Bank of New York Mellon Corp Has $3.38 Million Position in Farmer Brothers Company (NASDAQ:FARM)

Bank of New York Mellon Corp boosted its position in Farmer Brothers Company (NASDAQ:FARM) by 11.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 95,650 shares of the company’s stock after buying an additional 9,725 shares during the period. Bank of New York Mellon Corp owned approximately 0.58% of Farmer Brothers worth $3,382,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Dimensional Fund Advisors LP boosted its stake in Farmer Brothers by 10.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 614,453 shares of the company’s stock valued at $22,550,000 after buying an additional 55,755 shares during the period. Granite Investment Partners LLC boosted its position in shares of Farmer Brothers by 24.9% in the first quarter. Granite Investment Partners LLC now owns 405,356 shares of the company’s stock valued at $14,329,000 after buying an additional 80,921 shares during the last quarter. Heartland Advisors Inc. purchased a new position in shares of Farmer Brothers during the first quarter valued at about $4,853,000. State Street Corp boosted its position in shares of Farmer Brothers by 8.8% in the fourth quarter. State Street Corp now owns 128,442 shares of the company’s stock valued at $4,712,000 after buying an additional 10,420 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its position in shares of Farmer Brothers by 19.1% in the first quarter. Russell Investments Group Ltd. now owns 49,219 shares of the company’s stock valued at $1,740,000 after buying an additional 7,892 shares during the last quarter. Hedge funds and other institutional investors own 50.93% of the company’s stock.

Shares of Farmer Brothers Company (NASDAQ FARM) traded down 0.64% during mid-day trading on Tuesday, reaching $30.85. The company had a trading volume of 49,154 shares. Farmer Brothers Company has a 52 week low of $28.90 and a 52 week high of $37.55. The company has a market capitalization of $512.26 million, a price-to-earnings ratio of 4.80 and a beta of 0.48. The stock has a 50 day moving average of $30.50 and a 200-day moving average of $32.75.

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FARM has been the topic of several research reports. Zacks Investment Research cut Farmer Brothers from a “hold” rating to a “sell” rating in a research report on Thursday, May 11th. ValuEngine raised Farmer Brothers from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. TheStreet cut Farmer Brothers from a “b” rating to a “c+” rating in a research report on Tuesday, May 30th. Finally, B. Riley reaffirmed a “buy” rating and set a $37.25 price objective on shares of Farmer Brothers in a research report on Monday, July 10th.

Farmer Brothers Company Profile

Farmer Bros. Co is a national coffee roaster, wholesaler and distributor of coffee, tea and culinary products. The Company offers private brand and consumer-branded coffee products to small independent restaurants and foodservice operators, and institutional buyers. Its product line includes organic, Direct Trade, Direct Trade Verified Sustainable (DTVS) coffees and other coffees, iced and hot teas, cappuccino, spices, and baking/biscuit mixes.

Institutional Ownership by Quarter for Farmer Brothers (NASDAQ:FARM)

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