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J&J Snack Foods Declares a Dividend of $0.42 per Share

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Price movement

J&J Snack Foods (JJSF) has a market cap of $2.4 billion. It rose 1.7% to close at $129.40 per share on December 8, 2016. The stock’s weekly, monthly, and year-to-date (or YTD) price movements were 7.9%, 11.6%, and 12.1%, respectively, on the same day. JJSF is trading 6.1% above its 20-day moving average, 7.7% above its 50-day moving average, and 13.7% above its 200-day moving average.

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Related ETF and peers

The PowerShares S&P SmallCap Low Volatility ETF (XSLV) invests 1.1% of its holdings in JJSF. The YTD price movement of XSLV was 30.4% on December 8. The market caps of JJSF’s competitors are as follows:

  • Pinnacle Foods (PF) — $6.0 billion
  • TreeHouse Foods (THS) — $4.1 billion
  • Snyder’s-Lance (LNCE) — $3.7 billion

J&J Snack declares a dividend

J&J Snack Foods has declared a regular quarterly cash dividend of $0.42 per share on its common stock. The dividend will be paid on January 11, 2017, to shareholders of record at the close of business on December 21, 2016.

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Performance of J&J Snack Foods in fiscal 4Q16

J&J Snack Foods reported fiscal 4Q16 net sales of $262.2 million, a rise of 0.92% over the net sales of $259.8 million reported in fiscal 4Q15. The company’s gross profit margin and operating margin narrowed 130 basis points and 130 basis points, respectively, between fiscal 4Q15 and fiscal 4Q16. Its net income and EPS (earnings per share) rose to $20.6 million and $1.10, respectively, in fiscal 4Q16, compared with $19.8 million and $1.05 in fiscal 4Q15.

Fiscal 2016 results

In fiscal 2016, JJSF reported net sales of $992.8 million, a rise of 1.7% YoY (year-over-year). The company’s gross profit margin narrowed ten basis points in fiscal 2016. Its net income and EPS rose to $76.0 million and $4.05, respectively, in fiscal 2016, compared with $70.2 million and $3.73 in fiscal 2015.

JJSF’s cash and cash equivalents and inventories rose 5.2% and 7.3%, respectively, between fiscal 2015 and fiscal 2016. Its current ratio rose to 3.5x in fiscal 2016, compared with 3.4x in fiscal 2015. In the next and final part of this series, we’ll look at BorgWarner (BWA).

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