Mutual of America Capital Management LLC Has $227,000 Stock Position in J & J Snack Foods Corp. $JJSF

Mutual of America Capital Management LLC lowered its holdings in shares of J & J Snack Foods Corp. (NASDAQ:JJSF) by 12.0% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,999 shares of the company’s stock after selling 272 shares during the period. Mutual of America Capital Management LLC’s holdings in J & J Snack Foods were worth $227,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of JJSF. Westwood Holdings Group Inc. raised its holdings in shares of J & J Snack Foods by 21.1% during the 1st quarter. Westwood Holdings Group Inc. now owns 610,477 shares of the company’s stock worth $80,412,000 after buying an additional 106,459 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of J & J Snack Foods by 3.6% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,688,261 shares of the company’s stock worth $200,143,000 after buying an additional 58,917 shares in the last quarter. Nuveen LLC acquired a new position in shares of J & J Snack Foods during the 1st quarter worth $5,384,000. Millennium Management LLC raised its holdings in shares of J & J Snack Foods by 122.1% during the 1st quarter. Millennium Management LLC now owns 72,625 shares of the company’s stock worth $9,566,000 after buying an additional 39,933 shares in the last quarter. Finally, Raymond James Financial Inc. raised its holdings in shares of J & J Snack Foods by 877.3% during the 1st quarter. Raymond James Financial Inc. now owns 42,484 shares of the company’s stock worth $5,597,000 after buying an additional 38,137 shares in the last quarter. Institutional investors and hedge funds own 76.04% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Wall Street Zen raised J & J Snack Foods from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Weiss Ratings cut J & J Snack Foods from a “hold (c-)” rating to a “sell (d+)” rating in a report on Saturday, October 25th. Finally, Zacks Research raised J & J Snack Foods from a “strong sell” rating to a “hold” rating in a report on Friday, October 24th. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $142.50.

J & J Snack Foods Trading Down 2.8%

NASDAQ JJSF opened at $87.94 on Thursday. The business’s 50-day moving average price is $100.54 and its two-hundred day moving average price is $111.81. J & J Snack Foods Corp. has a 12 month low of $87.71 and a 12 month high of $180.80. The firm has a market capitalization of $1.71 billion, a PE ratio of 20.50 and a beta of 0.38.

J & J Snack Foods (NASDAQ:JJSF) last released its quarterly earnings results on Tuesday, August 5th. The company reported $2.00 EPS for the quarter, beating analysts’ consensus estimates of $1.74 by $0.26. J & J Snack Foods had a return on equity of 8.79% and a net margin of 5.24%.The firm had revenue of $454.30 million for the quarter, compared to analyst estimates of $445.98 million. During the same quarter in the previous year, the company posted $1.98 EPS. The business’s revenue was up 3.3% on a year-over-year basis. As a group, analysts forecast that J & J Snack Foods Corp. will post 4.75 earnings per share for the current fiscal year.

J & J Snack Foods Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 7th. Shareholders of record on Tuesday, September 16th were given a $0.80 dividend. This is a boost from J & J Snack Foods’s previous quarterly dividend of $0.78. The ex-dividend date was Tuesday, September 16th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 3.6%. J & J Snack Foods’s dividend payout ratio is presently 74.59%.

J & J Snack Foods Profile

J&J Snack Foods Corp. engages in the manufacturing of nutritional snack foods and distribution of frozen beverages to the food service and retail supermarket industries. It operates through the following segments: Food Service, Retail Supermarkets, and Frozen Beverages. The Food Service segment includes soft pretzels, frozen novelties, churros, handheld products, and baked goods.