New York State Common Retirement Fund Has $571,000 Holdings in Medifast Inc (MED)

New York State Common Retirement Fund raised its holdings in Medifast Inc (NYSE:MED) by 5.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,761 shares of the company’s stock after acquiring an additional 667 shares during the quarter. New York State Common Retirement Fund owned about 0.12% of Medifast worth $571,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Chicago Equity Partners LLC lifted its stake in Medifast by 0.5% in the second quarter. Chicago Equity Partners LLC now owns 17,460 shares of the company’s stock valued at $724,000 after acquiring an additional 90 shares during the last quarter. Texas Permanent School Fund lifted its stake in Medifast by 1.5% in the second quarter. Texas Permanent School Fund now owns 8,185 shares of the company’s stock valued at $339,000 after acquiring an additional 122 shares during the last quarter. Thrivent Financial For Lutherans lifted its stake in Medifast by 3.5% in the first quarter. Thrivent Financial For Lutherans now owns 6,180 shares of the company’s stock valued at $274,000 after acquiring an additional 210 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its stake in Medifast by 0.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 42,990 shares of the company’s stock valued at $1,783,000 after acquiring an additional 247 shares during the last quarter. Finally, California Public Employees Retirement System lifted its stake in Medifast by 0.6% in the first quarter. California Public Employees Retirement System now owns 69,800 shares of the company’s stock valued at $3,097,000 after acquiring an additional 400 shares during the last quarter. Hedge funds and other institutional investors own 89.24% of the company’s stock.

MED has been the subject of a number of analyst reports. Zacks Investment Research upgraded shares of Medifast from a “hold” rating to a “buy” rating and set a $79.00 target price for the company in a research note on Friday. DA Davidson initiated coverage on shares of Medifast in a research note on Wednesday, August 16th. They issued a “buy” rating for the company. BidaskClub upgraded shares of Medifast from a “sell” rating to a “hold” rating in a research note on Saturday, August 19th. Finally, Sidoti reiterated a “neutral” rating and issued a $55.00 target price (up from $49.00) on shares of Medifast in a research note on Thursday, September 21st.

COPYRIGHT VIOLATION NOTICE: “New York State Common Retirement Fund Has $571,000 Holdings in Medifast Inc (MED)” was originally posted by Markets Daily and is the sole property of of Markets Daily. If you are reading this piece of content on another publication, it was stolen and republished in violation of U.S. and international copyright law. The original version of this piece of content can be viewed at https://www.themarketsdaily.com/2017/11/12/new-york-state-common-retirement-fund-has-571000-holdings-in-medifast-inc-med.html.

Shares of Medifast Inc (MED) opened at C$69.28 on Friday. Medifast Inc has a one year low of C$37.67 and a one year high of C$71.73. The stock has a market cap of $826.79, a P/E ratio of 34.13, a price-to-earnings-growth ratio of 2.13 and a beta of 0.45.

Medifast (NYSE:MED) last released its quarterly earnings results on Tuesday, November 7th. The company reported C$0.55 EPS for the quarter, beating the Zacks’ consensus estimate of C$0.51 by C$0.04. Medifast had a net margin of 8.58% and a return on equity of 24.07%. The company had revenue of C$77.20 million for the quarter, compared to analyst estimates of C$74.94 million. During the same quarter last year, the firm posted $0.51 earnings per share. The company’s quarterly revenue was up 12.5% compared to the same quarter last year. equities research analysts expect that Medifast Inc will post 2.17 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, November 9th. Stockholders of record on Friday, September 22nd were given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date was Thursday, September 21st. Medifast’s dividend payout ratio is 63.05%.

Medifast Profile

Medifast, Inc is engaged in the production, distribution and sale of weight loss, weight management and healthy living products, and other consumable health and nutritional products. Medifast product lines include weight loss, weight management, and healthy living meal replacements, snacks, hydration products and vitamins.

Institutional Ownership by Quarter for Medifast (NYSE:MED)

Receive News & Ratings for Medifast Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Medifast Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply