Maple Leaf Foods Inc. (TSE:MFI) Senior Officer Sells C$114,500.00 in Stock

Maple Leaf Foods Inc. (TSE:MFI) Senior Officer Iain William Stewart sold 5,000 shares of the business’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of C$22.90, for a total transaction of C$114,500.00.

Maple Leaf Foods Price Performance

Shares of MFI stock traded up C$0.05 during midday trading on Wednesday, reaching C$22.96. 40,818 shares of the company were exchanged, compared to its average volume of 162,721. The company has a debt-to-equity ratio of 132.03, a quick ratio of 0.54 and a current ratio of 1.32. The company’s 50 day moving average price is C$23.70 and its two-hundred day moving average price is C$23.80. Maple Leaf Foods Inc. has a 12 month low of C$21.52 and a 12 month high of C$30.23. The company has a market cap of C$2.83 billion, a P/E ratio of 254.56, a PEG ratio of 18.07 and a beta of 0.47.

Maple Leaf Foods (TSE:MFI) last released its earnings results on Thursday, August 8th. The company reported C$0.18 EPS for the quarter, topping analysts’ consensus estimates of C$0.17 by C$0.01. Maple Leaf Foods had a net margin of 0.24% and a return on equity of 0.75%. The business had revenue of C$1.26 billion for the quarter, compared to the consensus estimate of C$1.27 billion. On average, sell-side analysts expect that Maple Leaf Foods Inc. will post 0.7794118 earnings per share for the current year.

Maple Leaf Foods Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 6th will be issued a $0.22 dividend. The ex-dividend date of this dividend is Friday, September 6th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.83%. Maple Leaf Foods’s payout ratio is currently 977.78%.

Analysts Set New Price Targets

A number of research firms have issued reports on MFI. TD Securities reduced their target price on shares of Maple Leaf Foods from C$36.00 to C$35.00 in a research note on Friday, August 9th. National Bankshares dropped their price target on shares of Maple Leaf Foods from C$29.00 to C$28.00 in a research report on Friday, August 9th. Scotiabank dropped their price target on shares of Maple Leaf Foods from C$33.50 to C$31.50 and set an “outperform” rating on the stock in a research report on Friday, May 3rd. Finally, CIBC dropped their price target on shares of Maple Leaf Foods from C$31.00 to C$30.00 in a research report on Friday, August 9th. Seven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of C$30.36.

Maple Leaf Foods Company Profile

Maple Leaf Foods Inc produces food products in the United States, Canada, Japan, China, and internationally. The company operates through Meat Protein Group and Plant Protein Group segments. It produces various food products, including prepared meats, ready-to-cook and ready-to-serve meals, fresh pork and poultry, and plant protein products; bacon, hams, wieners, and meat snacks; a variety of delicatessen products; and processed chicken products, such as fully cooked chicken breasts and wings, processed turkey products, specialty sausages, cooked meats, sliced meats, cooked sausage products, lunch kits, and canned meats.