quarter. Acadian Asset Management LLC now owns 138,848 shares of the company’s stock worth $21,080,000 after buying an additional 11,695 shares during the period. Geode Capital Management LLC boosted its holdings in J & J Snack Foods by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 137,310 shares of the company’s stock worth $20,847,000 after buying an additional 1,073 shares during the period. Finally, Schwab Charles Investment Management Inc. boosted its holdings in J & J Snack Foods by 6.4% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 98,066 shares of the company’s stock worth $14,890,000 after buying an additional 5,879 shares during the period. 68.93% of the stock is owned by hedge funds and other institutional investors.

How to Become a New Pot Stock Millionaire

In other J & J Snack Foods news, insider Robert M. Radano sold 5,250 shares of the stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $139.34, for a total transaction of $731,535.00. Following the completion of the transaction, the insider now owns 99,872 shares of the company’s stock, valued at approximately $13,916,164.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 21.00% of the stock is owned by corporate insiders.

JJSF has been the subject of several recent analyst reports. CL King initiated coverage on shares of J & J Snack Foods in a report on Tuesday, December 19th. They issued a “buy” rating for the company. Jefferies Group reaffirmed a “hold” rating and issued a $135.00 target price on shares of J & J Snack Foods in a report on Tuesday, January 30th. BidaskClub raised shares of J & J Snack Foods from a “sell” rating to a “hold” rating in a report on Friday, February 9th. Zacks Investment Research raised shares of J & J Snack Foods from a “hold” rating to a “buy” rating and set a $156.00 target price for the company in a report on Saturday, February 3rd. Finally, KeyCorp initiated coverage on shares of J & J Snack Foods in a report on Wednesday, March 28th. They issued a “sector weight” rating for the company. Two analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $145.50.

Shares of J & J Snack Foods stock opened at $138.48 on Friday. The firm has a market capitalization of $2,624.89, a P/E ratio of 32.99 and a beta of 0.59. J & J Snack Foods Corp has a fifty-two week low of $124.10 and a fifty-two week high of $157.33.

J & J Snack Foods (NASDAQ:JJSF) last issued its earnings results on Monday, January 29th. The company reported $0.78 earnings per share for the quarter, missing the consensus estimate of $0.80 by ($0.02). The firm had revenue of $265.20 million during the quarter, compared to the consensus estimate of $253.95 million. J & J Snack Foods had a return on equity of 11.79% and a net margin of 9.07%. The company’s quarterly revenue was up 17.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.72 EPS. analysts expect that J & J Snack Foods Corp will post 4.96 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 4th. Shareholders of record on Thursday, March 15th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.30%. The ex-dividend date was Wednesday, March 14th. J & J Snack Foods’s dividend payout ratio (DPR) is presently 42.76%.

ILLEGAL ACTIVITY WARNING: This report was published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this report on another publication, it was illegally copied and republished in violation of United States and international trademark & copyright legislation. The legal version of this report can be viewed at https://www.dispatchtribunal.com/2018/04/07/tiaa-cref-investment-management-llc-acquires-5752-shares-of-j-j-snack-foods-corp-jjsf.html.

About J & J Snack Foods

J & J Snack Foods Corp. is a manufacturer, marketer and distributor of a range of snack foods and beverages for the food service and retail supermarket industries. The Company operates in three business segments: Food Service, Retail Supermarkets and Frozen Beverages. Its portfolio of products includes soft pretzels, frozen beverages, frozen juice treats and desserts, stuffed sandwiches, burritos, churros, fruit pies, funnel cakes, cookies and bakery goods, and other snack foods and drinks.

Want to see what other hedge funds are holding JJSF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for J & J Snack Foods Corp (NASDAQ:JJSF).

Institutional Ownership by Quarter for J & J Snack Foods (NASDAQ:JJSF)

Receive News & Ratings for J & J Snack Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for J & J Snack Foods and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply