Who Owns John B. Sanfilippo & Son Company?

John B. Sanfilippo & Son Bundle

Get Full Bundle:

	SWOT	$15	$10
	5 FORCES	$15	$10
	BCG	$15	$10
	CANVAS	$15	$10
	4P's MIX	$15	$10
	PESTLE	$15	$10

TOTAL:

ADD TO CART

Who Really Owns John B. Sanfilippo & Son?

Understanding the ownership structure of a company is crucial for investors and stakeholders alike. The evolution of John B. Sanfilippo & Son SWOT Analysis, from a family-run business to a publicly traded entity, offers a fascinating case study in corporate governance and market dynamics. This article will explore the key players and pivotal moments that have shaped the ownership of this prominent Nut Company.

From its humble beginnings in 1922, the JBSS Company has transformed significantly. The company's journey, marked by strategic decisions and market expansions, has led to its current status as a publicly traded entity with a diverse ownership base. This analysis will provide insights into the major shareholders of JBSS, its stock information, and the factors influencing its financial performance, providing a comprehensive overview of Sanfilippo Company Ownership.

The story of the JBSS Company began in 1922 with Italian immigrant John B. Sanfilippo. He started a small pecan shelling business in Chicago, marking the humble beginnings of what would become a significant player in the nut industry.

John B. Sanfilippo's father, Gaspare Sanfilippo, joined the venture later. Together, they established a small factory on Division Street, focusing on cracking and shelling pecans. This early phase reflected the family-oriented nature of the business, typical of the time.

In the early days, John B. and other family members reportedly earned about $6 per day shelling 40 pounds of pecans per person. This illustrates the labor-intensive nature of the early operations.

Jasper Sanfilippo's Entry

Jasper Sanfilippo, John B.'s son, entered the family business in the 1950s. He initially took a leave from college to help manage the operations.

Company Name Change

In 1959, the company officially became John B. Sanfilippo & Son. This change reflected Jasper's growing role and the company's expansion.

Technological Advancements

Jasper advocated for new technology. He acquired automated pecan crackers in the 1940s, improving efficiency.

Customer Base Expansion

By the late 1950s, the company expanded its customer base. It included bakeries, supermarket chains, and ice cream and candy manufacturers.

Leadership Transition

Upon John B. Sanfilippo's death in 1963, Jasper took over as president. His brother-in-law, Mathias Valentine, also joined the company.

Early Ownership Structure

The early period was characterized by family ownership. Decisions reflected the founders' vision for quality and growth within the nut industry.

Key Developments

The early years of John B. Sanfilippo & Son were marked by significant developments that shaped its future as a leading Nut Company. The company's history demonstrates a transition from a small family business to a more diversified entity. The strategic decisions made during this period, particularly Jasper Sanfilippo's focus on technology and market expansion, laid the groundwork for the company's growth. For more details, you can read an article about the company's history at [this link](0).

• The company's early focus was on pecan shelling, a labor-intensive process.
• Jasper Sanfilippo's leadership brought in automation and expanded the customer base.
• The transition to the name John B. Sanfilippo & Son signaled a broader scope.
• Family ownership was central to the company's values and decision-making in the early years.

John B. Sanfilippo & Son SWOT Analysis

• Complete SWOT Breakdown
• Fully Customizable
• Editable in Excel & Word
• Professional Formatting
• Investor-Ready Format

GET TEMPLATE ➔

The evolution of the Sanfilippo Company Ownership structure took a pivotal turn when the company went public. The initial public offering (IPO) on December 3 or 4, 1991, marked a significant milestone. This strategic move was designed to secure capital for the company's expansion plans. By that year, the nut company's sales had reached $151 million.

The current ownership structure of John B. Sanfilippo & Son, Inc. (JBSS) is characterized by a mix of institutional investors and substantial insider holdings, primarily from the Sanfilippo family. This blend reflects a balance between public market participation and the continued influence of the founding family. As of June 2025, the company's market capitalization is approximately $711.2 million, with 11.6 million shares outstanding.

As of May 2025, institutional investors hold about 72.52% of the company's shares, while insiders hold approximately 2.47%. Major institutional shareholders as of March 31, 2025, include BlackRock, Inc. (13.15%), and The Vanguard Group, Inc. (6.68%). Prominent individual insider shareholders, reflecting the continued family involvement, as of May 2025, include Jasper Brian Sanfilippo Jr. (35.98%) and James J. Sanfilippo (22.44%). For more information about the company's approach to the market, you can review the Marketing Strategy of John B. Sanfilippo & Son.

Ownership Structure Insights

The ownership structure of JBSS is a blend of institutional and insider control, with the Sanfilippo family maintaining a significant influence.

• Institutional investors hold a majority of the shares, indicating public market confidence.
• The Sanfilippo family's substantial stake ensures their continued involvement in the company's direction.
• The IPO in 1991 was a key event that shaped the company's current ownership landscape.
• Understanding the ownership structure provides insights into the company's strategic direction and governance.

John B. Sanfilippo & Son PESTLE Analysis

• Covers All 6 PESTLE Categories
• No Research Needed – Save Hours of Work
• Built by Experts, Trusted by Consultants
• Instant Download, Ready to Use
• 100% Editable, Fully Customizable

GET TEMPLATE ➔

The Board of Directors of John B. Sanfilippo & Son, Inc. (JBSS) oversees the company's strategic direction and governance. As of October 2024, the board includes members from the founding Sanfilippo family and independent directors. This structure helps balance family influence with independent oversight, which is crucial for a publicly traded company.

The board's composition reflects a mix of family members in executive and board positions, alongside independent directors. This blend aims to leverage family expertise while ensuring accountability through independent perspectives. The presence of family members like Jeffrey T. Sanfilippo as Chairman and CEO, and Jasper B. Sanfilippo, Jr. as COO, President, and Assistant Secretary, highlights the family's continued involvement. The independent directors, such as Ellen C. Taaffe, who serves as Lead Independent Director, bring an unbiased perspective to the board's decision-making processes.

The Sanfilippo family maintains significant voting power. Jasper Brian Sanfilippo Jr. holds 35.98% of the shares, indicating substantial influence over company decisions. The company's governance policies, including the Board of Directors Code of Conduct and Corporate Governance Guidelines, aim to ensure transparency and accountability within JBSS. Understanding the ownership structure is key to assessing the company's strategic direction. To learn more about their strategic approach, you can read about the Growth Strategy of John B. Sanfilippo & Son.

Key Takeaways

The Board of Directors at John B. Sanfilippo & Son includes family members and independent directors, ensuring a mix of experience and oversight.

• The Sanfilippo family maintains substantial voting power.
• Independent directors provide unbiased perspectives on key decisions.
• The company's governance policies promote transparency and accountability.
• Understanding the board's composition is crucial for assessing the company's strategic direction.

John B. Sanfilippo & Son Business Model Canvas

• Complete 9-Block Business Model Canvas
• Effortlessly Communicate Your Business Strategy
• Investor-Ready BMC Format
• 100% Editable and Customizable
• Clear and Structured Layout

GET TEMPLATE ➔

Recent developments in the last 3-5 years have significantly influenced the ownership profile of John B. Sanfilippo & Son. The acquisition of the TreeHouse Foods snack bar business in September 2023, known as the 'Lakeville Acquisition,' was a key strategic move. This acquisition contributed approximately $120.0 million in net sales for fiscal year 2024 and is expected to boost revenue in the bar category significantly, with a target of $300 million to $500 million in 3-5 years. The company plans to invest about $90 million to expand its bar production capacity by the end of fiscal 2026. These strategic shifts and financial investments reflect the company's growth strategy, which impacts investor confidence and, consequently, the ownership structure of the Nut Company.

Financially, John B. Sanfilippo & Son reached over $1 billion in annual net sales for the first time in fiscal year 2024, totaling $1.07 billion, primarily due to the Lakeville Acquisition. However, the first quarter of fiscal 2025 saw a decrease in gross profit and diluted EPS despite an increase in net sales volume. The second quarter of fiscal 2025 reported the highest quarterly sales volume and net sales in the company's history, reaching $301.1 million. For the third quarter of fiscal 2025, net sales decreased by 4.0% to $260.9 million, but diluted EPS increased by 49.6% to $1.72 per share, driven by cost control and alignment of selling prices with commodity costs. These fluctuations in financial performance provide insights into the JBSS Company's operational efficiency and market position, influencing investor decisions and ownership trends.

In terms of Sanfilippo Company Ownership, institutional ownership remains substantial, with institutions holding 72.52% as of May 2025. Major institutional holders included BlackRock, Inc., Vanguard Group Inc, and Thrivent Financial for Lutherans as of March 31, 2025. Insider holdings, primarily by the Sanfilippo family, also remain significant, with Jasper Brian Sanfilippo Jr. holding a substantial portion of shares. The company's commitment to shareholder returns is evident through its consistent increase in the annual dividend, which rose by 6.3% to $0.85 per share for fiscal 2024, and a special dividend of $1.25 per share paid in September 2024. These factors contribute to the overall picture of who controls John B. Sanfilippo & Son and its investment appeal. For more details about the company's financial model, check out Revenue Streams & Business Model of John B. Sanfilippo & Son.

Recent Acquisition

The Lakeville Acquisition in September 2023 was a key strategic move, contributing to over $1 billion in annual net sales for the first time in fiscal year 2024. This acquisition is expected to significantly boost revenue in the bar category. The company plans to invest approximately $90 million to expand its bar production capacity by the end of fiscal 2026.

Financial Performance

Fiscal year 2024 saw net sales exceeding $1 billion. While the first quarter of fiscal 2025 saw a decrease in gross profit, the second quarter reported the highest sales volume in the company's history. The third quarter of fiscal 2025 showed a decrease in net sales but an increase in diluted EPS.

Ownership Trends

Institutional ownership remains significant, at 72.52% as of May 2025. Major holders include BlackRock and Vanguard. Insider holdings by the Sanfilippo family are also substantial. The company has consistently increased its annual dividend, reflecting a commitment to shareholder returns.

Stock Information

As of June 11, 2025, the closing stock price was $63.93. Over the last five years, the stock has delivered a 20% gain to shareholders. The company's stock price has experienced fluctuations over the past years.

John B. Sanfilippo & Son Porter's Five Forces Analysis

• Covers All 5 Competitive Forces in Detail
• Structured for Consultants, Students, and Founders
• 100% Editable in Microsoft Word & Excel
• Instant Digital Download – Use Immediately
• Compatible with Mac & PC – Fully Unlocked

GET TEMPLATE ➔

Related Blogs