Freshpet, Inc. (NASDAQ:FRPT) Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp reduced its position in Freshpet, Inc. (NASDAQ:FRPT) by 11.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 96,054 shares of the company’s stock after selling 12,548 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Freshpet were worth $14,227,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Zions Bancorporation N.A. lifted its position in Freshpet by 19.5% during the fourth quarter. Zions Bancorporation N.A. now owns 16,263 shares of the company’s stock valued at $2,409,000 after buying an additional 2,657 shares in the last quarter. EntryPoint Capital LLC purchased a new position in shares of Freshpet in the 4th quarter valued at $247,000. Prudential Financial Inc. lifted its holdings in shares of Freshpet by 7.9% during the 4th quarter. Prudential Financial Inc. now owns 9,480 shares of the company’s stock valued at $1,404,000 after acquiring an additional 696 shares in the last quarter. Vanguard Group Inc. boosted its position in Freshpet by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 4,652,556 shares of the company’s stock worth $689,090,000 after purchasing an additional 46,844 shares during the period. Finally, KLP Kapitalforvaltning AS acquired a new stake in Freshpet in the 4th quarter valued at $1,422,000.

Freshpet Trading Down 2.6 %

NASDAQ:FRPT opened at $84.39 on Friday. The company has a market cap of $4.11 billion, a PE ratio of 89.78 and a beta of 1.58. The business’s 50 day moving average is $118.17 and its two-hundred day moving average is $135.76. 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 52 week low of $80.27 and a 52 week high of $164.07.

Freshpet (NASDAQ:FRPT) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.36 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.36. Freshpet had a return on equity of 3.92% and a net margin of 4.81%. The firm had revenue of $262.71 million for the quarter, compared to analysts’ expectations of $275.46 million. On average, analysts predict that Freshpet, Inc. will post 1.55 EPS for the current year.

Analyst Ratings Changes

FRPT has been the subject of several analyst reports. JPMorgan Chase & Co. decreased their target price on Freshpet from $154.00 to $102.00 and set an “overweight” rating for the company in a research report on Monday, March 10th. Wells Fargo & Company decreased their price target on Freshpet from $170.00 to $142.00 and set an “overweight” rating for the company in a report on Friday, February 21st. Citigroup dropped their price objective on shares of Freshpet from $155.00 to $142.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 12th. Stifel Nicolaus decreased their target price on shares of Freshpet from $155.00 to $135.00 and set a “buy” rating for the company in a research note on Monday, March 10th. Finally, Truist Financial reaffirmed a “buy” rating and set a $140.00 price target (down from $170.00) on shares of Freshpet in a report on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $150.67.

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.