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MED Medifast

Medifast, Inc. is an American nutrition and weight loss company based in Baltimore, Maryland. Medifast produces, distributes, and sells weight loss and health-related products through websites, multi-level marketing, telemarketing, and franchised weight loss clinics. William Vitale, a medical doctor, founded Medifast in 1980. He sold his products directly to other doctors, who in turn prescribed them to their patients.

Company profile

Ticker
MED
Exchange
CEO
Daniel Chard
Employees
Incorporated
Location
Fiscal year end
Former names
HEALTHRITE INC
SEC CIK
IRS number
133714405

MED stock data

(
)

Calendar

26 Feb 21
13 Apr 21
31 Dec 21
Quarter (USD)
Dec 20 Sep 20 Jun 20 Mar 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from Medifast earnings reports.

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
17 Mar 21 Chard Daniel R Common Stock Grant Aquire A No No 0 5,495 0 141,326
17 Mar 21 Maloney James P. Common Stock Grant Aquire A No No 0 776 0 1,968
17 Mar 21 Stephen Kyle Johnson Common Stock Grant Aquire A No No 0 272 0 665
3 Mar 21 Hallquist Constance J. Common Stock Sell Dispose S No No 259.02 4,500 1.17M 6,305
3 Mar 21 Hallquist Constance J. Common Stock Option exercise Aquire M No No 27.68 2,000 55.36K 10,805
3 Mar 21 Hallquist Constance J. Common Stock Option exercise Aquire M No No 28.59 2,500 71.48K 8,805
3 Mar 21 Hallquist Constance J. Stock Options Common Stock Option exercise Dispose M No No 27.68 2,000 55.36K 3,000
3 Mar 21 Hallquist Constance J. Stock Options Common Stock Option exercise Dispose M No No 28.59 2,500 71.48K 0
20 Feb 21 Chard Daniel R Common Stock Payment of exercise Dispose F No No 268.23 1.309 351.11 135,831
19 Feb 21 Chard Daniel R Common Stock Payment of exercise Dispose F No No 268.23 1.841 493.81 137,140

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

85.0% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 264 236 +11.9%
Opened positions 57 42 +35.7%
Closed positions 29 29
Increased positions 73 67 +9.0%
Reduced positions 94 90 +4.4%
13F shares
Current Prev Q Change
Total value 2.33B 1.62B +44.0%
Total shares 10.01M 9.86M +1.5%
Total puts 240.8K 70.7K +240.6%
Total calls 192.3K 342.6K -43.9%
Total put/call ratio 1.3 0.2 +506.8%
Largest owners
Shares Value Change
BLK Blackrock 1.73M $339.38M +4.0%
Vanguard 1.14M $224.64M -0.2%
Renaissance Technologies 1.01M $198.4M +2.1%
Dimensional Fund Advisors 425.01K $83.44M -5.7%
Rice Hall James & Associates 404.43K $79.41M -3.1%
STT State Street 347.89K $68.7M +1.7%
BK Bank Of New York Mellon 216.76K $42.56M -4.8%
Arrowstreet Capital, Limited Partnership 195.79K $38.44M +38.9%
PFG Principal Financial Group Inc - Registered Shares 195.35K $38.36M -5.1%
Geode Capital Management 172.88K $33.94M +3.2%
Largest transactions
Shares Bought/sold Change
Engaged Capital 0 -267.54K EXIT
Miller Value Partners 30.1K -175.5K -85.4%
Mill Road Capital Management 172.45K +172.45K NEW
Norges Bank 149.98K +149.98K NEW
MS Morgan Stanley 139.28K +78.49K +129.1%
Pictet Asset Management 73.4K -75.62K -50.7%
BLK Blackrock 1.73M +67.21K +4.0%
Lombard Odier Asset Management 110K +55K +100.0%
Arrowstreet Capital, Limited Partnership 195.79K +54.83K +38.9%
Allianz Asset Management GmbH 48.79K +42.04K +623.4%

Financial report summary

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Risks
  • We have experienced rapid growth and expect our growth to continue, which could place significant strain on our management, systems, resources, and results of operations.
  • We may be subject to health or advertising related claims from our clients.
  • We may in the future be subject to intellectual property rights claims.
  • The sale of our products in markets outside of the United States may subject us to risks.
  • Changes in consumer preferences could negatively impact our operating results.
  • The weight loss industry is subject to adverse publicity, which could harm our business.
  • The manufacture and sale of ingested products are subject to product liability claims and other risks.
  • Our sales may be adversely impacted by the health and stability of the general economy.
Management Discussion
  • Revenue: Revenue increased $221.1 million, or 31.0%, to $934.8 million in 2020 from $713.7 million in 2019. The average revenue per active earning OPTAVIA Coach increased 13.4% to $5,932 for the three months ended December 31, 2020 from $5,229 for the three months ended December 31, 2019. Increase in the productivity per active earning OPTAVIA Coach for the quarter was driven by an increase in both the number of clients supported by each Coach as well as an increase in average client spend. The year-over-year growth in revenue resulted from program initiatives which drove more clients to participate in our plans, aided by the ongoing transition of clients to higher priced OPTAVIA-branded products. OPTAVIA-branded products represented 83.5% of consumable units sold for the year ended December 31, 2020 compared to 76.0% for the corresponding period in 2019.
Content analysis
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