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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

(
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Calendar

4 May 21
31 Jul 21
31 Dec 21
Quarter (USD)
Mar 21 Dec 20 Sep 20 Jun 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
20 Jul 21 Maloney James P. Common Stock Payment of exercise Dispose F No No 277 115 31.86K 1,853
2 Jul 21 Hallquist Constance J. Common Stock Sell Dispose S No Yes 285.09 542 154.52K 6,442
17 Jun 21 Chard Daniel R Common Stock Sell Dispose S No Yes 270.095 200 54.02K 106,326
17 Jun 21 Chard Daniel R Common Stock Sell Dispose S No Yes 269.1175 298 80.2K 106,526
17 Jun 21 Chard Daniel R Common Stock Sell Dispose S No Yes 268.0049 502 134.54K 106,824
17 Jun 21 Chard Daniel R Common Stock Sell Dispose S No Yes 267.0011 802 214.13K 107,326
17 Jun 21 Chard Daniel R Common Stock Sell Dispose S No Yes 265.2889 287 76.14K 108,128
17 Jun 21 Chard Daniel R Common Stock Sell Dispose S No Yes 264.3453 213 56.31K 108,415
17 Jun 21 Chard Daniel R Common Stock Sell Dispose S No Yes 263.3124 863 227.24K 108,628
17 Jun 21 Chard Daniel R Common Stock Sell Dispose S No Yes 262.54 600 157.52K 109,491

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

81.2% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 266 264 +0.8%
Opened positions 40 57 -29.8%
Closed positions 38 30 +26.7%
Increased positions 71 73 -2.7%
Reduced positions 113 94 +20.2%
13F shares
Current Prev Q Change
Total value 2.29B 2.31B -1.2%
Total shares 9.55M 10M -4.5%
Total puts 95.2K 240.8K -60.5%
Total calls 39K 192.3K -79.7%
Total put/call ratio 2.4 1.3 +94.9%
Largest owners
Shares Value Change
BLK Blackrock 1.81M $384.21M +4.9%
Vanguard 1.4M $297.2M +22.6%
Renaissance Technologies 894.41K $189.45M -11.5%
Rice Hall James & Associates 383.03K $81.13M -5.3%
Dimensional Fund Advisors 381.47K $80.8M -10.2%
STT State Street 355.5K $75.8M +2.2%
BK Bank Of New York Mellon 215.41K $45.63M -0.6%
PFG Principal Financial Group Inc - Registered Shares 202.29K $42.85M +3.5%
Geode Capital Management 188.51K $39.93M +9.0%
NTRS Northern Trust 146.16K $30.96M -7.3%
Largest transactions
Shares Bought/sold Change
Vanguard 1.4M +258.94K +22.6%
Mill Road Capital Management 0 -172.45K EXIT
Norges Bank 0 -149.98K EXIT
Renaissance Technologies 894.41K -116.1K -11.5%
PRU Prudential Financial 124.29K +90.06K +263.0%
BLK Blackrock 1.81M +85.32K +4.9%
Arrowstreet Capital, Limited Partnership 112.96K -82.83K -42.3%
Two Sigma Investments 72.45K -80.59K -52.7%
Schroder Investment Management 94.33K -64.7K -40.7%
AMP Ameriprise Financial 54.45K -63.72K -53.9%

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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Readability
H.S. sophomore Avg
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