Allianz Asset Management GmbH Has $32.10 Million Stock Position in Freshpet, Inc. (NASDAQ:FRPT)

Allianz Asset Management GmbH cut its position in Freshpet, Inc. (NASDAQ:FRPT) by 4.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 216,722 shares of the company’s stock after selling 10,313 shares during the quarter. Allianz Asset Management GmbH owned approximately 0.45% of Freshpet worth $32,099,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FRPT. Wealth Enhancement Advisory Services LLC boosted its holdings in Freshpet by 1.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 5,887 shares of the company’s stock valued at $805,000 after acquiring an additional 75 shares during the period. GAMMA Investing LLC boosted its stake in Freshpet by 19.1% during the 4th quarter. GAMMA Investing LLC now owns 573 shares of the company’s stock valued at $85,000 after purchasing an additional 92 shares during the period. GLOBALT Investments LLC GA boosted its stake in Freshpet by 3.2% during the 3rd quarter. GLOBALT Investments LLC GA now owns 3,580 shares of the company’s stock valued at $490,000 after purchasing an additional 111 shares during the period. LVW Advisors LLC increased its position in Freshpet by 5.9% in the 4th quarter. LVW Advisors LLC now owns 2,260 shares of the company’s stock worth $335,000 after buying an additional 125 shares during the period. Finally, First Horizon Advisors Inc. lifted its holdings in shares of Freshpet by 23.0% during the third quarter. First Horizon Advisors Inc. now owns 739 shares of the company’s stock worth $101,000 after buying an additional 138 shares during the last quarter.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on FRPT. DA Davidson raised their price objective on shares of Freshpet from $183.00 to $189.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. Piper Sandler decreased their price target on shares of Freshpet from $180.00 to $160.00 and set an “overweight” rating on the stock in a research report on Friday. StockNews.com lowered shares of Freshpet from a “hold” rating to a “sell” rating in a research report on Wednesday, November 20th. Truist Financial increased their target price on shares of Freshpet from $160.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. Finally, Stifel Nicolaus lowered their price target on Freshpet from $165.00 to $155.00 and set a “buy” rating on the stock in a research note on Friday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $161.93.

Insider Activity at Freshpet

In other news, President Scott James Morris sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $158.13, for a total transaction of $790,650.00. Following the completion of the sale, the president now owns 122,380 shares of the company’s stock, valued at approximately $19,351,949.40. This trade represents a 3.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 3.70% of the stock is currently owned by insiders.

Freshpet Trading Down 5.8 %

Shares of FRPT opened at $100.26 on Monday. The company has a current ratio of 4.72, a quick ratio of 3.91 and a debt-to-equity ratio of 0.41. The stock has a market cap of $4.88 billion, a PE ratio of 106.65 and a beta of 1.42. Freshpet, Inc. has a 1 year low of $89.15 and a 1 year high of $164.07. The stock has a 50 day simple moving average of $145.55 and a 200-day simple moving average of $143.13.

Freshpet (NASDAQ:FRPT) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.36 earnings per share (EPS) for the quarter, meeting 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 analysts’ expectations of $275.46 million. On average, sell-side analysts predict that Freshpet, Inc. will post 1.55 EPS 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.