Robert Nerbonne Acquires 10,900 Shares of Midera Food Processing (NASDAQ:MFP) Stock

Midera Food Processing (NASDAQ:MFP) Director Robert Nerbonne purchased 10,900 shares of the firm’s stock in a transaction dated Monday, August 17th. The shares were bought 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 in the company, valued at $1,458,313.55. This represents 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 hyperlink.

Midera Food Processing Stock Performance

Shares of MFP stock opened at $48.95 on Friday. The company has a quick ratio of 1.15, a current ratio of 1.84 and a debt-to-equity ratio of 0.32. Midera Food Processing has a twelve month low of $33.00 and a twelve month high of $49.86.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Oppenheimer initiated coverage on shares of Midera Food Processing in a research note on Wednesday, July 15th. They issued an “outperform” rating and a $50.00 price objective for the company. Wall Street Zen raised shares of Midera Food Processing to a “hold” rating in a research report on Saturday, August 1st. Robert W. Baird initiated coverage on shares of Midera Food Processing in a report on Wednesday, July 8th. They set a “neutral” rating and a $40.00 price target for the company. Finally, Zacks Research raised Midera Food Processing to a “hold” rating in a research report on Thursday, July 16th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $45.00.

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.