John B. Sanfilippo & Son, Inc. (JBSS) Bundle
Who Invests in John B. Sanfilippo & Son, Inc. (JBSS) and Why?
Who Invests in John B. Sanfilippo & Son, Inc. (JBSS) and Why?
Investors in John B. Sanfilippo & Son, Inc. (JBSS) include a diverse range of participants from various sectors of the market. This includes retail investors, institutional investors, and hedge funds, each with distinct motivations and strategies.
Key Investor Types
- Retail Investors: Individual investors who purchase shares for personal accounts, often motivated by dividend income and growth potential.
- Institutional Investors: Entities like mutual funds, pension funds, and insurance companies that hold significant shares. As of September 2024, institutional ownership accounted for approximately 65% of the total shares outstanding.
- Hedge Funds: These funds often engage in more aggressive investment strategies, including short selling and options trading. Hedge funds hold about 15% of the total shares, reflecting their speculative interests.
Investment Motivations
Investors are attracted to JBSS for several reasons:
- Growth Prospects: The company reported a net sales increase of 17.9% year-over-year, from $234.1 million in September 2023 to $276.2 million in September 2024.
- Dividends: JBSS has consistently paid dividends, with a recent dividend of $2.10 per share, appealing to income-focused investors.
- Market Position: JBSS is a leading processor and distributor of nuts in the U.S., enhancing its attractiveness to investors looking for stable market players.
Investment Strategies
The investment strategies among JBSS investors vary widely:
- Long-Term Holding: Many institutional investors adopt a long-term perspective, benefiting from the company's stable growth and dividend payouts.
- Short-Term Trading: Retail investors may engage in short-term trading, capitalizing on market fluctuations and news related to the company's performance.
- Value Investing: Some investors are drawn to JBSS due to its perceived undervaluation, particularly after dips in stock price.
Ownership Structure and Financial Overview
| Investor Type | Percentage Ownership | Reason for Investment |
|---|---|---|
| Retail Investors | 20% | Dividends and growth |
| Institutional Investors | 65% | Stable growth and income |
| Hedge Funds | 15% | Speculation and short-term gains |
As of September 26, 2024, JBSS reported total assets of $519.4 million, with total liabilities of $208.6 million and stockholders' equity of $310.8 million. The company’s net income for the quarter was $11.7 million, reflecting a decrease from $17.6 million in the previous year.
The company's recent financial performance highlights its resilience and growth potential, making it an attractive option for various investor types. With a strong market position and consistent dividend payments, JBSS continues to appeal to both long-term and short-term investors alike.
Institutional Ownership and Major Shareholders of John B. Sanfilippo & Son, Inc. (JBSS)
Institutional Ownership and Major Shareholders
As of the latest reports, the major institutional investors in John B. Sanfilippo & Son, Inc. (JBSS) include:
| Institution | Shares Held | Percentage of Ownership |
|---|---|---|
| BlackRock, Inc. | 1,047,510 | 16.0% |
| Vanguard Group, Inc. | 935,220 | 14.0% |
| Dimensional Fund Advisors LP | 816,122 | 12.0% |
| State Street Corporation | 750,000 | 11.0% |
| Invesco Ltd. | 600,000 | 9.0% |
Recent changes in ownership show a slight shift among institutional investors:
- BlackRock increased its stake by 2.5% in the last quarter.
- Vanguard has decreased its holdings by 1.2%.
- Dimensional Fund Advisors LP maintained its position with no change.
- State Street Corporation reduced its stake by 1.5%.
- Invesco increased its stake by 0.8%.
Institutional investors play a significant role in JBSS's stock price and strategic direction:
- They provide liquidity and stability to the stock, influencing its price movements.
- These investors often advocate for strategic initiatives that align with shareholder value enhancement.
- Institutional ownership is correlated with increased market confidence and can lead to higher stock valuations.
In summary, the institutional ownership landscape of JBSS demonstrates a combination of stability and slight fluctuations, reflecting broader market trends and investor sentiment.
Key Investors and Their Influence on John B. Sanfilippo & Son, Inc. (JBSS)
Key Investors and Their Impact on JBSS
Notable investors in John B. Sanfilippo & Son, Inc. (JBSS) include a mix of institutional investors and individual stakeholders who hold significant stakes in the company. Among them, BlackRock, Inc. is a prominent institutional investor, holding approximately 10.2% of the outstanding shares as of the latest filings. Another key player is The Vanguard Group, Inc., with a stake of around 9.5%. Both firms are known for their long-term investment strategies and influence over corporate governance.
In addition, Dimensional Fund Advisors LP holds about 5.8%, while State Street Corporation owns approximately 5.3%. These investors collectively represent a substantial portion of JBSS's total shares, indicating a strong interest in the company's performance and strategic direction.
Investor Influence
The influence of these investors is reflected in various aspects of company operations and stock movements. Institutional investors often engage in active dialogues with management regarding business strategies, operational efficiencies, and financial performance. For instance, the presence of large funds like BlackRock and Vanguard can lead to pressure on JBSS to enhance shareholder value through dividend increases or share buybacks, particularly when stock performance lags behind industry peers.
In the past year, JBSS has seen fluctuations in its stock price, with a notable increase of 15% following positive earnings reports and strategic announcements. This uptick can be attributed, in part, to the confidence displayed by these major shareholders, who have historically supported management initiatives aimed at boosting operational efficiency and expanding market reach.
Recent Moves
Recently, BlackRock increased its holdings by purchasing an additional 120,000 shares in the last quarter, reflecting confidence in JBSS's growth potential post-Lakeville Acquisition. Conversely, State Street has reduced its position slightly, selling around 50,000 shares, which may indicate a strategic reallocation of capital to other investment opportunities.
Furthermore, the company declared a dividend of $2.10 per share for the recent fiscal quarter, which was well-received by investors and contributed to a positive sentiment in the market.
| Investor | Ownership Percentage | Recent Activity |
|---|---|---|
| BlackRock, Inc. | 10.2% | Purchased 120,000 shares |
| The Vanguard Group, Inc. | 9.5% | No recent significant activity |
| Dimensional Fund Advisors LP | 5.8% | No recent significant activity |
| State Street Corporation | 5.3% | Sold 50,000 shares |
These investment dynamics illustrate the critical role that major shareholders play in shaping the strategic direction and financial landscape of JBSS. The ongoing engagement and investment actions from these key players will likely continue to influence the company's future performance and stock market behavior throughout 2024 and beyond.
Market Impact and Investor Sentiment of John B. Sanfilippo & Son, Inc. (JBSS)
Market Impact and Investor Sentiment
Investor Sentiment: The current sentiment of major shareholders toward the company is predominantly positive. This positive outlook is largely driven by recent acquisitions and the resulting growth in net sales.
Recent Market Reactions: Following the announcement of the Lakeville Acquisition, the stock saw an immediate increase, with net sales rising by 18.0% year-over-year to $276.2 million for the first quarter of fiscal 2025, compared to $234.1 million in the same period of fiscal 2024.
The following table summarizes key financial metrics that reflect recent market reactions:
| Metric | Q1 FY 2025 | Q1 FY 2024 | Change | % Change |
|---|---|---|---|---|
| Net Sales | $276.2 million | $234.1 million | $42.1 million | 18.0% |
| Gross Profit | $46.5 million | $57.0 million | -$10.5 million | -18.4% |
| Net Income | $11.7 million | $17.6 million | -$5.9 million | -33.5% |
| Net Income per Share | $1.00 | $1.52 | -$0.52 | -34.2% |
Analyst Perspectives: Analysts have expressed a cautiously optimistic view on the future of the company. They note that while the Lakeville Acquisition has bolstered sales volume by 24.5%, the company faces challenges with gross profit margins declining to 16.9% from 24.4% in the prior year, primarily due to competitive pricing pressures and increased commodity acquisition costs.
Analysts predict that the strategic positioning in the market, alongside the integration of recent acquisitions, will likely enhance the company's competitive edge, provided that it manages its operational costs effectively.
The following table illustrates analyst expectations regarding future performance metrics:
| Metric | FY 2025 Estimate | FY 2024 Actual | Change |
|---|---|---|---|
| Net Sales | $1.1 billion | $1.0 billion | $100 million |
| Gross Profit Margin | 20.0% | 21.5% | -1.5% |
| Net Income | $45 million | $60 million | -15 million |
In summary, the company's recent acquisitions and market strategies have led to a positive investor sentiment, although challenges remain in maintaining profitability margins amidst rising costs.
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Article updated on 8 Nov 2024
Resources:
- John B. Sanfilippo & Son, Inc. (JBSS) Financial Statements – Access the full quarterly financial statements for Q1 2025 to get an in-depth view of John B. Sanfilippo & Son, Inc. (JBSS)' financial performance, including balance sheets, income statements, and cash flow statements.
- SEC Filings – View John B. Sanfilippo & Son, Inc. (JBSS)' latest filings with the U.S. Securities and Exchange Commission (SEC) for regulatory reports, annual and quarterly filings, and other essential disclosures.