Village Super Market, Inc. (NASDAQ:VLGEA) Announces $0.25 Quarterly Dividend

Village Super Market, Inc. (NASDAQ:VLGEA) declared a quarterly dividend on Friday, June 12th. Stockholders of record on Thursday, July 2nd will be paid a dividend of 0.25 per share on Thursday, July 23rd. This represents a c) annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Thursday, July 2nd.

Village Super Market Price Performance

NASDAQ:VLGEA opened at $42.21 on Tuesday. Village Super Market has a one year low of $30.08 and a one year high of $48.21. The stock has a market cap of $625.13 million, a PE ratio of 11.47 and a beta of 0.43. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.88 and a current ratio of 1.17. The stock has a 50 day moving average price of $43.04 and a 200 day moving average price of $40.18.

Village Super Market (NASDAQ:VLGEA) last released its quarterly earnings data on Wednesday, June 3rd. The company reported $0.61 earnings per share for the quarter. The company had revenue of $572.59 million for the quarter. Village Super Market had a return on equity of 10.80% and a net margin of 2.27%.

Insider Buying and Selling

In other Village Super Market news, EVP John Sumas sold 12,703 shares of the firm’s stock in a transaction on Tuesday, April 14th. The stock was sold at an average price of $41.30, for a total transaction of $524,633.90. Following the completion of the sale, the executive vice president owned 102,938 shares of the company’s stock, valued at $4,251,339.40. This trade represents a 10.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO John James Sumas sold 12,702 shares of Village Super Market stock in a transaction on Wednesday, April 8th. The shares were sold at an average price of $43.16, for a total value of $548,218.32. Following the completion of the sale, the chief executive officer owned 36,050 shares in the company, valued at $1,555,918. This represents a 26.05% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 33,405 shares of company stock worth $1,423,892. Company insiders own 59.12% of the company’s stock.

Institutional Investors Weigh In On Village Super Market

Hedge funds have recently added to or reduced their stakes in the business. Franklin Resources Inc. raised its position in shares of Village Super Market by 4.7% during the 3rd quarter. Franklin Resources Inc. now owns 7,192 shares of the company’s stock worth $269,000 after acquiring an additional 324 shares in the last quarter. CANADA LIFE ASSURANCE Co boosted its holdings in Village Super Market by 60.6% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 1,195 shares of the company’s stock valued at $42,000 after purchasing an additional 451 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings in Village Super Market by 2.6% in the first quarter. Janney Montgomery Scott LLC now owns 17,677 shares of the company’s stock valued at $747,000 after purchasing an additional 453 shares in the last quarter. Farther Finance Advisors LLC increased its stake in Village Super Market by 121.9% in the fourth quarter. Farther Finance Advisors LLC now owns 932 shares of the company’s stock valued at $33,000 after purchasing an additional 512 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its stake in Village Super Market by 6.6% in the second quarter. Russell Investments Group Ltd. now owns 8,896 shares of the company’s stock valued at $342,000 after purchasing an additional 547 shares during the last quarter. 39.02% of the stock is currently owned by institutional investors and hedge funds.

About Village Super Market

Village Super Market, Inc is a publicly traded supermarket operator headquartered in Springfield, New Jersey. The company operates a network of ShopRite-branded grocery stores under a membership agreement with Wakefern Food Corp., one of the largest retailer-owned cooperatives in the United States. Through its ShopRite banner, Village Super Market serves communities across northern and central New Jersey, offering a full range of grocery products from fresh produce, meat, seafood and bakery items to dairy, deli and health and beauty merchandise.

The company’s supermarkets feature an array of in-store services designed to meet diverse customer needs.