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

Mutual of America Capital Management LLC trimmed its position in shares of Freshpet, Inc. (NASDAQ:FRPT - Free Report) by 13.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. 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 owned about 0.10% of Freshpet worth $7,249,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of FRPT. WCM Investment Management LLC raised 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 purchasing an additional 2,445,199 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Freshpet by 198.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 381,385 shares of the company's stock worth $55,065,000 after buying an additional 253,679 shares during the last quarter. Point72 Asset Management L.P. raised its position in Freshpet by 391.5% during the third quarter. Point72 Asset Management L.P. now owns 234,626 shares of the company's stock valued at $32,090,000 after acquiring an additional 186,889 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Freshpet by 54.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 439,681 shares of the company's stock valued at $60,135,000 after acquiring an additional 154,909 shares during the last quarter. Finally, TimesSquare Capital Management LLC grew its position in Freshpet by 38.2% in the third 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 in the last quarter.

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Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. StockNews.com lowered shares of Freshpet from a "hold" rating to a "sell" rating in a research note on Wednesday, November 20th. Truist Financial reaffirmed a "buy" rating and issued a $140.00 price target (down previously from $170.00) on shares of Freshpet in a research report on Tuesday, February 25th. Wells Fargo & Company cut their price objective on Freshpet from $170.00 to $142.00 and set an "overweight" rating on the stock in a research note on Friday, February 21st. Citigroup reduced their target price on Freshpet from $155.00 to $142.00 and set a "neutral" rating for the company in a report on Wednesday, February 12th. Finally, Piper Sandler lowered their price target on Freshpet from $180.00 to $160.00 and set an "overweight" rating on the stock in a report on Friday, February 21st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $156.47.

Freshpet Stock Performance

Shares of FRPT traded down $5.62 during trading hours on Thursday, reaching $90.44. 416,041 shares of the company traded hands, compared to its average volume of 1,132,532. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.91 and a current ratio of 4.72. The stock's fifty day moving average is $138.93 and its 200 day moving average is $141.48. Freshpet, Inc. has a 1-year low of $91.50 and a 1-year high of $164.07. The stock has a market cap of $4.41 billion, a P/E ratio of 96.24 and a beta of 1.42.

Freshpet (NASDAQ:FRPT - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.36 EPS for the quarter, hitting analysts' consensus estimates of $0.36. Freshpet had a return on equity of 3.92% and a net margin of 4.81%. The company had revenue of $262.71 million during the quarter, compared to the consensus estimate of $275.46 million. Equities research analysts anticipate that Freshpet, Inc. will post 1.55 earnings per share for the current fiscal year.

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.