Manitowoc Foodservice Inc. (NYSE:MFS) SVP Maurice D. Jones sold 3,400 shares of the firm’s stock in a transaction dated Monday, November 28th. The stock was sold at an average price of $17.84, for a total value of $60,656.00. Following the transaction, the senior vice president now owns 159,594 shares in the company, valued at approximately $2,847,156.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of Manitowoc Foodservice Inc. (NYSE:MFS) opened at 17.74 on Thursday. The company has a 50-day moving average price of $16.58 and a 200-day moving average price of $16.80. Manitowoc Foodservice Inc. has a 12 month low of $13.20 and a 12 month high of $18.94. The firm has a market cap of $2.46 billion and a price-to-earnings ratio of 19.87.

Manitowoc Foodservice (NYSE:MFS) last issued its earnings results on Monday, November 7th. The company reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.03. Manitowoc Foodservice had a return on equity of 57.49% and a net margin of 8.38%. The business earned $384 million during the quarter, compared to analysts’ expectations of $386.60 million. The business’s revenue was down 9.6% on a year-over-year basis. Analysts forecast that Manitowoc Foodservice Inc. will post $0.65 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY WARNING: “Maurice D. Jones Sells 3,400 Shares of Manitowoc Foodservice Inc. (MFS) Stock” was originally reported by Financial Market News and is the sole property of of Financial Market News. If you are viewing this article on another domain, it was stolen and republished in violation of international trademark and copyright laws. The original version of this article can be viewed at http://www.financial-market-news.com/maurice-d-jones-sells-3400-shares-of-manitowoc-foodservice-inc-mfs-stock/1212259/.

A number of institutional investors have recently modified their holdings of the company. Highwater Wealth Management LLC purchased a new position in shares of Manitowoc Foodservice during the second quarter worth about $176,000. Bank of Montreal Can raised its stake in Manitowoc Foodservice by 12.1% in the third quarter. Bank of Montreal Can now owns 17,904 shares of the company’s stock worth $291,000 after buying an additional 1,931 shares during the period. Leavell Investment Management Inc. raised its stake in Manitowoc Foodservice by 7.8% in the third quarter. Leavell Investment Management Inc. now owns 13,833 shares of the company’s stock worth $224,000 after buying an additional 1,000 shares during the period. Great West Life Assurance Co. Can raised its stake in Manitowoc Foodservice by 43.2% in the third quarter. Great West Life Assurance Co. Can now owns 16,745 shares of the company’s stock worth $271,000 after buying an additional 5,052 shares during the period. Finally, Consolidated Investment Group LLC bought a new stake in Manitowoc Foodservice during the third quarter worth approximately $811,000. 82.78% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts have recently commented on MFS shares. Zacks Investment Research lowered Manitowoc Foodservice from a “hold” rating to a “sell” rating in a research report on Tuesday, October 18th. Barclays PLC raised their price target on Manitowoc Foodservice from $13.00 to $16.00 and gave the stock an “equal weight” rating in a research report on Monday, August 15th. Finally, Seaport Global Securities started coverage on Manitowoc Foodservice in a research report on Wednesday, November 16th. They set a “buy” rating and a $22.00 price target on the stock. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Manitowoc Foodservice has an average rating of “Hold” and a consensus target price of $17.75.

About Manitowoc Foodservice

Manitowoc Foodservice, Inc is a commercial foodservice equipment company. The Company designs, manufactures and services an integrated portfolio of hot and cold category products. The Company operates through three segments: Americas, EMEA and APAC. The Americas segment includes the United States, Canada and Latin America.

5 Day Chart for NYSE:MFS

Receive News & Ratings for Manitowoc Foodservice Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Manitowoc Foodservice Inc. and related companies with MarketBeat.com's FREE daily email newsletter.