Company Medifast, Inc.

Equities

MED

US58470H1014

Food Processing

Market Closed - Nyse 04:00:02 2024-05-24 pm EDT 5-day change 1st Jan Change
22.83 USD +0.31% Intraday chart for Medifast, Inc. -8.68% -66.04%

Business Summary

Medifast, Inc. is a health and wellness company. The Company provides a habit-based and coach-guided lifestyle solution OPTAVIA, which provides people with a comprehensive approach to help them achieve lasting optimal health and wellbeing. OPTAVIA's lifestyle plans deliver clinically proven health benefits as well as evidence-based tools, including scientifically developed products and a framework for habit creation reinforced by independent coaches and community support. Through a collaboration with the virtual primary care provider LifeMD, Inc (LifeMD), OPTAVIA customers have access to board-certified affiliated clinicians and medications, such as GLP-1s, that support treatment plans for obesity and other health conditions. OPTAVIA Coaches introduce customers to a set of healthy habits, and offer OPTAVIA-branded products, including Fuelings as well as OPTAVIA ACTIVE, a line of essential amino acid supplements and protein powders. Its operations are conducted through its subsidiaries.

Number of employees: 634

Sales per Business

USD in Million2022Weight2023Weight Delta
Weight Loss, Weight Management and Healthy Living Products
100.0 %
1,599 100.0 % 1,072 100.0 % -32.94%

Sales per region

USD in Million2022Weight2023Weight Delta
United States
100.0 %
1,599 100.0 % 1,072 100.0 % -32.94%

Managers

Managers TitleAgeSince
Chief Executive Officer 59 16-10-02
Director of Finance/CFO 56 20-07-19
Chief Operating Officer 58 18-08-31
Investor Relations Contact - 23-03-01
Comptroller/Controller/Auditor 53 21-09-12
Human Resources Officer 51 19-09-30
Corporate Officer/Principal 44 17-12-31
General Counsel 52 09-10-08

Members of the board

Members of the board TitleAgeSince
Chief Executive Officer 59 16-10-02
Director/Board Member 63 15-06-16
Director/Board Member 59 19-06-11
General Counsel 52 09-10-08
Director/Board Member 60 17-12-31
Director/Board Member 66 15-06-16
Director/Board Member 68 18-06-12
Director/Board Member 43 23-06-13

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 10,937,245 10,639,008 ( 97.27 %) 0 97.27 %

Shareholders

NameEquities%Valuation
BlackRock Advisors LLC
15.51 %
1,690,092 15.51 % 57 M $
Pacer Advisors, Inc.
11.56 %
1,259,369 11.56 % 42 M $
Vanguard Fiduciary Trust Co.
11.32 %
1,233,120 11.32 % 41 M $
Renaissance Technologies LLC
7.316 %
797,123 7.316 % 27 M $
Invesco Advisers, Inc.
5.049 %
550,145 5.049 % 18 M $
429,660 3.943 % 14 M $
Morgan Stanley Investment Management, Inc.
3.898 %
424,700 3.898 % 14 M $
Millennium Management LLC
2.758 %
300,497 2.758 % 10 M $
Dimensional Fund Advisors LP
2.666 %
290,523 2.666 % 10 M $
Hotchkis & Wiley Capital Management LLC
2.647 %
288,370 2.647 % 10 M $

Company contact information

Medifast, Inc.

100 International Drive 18th Floor

21202, Baltimore

+410 581 8042

http://www.medifastinc.com
address Medifast, Inc.(MED)
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