Mutual of America Capital Management LLC Has $258,000 Position in Patterson Companies, Inc. (NASDAQ:PDCO)

Mutual of America Capital Management LLC decreased its holdings in shares of Patterson Companies, Inc. (NASDAQ:PDCO) by 10.0% in the 3rd quarter, Holdings Channel.com reports. The firm owned 11,799 shares of the company’s stock after selling 1,307 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Patterson Companies were worth $258,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of PDCO. LRI Investments LLC lifted its stake in shares of Patterson Companies by 201.2% in the second quarter. LRI Investments LLC now owns 1,262 shares of the company’s stock valued at $30,000 after buying an additional 843 shares during the period. Mather Group LLC. raised its holdings in shares of Patterson Companies by 1,376.1% in the 2nd quarter. Mather Group LLC. now owns 1,609 shares of the company’s stock worth $39,000 after buying an additional 1,500 shares in the last quarter. Canada Pension Plan Investment Board acquired a new stake in shares of Patterson Companies in the 2nd quarter valued at $41,000. Family Firm Inc. bought a new stake in Patterson Companies during the second quarter worth about $45,000. Finally, Meeder Asset Management Inc. bought a new position in Patterson Companies in the 2nd quarter valued at $45,000. Institutional investors and hedge funds own 85.43% of the company’s stock.

Patterson Companies Stock Performance

Shares of PDCO stock opened at $21.46 on Friday. The company has a 50-day simple moving average of $20.96 and a 200 day simple moving average of $22.95. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.67 and a current ratio of 1.30. The company has a market capitalization of $1.89 billion, a price-to-earnings ratio of 11.73, a PEG ratio of 1.57 and a beta of 1.02. Patterson Companies, Inc. has a 52 week low of $19.45 and a 52 week high of $31.76.

Patterson Companies (NASDAQ:PDCO) last posted its quarterly earnings data on Wednesday, August 28th. The company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.08). The firm had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.59 billion. Patterson Companies had a return on equity of 19.87% and a net margin of 2.58%. The firm’s quarterly revenue was down 2.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.40 EPS. On average, sell-side analysts predict that Patterson Companies, Inc. will post 2.32 earnings per share for the current year.

Patterson Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Wednesday, October 16th were given a dividend of $0.26 per share. The ex-dividend date was Friday, October 18th. This represents a $1.04 annualized dividend and a yield of 4.85%. Patterson Companies’s dividend payout ratio is 56.83%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Robert W. Baird decreased their price target on shares of Patterson Companies from $30.00 to $28.00 and set a “neutral” rating on the stock in a research note on Thursday, August 29th. JPMorgan Chase & Co. reduced their price objective on shares of Patterson Companies from $29.00 to $26.00 and set a “neutral” rating on the stock in a research note on Thursday, August 29th. Evercore ISI lowered their price target on Patterson Companies from $23.00 to $22.00 and set an “in-line” rating for the company in a report on Tuesday, October 8th. UBS Group dropped their price objective on shares of Patterson Companies from $27.00 to $24.00 and set a “neutral” rating on the stock in a report on Thursday, September 5th. Finally, Bank of America reduced their price target on Patterson Companies from $31.00 to $29.00 and set a “buy” rating for the company in a research report on Thursday, August 29th. Eight research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $27.89.

About Patterson Companies

Patterson Companies, Inc engages in the distribution of dental and animal health products in the United States, the United Kingdom, and Canada. The company operates through three segments: Dental, Animal Health, and Corporate segments. The Dental segment offers consumable products, including infection control, restorative materials, and instruments; basic and advanced technology and dental equipment; practice optimization solutions, such as practice management software, e-commerce, revenue cycle management, patient engagement solutions, and clinical and patient education systems.