Mama’s Creations, Inc. (NASDAQ:MAMA) Position Reduced by Bank of New York Mellon Corp

Bank of New York Mellon Corp lowered its stake in Mama’s Creations, Inc. (NASDAQ:MAMA) by 16.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 78,228 shares of the company’s stock after selling 14,888 shares during the period. Bank of New York Mellon Corp’s holdings in Mama’s Creations were worth $623,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Annex Advisory Services LLC increased its holdings in Mama’s Creations by 71.0% in the fourth quarter. Annex Advisory Services LLC now owns 1,221,373 shares of the company’s stock valued at $9,722,000 after buying an additional 507,065 shares during the last quarter. Portolan Capital Management LLC lifted its holdings in Mama’s Creations by 177.2% during the 3rd quarter. Portolan Capital Management LLC now owns 953,629 shares of the company’s stock worth $6,961,000 after buying an additional 609,605 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Mama’s Creations by 7.7% in the 3rd quarter. Geode Capital Management LLC now owns 755,491 shares of the company’s stock worth $5,516,000 after acquiring an additional 53,850 shares in the last quarter. State Street Corp increased its holdings in shares of Mama’s Creations by 20.7% in the 3rd quarter. State Street Corp now owns 489,623 shares of the company’s stock valued at $3,574,000 after acquiring an additional 84,050 shares during the last quarter. Finally, Conestoga Capital Advisors LLC raised its position in shares of Mama’s Creations by 17.2% during the 4th quarter. Conestoga Capital Advisors LLC now owns 193,550 shares of the company’s stock valued at $1,541,000 after acquiring an additional 28,450 shares in the last quarter. Institutional investors and hedge funds own 45.18% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on MAMA shares. Roth Mkm reaffirmed a “buy” rating and issued a $11.00 price objective (up previously from $10.00) on shares of Mama’s Creations in a report on Tuesday, December 17th. Lake Street Capital lifted their price target on shares of Mama’s Creations from $10.00 to $11.00 and gave the company a “buy” rating in a report on Tuesday, December 17th.

Mama’s Creations Stock Down 4.2 %

Shares of Mama’s Creations stock opened at $6.39 on Thursday. The stock has a market capitalization of $240.18 million, a price-to-earnings ratio of 71.01 and a beta of 1.05. Mama’s Creations, Inc. has a twelve month low of $4.38 and a twelve month high of $9.98. The company has a current ratio of 1.17, a quick ratio of 1.00 and a debt-to-equity ratio of 0.16. The business’s 50 day simple moving average is $6.88 and its 200-day simple moving average is $7.65.

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.