Fort Washington Investment Advisors Inc. OH Purchases 684,078 Shares of Midera Food Processing $MFP

Key Points

• Fort Washington Investment Advisors bought 684,078 shares of Midera Food Processing worth approximately $27.9 million, giving it a 1.51% stake in the company.
• Director Robert Nerbonne purchased 10,900 shares for roughly $491,000, increasing his direct holdings by 50.77%.
• Analyst sentiment is mostly neutral: Midera has a consensus “Hold” rating and an average price target of $45, compared with its opening price of $40.59.

Fort Washington Investment Advisors Inc. OH purchased a new position in Midera Food Processing (NASDAQ:MFP - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 684,078 shares of the company's stock, valued at approximately $27,924,000. Fort Washington Investment Advisors Inc. OH owned about 1.51% of Midera Food Processing as of its most recent SEC filing.

Insiders Place Their Bets

In other news, Director Robert Nerbonne purchased 10,900 shares of the company's stock in a transaction on Monday, August 17th. The stock was acquired at an average price of $45.05 per share, with a total value of $491,045.00. Following the transaction, the director directly owned 32,371 shares of the company's stock, valued at approximately $1,458,313.55. This represents a 50.77% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Zacks Research upgraded Midera Food Processing to a "hold" rating in a report on Thursday, July 16th. Wall Street Zen raised Midera Food Processing to a "hold" rating in a research note on Saturday, August 1st. Oppenheimer assumed coverage on Midera Food Processing in a report on Wednesday, July 15th. They set an "outperform" rating and a $50.00 target price for the company. Robert W. Baird assumed coverage on Midera Food Processing in a research report on Wednesday, July 8th. They set a "neutral" rating and a $40.00 price target on the stock. Finally, KeyCorp initiated coverage on Midera Food Processing in a research report on Tuesday, August 25th. They set a "sector weight" rating on the stock. One investment analyst has 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 company currently has a consensus rating of "Hold" and an average target price of $45.00.

Midera Food Processing Stock Performance

Shares of Midera Food Processing stock opened at $40.59 on Friday. The company has a current ratio of 1.84, a quick ratio of 1.15 and a debt-to-equity ratio of 0.32. Midera Food Processing has a 52-week low of $33.00 and a 52-week high of $52.58. The business has a 50 day moving average price of $43.87.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.