Freshpet, Inc. $FRPT Shares Sold by Allianz Asset Management GmbH

Allianz Asset Management GmbH lowered its position in Freshpet, Inc. (NASDAQ:FRPT) by 39.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 131,536 shares of the company’s stock after selling 87,215 shares during the quarter. Allianz Asset Management GmbH owned 0.27% of Freshpet worth $7,249,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. EverSource Wealth Advisors LLC grew its stake in Freshpet by 1,388.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 506 shares of the company’s stock valued at $34,000 after purchasing an additional 472 shares in the last quarter. State of Wyoming acquired a new stake in shares of Freshpet during the second quarter worth approximately $34,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in shares of Freshpet in the second quarter worth $35,000. Ossiam raised its holdings in Freshpet by 81.1% in the second quarter. Ossiam now owns 509 shares of the company’s stock valued at $35,000 after acquiring an additional 228 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its stake in Freshpet by 258.9% during the 2nd quarter. Smartleaf Asset Management LLC now owns 542 shares of the company’s stock valued at $37,000 after acquiring an additional 391 shares during the last quarter.

Insider Transactions at Freshpet

In related news, President Scott James Morris sold 5,142 shares of the firm’s stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $62.33, for a total value of $320,500.86. Following the sale, the president directly owned 30,858 shares in the company, valued at $1,923,379.14. This trade represents a 14.28% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.43% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on FRPT shares. Weiss Ratings raised shares of Freshpet from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, December 29th. Morgan Stanley initiated coverage on Freshpet in a report on Tuesday, December 16th. They issued an “equal weight” rating and a $71.00 price objective for the company. Zacks Research raised Freshpet from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 18th. TD Cowen reiterated a “hold” rating on shares of Freshpet in a research report on Thursday, January 8th. Finally, DA Davidson dropped their price target on Freshpet from $101.00 to $83.00 and set a “buy” rating on the stock in a research report on Tuesday, November 4th. Six equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $77.88.

Freshpet Price Performance

Shares of NASDAQ FRPT opened at $69.92 on Tuesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 5.52 and a quick ratio of 4.61. The firm has a market capitalization of $3.41 billion, a PE ratio of 30.53, a P/E/G ratio of 1.71 and a beta of 1.72. Freshpet, Inc. has a 1-year low of $46.76 and a 1-year high of $147.73. The business’s fifty day moving average price is $65.10 and its two-hundred day moving average price is $59.40.

Freshpet Company Profile

Freshpet Inc (NASDAQ: FRPT) is a leading pet food company specializing in fresh, refrigerated meals and treats for dogs and cats. The company’s products are formulated with carefully selected, natural ingredients and are designed to offer a higher level of nutrition and freshness than traditional dry or canned pet foods. Freshpet’s offerings include refrigerated rolls, pâtés and snacks, all of which are sold through the refrigerated section of grocery, mass-market and pet specialty stores.

Freshpet’s product portfolio is built around the concept of fresh, minimally processed recipes that do not require preservatives or artificial colors.