481,199 Shares in Midera Food Processing $MFP Purchased by Cooke & Bieler LP

Cooke & Bieler LP purchased a new stake in Midera Food Processing (NASDAQ:MFP) during the 3rd quarter, Holdings Channel.com reports. The fund purchased 481,199 shares of the company’s stock, valued at approximately $19,643,000.

Several other institutional investors have also modified their holdings of the stock. Fort Washington Investment Advisors Inc. OH acquired a new position in shares of Midera Food Processing in the 3rd quarter valued at $27,924,000. Kirr Marbach & Co. LLC IN purchased a new position in shares of Midera Food Processing in the 3rd quarter valued at $10,743,000. Finally, State of Alaska Department of Revenue purchased a new position in shares of Midera Food Processing in the 3rd quarter valued at $285,000.

Insider Buying and Selling at Midera Food Processing

In other Midera Food Processing news, Director Robert Nerbonne bought 10,900 shares of the stock in a transaction dated Monday, August 17th. The shares were acquired at an average cost of $45.05 per share, for a total transaction of $491,045.00. Following the completion of the transaction, the director owned 32,371 shares in the company, valued at approximately $1,458,313.55. The trade was a 50.77% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Wall Street Analyst Weigh In

Several brokerages recently commented on MFP. Zacks Research upgraded shares of Midera Food Processing to a “hold” rating in a research note on Thursday, July 16th. William Blair assumed coverage on shares of Midera Food Processing in a research note on Tuesday. They issued an “outperform” rating for the company. Wall Street Zen upgraded shares of Midera Food Processing to a “hold” rating in a research note on Saturday, August 1st. KeyCorp initiated coverage on Midera Food Processing in a report on Tuesday, August 25th. They set a “sector weight” rating on the stock. Finally, Oppenheimer started coverage on Midera Food Processing in a research report on Wednesday, July 15th. They set an “outperform” rating and a $50.00 target price on the stock. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Midera Food Processing presently has a consensus rating of “Hold” and an average price target of $45.00.

Midera Food Processing Stock Down 1.3%

MFP opened at $41.30 on Thursday. Midera Food Processing has a 52 week low of $33.00 and a 52 week high of $52.58. The stock’s 50 day moving average price is $43.54. The company has a current ratio of 1.84, a quick ratio of 1.15 and a debt-to-equity ratio of 0.32.

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.