Landec Co. (NASDAQ:LNDC) COO Ronald Lane Midyett sold 13,450 shares of the firm’s stock in a transaction dated Wednesday, April 18th. The shares were sold at an average price of $13.93, for a total transaction of $187,358.50. Following the completion of the transaction, the chief operating officer now directly owns 85,141 shares in the company, valued at approximately $1,186,014.13. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Ronald Lane Midyett also recently made the following trade(s):

  • On Friday, April 6th, Ronald Lane Midyett sold 2,517 shares of Landec stock. The shares were sold at an average price of $14.02, for a total transaction of $35,288.34.

NASDAQ:LNDC opened at $13.75 on Friday. The company has a quick ratio of 0.92, a current ratio of 1.33 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $381.77, a price-to-earnings ratio of 49.46 and a beta of 0.82. Landec Co. has a 52 week low of $11.42 and a 52 week high of $14.95.

Landec (NASDAQ:LNDC) last posted its quarterly earnings data on Tuesday, April 3rd. The basic materials company reported $0.09 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.09. The firm had revenue of $149.32 million during the quarter, compared to analyst estimates of $146.09 million. Landec had a net margin of 3.95% and a return on equity of 3.17%. The company’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter last year, the business posted $0.18 EPS. equities analysts forecast that Landec Co. will post 0.4 earnings per share for the current year.

Several equities analysts recently weighed in on LNDC shares. Maxim Group reaffirmed a “buy” rating and issued a $18.00 price target on shares of Landec in a research report on Tuesday, April 3rd. BidaskClub raised shares of Landec from a “sell” rating to a “hold” rating in a research report on Wednesday, March 14th. Finally, Zacks Investment Research raised shares of Landec from a “sell” rating to a “hold” rating in a research report on Thursday, March 8th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $15.33.

Large investors have recently bought and sold shares of the business. MetLife Investment Advisors LLC purchased a new stake in Landec in the 4th quarter valued at about $177,000. Stone Ridge Asset Management LLC purchased a new stake in Landec in the 4th quarter valued at about $405,000. Deutsche Bank AG increased its stake in Landec by 111.0% in the 4th quarter. Deutsche Bank AG now owns 60,779 shares of the basic materials company’s stock valued at $765,000 after buying an additional 31,978 shares during the last quarter. Kennedy Capital Management Inc. purchased a new stake in Landec in the 4th quarter valued at about $1,410,000. Finally, Schwab Charles Investment Management Inc. increased its stake in Landec by 5.1% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 112,241 shares of the basic materials company’s stock valued at $1,454,000 after buying an additional 5,432 shares during the last quarter. Hedge funds and other institutional investors own 93.80% of the company’s stock.

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Landec Company Profile

Landec Corporation, together with its subsidiaries, designs, develops, manufactures, and sells differentiated health and wellness products for food and biomaterials markets. It operates through three segments: Packaged Fresh Vegetables, Food Export, and Biomaterials. The Packaged Fresh Vegetables segment markets and packs specialty packaged whole and fresh-cut fruits and vegetables utilizing the BreatheWay specialty packaging technology for the retail grocery, club store, and food service industries under the Eat Smart and GreenLine brands, as well as private label brands; and sells BreatheWay packaging technology to partners for fruit and vegetable products.

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