Freshpet Inc (FRPT) Shares Sold by OLD National Bancorp IN

OLD National Bancorp IN trimmed its position in shares of Freshpet Inc (NASDAQ:FRPT) by 32.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,018 shares of the company’s stock after selling 6,127 shares during the period. OLD National Bancorp IN’s holdings in Freshpet were worth $247,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Voya Investment Management LLC acquired a new stake in shares of Freshpet during the 2nd quarter worth $188,000. Brighton Jones LLC acquired a new stake in shares of Freshpet during the 3rd quarter worth $232,000. Arrowstreet Capital Limited Partnership acquired a new stake in Freshpet in the 2nd quarter valued at $252,000. Tokio Marine Asset Management Co. Ltd. acquired a new stake in Freshpet in the 4th quarter valued at $311,000. Finally, California Public Employees Retirement System acquired a new stake in Freshpet in the 4th quarter valued at $357,000. Institutional investors and hedge funds own 74.25% of the company’s stock.

Shares of Freshpet Inc (NASDAQ FRPT) opened at $19.40 on Friday. Freshpet Inc has a twelve month low of $9.25 and a twelve month high of $20.50.

FRPT has been the subject of several recent research reports. BidaskClub upgraded Freshpet from a “hold” rating to a “buy” rating in a report on Friday, December 22nd. Robert W. Baird reiterated a “buy” rating and issued a $22.00 price target on shares of Freshpet in a report on Wednesday, January 3rd. Stifel Nicolaus reiterated a “buy” rating on shares of Freshpet in a report on Friday, December 15th. TheStreet upgraded Freshpet from a “d+” rating to a “c-” rating in a report on Thursday, November 30th. Finally, Oppenheimer reiterated a “hold” rating on shares of Freshpet in a report on Friday, December 1st. Two analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $19.07.

In other Freshpet news, insider Scott James Morris sold 2,500 shares of the company’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $18.71, for a total value of $46,775.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Richard A. Kassar sold 10,000 shares of the company’s stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of $18.93, for a total transaction of $189,300.00. Following the completion of the transaction, the chief financial officer now directly owns 209,994 shares of the company’s stock, valued at $3,975,186.42. The disclosure for this sale can be found here. Corporate insiders own 6.80% of the company’s stock.

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Freshpet Company Profile

Freshpet, Inc is a manufacturer of fresh, refrigerated pet food distributed across North America. The Company operates in the segment of manufacturing, marketing and distribution of pet food and pet treats for dogs and cats. The Company’s products consist of dog food, cat food, and dog and cat treats.

Institutional Ownership by Quarter for Freshpet (NASDAQ:FRPT)

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