In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Freshpet Inc. (NASDAQ:FRPT) reported that Jacobs Holding Ag has picked up 1,043,723 of common stock as of 2017-04-19.
The acquisition brings the aggregate amount owned by Jacobs Holding Ag to a total of 1,043,723 representing a 3.1% stake in the company.
For those not familiar with the company, 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. Its recipes include real, fresh meat and varying combinations of vegetables, leafy greens and anti-oxidant rich fruits, without the use of preservatives, additives or artificial ingredients. All of its products are sold under the Freshpet brand name, with ingredients, packaging and labeling customized by class of retail. It also offers fresh treats across all classes of retail under the Dognation and Dog Joy labels. The Company’s products are available in various forms, including slice and serve rolls, bagged meals and tubs. All of the Company’s products are manufactured in the United States.
A glance at Freshpet Inc. (NASDAQ:FRPT)’s key stats reveals a current market capitalization of 392.52 Million based on 33.98 Million shares outstanding and a price at last close of $11.55 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2017-03-14, Cyr picked up 17,850 at a purchase price of $11.07. This brings their total holding to 68,232 as of the date of the filing.
On the sell side, the most recent transaction saw Hieger unload 7,269 shares at a sale price of $9.50. This brings their total holding to 6,336.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Freshpet Inc. (NASDAQ:FRPT) as things move forward to see if its progress aligns with these transactions.
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