Randall Huffman Sells 5,075 Shares of Maple Leaf Foods (TSE:MFI) Stock

Maple Leaf Foods Inc. (TSE:MFI) insider Randall Huffman sold 5,075 shares of the company’s stock in a transaction on Monday, May 25th. The stock was sold at an average price of C$29.45, for a total transaction of C$149,458.75. Following the sale, the insider directly owned 89,044 shares of the company’s stock, valued at C$2,622,345.80. The trade was a 5.39% decrease in their position.

Randall Huffman also recently made the following trade(s):

• On Friday, May 22nd, Randall Huffman sold 4,500 shares of Maple Leaf Foods stock. The shares were sold at an average price of C$29.35, for a total transaction of C$132,075.00.

Maple Leaf Foods Stock Performance

TSE:MFI opened at C$29.66 on Thursday. The company has a market cap of C$3.69 billion, a P/E ratio of 7.05, a P/E/G ratio of 18.07 and a beta of 0.54. Maple Leaf Foods Inc. has a twelve month low of C$23.35 and a twelve month high of C$36.35. The company’s 50-day moving average price is C$29.43 and its 200-day moving average price is C$27.19. The company has a current ratio of 1.34, a quick ratio of 0.54 and a debt-to-equity ratio of 91.78.

Maple Leaf Foods (TSE:MFI) last announced its quarterly earnings data on Thursday, May 7th. The company reported C$0.34 earnings per share (EPS) for the quarter. The company had revenue of C$962.85 million during the quarter. Maple Leaf Foods had a net margin of 12.44% and a return on equity of 36.56%. On average, sell-side analysts forecast that Maple Leaf Foods Inc. will post 1.4334187 earnings per share for the current fiscal year.

Maple Leaf Foods Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 31st were given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.8%. This is a boost from Maple Leaf Foods’s previous quarterly dividend of $0.19. The ex-dividend date was Monday, March 9th. Maple Leaf Foods’s dividend payout ratio (DPR) is currently 20.90%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Scotiabank upgraded Maple Leaf Foods from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 11th. Ventum Financial set a C$37.00 target price on Maple Leaf Foods and gave the stock a “buy” rating in a research note on Wednesday, April 22nd. Canaccord Genuity Group lifted their price target on Maple Leaf Foods from C$37.00 to C$38.00 and gave the stock a “buy” rating in a report on Friday, May 8th. Ventum Capital boosted their price target on shares of Maple Leaf Foods from C$37.00 to C$39.00 and gave the company a “buy” rating in a research report on Friday, May 8th. Finally, Royal Bank Of Canada upped their price objective on shares of Maple Leaf Foods from C$33.00 to C$34.00 and gave the company an “outperform” rating in a report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating and ten have issued a Buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of C$36.33.

Maple Leaf Foods Company Profile

Maple Leaf Foods Inc is a consumer-packaged meats company. It produces prepared meats and meals, fresh pork, and poultry and turkey products. The company also has agribusiness operations. These operations supply livestock to the meat products business operations. Its main markets are Canada, the United States, Japan, and China. The key brands are Maple Leaf and Schneiders, Maple Leaf Prime Naturally, Shopsy, Mitchell’s Gourmet Food, Larse, Parm, and Hygrade.