Leanne Cutts Purchases 4,000 Shares of Saputo Inc. (TSE:SAP) Stock

Saputo Inc. (TSE:SAP) Senior Officer Leanne Cutts bought 4,000 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The shares were acquired at an average price of C$26.25 per share, for a total transaction of C$105,000.00.

Saputo Trading Up 0.9 %

TSE:SAP opened at C$26.10 on Friday. Saputo Inc. has a 1-year low of C$25.28 and a 1-year high of C$32.15. The business’s 50-day moving average price is C$27.42 and its two-hundred day moving average price is C$29.02. The company has a current ratio of 1.59, a quick ratio of 0.67 and a debt-to-equity ratio of 53.17. The firm has a market capitalization of C$11.08 billion, a price-to-earnings ratio of 41.43, a PEG ratio of 0.56 and a beta of 0.32.

Saputo Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 20th will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 2.91%. The ex-dividend date is Tuesday, December 10th. Saputo’s payout ratio is 120.63%.

Analyst Upgrades and Downgrades

SAP has been the topic of several research analyst reports. National Bankshares decreased their target price on Saputo from C$36.00 to C$35.00 and set an “outperform” rating on the stock in a report on Monday, August 12th. CIBC decreased their target price on Saputo from C$37.00 to C$35.00 and set an “outperform” rating on the stock in a report on Monday, August 12th. Desjardins set a C$34.00 price target on Saputo in a report on Monday, November 11th. TD Securities decreased their price target on Saputo from C$38.00 to C$37.00 in a report on Monday, November 11th. Finally, Royal Bank of Canada decreased their price target on Saputo from C$39.00 to C$38.00 and set an “outperform” rating on the stock in a report on Tuesday, October 29th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, Saputo currently has a consensus rating of “Moderate Buy” and an average price target of C$34.50.

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.