Mutual of America Capital Management LLC Sells 18,090 Shares of Freshpet, Inc. $FRPT

Mutual of America Capital Management LLC reduced its holdings in shares of Freshpet, Inc. (NASDAQ:FRPT) by 32.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 37,674 shares of the company’s stock after selling 18,090 shares during the quarter. Mutual of America Capital Management LLC owned approximately 0.08% of Freshpet worth $2,560,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in FRPT. Bessemer Group Inc. boosted its stake in shares of Freshpet by 20.9% during the 1st quarter. Bessemer Group Inc. now owns 14,183 shares of the company’s stock worth $1,180,000 after acquiring an additional 2,451 shares during the period. Diversified Trust Co boosted its stake in Freshpet by 17.7% in the 1st quarter. Diversified Trust Co now owns 13,447 shares of the company’s stock valued at $1,118,000 after purchasing an additional 2,018 shares during the period. KBC Group NV boosted its stake in Freshpet by 2.1% in the 1st quarter. KBC Group NV now owns 14,704 shares of the company’s stock valued at $1,223,000 after purchasing an additional 307 shares during the period. Amalgamated Bank grew its holdings in Freshpet by 450.6% in the 1st quarter. Amalgamated Bank now owns 14,823 shares of the company’s stock valued at $1,233,000 after buying an additional 12,131 shares in the last quarter. Finally, New York State Teachers Retirement System bought a new position in Freshpet during the 1st quarter worth $1,472,000.

Freshpet Stock Performance

NASDAQ:FRPT opened at $54.12 on Friday. The stock has a fifty day moving average price of $54.04 and a 200-day moving average price of $67.48. The company has a market cap of $2.64 billion, a price-to-earnings ratio of 80.78, a PEG ratio of 1.21 and a beta of 1.74. The company has a debt-to-equity ratio of 0.40, a quick ratio of 3.75 and a current ratio of 4.81. Freshpet, Inc. has a fifty-two week low of $46.76 and a fifty-two week high of $164.07.

Freshpet (NASDAQ:FRPT) last released its earnings results on Monday, August 4th. The company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.21. The firm had revenue of $264.69 million during the quarter, compared to the consensus estimate of $269.75 million. Freshpet had a return on equity of 4.82% and a net margin of 3.23%.The company’s revenue was up 12.5% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.03) EPS. Freshpet has set its FY 2025 guidance at EPS. As a group, equities analysts anticipate that Freshpet, Inc. will post 1.55 EPS for the current fiscal year.

Insider Transactions at Freshpet

In other Freshpet news, Director Walter N. George purchased 1,000 shares of the stock in a transaction dated Monday, September 8th. The stock was bought at an average price of $52.57 per share, with a total value of $52,570.00. Following the acquisition, the director owned 46,527 shares of the company’s stock, valued at approximately $2,445,924.39. This represents a 2.20% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Timothy R. Mclevish purchased 3,500 shares of the stock in a transaction dated Wednesday, September 10th. The shares were acquired at an average cost of $56.00 per share, with a total value of $196,000.00. Following the acquisition, the director directly owned 35,290 shares in the company, valued at $1,976,240. This represents a 11.01% increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 6,008 shares of company stock valued at $332,305. Corporate insiders own 4.43% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on FRPT. DA Davidson set a $101.00 target price on Freshpet in a report on Thursday, August 7th. Benchmark reissued a “buy” rating and set a $95.00 target price (down previously from $120.00) on shares of Freshpet in a report on Tuesday, August 5th. Wells Fargo & Company dropped their target price on Freshpet from $88.00 to $65.00 and set an “overweight” rating for the company in a report on Thursday, September 25th. UBS Group dropped their target price on Freshpet from $65.00 to $48.00 and set a “sell” rating for the company in a report on Monday, September 8th. Finally, Wall Street Zen raised Freshpet from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Eight analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $101.13.

Freshpet 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.