Midera Food Processing (MFP) - What Are Brokerages Saying About This Stock?

Key Points

• Analyst sentiment is mixed: Five brokerages give Midera Food Processing an average “Hold” rating—three holds and two buys—with an average 12-month price target of $45.
• A company director bought 10,900 shares at an average price of $45.05, increasing his stake by 50.77% to 32,371 shares.
• The stock fell 1.9% to $44.31 on Friday. It has traded between $33.00 and $52.58 over the past 12 months.

Midera Food Processing (NASDAQ:MFP - Get Free Report) has been given an average rating of "Hold" by the five brokerages that are currently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $45.00.

A number of equities research analysts recently weighed in on the company. Wall Street Zen upgraded Midera Food Processing to a "hold" rating in a research report on Saturday, August 1st. William Blair began coverage on shares of Midera Food Processing in a research report on Tuesday, October 20th. They issued an "outperform" rating for the company. Finally, KeyCorp assumed coverage on shares of Midera Food Processing in a research note on Tuesday, August 25th. They set a "sector weight" rating for the company.

Insider Activity

In related news, Director Robert Nerbonne acquired 10,900 shares of the business's stock in a transaction that occurred on Monday, August 17th. The shares were bought at an average cost of $45.05 per share, with a total value of $491,045.00. Following the completion of the purchase, the director directly owned 32,371 shares in the company, valued at $1,458,313.55. The trade was a 50.77% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link.

Hedge Funds Weigh In On Midera Food Processing

Hedge funds have recently bought and sold shares of the company. Bessemer Group Inc. bought a new position in shares of Midera Food Processing in the 3rd quarter worth $38,000. Eurizon Capital SGR S.p.A. acquired a new position in Midera Food Processing during the third quarter worth $40,000. Sterling Capital Management LLC acquired a new position in Midera Food Processing during the third quarter worth $53,000. Fulcrum Asset Management LLP bought a new position in shares of Midera Food Processing in the third quarter valued at $141,000. Finally, Chicago Partners Investment Group LLC bought a new position in shares of Midera Food Processing in the third quarter valued at $213,000.

Midera Food Processing Stock Down 1.9%

MFP traded down $0.85 during trading on Friday, hitting $44.31. 270,654 shares of the stock traded hands, compared to its average volume of 429,576. The business's 50 day moving average is $42.27. Midera Food Processing has a twelve month low of $33.00 and a twelve month high of $52.58. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.84 and a quick ratio of 1.15.

Midera Food Processing Company Profile

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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