United Capital Financial Advisers LLC raised its holdings in Freshpet Inc (NASDAQ:FRPT) by 66.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,050 shares of the company’s stock after buying an additional 10,000 shares during the period. United Capital Financial Advisers LLC owned about 0.07% of Freshpet worth $412,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of FRPT. Schwab Charles Investment Management Inc. grew its holdings in shares of Freshpet by 11.8% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 110,861 shares of the company’s stock worth $2,101,000 after purchasing an additional 11,736 shares during the last quarter. California Public Employees Retirement System purchased a new position in shares of Freshpet during the fourth quarter worth about $357,000. Driehaus Capital Management LLC grew its holdings in shares of Freshpet by 2.1% during the fourth quarter. Driehaus Capital Management LLC now owns 564,250 shares of the company’s stock worth $10,693,000 after purchasing an additional 11,361 shares during the last quarter. Public Employees Retirement Association of Colorado grew its holdings in shares of Freshpet by 25.0% during the first quarter. Public Employees Retirement Association of Colorado now owns 500,000 shares of the company’s stock worth $8,225,000 after purchasing an additional 100,000 shares during the last quarter. Finally, BlackRock Inc. grew its holdings in shares of Freshpet by 4.9% during the fourth quarter. BlackRock Inc. now owns 1,521,275 shares of the company’s stock worth $28,827,000 after purchasing an additional 71,368 shares during the last quarter. Institutional investors own 74.98% of the company’s stock.
NASDAQ FRPT opened at $26.60 on Friday. Freshpet Inc has a 52-week low of $14.10 and a 52-week high of $26.70. The stock has a market cap of $918.58 million, a P/E ratio of -221.67 and a beta of 1.71.
In related news, VP Stephen Macchiaverna sold 4,946 shares of the firm’s stock in a transaction dated Thursday, May 10th. The stock was sold at an average price of $20.50, for a total transaction of $101,393.00. Following the transaction, the vice president now owns 73,884 shares of the company’s stock, valued at $1,514,622. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Scott James Morris sold 7,500 shares of the firm’s stock in a transaction dated Tuesday, June 12th. The stock was sold at an average price of $24.17, for a total value of $181,275.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 48,474 shares of company stock worth $1,073,795. Corporate insiders own 6.80% of the company’s stock.
FRPT has been the topic of several research reports. SunTrust Banks reaffirmed a “buy” rating and set a $23.00 price objective on shares of Freshpet in a report on Tuesday, March 6th. BidaskClub lowered Freshpet from a “hold” rating to a “sell” rating in a report on Wednesday, May 9th. ValuEngine raised Freshpet from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. Susquehanna Bancshares set a $17.00 price objective on Freshpet and gave the stock a “hold” rating in a report on Tuesday, May 8th. Finally, Imperial Capital reaffirmed an “in-line” rating and set a $18.00 price objective (up previously from $16.50) on shares of Freshpet in a report on Friday, March 9th. Five analysts have rated the stock with a hold rating, three have assigned a buy rating and two have given a strong buy rating to the stock. Freshpet has a consensus rating of “Buy” and an average price target of $20.43.
Freshpet Company Profile
Freshpet, Inc manufactures and markets natural fresh products, refrigerated meals, and treats for dogs and cats in the United States, Canada, and the United Kingdom. The company sells its products under the Freshpet brand; and Dognation and Dog Joy labels through various classes of retail, including grocery, mass, club, pet specialty, and natural, as well as online.
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