Maple Leaf Foods (TSE:MFI) Sets New 12-Month Low – Should You Sell?

Maple Leaf Foods Inc. (TSE:MFI)’s share price hit a new 52-week low on Wednesday . The company traded as low as C$21.01 and last traded at C$21.01, with a volume of 39350 shares. The stock had previously closed at C$21.27.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. National Bankshares reduced their price objective on Maple Leaf Foods from C$28.00 to C$26.00 in a research note on Thursday, November 14th. TD Securities dropped their price objective on shares of Maple Leaf Foods from C$35.00 to C$34.00 and set a “buy” rating on the stock in a research note on Thursday, November 14th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of C$29.93.

Maple Leaf Foods Stock Performance

The firm has a market capitalization of C$2.50 billion, a price-to-earnings ratio of 226.00, a P/E/G ratio of 18.07 and a beta of 0.47. The company has a 50-day moving average price of C$22.24 and a 200-day moving average price of C$22.78. The company has a quick ratio of 0.54, a current ratio of 1.32 and a debt-to-equity ratio of 132.03.

Maple Leaf Foods Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 4.33%. The ex-dividend date is Friday, December 6th. Maple Leaf Foods’s payout ratio is currently 977.78%.

Insider Buying and Selling at Maple Leaf Foods

In other Maple Leaf Foods news, Director Linda Mantia bought 4,498 shares of Maple Leaf Foods stock in a transaction that occurred on Friday, November 15th. The stock was purchased at an average cost of C$22.23 per share, for a total transaction of C$99,990.54. 39.87% of the stock is owned by corporate insiders.

About Maple Leaf Foods

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.