Maurice D. Jones Sells 3,400 Shares of Manitowoc Foodservice Inc. (MFS) Stock
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.
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.
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