Sen. Markwayne Mullin Sells Freshpet, Inc. (NASDAQ:FRPT) Stock

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 2.6 %

FRPT opened at $144.32 on Friday. Freshpet, Inc. has a one year low of $82.16 and a one year high of $160.91. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.91 and a current ratio of 4.72. The stock has a market cap of $7.00 billion, a price-to-earnings ratio of 162.16 and a beta of 1.41. The stock’s 50 day moving average price is $148.53 and its 200-day moving average price is $137.92.

Freshpet (NASDAQ:FRPT) last issued its 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 business had revenue of $253.40 million for the quarter, compared to analyst estimates of $248.36 million. During the same period last year, the company posted ($0.15) earnings per share. The company’s quarterly revenue 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 year.

Insider Buying and Selling

In related news, President Scott James Morris sold 5,000 shares of the business’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $158.13, for a total transaction of $790,650.00. Following the transaction, the president now directly owns 122,380 shares in the company, valued at approximately $19,351,949.40. The trade was a 3.93 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Thembeka Machaba sold 2,500 shares of the firm’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 transaction of $384,625.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,500 shares of company stock worth $1,962,175. Insiders own 3.70% of the company’s stock.

Analyst Ratings Changes

FRPT has been the subject of a number of analyst reports. Stifel Nicolaus upped their target price on Freshpet from $155.00 to $165.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Wells Fargo & Company lifted their target price on Freshpet from $157.00 to $175.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. JPMorgan Chase & Co. increased their price target on shares of Freshpet from $126.00 to $154.00 and gave the company a “neutral” rating in a research report on Tuesday, November 5th. Oppenheimer lifted their price objective on shares of Freshpet from $155.00 to $180.00 and gave the stock an “outperform” rating in a research report on Thursday, November 14th. Finally, StockNews.com downgraded Freshpet from a “hold” rating to a “sell” rating in a research note on Wednesday, November 20th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, Freshpet presently has an average rating of “Moderate Buy” and an average target price of $163.36.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. WCM Investment Management LLC increased its holdings in shares of Freshpet by 749.7% during the 3rd quarter. WCM Investment Management LLC now owns 2,771,377 shares of the company’s stock valued at $376,187,000 after purchasing an additional 2,445,199 shares in the last quarter. Point72 Asset Management L.P. grew its holdings in Freshpet by 391.5% in the third quarter. Point72 Asset Management L.P. now owns 234,626 shares of the company’s stock valued at $32,090,000 after purchasing an additional 186,889 shares during the period. Charles Schwab Investment Management Inc. raised its stake 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 worth $60,135,000 after buying an additional 154,909 shares during the period. Driehaus Capital Management LLC lifted its holdings in Freshpet by 24.4% during the second quarter. Driehaus Capital Management LLC now owns 721,288 shares of the company’s stock valued at $93,327,000 after purchasing an additional 141,615 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new stake in shares of Freshpet in the second quarter valued at 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.

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.