64,003 Shares of Midera Food Processing $MFP Bought by VIRGINIA RETIREMENT SYSTEMS ET Al

Key Points

• Virginia Retirement Systems purchased 64,003 shares of Midera Food Processing worth approximately $2.6 million, representing a 0.14% stake. Several other institutional investors also initiated positions during the third quarter.
• Director Robert Nerbonne bought 10,900 shares at an average price of $45.05, increasing his holdings by 50.77%.
• Analyst sentiment is mixed, with two Buy ratings and three Hold ratings; the stock has a consensus “Hold” rating and a $45 target price. Shares opened at $41.11, within a 52-week range of $33.00 to $52.58.

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in Midera Food Processing (NASDAQ:MFP - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 64,003 shares of the company's stock, valued at approximately $2,613,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned 0.14% of Midera Food Processing as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Sterling Capital Management LLC acquired a new position in shares of Midera Food Processing during the third quarter worth about $53,000. Yousif Capital Management LLC acquired a new stake in shares of Midera Food Processing in the third quarter valued at about $463,000. Cooke & Bieler LP acquired a new stake in shares of Midera Food Processing in the third quarter valued at about $19,643,000. Kirr Marbach & Co. LLC IN acquired a new stake in shares of Midera Food Processing in the third quarter valued at about $10,743,000. Finally, State of Alaska Department of Revenue purchased a new stake in shares of Midera Food Processing during the 3rd quarter valued at about $285,000.

Insider Activity

In other Midera Food Processing news, Director Robert Nerbonne acquired 10,900 shares of Midera Food Processing stock in a transaction dated Monday, August 17th. The stock was acquired at an average cost of $45.05 per share, for a total transaction of $491,045.00. Following the completion of the transaction, the director owned 32,371 shares in the company, valued at approximately $1,458,313.55. This represents a 50.77% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Oppenheimer initiated coverage on shares of Midera Food Processing in a research note on Wednesday, July 15th. They issued an "outperform" rating and a $50.00 target price for the company. Zacks Research raised shares of Midera Food Processing to a "hold" rating in a report on Thursday, July 16th. William Blair began coverage on shares of Midera Food Processing in a research note on Tuesday, October 20th. They set an "outperform" rating on the stock. Robert W. Baird assumed coverage on shares of Midera Food Processing in a report on Wednesday, July 8th. They issued a "neutral" rating and a $40.00 price objective on the stock. Finally, KeyCorp started coverage on shares of Midera Food Processing in a research report on Tuesday, August 25th. They issued a "sector weight" rating for the company. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $45.00.

Midera Food Processing Stock Up 2.5%

Shares of NASDAQ:MFP opened at $41.11 on Tuesday. The company has a quick ratio of 1.15, a current ratio of 1.84 and a debt-to-equity ratio of 0.32. Midera Food Processing has a fifty-two week low of $33.00 and a fifty-two week high of $52.58. The firm's 50-day simple moving average is $42.86.

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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