Mutual of America Capital Management LLC Sells 212 Shares of J&J Snack Foods Corp. (NASDAQ:JJSF)

Mutual of America Capital Management LLC decreased its holdings in J&J Snack Foods Corp. (NASDAQ:JJSF) by 8.3% in the third quarter, Holdings Channel reports. The fund owned 2,338 shares of the company’s stock after selling 212 shares during the quarter. Mutual of America Capital Management LLC’s holdings in J&J Snack Foods were worth $402,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in JJSF. Vanguard Group Inc. boosted 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 during the period. O Shaughnessy Asset Management LLC grew its stake in shares of J&J Snack Foods by 18.3% during the first quarter. O Shaughnessy Asset Management LLC now owns 1,704 shares of the company’s stock valued at $246,000 after buying an additional 263 shares during the last quarter. CANADA LIFE ASSURANCE Co grew its stake in shares of J&J Snack Foods by 6.1% during the first quarter. CANADA LIFE ASSURANCE Co now owns 13,718 shares of the company’s stock valued at $1,980,000 after buying an additional 791 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of J&J Snack Foods by 16.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 10,446 shares of the company’s stock worth $1,511,000 after acquiring an additional 1,437 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of J&J Snack Foods by 603.8% during the 2nd quarter. GAMMA Investing LLC now owns 366 shares of the company’s stock worth $59,000 after acquiring an additional 314 shares during the last quarter. Hedge funds and other institutional investors own 76.04% of the company’s stock.

J&J Snack Foods Price Performance

Shares of NASDAQ JJSF opened at $171.47 on Thursday. The stock has a market capitalization of $3.33 billion, a P/E ratio of 38.53 and a beta of 0.63. The business has a fifty day moving average price of $168.88 and a 200 day moving average price of $167.13. J&J Snack Foods Corp. has a 1-year low of $133.23 and a 1-year high of $180.80.

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

J&J Snack Foods Announces Dividend

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

Insider Buying and Selling at J&J Snack Foods

In other news, Director Gerald B. Shreiber sold 20,000 shares of the stock in a transaction dated Saturday, August 31st. The stock was sold at an average price of $167.95, for a total value of $3,359,000.00. The sale was disclosed in a document filed with the SEC, which is available through this link. 22.20% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

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

J&J Snack Foods 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.