Allianz Asset Management GmbH Has $14.87 Million Stock Position in Freshpet, Inc. $FRPT

Allianz Asset Management GmbH trimmed its position in Freshpet, Inc. (NASDAQ:FRPT) by 2.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 218,751 shares of the company’s stock after selling 5,340 shares during the quarter. Allianz Asset Management GmbH owned about 0.45% of Freshpet worth $14,866,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. New York State Teachers Retirement System lifted its stake in shares of Freshpet by 4.5% in the second quarter. New York State Teachers Retirement System now owns 18,500 shares of the company’s stock worth $1,257,000 after buying an additional 800 shares during the last quarter. Defender Capital LLC. acquired a new stake in shares of Freshpet in the second quarter worth $285,000. Envestnet Portfolio Solutions Inc. lifted its stake in shares of Freshpet by 37.5% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 8,976 shares of the company’s stock worth $610,000 after buying an additional 2,449 shares during the last quarter. Yousif Capital Management LLC lifted its stake in shares of Freshpet by 1.4% in the second quarter. Yousif Capital Management LLC now owns 18,408 shares of the company’s stock worth $1,251,000 after buying an additional 253 shares during the last quarter. Finally, CWM LLC lifted its stake in shares of Freshpet by 200.4% in the second quarter. CWM LLC now owns 15,750 shares of the company’s stock worth $1,070,000 after buying an additional 10,507 shares during the last quarter.

Freshpet Trading Up 0.8%

Shares of Freshpet stock opened at $51.72 on Tuesday. The firm has a market capitalization of $2.52 billion, a PE ratio of 77.19, a price-to-earnings-growth ratio of 1.15 and a beta of 1.74. The company has a debt-to-equity ratio of 0.40, a current ratio of 4.81 and a quick ratio of 3.75. The company’s fifty day moving average price is $54.66 and its two-hundred day moving average price is $67.95. Freshpet, Inc. has a 52-week low of $46.76 and a 52-week high of $164.07.

Freshpet (NASDAQ:FRPT) last announced its quarterly earnings results on Monday, August 4th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.21. The firm had revenue of $264.69 million for the quarter, compared to analyst estimates of $269.75 million. Freshpet had a net margin of 3.23% and a return on equity of 4.82%. The business’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.03) EPS. Freshpet has set its FY 2025 guidance at EPS. On average, analysts expect that Freshpet, Inc. will post 1.55 EPS for the current year.

Insider Buying and Selling at Freshpet

In other Freshpet news, Director Jacki Sue Kelley purchased 814 shares of the stock in a transaction on Tuesday, September 9th. The shares were purchased at an average price of $56.50 per share, with a total value of $45,991.00. Following the acquisition, the director directly owned 11,907 shares of the company’s stock, valued at $672,745.50. This represents a 7.34% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Walter N. George purchased 1,000 shares of the stock in a transaction on Monday, September 8th. The stock was acquired at an average cost of $52.57 per share, for a total transaction of $52,570.00. Following the acquisition, the director directly owned 46,527 shares in the company, valued at approximately $2,445,924.39. This trade represents a 2.20% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired 6,008 shares of company stock valued at $332,305 in the last 90 days. 4.43% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

FRPT has been the subject of a number of analyst reports. Weiss Ratings restated a “hold (c-)” rating on shares of Freshpet in a research note on Wednesday, October 8th. Benchmark reiterated a “buy” rating and set a $95.00 target price (down from $120.00) on shares of Freshpet in a research note on Tuesday, August 5th. UBS Group cut their target price on shares of Freshpet from $65.00 to $48.00 and set a “sell” rating for the company in a research note on Monday, September 8th. Wells Fargo & Company cut their target price on shares of Freshpet from $88.00 to $65.00 and set an “overweight” rating for the company in a research note on Thursday, September 25th. Finally, Zacks Research upgraded shares of Freshpet from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 3rd. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $103.33.

Freshpet 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.