William Blair Begins Coverage on Midera Food Processing (NASDAQ:MFP)

William Blair started coverage on shares of Midera Food Processing (NASDAQ:MFP) in a report released on Tuesday, MarketBeat.com reports. The firm set an “outperform” rating on the stock.

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

Midera Food Processing Stock Performance

Shares of Midera Food Processing stock opened at $40.04 on Tuesday. The firm’s 50-day simple moving average is $43.65. 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 1-year low of $33.00 and a 1-year high of $52.58.

Insiders Place Their Bets

In related news, Director Robert Nerbonne acquired 10,900 shares of the firm’s stock in a transaction on Monday, August 17th. The stock was bought at an average cost of $45.05 per share, with a total value of $491,045.00. Following the acquisition, the director directly owned 32,371 shares in the company, valued at approximately $1,458,313.55. The trade was a 50.77% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Institutional Investors Weigh In On Midera Food Processing

An institutional investor recently bought a new stake in Midera Food Processing stock. Fort Washington Investment Advisors Inc. OH bought a new stake in Midera Food Processing (NASDAQ:MFP) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 684,078 shares of the company’s stock, valued at approximately $27,924,000. Fort Washington Investment Advisors Inc. OH owned approximately 1.51% of Midera Food Processing as of its most recent filing with the SEC.

About Midera Food Processing

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.