MEDIFAST INC (NYSE:MED) Shares Bought by Geode Capital Management LLC
Geode Capital Management LLC increased its stake in MEDIFAST INC (NYSE:MED) by 0.4% during the first quarter, Holdings Channel reports. The firm owned 136,067 shares of the specialty retailer’s stock after buying an additional 576 shares during the period. Geode Capital Management LLC’s holdings in MEDIFAST INC were worth $6,036,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MED. Mason Street Advisors LLC increased its position in MEDIFAST INC by 7.0% in the first quarter. Mason Street Advisors LLC now owns 2,604 shares of the specialty retailer’s stock valued at $116,000 after buying an additional 170 shares during the period. Teachers Retirement System of The State of Kentucky increased its position in MEDIFAST INC by 32.3% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 4,100 shares of the specialty retailer’s stock valued at $171,000 after buying an additional 1,000 shares during the period. Old Mutual Global Investors UK Ltd. bought a new position in MEDIFAST INC during the first quarter valued at $179,000. OppenheimerFunds Inc. bought a new position in MEDIFAST INC during the first quarter valued at $218,000. Finally, Cambridge Investment Research Advisors Inc. increased its position in MEDIFAST INC by 1.8% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 5,173 shares of the specialty retailer’s stock valued at $230,000 after buying an additional 91 shares during the period. Hedge funds and other institutional investors own 91.71% of the company’s stock.
MEDIFAST INC (NYSE:MED) opened at 50.00 on Thursday. The company’s 50 day moving average is $41.96 and its 200 day moving average is $43.21. MEDIFAST INC has a 52-week low of $35.19 and a 52-week high of $50.31. The firm has a market cap of $596.50 million, a P/E ratio of 25.13 and a beta of 0.48.
MEDIFAST INC (NYSE:MED) last released its earnings results on Tuesday, August 8th. The specialty retailer reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.10. MEDIFAST INC had a net margin of 8.62% and a return on equity of 24.72%. The firm had revenue of $75.70 million during the quarter, compared to the consensus estimate of $71.96 million. During the same period in the previous year, the firm earned $0.63 earnings per share. MEDIFAST INC’s revenue was up 6.5% compared to the same quarter last year. Equities research analysts forecast that MEDIFAST INC will post $2.12 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 9th. Shareholders of record on Friday, June 23rd were paid a dividend of $0.32 per share. The ex-dividend date of this dividend was Wednesday, June 21st. This represents a $1.28 annualized dividend and a yield of 2.56%. MEDIFAST INC’s dividend payout ratio is currently 64.32%.
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Separately, Sidoti downgraded shares of MEDIFAST INC from a “buy” rating to a “neutral” rating in a research report on Tuesday, May 2nd.
MEDIFAST INC Company Profile
Medifast, Inc is engaged in the production, distribution and sale of weight loss, weight management and healthy living products, and other consumable health and nutritional products. Medifast product lines include weight loss, weight management, and healthy living meal replacements, snacks, hydration products and vitamins.
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