Midera Food Processing (NASDAQ:MFP) Research Coverage Started at William Blair

William Blair began coverage on shares of Midera Food Processing (NASDAQ:MFP) in a research note issued to investors on Tuesday, Marketbeat reports. The brokerage issued an outperform rating on the stock.

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

Midera Food Processing Trading Down 0.3%

Shares of MFP opened at $41.19 on Tuesday. The business has a 50 day moving average price of $43.50. 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 52 week low of $33.00 and a 52 week high of $52.58.

Insider Transactions at Midera Food Processing

In related news, Director Robert Nerbonne acquired 10,900 shares of the stock in a transaction that occurred on Monday, August 17th. The stock was purchased at an average cost of $45.05 per share, for a total transaction of $491,045.00. Following the purchase, the director directly owned 32,371 shares in the company, valued at $1,458,313.55. This represents a 50.77% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link.

Institutional Investors Weigh In On Midera Food Processing

A number of hedge funds have recently added to or reduced their stakes in MFP. Sterling Capital Management LLC acquired a new position in shares of Midera Food Processing during the third quarter valued at $53,000. State of Alaska Department of Revenue acquired a new stake in shares of Midera Food Processing in the 3rd quarter worth about $285,000. Yousif Capital Management LLC bought a new stake in Midera Food Processing in the 3rd quarter valued at about $463,000. Kirr Marbach & Co. LLC IN bought a new stake in Midera Food Processing in the 3rd quarter valued at about $10,743,000. Finally, Cooke & Bieler LP bought a new stake in Midera Food Processing in the 3rd quarter valued at about $19,643,000.

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.