Saputo Inc. (TSE:SAP) Receives C$46.25 Consensus PT from Analysts

Shares of Saputo Inc. (TSE:SAP) have been assigned an average recommendation of “Moderate Buy” from the seven ratings firms that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is C$46.25.

A number of equities research analysts have issued reports on the company. Canadian Imperial Bank of Commerce upped their target price on Saputo from C$40.00 to C$44.00 in a research report on Friday, January 30th. National Bank Financial lifted their price target on shares of Saputo from C$45.00 to C$46.00 and gave the company an “outperform” rating in a research report on Monday, February 9th. BMO Capital Markets boosted their price objective on shares of Saputo from C$41.00 to C$42.00 and gave the stock a “market perform” rating in a research note on Monday, February 9th. Royal Bank Of Canada upped their price objective on shares of Saputo from C$47.00 to C$50.00 and gave the stock an “outperform” rating in a report on Sunday, February 8th. Finally, Desjardins raised their target price on shares of Saputo from C$45.00 to C$47.00 and gave the company a “buy” rating in a research note on Monday, February 9th.

Saputo Price Performance

Shares of TSE:SAP opened at C$42.62 on Monday. Saputo has a fifty-two week low of C$23.94 and a fifty-two week high of C$44.00. The business has a 50-day moving average of C$42.13 and a two-hundred day moving average of C$38.52. The stock has a market capitalization of C$17.27 billion, a P/E ratio of 27.32, a P/E/G ratio of 0.56 and a beta of 0.13. The company has a debt-to-equity ratio of 59.15, a current ratio of 1.64 and a quick ratio of 0.67.

Saputo (TSE:SAP) last issued its quarterly earnings data on Thursday, February 5th. The company reported C$0.57 EPS for the quarter. Saputo had a return on equity of 9.50% and a net margin of 3.39%.The business had revenue of C$4.89 billion for the quarter. On average, equities research analysts predict that Saputo will post 1.7735369 EPS for the current fiscal year.

Saputo Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, March 13th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date was Tuesday, March 3rd. Saputo’s dividend payout ratio is 50.00%.

Insider Activity

In other news, insider Patrick Turcotte sold 2,071 shares of the firm’s stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of C$42.18, for a total value of C$87,354.78. Following the sale, the insider directly owned 8,336 shares of the company’s stock, valued at approximately C$351,612.48. This trade represents a 19.90% decrease in their ownership of the stock. Insiders sold 2,659 shares of company stock valued at $112,169 over the last 90 days. Company insiders own 40.45% of the company’s stock.

About Saputo

Saputo is a global dairy processor domiciled in Canada (28% of fiscal 2022 sales) with operations in the United States (43%), the U.K. (6%), and other international markets (23%). It sells cheese, cream, fluid milk, and other dairy products. In the retail segment (50% of revenue), its mix of brands include Saputo, Armstrong, Cheer, Cathedral City, and Frylight. Saputo also competes in food service (30% of revenue) and industrials (20% of revenue), which houses its ingredients business.