Northern Trust Corp expands its stake in Farmer Bros Co (FARM)

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Farmer Bros logo "title =" Farmer Bros logo "clbad =" companylogo "/> Northern Trust Corp. increased its position in Farmer Bros. Co (NASDAQ: FARM) by 10.1% in the first quarter, according to its last deposit The institutional investor held 171,940 shares of the company after acquiring 15,709 additional shares during the period, while Northern Trust Corp held about 1.02% of Farmer Bros of a value of 5 $ 193,000 when last filed with the SEC </p> <p> Hedge funds and other institutional investors recently added or reduced their holdings in Trigran Investments Inc. increased its ownership interest by 14.8% in Farmer Bros during the first quarter Granite Investment Partners LLC increased its interest in Farmer Bros. shares by 22.0% in the first quarter and Partners LLC now owns 438,104 shares of the company. $ 13,231,000 after purchasing 79,119 additional shares during the last quarter. Wells Fargo & Company MN increased its interest in Farmer Bros shares by 93.0% in the first quarter. Wells Fargo & Company MN now holds 31,218 shares of the company valued at $ 942,000 after purchasing an additional 15,046 shares in the last quarter. BlackRock Inc. increased its interest in Farmer Bros. shares by 2.1% in the fourth quarter. BlackRock Inc. now holds 579,290 shares of the company valued at $ 18,627,000 after purchasing an additional 12,046 shares in the last quarter. Schwab Charles Investment Management Inc. increased its interest in Farmer Bros by 18.2% in the first quarter. Schwab Charles Investment Management Inc. now holds 52,713 shares of the Company valued at $ 1,592,000 after purchasing 8,122 additional shares during the last quarter. Hedge funds and other institutional investors hold 57.97% of the company's shares. </p> <p> In other Farmer Bros news, CEO Michael H. Keown sold 23,333 shares of the company in a transaction on Monday, June 11. The shares were sold at an average price of $ 29.62, for a total transaction of $ 691,123.46. As a result of the transaction, the Chief Executive Officer now holds directly 68,405 shares of the Company, valued at approximately $ 2,026,156.10. The sale has been disclosed in a legal deposit with the Securities & Exchange Commission, which is available on the SEC's website. Insiders of the company own 9.20% of the shares of the company. </p> <p> FARM traded $ 0.40 during trading hours on Friday, reaching $ 29.85. The company's stock had a trading volume of 16,400 shares, against an average volume of 43,690 shares. Farmer Bros Co has a 52-week low of $ 23.60 and a high of $ 52.05 in 52 weeks. The stock has a market capitalization of $ 512.07 million, a capitalization ratio of 42.64, a price / earnings ratio of 5.52 and a beta of 0.51. </p> <p> Farmer Bros. (NASDAQ: FARM) last announced its quarterly results on Tuesday, May 8th. The company reported earnings per share of ($ 0.20) for the quarter, with the exception of $ 0.20 ($ 0.20) for the Thomson Reuters consensus estimate. Farmer Bros had a positive equity return of 1.41% and a negative net margin of 3.82%. The company achieved a turnover of 157.93 million dollars for the quarter, against 161.46 million dollars for badysts. In the same quarter of the previous year, the company earned $ 0.17 earnings per share. Farmer Bros Income increased 14.3% from the same quarter last year. Analysts predict that Farmer Bros Co will post -1.18 earnings per share for the current year. </p> <p> A number of equity research badysts have recently published reports on FARM's stock. BidaskClub has updated Farmer Bros from a "hold" note to a "buy" note in a research note on Friday, March 16th. Zacks Investment Research removed Farmer Bros from a "hold" rating to a "sell" rating in a research note on Wednesday, April 4th. Roth Capital lowered its price target on Farmer Bros from $ 41.00 to $ 36.00 and set a "buy" rating on the stock in a research note on Wednesday, May 9th. Lake Street Capital revalued its "buy" rating and issued a price target of $ 36.00 (down from $ 40.00 previously) on Farmer Bros shares in a research note on Wednesday, May 9th. Finally, B. Riley lowered his price target on Farmer Bros from $ 38.50 to $ 34.00 and made a "buy" note on the title in a research note on Wednesday, May 9th. Two badysts have rated the stock with a reserve note and four have issued a purchase note for the shares of the company. The farmer Bros obtained the consensual rating "Purchase" and a consensus price target of $ 34.25 </p> <p> <strong> About Farmer Bros </strong> </p> <p> Farmer Bros. Co is dedicated to the manufacturing, wholesale and distribution of coffee and culinary products in the United States. The company offers roasted and ground coffee; frozen liquid coffee; flavored and unflavoured iced teas and hot teas; culinary products, including gelatines and puddings, soup bases, salad dressings, sauces and sauce mixes, pancake and biscuit mixes, jellies and preserves, and coffee related products, such as coffee filters, sugar and creamers; spices; and other beverages including cappuccino, cocoa, granitas and ready-to-drink iced coffee. <!--ViewCount:ArticleHistoryID=21355466&PostDate=2018-7-14&type=f&id=3516061--> </p> <p> <strong> Want to see what other hedge funds hold FARM? </strong> Visit HoldingsChannel.com to get the latest 13F deposits and insider trading for Farmer Bros Co (NASDAQ: FARM). </p> <p style= Institutional Property by Quarter for Farmer Bros. (NASDAQ: FARM) "title =" Institutional Property by Quarter for Farmer Bros. (NASDAQ: FARM) "/> [19659011] Receive news and comments from Farmer Bros Daily </strong> – Enter your email address below to receive a concise daily summary of the latest news and badyst ratings for Farmer Bros. and related companies with MarketBeat.com's free daily newsletter.] </pre> </pre> [ad_2] <br /><a href=Source link

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