Mutual of America Capital Management LLC Has $7.25 Million Holdings in Freshpet, Inc. (NASDAQ:FRPT)

Mutual of America Capital Management LLC lessened its holdings in Freshpet, Inc. (NASDAQ:FRPT) by 13.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 48,941 shares of the company’s stock after selling 7,460 shares during the period. Mutual of America Capital Management LLC owned about 0.10% of Freshpet worth $7,249,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Private Advisor Group LLC increased its stake in Freshpet by 29.7% in the 3rd quarter. Private Advisor Group LLC now owns 2,316 shares of the company’s stock valued at $317,000 after buying an additional 531 shares during the last quarter. Wealth Enhancement Advisory Services LLC purchased a new stake in Freshpet in the 3rd quarter valued at about $795,000. Farther Finance Advisors LLC increased its stake in Freshpet by 12.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,277 shares of the company’s stock valued at $311,000 after buying an additional 257 shares during the last quarter. M&G PLC increased its stake in Freshpet by 2.9% in the 3rd quarter. M&G PLC now owns 70,957 shares of the company’s stock valued at $9,721,000 after buying an additional 2,027 shares during the last quarter. Finally, Capital Performance Advisors LLP purchased a new stake in Freshpet in the 3rd quarter valued at about $57,000.

Freshpet Stock Down 0.1 %

FRPT opened at $107.03 on Monday. The company has a 50 day moving average of $141.88 and a 200 day moving average of $142.33. The company has a market cap of $5.21 billion, a PE ratio of 113.86 and a beta of 1.42. Freshpet, Inc. has a 12 month low of $97.48 and a 12 month high of $164.07. The company has a current ratio of 4.72, a quick ratio of 3.91 and a debt-to-equity ratio of 0.41.

Freshpet (NASDAQ:FRPT) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.36 EPS for the quarter, hitting the consensus estimate of $0.36. The company had revenue of $262.71 million during the quarter, compared to the consensus estimate of $275.46 million. Freshpet had a net margin of 4.81% and a return on equity of 3.92%. On average, sell-side analysts expect that Freshpet, Inc. will post 1.55 EPS for the current year.

Insider Buying and Selling at Freshpet

In other Freshpet news, President Scott James Morris sold 5,000 shares of the firm’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $157.38, for a total value of $786,900.00. Following the completion of the transaction, the president now directly owns 122,380 shares of the company’s stock, valued at $19,260,164.40. This trade represents a 3.93 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 3.70% of the company’s stock.

Analysts Set New Price Targets

FRPT has been the subject of several analyst reports. StockNews.com lowered shares of Freshpet from a “hold” rating to a “sell” rating in a research note on Wednesday, November 20th. Piper Sandler decreased their price objective on shares of Freshpet from $180.00 to $160.00 and set an “overweight” rating for the company in a research note on Friday, February 21st. Wells Fargo & Company decreased their price objective on shares of Freshpet from $170.00 to $142.00 and set an “overweight” rating for the company in a research note on Friday, February 21st. Stifel Nicolaus reduced their target price on shares of Freshpet from $165.00 to $155.00 and set a “buy” rating for the company in a research report on Friday, February 21st. Finally, Oppenheimer reduced their target price on shares of Freshpet from $180.00 to $140.00 and set an “outperform” rating for the company in a research report on Monday, February 24th. One analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $156.47.

Freshpet Company Profile

Freshpet, Inc, together with its subsidiaries, manufactures, distributes, and markets natural fresh meals and treats for dogs and cats in the United States, Canada, and Europe. It sells dog food, cat food, and dog treats under the Freshpet brand name; and Dognation and Dog Joy labels through various classes of retail, including grocery, mass, club, pet specialty, and natural, as well as online.