Mutual of America Capital Management LLC Cuts Stake in J&J Snack Foods Corp. (NASDAQ:JJSF)

Mutual of America Capital Management LLC lessened its position in J&J Snack Foods Corp. (NASDAQ:JJSF) by 8.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,338 shares of the company’s stock after selling 212 shares during the period. Mutual of America Capital Management LLC’s holdings in J&J Snack Foods were worth $402,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of J&J Snack Foods by 4.6% in the 1st quarter. Vanguard Group Inc. now owns 1,636,305 shares of the company’s stock worth $236,544,000 after purchasing an additional 71,378 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of J&J Snack Foods by 3.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,620,378 shares of the company’s stock worth $278,899,000 after acquiring an additional 57,887 shares during the period. Thrivent Financial for Lutherans raised its holdings in shares of J&J Snack Foods by 130.8% during the second quarter. Thrivent Financial for Lutherans now owns 535,831 shares of the company’s stock valued at $87,003,000 after purchasing an additional 303,673 shares during the last quarter. Geneva Capital Management LLC boosted its stake in shares of J&J Snack Foods by 1.4% in the 3rd quarter. Geneva Capital Management LLC now owns 526,660 shares of the company’s stock worth $90,649,000 after buying an additional 7,283 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of J&J Snack Foods by 4.3% in the second quarter. Dimensional Fund Advisors LP now owns 458,203 shares of the company’s stock worth $74,400,000 after acquiring an additional 18,932 shares during the period. 76.04% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at J&J Snack Foods

In other J&J Snack Foods news, Director Gerald B. Shreiber sold 20,000 shares of J&J Snack Foods stock in a transaction that occurred on Saturday, August 31st. The stock was sold at an average price of $167.95, for a total value of $3,359,000.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 22.20% of the company’s stock.

J&J Snack Foods Price Performance

Shares of JJSF stock opened at $171.47 on Thursday. The company has a market cap of $3.33 billion, a price-to-earnings ratio of 38.53 and a beta of 0.63. J&J Snack Foods Corp. has a 1 year low of $133.23 and a 1 year high of $180.80. The firm has a fifty day moving average price of $168.88 and a 200-day moving average price of $167.13.

J&J Snack Foods (NASDAQ:JJSF) last announced its quarterly earnings data on Wednesday, November 13th. The company reported $1.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.85 by ($0.25). J&J Snack Foods had a return on equity of 10.32% and a net margin of 5.50%. The firm had revenue of $426.76 million during the quarter, compared to analysts’ expectations of $428.33 million. During the same period last year, the company earned $1.73 earnings per share. The business’s revenue for the quarter was down 3.9% on a year-over-year basis. Equities research analysts expect that J&J Snack Foods Corp. will post 5.49 EPS for the current year.

J&J Snack Foods Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 7th. Shareholders of record on Tuesday, December 17th will be issued a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date is Tuesday, December 17th. J&J Snack Foods’s dividend payout ratio (DPR) is currently 70.11%.

Wall Street Analysts Forecast Growth

Separately, Benchmark reaffirmed a “buy” rating and set a $200.00 price target on shares of J&J Snack Foods in a research report on Friday, November 15th.

J&J Snack Foods Company Profile

J&J Snack Foods Corp. manufactures, markets, and distributes nutritional snack foods and beverages to the food service and retail supermarket industries in the United States, Mexico, and Canada. It operates through three segments: Food Service, Retail Supermarkets, and Frozen Beverages. It offers soft pretzels under the SUPERPRETZEL, SUPERPRETZEL BAVARIAN, NEW YORK PRETZEL, BAVARIAN BAKERY, and BRAUHAUS brands, as well as under the private labels; frozen novelty under the DIPPIN'DOTS, LUIGI'S, WHOLE FRUIT, DOGSTERS, PHILLY SWIRL, ICEE, and MINUTE MAID brands; churros under the HOLA! and CALIFORNIA CHURROS brands; and handheld products under the SUPREME STUFFERS and SWEET STUFFERS brands.