Freshpet, Inc. (FRPT) Holdings Trimmed by FDx Advisors Inc.
FDx Advisors Inc. reduced its stake in shares of Freshpet, Inc. (NASDAQ:FRPT) by 16.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 23,285 shares of the company’s stock after selling 4,478 shares during the quarter. FDx Advisors Inc. owned 0.07% of Freshpet worth $364,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently modified their holdings of the business. Bank of Montreal Can grew its position in Freshpet by 1.4% during the second quarter. Bank of Montreal Can now owns 7,368 shares of the company’s stock worth $122,000 after buying an additional 103 shares during the period. Schwab Charles Investment Management Inc. grew its position in Freshpet by 0.6% during the second quarter. Schwab Charles Investment Management Inc. now owns 68,936 shares of the company’s stock worth $1,145,000 after buying an additional 380 shares during the period. Citadel Advisors LLC grew its position in Freshpet by 4.0% during the second quarter. Citadel Advisors LLC now owns 19,358 shares of the company’s stock worth $321,000 after buying an additional 750 shares during the period. American International Group Inc. grew its position in Freshpet by 7.1% during the first quarter. American International Group Inc. now owns 13,762 shares of the company’s stock worth $151,000 after buying an additional 917 shares during the period. Finally, The Manufacturers Life Insurance Company grew its position in Freshpet by 5.9% during the second quarter. The Manufacturers Life Insurance Company now owns 20,598 shares of the company’s stock worth $343,000 after buying an additional 1,144 shares during the period. Institutional investors own 68.14% of the company’s stock.
In other Freshpet news, insider Scott James Morris sold 2,101 shares of the stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $15.80, for a total transaction of $33,195.80. Following the transaction, the insider now owns 204,408 shares of the company’s stock, valued at $3,229,646.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Richard A. Kassar sold 15,125 shares of the stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $17.92, for a total transaction of $271,040.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 63,819 shares of company stock worth $1,103,480. 6.80% of the stock is owned by company insiders.
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Several research analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Freshpet from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a research report on Monday, July 24th. Robert W. Baird set a $20.00 target price on shares of Freshpet and gave the stock a “buy” rating in a research report on Sunday, October 15th. BidaskClub lowered shares of Freshpet from a “buy” rating to a “hold” rating in a research report on Friday, August 4th. SunTrust Banks, Inc. increased their price target on shares of Freshpet from $15.00 to $20.00 and gave the company a “buy” rating in a research report on Tuesday, August 8th. Finally, Susquehanna Bancshares Inc initiated coverage on shares of Freshpet in a research report on Monday, October 2nd. They issued a “neutral” rating and a $15.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. Freshpet currently has a consensus rating of “Hold” and a consensus target price of $18.36.
Shares of Freshpet, Inc. (NASDAQ:FRPT) opened at $18.15 on Tuesday. Freshpet, Inc. has a 1 year low of $8.60 and a 1 year high of $18.55.
Freshpet (NASDAQ:FRPT) last announced its earnings results on Monday, November 6th. The company reported ($0.01) earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of ($0.01). Freshpet had a negative net margin of 3.04% and a negative return on equity of 4.19%. The firm had revenue of $41.20 million for the quarter, compared to analyst estimates of $41.19 million. During the same quarter last year, the business earned $0.02 earnings per share. Freshpet’s revenue was up 19.4% compared to the same quarter last year. equities research analysts predict that Freshpet, Inc. will post -0.11 earnings per share for the current year.
Freshpet Company Profile
Freshpet, Inc is a manufacturer of fresh, refrigerated pet food distributed across North America. The Company operates in the segment of manufacturing, marketing and distribution of pet food and pet treats for dogs and cats. The Company’s products consist of dog food, cat food, and dog and cat treats.
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