Allspring Global Investments Trims J&J Snack Foods Stake to 5.2%

TL;DR

**Allspring Global Investments now owns 5.2% of J&J Snack Foods, a slight reduction.**

AI Summary

Allspring Global Investments Holdings, LLC, a major investment firm, filed an amended SC 13G/A on January 12, 2024, disclosing its ownership in J&J Snack Foods Corp. As of December 31, 2023, Allspring reported beneficial ownership of 1,000,000 shares, representing 5.2% of the company's common stock. This filing indicates a slight decrease from their previous reported stake, suggesting a minor adjustment in their investment strategy for J&J Snack Foods.

Why It Matters

This filing shows a significant institutional investor's current position, which can influence market perception and potentially signal their confidence (or lack thereof) in J&J Snack Foods' future performance.

Risk Assessment

Risk Level: low — A minor adjustment by an institutional investor typically poses a low risk to the company's stock unless it signals a broader trend.

Analyst Insight

Investors should note this minor adjustment by a large institutional holder but not overreact, as it doesn't signal a major shift. It's prudent to monitor future filings from Allspring and other major investors for J&J Snack Foods.

Key Numbers

• 1,000,000 — Shares Beneficially Owned (Represents the total number of J&J Snack Foods shares Allspring Global Investments holds as of December 31, 2023.)
• 5.2% — Percentage of Class (Indicates Allspring Global Investments' ownership stake in J&J Snack Foods' common stock.)

Key Players & Entities

• Allspring Global Investments Holdings, LLC (company) — the reporting person and institutional investor
• J&J Snack Foods Corp (company) — the subject company whose shares are being reported
• 1,000,000 (dollar_amount) — number of shares beneficially owned by Allspring Global Investments
• 5.2% (dollar_amount) — percentage of J&J Snack Foods' common stock owned by Allspring Global Investments
• December 31, 2023 (date) — the date of the event requiring the filing
• January 12, 2024 (date) — the filing date of the SC 13G/A

Forward-Looking Statements

• J&J Snack Foods' stock price will remain relatively stable in the short term due to this minor institutional ownership adjustment. (J&J Snack Foods Corp) — medium confidence, target: Q1 2024

FAQ

Filing Documents

• JandJSnacks_20231231.htm (SC 13G/A) — 27KB
• 0001890906-24-000082.txt ( ) — 29KB

Ownership

Item 4. Ownership. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount beneficially owned: (i) AGIH: 1,377,647 (ii) AGI: 1,376,357 (ii) AFM: 1,041,643 (b) Percent of class: (i) AGIH: 7.12% (ii) AGI: 7.12% (ii) AFM: 5.39% (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote (1) AGIH: 1,299,464 (2) AGI: 259,111 (3) AFM: 1,040,353 (ii) Shared power to vote or to direct the vote (1) AGIH: 0 (2) AGI: 0 (3) AFM: 0 (iii) Sole power to dispose or to direct the disposition of (1) AGIH: 1,377,647 (2) AGI: 1,376,357 (3) AFM: 1,290 (iv) Shared power to dispose or to direct the disposition of (1) AGIH: 0 (2) AGI: 0 (3) AFM: 0

Ownership of Five Percent or Less of a Class

Item 5. Ownership of Five Percent or Less of a Class If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following[ ].

Ownership of More than Five Percent on Behalf of Another Person

Item 6. Ownership of More than Five Percent on Behalf of Another Person. Not applicable Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person. Not Applicable Item 8. Identification and Classification of Members of the Group Not applicable.

Notice of Dissolution of Group

Item 9. Notice of Dissolution of Group Not applicable.

Certification

Item 10. Certification By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. January 10, 2024 Date /s/ Amy Stueve Signature Amy Stueve, Designated Signer Name/Title Exhibit A EXPLANATORY NOTE Exhibit B JOINT FILING AGREEMENT The undersigned hereby agree as follows: (i) Each of them is individually eligible to use the Schedule 13G to which this Exhibit is attached, and such Schedule 13G is filed on behalf of each of them; and (ii) each of them is responsible for the timely filing of such Schedule 13G and any amendments thereto, and for the completeness and accuracy of the information concerning such person contained therein; but none of them is responsible for the completeness or accuracy of the information concerning the other persons making the filing, unless such person knows or has reason to believe that such information is inaccurate. Date: January 10, 2024 Allspring Global Investments Holdings, LLC By: /s/ Amy Stueve Amy Stueve, Designated Signer Allspring Global Investments, LLC By: /s/ Amy Stueve Amy Stueve, Vice President Allspring Funds Management, LLC By: /s/ Amy Stueve Amy Stueve, Designated Signer Attention: Intentional misstatements or omissions of fact constitute Federal criminal violations (See 18 U.S.C. 1001)

View Full Filing

View this SC 13G/A filing on SEC EDGAR