Insider Selling: Saputo (TSE:SAP) Director Sells C$828,656.30 in Stock

Saputo Inc. (TSE:SAP) Director Steven Michael Douglas sold 19,777 shares of Saputo stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of C$41.90, for a total transaction of C$828,656.30. Following the completion of the transaction, the director directly owned 12,917 shares in the company, valued at approximately C$541,222.30. The trade was a 60.49% decrease in their position.

Steven Michael Douglas also recently made the following trade(s):

• On Tuesday, June 16th, Steven Michael Douglas purchased 3,875 shares of Saputo stock. The stock was bought at an average price of C$41.01 per share, with a total value of C$158,913.75.
• On Tuesday, June 16th, Steven Michael Douglas acquired 2,000 shares of Saputo stock. The shares were bought at an average cost of C$40.95 per share, with a total value of C$81,900.00.
• On Monday, June 15th, Steven Michael Douglas sold 11,991 shares of Saputo stock. The stock was sold at an average price of C$41.83, for a total transaction of C$501,583.53.
• On Monday, June 15th, Steven Michael Douglas sold 5,803 shares of Saputo stock. The shares were sold at an average price of C$41.93, for a total transaction of C$243,319.79.

Saputo Trading Up 1.8%

SAP opened at C$41.31 on Friday. The stock has a market capitalization of C$16.54 billion, a P/E ratio of 25.34, a P/E/G ratio of 0.56 and a beta of 0.06. The company has a current ratio of 1.71, a quick ratio of 0.67 and a debt-to-equity ratio of 48.08. Saputo Inc. has a 12 month low of C$26.50 and a 12 month high of C$45.09. The firm’s fifty day simple moving average is C$41.07 and its 200 day simple moving average is C$41.53.

Saputo (TSE:SAP) last released its earnings results on Thursday, June 4th. The company reported C$0.41 earnings per share (EPS) for the quarter. Saputo had a return on equity of 9.98% and a net margin of 3.65%.The firm had revenue of C$3.31 billion during the quarter. As a group, research analysts anticipate that Saputo Inc. will post 1.7735369 EPS for the current fiscal year.

Saputo Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Thursday, June 25th will be issued a dividend of $0.20 per share. The ex-dividend date is Tuesday, June 16th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.9%. Saputo’s dividend payout ratio (DPR) is presently 48.47%.

Analyst Ratings Changes

SAP has been the topic of a number of recent research reports. Ventum Capital lifted their target price on Saputo from C$47.00 to C$48.00 and gave the company a “buy” rating in a research report on Monday, June 8th. National Bank Financial decreased their price target on shares of Saputo from C$46.00 to C$44.00 and set a “sector perform” rating for the company in a research note on Wednesday, May 6th. Ventum Financial set a C$47.00 price objective on shares of Saputo and gave the company a “buy” rating in a report on Wednesday, April 22nd. Finally, TD cut their price objective on shares of Saputo from C$52.00 to C$51.00 and set a “buy” rating on the stock in a research report on Monday, June 8th. Eight research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Saputo presently has a consensus rating of “Moderate Buy” and a consensus price target of C$46.73.

About Saputo

Saputo, one of the top ten dairy processors in the world, produces, markets, and distributes a wide array of dairy products of the utmost quality, including cheese, fluid milk, extended shelf-life milk and cream products, cultured products, and dairy ingredients. Saputo is a leading cheese manufacturer and fluid milk and cream processor in Canada and a leading dairy processor in Australia. In the USA, Saputo ranks among the top three cheese producers and is one of the top producers of extended shelf-life and cultured dairy products.