William Blair Begins Coverage on Midera Food Processing (NASDAQ:MFP)

by · The Markets Daily

Equities researchers at William Blair started coverage on shares of Midera Food Processing (NASDAQ:MFP – Get Free Report) in a report released on Tuesday, Marketbeat.com reports. The firm set an “outperform” rating on the stock.

A number of other brokerages have also recently weighed in on MFP. Wall Street Zen upgraded Midera Food Processing to a “hold” rating in a report on Saturday, August 1st. Oppenheimer began coverage on Midera Food Processing in a research report on Wednesday, July 15th. They issued an “outperform” rating and a $50.00 price objective on the stock. Robert W. Baird assumed coverage on Midera Food Processing in a research report on Wednesday, July 8th. They issued a “neutral” rating and a $40.00 price objective on the stock. Zacks Research upgraded Midera Food Processing to a “hold” rating in a research note on Thursday, July 16th. Finally, KeyCorp started coverage on Midera Food Processing in a research note on Tuesday, August 25th. They set a “sector weight” rating on the stock. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $45.00.

Check Out Our Latest Report on Midera Food Processing

Midera Food Processing Stock Performance

NASDAQ:MFP opened at $40.04 on Tuesday. The company has a current ratio of 1.84, a quick ratio of 1.15 and a debt-to-equity ratio of 0.32. The company’s fifty day simple moving average is $43.65. Midera Food Processing has a twelve month low of $33.00 and a twelve month high of $52.58.

Insider Transactions at Midera Food Processing

In other news, Director Robert Nerbonne acquired 10,900 shares of the company’s stock in a transaction dated Monday, August 17th. The shares were bought at an average price of $45.05 per share, for a total transaction of $491,045.00. Following the completion of the purchase, the director directly owned 32,371 shares of the company’s stock, valued at approximately $1,458,313.55. This trade represents a 50.77% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Midera Food Processing stock. State of Alaska Department of Revenue bought a new stake in Midera Food Processing (NASDAQ:MFP – Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 6,989 shares of the company’s stock, valued at approximately $285,000.

Midera Food Processing Company Profile

(Get Free Report)

Midera Food Processing Inc provides food processing solutions. The Company specializes in the processing of raw material preparation and production and product packaging for retail and food service applications. Midera Food Processing Inc, formerly known as MINERA FOOD PRC, is based in Rosemont, Illinois.

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