State Street Corp Has $4.41 Million Holdings in Farmer Brothers Co. (FARM)

State Street Corp raised its holdings in Farmer Brothers Co. (NASDAQ:FARM) by 11.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 145,701 shares of the company’s stock after buying an additional 15,188 shares during the period. State Street Corp owned about 0.88% of Farmer Brothers worth $4,405,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Victory Capital Management Inc. grew its holdings in shares of Farmer Brothers by 17.7% during the second quarter. Victory Capital Management Inc. now owns 4,735 shares of the company’s stock worth $143,000 after purchasing an additional 711 shares during the last quarter. Nationwide Fund Advisors grew its holdings in shares of Farmer Brothers by 6.9% during the second quarter. Nationwide Fund Advisors now owns 5,825 shares of the company’s stock worth $176,000 after purchasing an additional 378 shares during the last quarter. Citigroup Inc. grew its holdings in shares of Farmer Brothers by 2,043.6% during the second quarter. Citigroup Inc. now owns 6,238 shares of the company’s stock worth $189,000 after purchasing an additional 5,947 shares during the last quarter. Alliancebernstein L.P. grew its holdings in shares of Farmer Brothers by 22.9% during the second quarter. Alliancebernstein L.P. now owns 7,517 shares of the company’s stock worth $227,000 after purchasing an additional 1,400 shares during the last quarter. Finally, Suntrust Banks Inc. grew its holdings in shares of Farmer Brothers by 8.3% during the second quarter. Suntrust Banks Inc. now owns 8,396 shares of the company’s stock worth $253,000 after purchasing an additional 642 shares during the last quarter. Institutional investors own 55.90% of the company’s stock.

Farmer Brothers Co. (NASDAQ FARM) opened at $34.70 on Thursday. The stock has a market capitalization of $584.46, a PE ratio of 67.16 and a beta of 0.45. Farmer Brothers Co. has a twelve month low of $28.75 and a twelve month high of $37.35.

Farmer Brothers (NASDAQ:FARM) last released its quarterly earnings results on Tuesday, November 7th. The company reported $0.03 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.01) by $0.04. Farmer Brothers had a return on equity of 4.13% and a net margin of 4.02%. The firm had revenue of $131.70 million for the quarter, compared to analyst estimates of $131.09 million. During the same quarter last year, the company posted $0.21 earnings per share. The business’s revenue was up .9% on a year-over-year basis. analysts predict that Farmer Brothers Co. will post 0.72 earnings per share for the current fiscal year.

In related news, Director Jeanne Farmer Grossman sold 5,122 shares of the firm’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $34.44, for a total transaction of $176,401.68. Following the transaction, the director now owns 16,973 shares of the company’s stock, valued at $584,550.12. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Randy E. Clark purchased 3,000 shares of the stock in a transaction that occurred on Monday, November 13th. The shares were bought at an average cost of $32.00 per share, for a total transaction of $96,000.00. Following the acquisition, the director now owns 14,316 shares of the company’s stock, valued at $458,112. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 6,000 shares of company stock worth $192,590 and have sold 40,764 shares worth $1,319,029. Company insiders own 9.30% of the company’s stock.

FARM has been the topic of several research reports. Zacks Investment Research lowered Farmer Brothers from a “hold” rating to a “sell” rating in a report on Wednesday, October 4th. TheStreet raised Farmer Brothers from a “c+” rating to a “b-” rating in a report on Wednesday, November 1st. B. Riley reaffirmed a “buy” rating and set a $38.50 price objective on shares of Farmer Brothers in a report on Wednesday, November 8th. Finally, ValuEngine raised Farmer Brothers from a “sell” rating to a “hold” rating in a report on Tuesday, August 22nd.

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Farmer Brothers Company Profile

Farmer Bros. Co is a national coffee roaster, wholesaler and distributor of coffee, tea and culinary products. The Company offers private brand and consumer-branded coffee products to small independent restaurants and foodservice operators, and institutional buyers. Its product line includes organic, Direct Trade, Direct Trade Verified Sustainable (DTVS) coffees and other coffees, iced and hot teas, cappuccino, spices, and baking/biscuit mixes.

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Institutional Ownership by Quarter for Farmer Brothers (NASDAQ:FARM)

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