Mutual of America Capital Management LLC Has $2 Million Stock Holdings in The Scotts Miracle-Gro Company (NYSE:SMG)

Mutual of America Capital Management LLC reduced its stake in The Scotts Miracle-Gro Company (NYSE:SMG) by 4.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 23,032 shares of the basic materials company’s stock after selling 1,035 shares during the period. Mutual of America Capital Management LLC’s holdings in Scotts Miracle-Gro were worth $1,997,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Versant Capital Management Inc boosted its holdings in shares of Scotts Miracle-Gro by 80.1% during the second quarter. Versant Capital Management Inc now owns 389 shares of the basic materials company’s stock worth $25,000 after acquiring an additional 173 shares during the period. Whittier Trust Co. of Nevada Inc. acquired a new position in Scotts Miracle-Gro in the 2nd quarter valued at $25,000. Global X Japan Co. Ltd. bought a new position in Scotts Miracle-Gro during the 3rd quarter worth $26,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Scotts Miracle-Gro during the second quarter worth $29,000. Finally, Farther Finance Advisors LLC boosted its position in shares of Scotts Miracle-Gro by 427.0% in the third quarter. Farther Finance Advisors LLC now owns 332 shares of the basic materials company’s stock valued at $29,000 after acquiring an additional 269 shares during the period. 74.07% of the stock is owned by institutional investors.

Scotts Miracle-Gro Stock Performance

NYSE SMG opened at $77.86 on Monday. The firm’s fifty day moving average price is $82.15 and its two-hundred day moving average price is $72.92. The stock has a market cap of $4.42 billion, a PE ratio of -112.84 and a beta of 1.76. The Scotts Miracle-Gro Company has a fifty-two week low of $53.43 and a fifty-two week high of $93.90.

Scotts Miracle-Gro Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 22nd will be issued a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 3.39%. The ex-dividend date of this dividend is Friday, November 22nd. Scotts Miracle-Gro’s dividend payout ratio (DPR) is currently -382.61%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on SMG shares. Wells Fargo & Company cut their price objective on shares of Scotts Miracle-Gro from $95.00 to $85.00 and set an “overweight” rating for the company in a report on Thursday, November 7th. UBS Group decreased their price target on Scotts Miracle-Gro from $90.00 to $77.00 and set a “neutral” rating on the stock in a research report on Thursday, November 7th. Truist Financial dropped their target price on shares of Scotts Miracle-Gro from $90.00 to $70.00 and set a “hold” rating for the company in a research report on Friday, November 8th. JPMorgan Chase & Co. reduced their price target on shares of Scotts Miracle-Gro from $85.00 to $80.00 and set an “overweight” rating on the stock in a research report on Thursday, November 7th. Finally, Stifel Nicolaus boosted their price objective on shares of Scotts Miracle-Gro from $75.00 to $81.00 and gave the company a “hold” rating in a research report on Monday, November 4th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $78.60.

About Scotts Miracle-Gro

The Scotts Miracle-Gro Company, together with its subsidiaries, manufactures, markets, and sells products for lawn, garden care, and indoor and hydroponic gardening in the United States and internationally. It operates through three segments: U.S. Consumer, Hawthorne, and Other. The company provides lawn care products, comprising lawn fertilizers, grass seed products, spreaders, and other durable products, as well as lawn-related weed, pest, and disease control products; and gardening and landscape products, which include water-soluble and continuous-release plant foods, potting mixes, garden soils, mulches and ground cover products, plant-related pest and disease control products, organic garden products, and live goods and seeding solutions.