Geode Capital Management LLC Increases Stock Position in Mama’s Creations, Inc. $MAMA

Geode Capital Management LLC raised its position in Mama’s Creations, Inc. (NASDAQ:MAMA) by 7.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 821,094 shares of the company’s stock after acquiring an additional 55,173 shares during the quarter. Geode Capital Management LLC owned approximately 2.18% of Mama’s Creations worth $6,816,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wesbanco Bank Inc. grew its stake in shares of Mama’s Creations by 75.0% in the second quarter. Wesbanco Bank Inc. now owns 136,500 shares of the company’s stock worth $1,133,000 after purchasing an additional 58,500 shares during the last quarter. Nuveen LLC bought a new position in Mama’s Creations during the 1st quarter valued at approximately $388,000. Strs Ohio purchased a new stake in Mama’s Creations in the 1st quarter worth approximately $284,000. Expect Equity LLC grew its position in shares of Mama’s Creations by 49.8% in the 1st quarter. Expect Equity LLC now owns 283,224 shares of the company’s stock worth $1,844,000 after buying an additional 94,117 shares during the last quarter. Finally, Aristides Capital LLC increased its stake in shares of Mama’s Creations by 70.1% during the first quarter. Aristides Capital LLC now owns 179,305 shares of the company’s stock valued at $1,167,000 after buying an additional 73,885 shares during the period. 45.18% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on MAMA shares. Wall Street Zen lowered Mama’s Creations from a “buy” rating to a “hold” rating in a research note on Sunday, August 10th. Weiss Ratings restated a “hold (c+)” rating on shares of Mama’s Creations in a report on Monday. DA Davidson reaffirmed a “buy” rating and set a $18.00 target price on shares of Mama’s Creations in a research note on Tuesday, October 14th. Lake Street Capital boosted their price target on shares of Mama’s Creations from $11.00 to $15.00 and gave the company a “buy” rating in a research report on Tuesday, September 9th. Finally, Zacks Research lowered shares of Mama’s Creations from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 14th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Mama’s Creations currently has an average rating of “Moderate Buy” and a consensus price target of $14.25.

Mama’s Creations Trading Down 1.8%

Shares of NASDAQ MAMA opened at $11.47 on Friday. Mama’s Creations, Inc. has a 1 year low of $5.50 and a 1 year high of $12.13. The stock has a market cap of $466.26 million, a P/E ratio of 104.28 and a beta of 0.79. The firm has a 50-day moving average of $10.76 and a 200 day moving average of $9.39. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.58 and a quick ratio of 1.15.

Mama’s Creations (NASDAQ:MAMA) last announced its quarterly earnings data on Monday, September 8th. The company reported $0.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.01. Mama’s Creations had a net margin of 3.34% and a return on equity of 17.41%. The business had revenue of $35.20 million for the quarter, compared to analysts’ expectations of $33.18 million. During the same quarter in the prior year, the company earned $0.03 earnings per share. As a group, sell-side analysts expect that Mama’s Creations, Inc. will post 0.09 EPS for the current fiscal year.

Insider Activity at Mama’s Creations

In related news, Director Shirley Romig sold 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $10.18, for a total transaction of $40,720.00. Following the completion of the transaction, the director owned 17,139 shares of the company’s stock, valued at $174,475.02. This trade represents a 18.92% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Adam Laurance Michaels sold 3,512 shares of Mama’s Creations stock in a transaction on Monday, October 13th. The shares were sold at an average price of $10.70, for a total value of $37,578.40. Following the transaction, the chief executive officer owned 595,148 shares of the company’s stock, valued at $6,368,083.60. The trade was a 0.59% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 72,732 shares of company stock worth $788,544 in the last 90 days. 6.50% of the stock is currently owned by company insiders.

Mama’s Creations Company Profile

Mama’s Creations, Inc engages in the marketing, manufacturing, and distribution of beef meatballs with sauce, turkey meatballs with sauce, beef meat loaf, sausage and peppers, chicken parmesan, and other similar meats and sauces. Its products include beef meatballs, turkey meatballs, stuffed meatballs, lasagna roll ups, retail ready meals, bulk deli, single-size pasta bowls, and packaged refrigerated products.