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

Mutual of America Capital Management LLC lowered its stake in shares of Freshpet, Inc. (NASDAQ:FRPT) by 13.2% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 48,941 shares of the company’s stock after selling 7,460 shares during the period. Mutual of America Capital Management LLC’s holdings in Freshpet were worth $7,249,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC raised its position in shares of Freshpet by 1.3% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 5,887 shares of the company’s stock valued at $805,000 after buying an additional 75 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Freshpet by 19.1% during the 4th quarter. GAMMA Investing LLC now owns 573 shares of the company’s stock valued at $85,000 after buying an additional 92 shares in the last quarter. GLOBALT Investments LLC GA raised its position in shares of Freshpet by 3.2% during the 3rd quarter. GLOBALT Investments LLC GA now owns 3,580 shares of the company’s stock valued at $490,000 after buying an additional 111 shares in the last quarter. LVW Advisors LLC raised its position in shares of Freshpet by 5.9% during the 4th quarter. LVW Advisors LLC now owns 2,260 shares of the company’s stock valued at $335,000 after buying an additional 125 shares in the last quarter. Finally, First Horizon Advisors Inc. raised its position in shares of Freshpet by 23.0% during the 3rd quarter. First Horizon Advisors Inc. now owns 739 shares of the company’s stock valued at $101,000 after buying an additional 138 shares in the last quarter.

Analyst Ratings Changes

Several analysts have recently weighed in on FRPT shares. 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. Wells Fargo & Company decreased their target price on shares of Freshpet from $170.00 to $142.00 and set an “overweight” rating on the stock in a research report on Friday, February 21st. DA Davidson lifted their target price on shares of Freshpet from $183.00 to $189.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Jefferies Financial Group upgraded shares of Freshpet from a “hold” rating to a “buy” rating and decreased their target price for the stock from $155.00 to $150.00 in a research report on Monday, February 24th. Finally, Oppenheimer decreased their target price on shares of Freshpet from $180.00 to $140.00 and set an “outperform” rating on the stock in a research report on Monday, February 24th. One research analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $156.47.

Freshpet Price Performance

FRPT stock opened at $107.03 on Monday. The firm’s 50-day moving average price is $141.88 and its two-hundred day moving average price is $142.33. The stock has a market capitalization of $5.21 billion, a price-to-earnings ratio of 113.86 and a beta of 1.42. 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, Inc. has a 12-month low of $97.48 and a 12-month high of $164.07.

Freshpet (NASDAQ:FRPT) last announced its earnings results on Thursday, February 20th. The company reported $0.36 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.36. The firm had revenue of $262.71 million for the quarter, compared to analyst estimates of $275.46 million. Freshpet had a net margin of 4.81% and a return on equity of 3.92%. As a group, equities analysts predict that Freshpet, Inc. will post 1.55 earnings per share for the current year.

Insider Activity

In other news, President Scott James Morris sold 5,000 shares of Freshpet stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $157.38, for a total transaction of $786,900.00. Following the sale, the president now owns 122,380 shares of the company’s stock, valued at approximately $19,260,164.40. The trade was a 3.93 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 3.70% of the company’s stock.

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.