Carl Colizza Purchases 6,800 Shares of Saputo Inc. (TSE:SAP) Stock

Saputo Inc. (TSE:SAP) Senior Officer Carl Colizza bought 6,800 shares of Saputo stock in a transaction that occurred on Tuesday, August 13th. The stock was bought at an average cost of C$29.43 per share, for a total transaction of C$200,124.00.

Saputo Stock Performance

TSE SAP traded up C$0.07 during trading hours on Tuesday, reaching C$29.47. The company’s stock had a trading volume of 71,595 shares, compared to its average volume of 414,375. The business has a 50-day simple moving average of C$30.61 and a 200 day simple moving average of C$28.32. Saputo Inc. has a 52 week low of C$25.28 and a 52 week high of C$32.15. The stock has a market cap of C$12.51 billion, a PE ratio of 37.83, a PEG ratio of 0.21 and a beta of 0.32. The company has a current ratio of 1.55, a quick ratio of 0.67 and a debt-to-equity ratio of 58.27.

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

Saputo Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Tuesday, September 10th will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Tuesday, September 10th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.58%. This is a positive change from Saputo’s previous quarterly dividend of $0.19. Saputo’s dividend payout ratio (DPR) is 94.87%.

Wall Street Analyst Weigh In

SAP has been the topic of a number of recent research reports. Royal Bank of Canada upped their target price on Saputo from C$36.00 to C$39.00 and gave the company an “outperform” rating in a research note on Tuesday, June 4th. TD Securities increased their price target on shares of Saputo from C$36.00 to C$37.00 and gave the stock a “buy” rating in a research report on Monday, June 10th. National Bankshares reduced their price target on shares of Saputo from C$36.00 to C$35.00 and set an “outperform” rating on the stock in a research report on Monday. CIBC reduced their price target on shares of Saputo from C$37.00 to C$35.00 and set an “outperform” rating on the stock in a research report on Monday. Finally, BMO Capital Markets increased their price target on shares of Saputo from C$34.00 to C$35.00 and gave the stock an “outperform” rating in a research report on Monday, June 10th. Seven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of C$35.50.

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.