Insider Buying: Saputo Inc. (TSE:SAP) Senior Officer Acquires 1,361 Shares of Stock

Saputo Inc. (TSE:SAP) Senior Officer Sindy Saragoca acquired 1,361 shares of Saputo stock in a transaction on Monday, June 17th. The stock was purchased at an average price of C$29.39 per share, with a total value of C$39,999.79.

Saputo Stock Performance

SAP stock opened at C$29.33 on Friday. The business has a fifty day moving average price of C$27.56 and a 200 day moving average price of C$27.24. Saputo Inc. has a fifty-two week low of C$25.28 and a fifty-two week high of C$30.39. The stock has a market capitalization of C$12.45 billion, a price-to-earnings ratio of 37.60, a P/E/G ratio of 0.21 and a beta of 0.32. The company has a debt-to-equity ratio of 58.27, a current ratio of 1.55 and a quick ratio of 0.67.

Saputo Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 26th. Investors of record on Tuesday, June 18th will be issued a dividend of $0.185 per share. The ex-dividend date is Tuesday, June 18th. This represents a $0.74 dividend on an annualized basis and a yield of 2.52%. Saputo’s dividend payout ratio is 94.87%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on SAP shares. Royal Bank of Canada raised their price objective on Saputo from C$36.00 to C$39.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 4th. BMO Capital Markets raised their price objective on Saputo from C$34.00 to C$35.00 and gave the stock an “outperform” rating in a research report on Monday, June 10th. CIBC raised their price objective on Saputo from C$35.00 to C$37.00 and gave the stock an “outperform” rating in a research report on Monday, June 10th. TD Securities increased their target price on Saputo from C$36.00 to C$37.00 and gave the stock a “buy” rating in a report on Monday, June 10th. Finally, Desjardins increased their target price on Saputo from C$33.00 to C$35.00 and gave the stock a “buy” rating in a report on Monday, June 10th. One equities research analyst has rated the stock with a sell rating and seven have assigned a buy rating to the company. According to MarketBeat, Saputo has a consensus rating of “Moderate Buy” and a consensus price target of C$35.19.

About Saputo

Saputo Inc produces, markets, and distributes dairy products in Canada, the United States, Argentina, Australia, and the United Kingdom. The company offers cheeses, including mozzarella and cheddar; specialty cheeses, such as ricotta, provolone, blue, parmesan, goat cheese, feta, romano, and havarti; fine cheeses comprising brie and camembert; and other cheeses that include brick, colby, farmer, munster, monterey jack, fresh curd, and processed cheeses.