Sen. Markwayne Mullin Sells Off Shares of Freshpet, Inc. (NASDAQ:FRPT)

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 Trading Down 0.9 %

Shares of FRPT opened at $148.11 on Wednesday. The business’s 50-day moving average price is $148.01 and its 200-day moving average price is $137.81. The stock has a market cap of $7.19 billion, a PE ratio of 166.42 and a beta of 1.41. The company has a quick ratio of 3.91, a current ratio of 4.72 and a debt-to-equity ratio of 0.41. Freshpet, Inc. has a twelve month low of $82.16 and a twelve month high of $160.91.

Freshpet (NASDAQ:FRPT) last issued its quarterly earnings results on Monday, November 4th. The company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.10. Freshpet had a net margin of 4.75% and a return on equity of 3.67%. The firm had revenue of $253.40 million for the quarter, compared to analyst estimates of $248.36 million. During the same quarter in the prior year, the firm earned ($0.15) EPS. The business’s revenue for the quarter was up 26.3% compared to the same quarter last year. On average, equities analysts forecast that Freshpet, Inc. will post 0.9 EPS for the current fiscal year.

Insider Buying and Selling

In other Freshpet news, insider Thembeka Machaba sold 2,500 shares of the company’s stock in a transaction dated 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Scott James Morris sold 5,000 shares of the business’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 value of $790,650.00. Following the transaction, 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 disclosure for this sale can be found here. In the last ninety days, insiders sold 12,500 shares of company stock worth $1,962,175. 3.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Freshpet

Institutional investors and hedge funds have recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Freshpet by 5.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,947 shares of the company’s stock valued at $1,287,000 after buying an additional 483 shares during the last quarter. Commonwealth Equity Services LLC raised its stake in shares of Freshpet by 89.9% in the second quarter. Commonwealth Equity Services LLC now owns 7,723 shares of the company’s stock worth $999,000 after purchasing an additional 3,657 shares during the last quarter. Rhumbline Advisers lifted its holdings in shares of Freshpet by 0.8% during the second quarter. Rhumbline Advisers now owns 47,696 shares of the company’s stock valued at $6,171,000 after purchasing an additional 384 shares in the last quarter. National Bank of Canada FI purchased a new stake in shares of Freshpet during the second quarter valued at $64,000. Finally, Arizona State Retirement System increased its holdings in Freshpet by 2.0% in the 2nd quarter. Arizona State Retirement System now owns 12,843 shares of the company’s stock worth $1,662,000 after buying an additional 248 shares in the last quarter.

Analyst Ratings Changes

Several equities research analysts have issued reports on FRPT shares. Deutsche Bank Aktiengesellschaft lifted their price target on Freshpet from $161.00 to $163.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. Stifel Nicolaus upped their target price on Freshpet from $155.00 to $165.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Truist Financial increased their price target on shares of Freshpet from $160.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. JPMorgan Chase & Co. boosted their price objective on shares of Freshpet from $126.00 to $154.00 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. Finally, Oppenheimer increased their target price on shares of Freshpet from $155.00 to $180.00 and gave the company an “outperform” rating in a report on Thursday, November 14th. One analyst has rated the stock with a sell rating, two have given a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $163.36.

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.

About Freshpet

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.