BlackRock Discloses 14.7% Stake in Freshpet, Inc.
Ticker: FRPT · Form: SC 13G · Filed: Jan 31, 2024 · CIK: 1611647
| Field | Detail |
|---|---|
| Company | Freshpet, INC. (FRPT) |
| Form Type | SC 13G |
| Filed Date | Jan 31, 2024 |
| Risk Level | low |
| Sentiment | bullish |
Complexity: simple
Sentiment: bullish
Topics: institutional-ownership, SC-13G, major-holder, freshpet
TL;DR
**BlackRock owns 14.7% of Freshpet, a bullish sign for the stock.**
AI Summary
BlackRock Inc. reported on January 31, 2024, that as of December 31, 2023, it beneficially owns 7,011,289 shares of Freshpet, Inc. Common Stock. This represents 14.7% of Freshpet's total outstanding shares. This matters to investors because BlackRock, a major institutional investor, holds a significant stake, indicating their confidence in Freshpet's future, which could influence other investors and the stock's stability.
Why It Matters
A large institutional holding by BlackRock can signal strong conviction in Freshpet's business, potentially attracting more investors and providing a floor for the stock price.
Risk Assessment
Risk Level: low — This filing indicates a significant, stable institutional holding, which generally reduces volatility and risk for the stock.
Analyst Insight
A smart investor would view BlackRock's substantial 14.7% stake as a vote of confidence in Freshpet, potentially signaling long-term stability and growth prospects, and might consider further research into Freshpet's fundamentals.
Key Numbers
- 7,011,289 — Shares Owned (Total shares of Freshpet Common Stock beneficially owned by BlackRock Inc.)
- 14.7% — Ownership Percentage (The percentage of Freshpet's outstanding Common Stock owned by BlackRock Inc.)
- December 31, 2023 — Reporting Date (The date as of which BlackRock's ownership stake in Freshpet is reported.)
Key Players & Entities
- BlackRock Inc. (company) — the reporting person and institutional investor
- Freshpet, Inc. (company) — the subject company whose stock is being reported
- 7,011,289 (dollar_amount) — number of shares beneficially owned by BlackRock
- 14.7% (dollar_amount) — percentage of Freshpet's class of securities owned by BlackRock
- December 31, 2023 (person) — the date of the event requiring the filing
Forward-Looking Statements
- BlackRock will maintain a significant stake in Freshpet, Inc. (BlackRock Inc.) — high confidence, target: December 31, 2024
FAQ
What is the name of the company whose shares are being reported in this SC 13G filing?
The company whose shares are being reported is Freshpet, Inc., with CIK 0001611647.
Which entity filed this SC 13G report?
This SC 13G report was filed by BlackRock Inc., with CIK 0001364742.
As of what date was BlackRock Inc.'s ownership stake in Freshpet, Inc. calculated for this filing?
BlackRock Inc.'s ownership stake in Freshpet, Inc. was calculated as of December 31, 2023, which is the 'Date of Event Which Requires Filing of this Statement'.
What percentage of Freshpet, Inc.'s Common Stock does BlackRock Inc. beneficially own, according to this filing?
BlackRock Inc. beneficially owns 14.7% of Freshpet, Inc.'s Common Stock, as stated in the filing.
Under which rule of the Securities Exchange Act of 1934 was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(b) of the Securities Exchange Act of 1934, as indicated by the checked box in the filing.
Filing Details
This Form SC 13G (Form SC 13G) was filed with the SEC on January 31, 2024 by December 31, 2023 regarding Freshpet, Inc. (FRPT).