Senator Markwayne Mullin (R-Oklahoma) recently sold shares of Freshpet, Inc. NASDAQ: FRPT. In a filing disclosed on December 31st, the Senator disclosed that they had sold between $15,001 and $50,000 in Freshpet stock on December 18th.
Senator Markwayne Mullin also recently made the following trade(s):
- Sold $1,001 - $15,000 in shares of CyberArk Software NASDAQ: CYBR on 12/18/2024.
- Sold $15,001 - $50,000 in shares of Axon Enterprise NASDAQ: AXON on 12/18/2024.
- Sold $15,001 - $50,000 in shares of Eaton NYSE: ETN on 12/18/2024.
- Sold $15,001 - $50,000 in shares of Sprouts Farmers Market NASDAQ: SFM on 12/18/2024.
- Sold $1,001 - $15,000 in shares of Eaton NYSE: ETN on 12/18/2024.
- Sold $15,001 - $50,000 in shares of Ollie's Bargain Outlet NASDAQ: OLLI on 12/18/2024.
- Sold $15,001 - $50,000 in shares of Stride NYSE: LRN on 12/18/2024.
- Sold $1,001 - $15,000 in shares of Badger Meter NYSE: BMI on 12/18/2024.
- Sold $15,001 - $50,000 in shares of CyberArk Software NASDAQ: CYBR on 12/18/2024.
- Sold $1,001 - $15,000 in shares of e.l.f. Beauty NYSE: ELF on 12/18/2024.
Freshpet Stock Down 0.9 %
Shares of Freshpet stock traded down $1.38 during midday trading on Wednesday, reaching $148.11. 506,359 shares of the company's stock traded hands, compared to its average volume of 571,421. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.91 and a current ratio of 4.72. Freshpet, Inc. has a 52 week low of $82.16 and a 52 week high of $160.91. The company's 50 day simple moving average is $148.31 and its 200 day simple moving average is $137.88. The company has a market cap of $7.19 billion, a price-to-earnings ratio of 166.42 and a beta of 1.41.
Freshpet (NASDAQ:FRPT - Get Free Report) last posted its earnings results on Monday, November 4th. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.10. The company had revenue of $253.40 million for the quarter, compared to analyst estimates of $248.36 million. Freshpet had a return on equity of 3.67% and a net margin of 4.75%. The business's revenue was up 26.3% compared to the same quarter last year. During the same period last year, the company earned ($0.15) earnings per share. Equities analysts expect that Freshpet, Inc. will post 0.9 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
FRPT has been the subject of a number of recent analyst reports. Oppenheimer upped their target price on Freshpet from $155.00 to $180.00 and gave the stock an "outperform" rating in a research report on Thursday, November 14th. DA Davidson upped their price objective on shares of Freshpet from $183.00 to $189.00 and gave the stock a "buy" rating in a report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Freshpet from $161.00 to $163.00 and gave the stock a "buy" rating in a report on Tuesday, November 5th. Benchmark restated a "buy" rating and set a $150.00 price target on shares of Freshpet in a report on Friday, November 1st. Finally, Robert W. Baird lifted their price objective on Freshpet from $157.00 to $170.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have given a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $163.36.
Read Our Latest Stock Report on FRPT
Insider Transactions at Freshpet
In other news, insider Thembeka Machaba sold 2,500 shares of the business's stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $153.85, for a total value of $384,625.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, President Scott James Morris sold 5,000 shares of the firm's stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $157.38, for a total value of $786,900.00. Following the sale, the president now directly owns 122,380 shares of the company's stock, valued at $19,260,164.40. This represents a 3.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,500 shares of company stock valued at $1,962,175. Corporate insiders own 3.70% of the company's stock.
Institutional Trading of Freshpet
Several institutional investors have recently modified their holdings of the company. WCM Investment Management LLC lifted its position in Freshpet by 749.7% in the third quarter. WCM Investment Management LLC now owns 2,771,377 shares of the company's stock worth $376,187,000 after purchasing an additional 2,445,199 shares during the period. Point72 Asset Management L.P. lifted its holdings in shares of Freshpet by 391.5% during the 3rd quarter. Point72 Asset Management L.P. now owns 234,626 shares of the company's stock worth $32,090,000 after acquiring an additional 186,889 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Freshpet by 54.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 439,681 shares of the company's stock valued at $60,135,000 after acquiring an additional 154,909 shares in the last quarter. Driehaus Capital Management LLC increased its stake in Freshpet by 24.4% in the second quarter. Driehaus Capital Management LLC now owns 721,288 shares of the company's stock valued at $93,327,000 after acquiring an additional 141,615 shares during the period. Finally, Renaissance Technologies LLC acquired a new position in Freshpet in the second quarter worth about $8,902,000.
About Senator Mullin
Markwayne Mullin (Republican Party) is a member of the U.S. Senate from Oklahoma. He assumed office on January 11, 2023. His current term ends on January 3, 2027. Mullin (Republican Party) ran in a special election to the U.S. Senate to represent Oklahoma. He won in the special general election on November 8, 2022. Mullin is a member of the Cherokee Nation and one of four Native American members of the 116th Congress. At the age of 20, Mullin took over his father's plumbing business. He is also a former professional mixed martial artist. Markwayne Mullin graduated from Stilwell High School. Mullin earned an associate degree in construction technology from Oklahoma State University Institute of Technology. His career experience includes owning and founding multiple businesses.
Freshpet Company Profile
(
Get Free Report)
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.
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