Saputo (TSE:SAP) Stock Passes Above Two Hundred Day Moving Average of $28.30

Saputo Inc. (TSE:SAP) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$28.30 and traded as high as C$31.64. Saputo shares last traded at C$31.56, with a volume of 406,273 shares changing hands.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. CIBC increased their price target on Saputo from C$35.00 to C$37.00 and gave the company an “outperform” rating in a research note on Monday, June 10th. Desjardins raised their target price on Saputo from C$33.00 to C$35.00 and gave the stock a “buy” rating in a research report on Monday, June 10th. Royal Bank of Canada raised their target price 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. National Bankshares raised their target price on Saputo from C$35.00 to C$36.00 in a research report on Friday, July 12th. Finally, TD Securities raised their target price on Saputo from C$36.00 to C$37.00 and gave the stock a “buy” rating in a research report on Monday, June 10th. Seven research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of C$35.93.

Saputo Stock Performance

The company has a 50-day moving average price of C$30.58 and a two-hundred day moving average price of C$28.32. The company has a current ratio of 1.55, a quick ratio of 0.67 and a debt-to-equity ratio of 58.27. The stock has a market capitalization of C$13.00 billion, a P/E ratio of 39.28, a price-to-earnings-growth ratio of 0.21 and a beta of 0.32.

Saputo (TSE:SAP) last posted its quarterly earnings data on Thursday, June 6th. The company reported C$0.37 earnings per share for the quarter, hitting the consensus estimate of C$0.37. Saputo had a return on equity of 4.76% and a net margin of 1.92%. The firm had revenue of C$4.55 billion during the quarter, compared to analyst estimates of C$4.25 billion. On average, equities analysts forecast that Saputo Inc. will post 1.915804 earnings per share for the current year.

Saputo Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Stockholders of record on Tuesday, September 10th will be paid a $0.19 dividend. The ex-dividend date of this dividend is Tuesday, September 10th. This is an increase from Saputo’s previous quarterly dividend of $0.19. This represents a $0.76 annualized dividend and a dividend yield of 2.48%. Saputo’s dividend payout ratio (DPR) is currently 94.87%.

Insider Activity

In related news, Senior Officer Sindy Saragoca purchased 1,361 shares of the business’s stock in a transaction on Monday, June 17th. The stock was acquired at an average price of C$29.39 per share, for a total transaction of C$39,999.79. In related news, Senior Officer Sindy Saragoca purchased 1,361 shares of the business’s stock in a transaction on Monday, June 17th. The stock was acquired at an average price of C$29.39 per share, for a total transaction of C$39,999.79. Also, Senior Officer Richard Wallace purchased 4,950 shares of the business’s stock in a transaction on Wednesday, June 26th. The shares were bought at an average price of C$30.48 per share, with a total value of C$150,899.76. 42.11% of the stock is currently owned by company insiders.

Saputo Company Profile

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.