Mutual of America Capital Management LLC Reduces Position in Freshpet, Inc. (NASDAQ:FRPT)

Mutual of America Capital Management LLC lessened its holdings in shares of Freshpet, Inc. (NASDAQ:FRPT) by 3.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 56,401 shares of the company’s stock after selling 1,851 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Freshpet were worth $7,714,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. boosted its stake in shares of Freshpet by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 4,666,407 shares of the company’s stock worth $540,650,000 after acquiring an additional 13,709 shares during the last quarter. WCM Investment Management LLC boosted its stake in shares of Freshpet by 749.7% during the 3rd quarter. WCM Investment Management LLC now owns 2,771,377 shares of the company’s stock worth $376,187,000 after acquiring an additional 2,445,199 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Freshpet by 2.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 923,507 shares of the company’s stock worth $119,492,000 after acquiring an additional 22,759 shares during the last quarter. Driehaus Capital Management LLC boosted its stake in shares of Freshpet by 24.4% during the 2nd quarter. Driehaus Capital Management LLC now owns 721,288 shares of the company’s stock worth $93,327,000 after acquiring an additional 141,615 shares during the last quarter. Finally, TimesSquare Capital Management LLC boosted its stake in shares of Freshpet by 38.2% during the 3rd quarter. TimesSquare Capital Management LLC now owns 199,592 shares of the company’s stock worth $27,298,000 after acquiring an additional 55,200 shares during the last quarter.

Freshpet Price Performance

FRPT stock opened at $150.49 on Tuesday. Freshpet, Inc. has a 12 month low of $68.22 and a 12 month high of $159.12. The company has a current ratio of 4.72, a quick ratio of 3.91 and a debt-to-equity ratio of 0.41. The company has a 50-day moving average price of $141.26 and a 200 day moving average price of $132.65. The stock has a market cap of $7.30 billion, a PE ratio of 169.09 and a beta of 1.39.

Freshpet (NASDAQ:FRPT) last released its quarterly earnings data on Monday, November 4th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.10. The company had revenue of $253.40 million during the quarter, compared to analysts’ expectations of $248.36 million. Freshpet had a net margin of 4.75% and a return on equity of 3.67%. The firm’s quarterly revenue was up 26.3% on a year-over-year basis. During the same period in the previous year, the company earned ($0.15) EPS. Equities research analysts anticipate that Freshpet, Inc. will post 0.87 earnings per share for the current year.

Insider Buying and Selling at Freshpet

In other Freshpet news, EVP Stephen Macchiaverna sold 2,178 shares of the business’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $140.01, for a total value of $304,941.78. Following the completion of the sale, the executive vice president now directly owns 86,039 shares of the company’s stock, valued at $12,046,320.39. The trade was a 2.47 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Thembeka Machaba sold 2,500 shares of the business’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $153.85, for a total transaction of $384,625.00. The disclosure for this sale can be found here. 3.70% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

FRPT has been the topic of several recent analyst reports. Wells Fargo & Company raised their price objective on shares of Freshpet from $157.00 to $175.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. JPMorgan Chase & Co. raised their price objective on shares of Freshpet from $126.00 to $154.00 and gave the company a “neutral” rating in a research report on Tuesday, November 5th. TD Cowen raised their price objective on shares of Freshpet from $160.00 to $174.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. Benchmark restated a “buy” rating and set a $150.00 price objective on shares of Freshpet in a research report on Friday, November 1st. Finally, Stifel Nicolaus raised their price objective on shares of Freshpet from $155.00 to $165.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Four equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, Freshpet presently has an average rating of “Moderate Buy” and a consensus target price of $157.80.

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.