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

Fort Washington Investment Advisors Inc. OH bought a new position in Midera Food Processing (NASDAQ:MFP) during the 3rd quarter, Holdings Channel reports. The fund bought 684,078 shares of the company’s stock, valued at approximately $27,924,000.

Midera Food Processing Stock Performance

Shares of NASDAQ MFP opened at $40.59 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.84 and a quick ratio of 1.15. Midera Food Processing has a 12 month low of $33.00 and a 12 month high of $52.58. The stock has a fifty day moving average of $43.87.

Insider Buying and Selling at Midera Food Processing

In related news, Director Robert Nerbonne bought 10,900 shares of the business’s stock in a transaction dated Monday, August 17th. The shares were purchased at an average price of $45.05 per share, with a total value of $491,045.00. Following the purchase, the director owned 32,371 shares of the company’s stock, valued at approximately $1,458,313.55. This trade represents a 50.77% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Wall Street Analysts Forecast Growth

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

Midera Food Processing 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.