Medifast Company Profile (NYSE:MED)

About Medifast

Medifast logoMedifast, Inc. (Medifast) is engaged in the production, distribution and sale of weight loss, weight management and healthy living products, and other consumable health and diet products. The Company operates through its subsidiaries, Jason Pharmaceuticals, Inc., Take Shape For Life, Inc., Jason Enterprises, Inc., Medifast Franchise Systems (MFSI), Inc., Jason Properties, LLC, Medifast Nutrition, Inc. and Seven Crondall, LLC. Its product lines include weight loss, weight management, and healthy living meal replacements, snacks, hydration products and vitamins. It provides weight loss, weight management and healthy living products and programs through multiple channels of distribution: direct to consumer channel through its Website and in-house call centers; Take Shape For Life; Franchise Medifast Weight Control Centers, and a national network of physicians. It offers its products under the Medifast, Thrive by Medifast, Optimal Health by Take Shape For Life and Essential 1 brands.

Industry, Sector and Symbol:
  • Sector: Consumer Staples
  • Industry: Specialty Retail, Other
  • Sub-Industry: Personal Products
  • Exchange: NYSE
  • Symbol: MED
  • CUSIP: 58470H10
Key Metrics:
  • Previous Close: $45.27
  • 50 Day Moving Average: $42.40
  • 200 Day Moving Average: $39.83
  • 52-Week Range: $27.64 - $45.95
  • Trailing P/E Ratio: 30.87
  • Foreward P/E Ratio: 22.11
  • P/E Growth: 1.40
  • Market Cap: $539.56M
  • Outstanding Shares: 11,848,000
  • Beta: 0.54
Profitability:
  • Net Margins: 6.43%
  • Return on Equity: 24.64%
  • Return on Assets: 18.79%
Debt:
  • Current Ratio: 3.97%
  • Quick Ratio: 3.39%
Additional Links:
Companies Related to Medifast:

Analyst Ratings

Consensus Ratings for Medifast (NYSE:MED) (?)
Ratings Breakdown: 1 Hold Rating
Consensus Rating:Hold (Score: 2.00)
Consensus Price Target: $36.00 (20.95% downside)

Analysts' Ratings History for Medifast (NYSE:MED)
Show:
DateFirmActionRatingPrice TargetDetails
8/4/2016WunderlichBoost Price TargetHold$32.00 -> $36.00View Rating Details
1/11/2016SidotiUpgradeNeutral -> Buy$35.00View Rating Details
11/8/2015Canaccord GenuityReiterated RatingHold$33.00View Rating Details
(Data available from 2/23/2015 forward)

Earnings

Earnings History for Medifast (NYSE:MED)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
3/8/2017        
11/3/2016Q316$0.45$0.51$66.79 million$68.57 millionViewN/AView Earnings Details
8/3/2016Q216$0.51$0.63$72.01 million$71.14 millionViewN/AView Earnings Details
5/4/2016Q116$0.33$0.42$69.31 million$72.30 millionViewN/AView Earnings Details
3/10/2016Q415$0.35$0.33$62.98 million$61.30 millionViewListenView Earnings Details
11/5/2015Q315$0.42$0.45$67.00 million$65.90 millionViewN/AView Earnings Details
8/5/2015Q215$0.48$0.48$72.79 million$72.20 millionViewN/AView Earnings Details
5/7/2015Q115$0.35$0.46$71.80 million$73.30 millionViewN/AView Earnings Details
3/12/2015Q414$0.46$0.38$69.40 million$62.30 millionViewN/AView Earnings Details
11/5/2014Q314$0.36$0.47$76.10 million$74.00 millionViewN/AView Earnings Details
8/7/2014Q114$0.39$0.44$87.30 million$80.88 millionViewN/AView Earnings Details
5/5/2014Q1$0.37$0.45$87.60 million$86.50 millionViewN/AView Earnings Details
3/10/2014Q413$0.36$0.39$80.83 million$77.30 millionViewN/AView Earnings Details
11/5/2013Q313$0.42$0.41$95.07 million$86.48 millionViewN/AView Earnings Details
8/6/2013Q2 2013$0.51$0.51$101.30 million$97.10 millionViewN/AView Earnings Details
5/8/2013Q1 2013$0.34$0.43$93.77 million$96.00 millionViewN/AView Earnings Details
3/7/2013Q4 2012$0.25$0.28$82.90 million$83.20 millionViewN/AView Earnings Details
11/5/2012Q312$0.40$0.42$89.73 million$91.00 millionViewN/AView Earnings Details
7/26/2012$0.38$0.47ViewN/AView Earnings Details
5/8/2012$0.38$0.29ViewN/AView Earnings Details
3/13/2012$0.21$0.08ViewN/AView Earnings Details
11/3/2011$0.38$0.36ViewN/AView Earnings Details
8/4/2011$0.47$0.41ViewN/AView Earnings Details
5/9/2011$0.41$0.44ViewN/AView Earnings Details
3/31/2011$0.32$0.23ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Medifast (NYSE:MED)
Current Year EPS Consensus Estimate: $1.88 EPS
Next Year EPS Consensus Estimate: $2.06 EPS

Dividends

Current Dividend Information for Medifast (NYSE:MED)
Annual Dividend:$1.28
Dividend Yield:2.81%
Dividend Growth:0.00% (3 Year Average)
Payout Ratio:85.91% (Based on Trailing 12 Months of Earnings)
68.09% (Based on Current Year Consensus EPS Estimate)
62.14% (Based on Next Year Consensus EPS Estimate)

Dividend History for Medifast (NYSE:MED)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
12/9/2016quarterly$0.323.13%12/21/201612/23/20162/9/2017
9/9/2016quarterly$0.252.75%9/21/20169/23/201611/10/2016
6/16/2016quarterly$0.253.04%6/23/20166/27/20168/10/2016
3/10/2016quarterly$0.253.25%3/17/20163/21/20165/10/2016
12/16/2015special$0.2512/23/201512/28/20152/10/2016
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for Medifast (NYSE:MED)
Insider Ownership Percentage: 6.47%
Institutional Ownership Percentage: 90.70%
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
11/15/2016Glenn W WellingDirectorBuy35,000$39.02$1,365,700.00View SEC Filing  
11/9/2016Jeffrey J BrownDirectorBuy10,000$38.71$387,100.00View SEC Filing  
5/31/2016Balanced Master Fund L VisiumMajor ShareholderSell1,350,000$30.25$40,837,500.00View SEC Filing  
4/1/2016Margaret SheetzCOOSell8,333$30.02$250,156.66View SEC Filing  
2/1/2016Margaret SheetzCOOSell8,333$28.62$238,490.46View SEC Filing  
12/1/2015Margaret SheetzCOOSell8,333$29.92$249,323.36View SEC Filing  
11/2/2015Margaret SheetzCOOSell8,333$28.72$239,323.76View SEC Filing  
10/5/2015Margaret SheetzCOOSell8,333$28.88$240,657.04View SEC Filing  
9/3/2015Margaret SheetzCOOSell6,864$28.00$192,192.00View SEC Filing  
9/2/2015Margaret SheetzCOOSell1,469$28.00$41,132.00View SEC Filing  
6/25/2015Moduslink Global Solutions IncMajor ShareholderSell29,654$33.03$979,471.62View SEC Filing  
6/23/2015Moduslink Global Solutions IncMajor ShareholderSell27,443$33.01$905,893.43View SEC Filing  
6/22/2015Moduslink Global Solutions IncMajor ShareholderSell9,494$33.01$313,396.94View SEC Filing  
6/11/2015Barry B BondroffDirectorSell1,666$31.88$53,112.08View SEC Filing  
6/10/2015Margaret SheetzCOOSell8,337$32.00$266,784.00View SEC Filing  
6/4/2015John P McdanielDirectorSell3,000$32.14$96,420.00View SEC Filing  
8/18/2014Jeannette M MillsEVPSell3,000$28.03$84,090.00View SEC Filing  
6/10/2014Jason L GrovesEVPSell3,250$31.75$103,187.50View SEC Filing  
6/10/2014John P McdanielDirectorSell3,500$31.74$111,090.00View SEC Filing  
6/9/2014Jeannette M MillsEVPSell2,784$32.09$89,338.56View SEC Filing  
6/5/2014Charles P ConnollyDirectorSell7,500$30.91$231,825.00View SEC Filing  
12/2/2013Margaret Macdonald SheetzCOOSell18,000$25.63$461,340.00View SEC Filing  
11/22/2013Margaret Macdonald SheetzCOOSell35,000$24.33$851,550.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Latest Headlines for Medifast (NYSE:MED)
DateHeadline
News IconMedifast's Take Shape For Life changes name to Optavia (NYSE:MED)
www.baltimoresun.com - February 20 at 5:52 PM
finance.yahoo.com logoTake Shape For Life® Hosts Largest Go Global Leadership Conference Ever (NYSE:MED)
finance.yahoo.com - February 20 at 5:52 PM
nasdaq.com logoInsiders Bullish on Certain Holdings of VDC (NYSE:MED)
www.nasdaq.com - February 17 at 2:34 PM
News IconMarket Research on Obesity Management Market 2015 and Analysis to 2025 (NYSE:MED)
reports.pr-inside.com - February 14 at 8:04 PM
News IconAAMC Announces Board Officers (NYSE:MED)
patch.com - February 14 at 8:04 PM
bizjournals.com logoTerra's Kitchen is tripling in size, needs space to grow (NYSE:MED)
www.bizjournals.com - February 14 at 8:04 PM
streetinsider.com logoForm SC 13G MEDIFAST INC Filed by: VANGUARD GROUP INC (NYSE:MED)
www.streetinsider.com - February 10 at 7:18 PM
openpr.com logoObesity Management Market Growth with Worldwide Industry Analysis to 2025 (NYSE:MED)
www.openpr.com - February 10 at 12:34 AM
openpr.com logoWeight Management Products Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024 (NYSE:MED)
www.openpr.com - February 3 at 12:20 AM
bloomberg.com logoCompany Overview of Medifast, Inc. (NYSE:MED)
www.bloomberg.com - January 25 at 7:55 PM
capitalcube.com logoMedifast, Inc. – Value Analysis (NYSE:MED) : January 18, 2017 (NYSE:MED)
www.capitalcube.com - January 18 at 7:00 PM
capitalcube.com logoETFs with exposure to Medifast, Inc. : January 17, 2017 (NYSE:MED)
www.capitalcube.com - January 17 at 6:51 PM
openpr.com logoObesity Management Market Globally Expected to Drive Growth through 2025 (NYSE:MED)
www.openpr.com - January 17 at 11:49 AM
capitalcube.com logoMedifast, Inc. breached its 50 day moving average in a Bearish Manner : MED-US : January 13, 2017 (NYSE:MED)
www.capitalcube.com - January 13 at 7:47 PM
sbwire.com logoWeight Loss and Weight Management Diet Market Analysis and Forecasts Upto 2020 (NYSE:MED)
www.sbwire.com - January 13 at 12:02 AM
sbwire.com logoGlobal Weight Loss Services Market: Rising Awareness Among People Regarding Health and Fitness to Drive Growth, Says TMR (NYSE:MED)
www.sbwire.com - January 10 at 6:56 AM
News IconTop Nutritionists Predict the Diet Trends We're Going to Obsess Over in 2017 (NYSE:MED)
www.byrdie.com - January 10 at 6:56 AM
finance.yahoo.com logoMedifast, Inc. to Participate in the 19th Annual ICR Conference (NYSE:MED)
finance.yahoo.com - January 3 at 10:25 PM
sbwire.com logoObesity Management Market to Make Great Impact in Near Future by 2025 (NYSE:MED)
www.sbwire.com - January 3 at 10:55 AM
News IconObesity Management Market Trends and Value Chain 2015-2025 by FMI (NYSE:MED)
reports.pr-inside.com - December 30 at 6:53 PM
sbwire.com logoEurope Weight Management Market Services & Devices Analysis by 2024 (NYSE:MED)
www.sbwire.com - December 28 at 10:23 AM
News IconWeight Loss Management Market by Diet, Services & Equipment – 2024 (NYSE:MED)
www.medgadget.com - December 28 at 10:23 AM
openpr.com logoNow Available Global Obesity Management Market Forecast And Growth 2015-2025 (NYSE:MED)
www.openpr.com - December 17 at 5:11 AM
4-traders.com logoMedifast : Is Now Providing Weight Loss Plans For a Healthier and Balanced Life (NYSE:MED)
www.4-traders.com - December 12 at 10:25 AM
News IconRecently Announced Dividend Raises December 2016 (NYSE:MED)
divhut.com - December 9 at 6:32 PM
reuters.com logoBRIEF-Medifast announces 28 pct increase in qrtrly dividend (NYSE:MED)
www.reuters.com - December 9 at 12:03 AM
biz.yahoo.com logoMEDIFAST INC Files SEC form 8-K, Other Events, Financial Statements and Exhibits (NYSE:MED)
us.rd.yahoo.com - December 8 at 7:02 PM
us.rd.yahoo.com logo4:25 pm Medifast increases quarterly dividend to $0.32/share from $0.25/share (NYSE:MED)
us.rd.yahoo.com - December 8 at 7:02 PM
finance.yahoo.com logoMedifast, Inc. Announces 28 Percent Increase in Quarterly Dividend (NYSE:MED)
finance.yahoo.com - December 8 at 7:02 PM
insidermonkey.com logoMedifast Inc (MED): Are Hedge Funds Right About This Stock? (NYSE:MED)
www.insidermonkey.com - December 6 at 6:20 PM
News Icon5 Medical Tech Stocks You Should Be Investing In (NYSE:MED)
www.modestmoney.com - December 1 at 9:39 AM
capitalcube.com logoMedifast, Inc. breached its 50 day moving average in a Bearish Manner : MED-US : December 1, 2016 (NYSE:MED)
www.capitalcube.com - December 1 at 9:39 AM
News IconHow to Turn Thanksgiving Classics Into Superfood Staples (NYSE:MED)
www.cheatsheet.com - November 23 at 6:09 PM
capitalcube.com logoETFs with exposure to Medifast, Inc. : November 23, 2016 (NYSE:MED)
www.capitalcube.com - November 23 at 6:09 PM
capitalcube.com logoMedifast, Inc. :MED-US: Earnings Analysis: Q3, 2016 By the Numbers : November 22, 2016 (NYSE:MED)
www.capitalcube.com - November 22 at 6:14 PM
finance.yahoo.com logoMEDIFAST INC Financials (NYSE:MED)
finance.yahoo.com - November 17 at 5:47 PM
capitalcube.com logoETF’s with exposure to Medifast, Inc. : November 8, 2016 (NYSE:MED)
www.capitalcube.com - November 8 at 5:43 PM
capitalcube.com logoMedifast, Inc. breached its 50 day moving average in a Bearish Manner : MED-US : November 7, 2016 (NYSE:MED)
www.capitalcube.com - November 7 at 9:56 AM
News IconGlobal Weight Management Products Market to be Driven by Several Health-Related Reasons (NYSE:MED)
www.medgadget.com - November 5 at 8:26 AM
News IconMedifast, Inc. Announces Third Quarter 2016 Financial Results (NYSE:MED)
www.franchising.com - November 5 at 8:26 AM
finance.yahoo.com logoEdited Transcript of MED earnings conference call or presentation 3-Nov-16 8:30pm GMT (NYSE:MED)
finance.yahoo.com - November 4 at 5:32 PM
sg.finance.yahoo.com logoMedifast posts 3Q profit (NYSE:MED)
sg.finance.yahoo.com - November 4 at 9:19 AM
biz.yahoo.com logoQ3 2016 Medifast Inc Earnings Release - After Market Close (NYSE:MED)
biz.yahoo.com - November 3 at 9:55 AM
msn.com logo17 Worst 'Fiber-Rich' Foods (NYSE:MED)
www.msn.com - October 30 at 10:38 AM
mysmartrend.com logoMedifast Up 21.3% Since SmarTrend Uptrend Call (MED) (NYSE:MED)
www.mysmartrend.com - October 26 at 6:09 PM
4-traders.com logoMedifast Inc (NYSE:MED) Files An 8-K (NYSE:MED)
www.4-traders.com - October 18 at 11:21 AM
streetinsider.com logoForm 8-K MEDIFAST INC For: Oct 17 (NYSE:MED)
www.streetinsider.com - October 17 at 6:02 PM
biz.yahoo.com logoMEDIFAST INC Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and Exhibits (NYSE:MED)
biz.yahoo.com - October 17 at 11:07 AM
fidaily.com logoStock is up at $39.47 (MED) Medifast, Inc. to Announce Financial… (NYSE:MED)
www.fidaily.com - October 12 at 6:02 PM
publicnow.com logoMedifast, Inc. to Announce Financial Results for the Third Quarter Ended September 30, 2016 (NYSE:MED)
www.publicnow.com - October 12 at 6:02 PM

Social

What is Medifast's stock symbol?

Medifast trades on the New York Stock Exchange (NYSE) under the ticker symbol "MED."

How often does Medifast pay dividends? What is the dividend yield for Medifast?

Medifast announced a quarterly dividend on Friday, December 9th. Investors of record on Friday, December 23rd will be given a dividend of $0.32 per share on Thursday, February 9th. This represents a $1.28 annualized dividend and a yield of 2.81%. The ex-dividend date is Wednesday, December 21st. This is a boost from Medifast's previous quarterly dividend of $0.25.

Where is Medifast's stock going? Where will Medifast's stock price be in 2017?

1 brokers have issued 12-month target prices for Medifast's shares. Their predictions range from $36.00 to $36.00. On average, they expect Medifast's share price to reach $36.00 in the next year.

When will Medifast announce their earnings?

Medifast is scheduled to release their next quarterly earnings announcement on Wednesday, March, 8th 2017.

Who owns Medifast stock?

Medifast's stock is owned by many different of institutional and retail investors. Top institutional investors include Renaissance Technologies LLC (8.03%), Engaged Capital Flagship Master Fund, LP (6.50%), Dimensional Fund Advisors LP (5.15%), Numeric Investors LLC (4.39%), State Street Corp (2.64%) and AQR Capital Management LLC (1.12%). Company insiders that own Medifast stock include Balanced Master Fund L Visium, Barry B Bondroff, Glenn W Welling, Jeffrey J Brown, John P Mcdaniel, Margaret Sheetz and Moduslink Global Solutions Inc.

Who sold Medifast stock? Who is selling Medifast stock?

Medifast's stock was sold by a variety of institutional investors in the last quarter, including Numeric Investors LLC, Oxford Asset Management, GSA Capital Partners LLP, Federated Investors Inc. PA, AQR Capital Management LLC, Cadence Capital Management LLC and Systematic Financial Management LP. Company insiders that have sold Medifast stock in the last year include Balanced Master Fund L Visium and Margaret Sheetz.

Who bought Medifast stock? Who is buying Medifast stock?

Medifast's stock was purchased by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., Dimensional Fund Advisors LP, State Street Corp, Menta Capital LLC, O Shaughnessy Asset Management LLC, Renaissance Technologies LLC, Tudor Investment Corp Et Al and New York State Teachers Retirement System. Company insiders that have bought Medifast stock in the last two years include Glenn W Welling and Jeffrey J Brown.

How do I buy Medifast stock?

Shares of Medifast can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of Medifast stock cost?

One share of Medifast stock can currently be purchased for approximately $45.54.

Medifast (NYSE:MED) Chart for Thursday, February, 23, 2017


Institutional Ownership Chart

Institutional Ownership by Quarter for Medifast (NYSE:MED)

Earnings History Chart

Earnings by Quarter for Medifast (NYSE:MED)

Dividend History Chart

Dividend Payments by Quarter for Medifast (NYSE:MED)

Last Updated on 2/23/2017 by MarketBeat.com Staff