Maple Leaf Foods (TSE:MFI) Director Andrew Gordon Macdonald Acquires 10,000 Shares of Stock

Maple Leaf Foods Inc. (TSE:MFI) Director Andrew Gordon Macdonald purchased 10,000 shares of the firm’s stock in a transaction that occurred on Friday, September 4th. The shares were acquired at an average price of C$26.78 per share, with a total value of C$267,800.00. Following the purchase, the director owned 72,200 shares in the company, valued at C$1,933,516. This trade represents a 16.08% increase in their ownership of the stock.

Maple Leaf Foods Trading Down 0.4%

Shares of MFI stock opened at C$26.55 on Friday. The business’s 50 day moving average is C$28.37 and its two-hundred day moving average is C$29.03. Maple Leaf Foods Inc. has a twelve month low of C$23.35 and a twelve month high of C$36.31. The company has a market capitalization of C$3.31 billion, a P/E ratio of 6.52, a price-to-earnings-growth ratio of 18.07 and a beta of 0.34. The company has a current ratio of 1.56, a quick ratio of 0.54 and a debt-to-equity ratio of 97.47.

Maple Leaf Foods (TSE:MFI) last issued its earnings results on Wednesday, August 12th. The company reported C$0.44 earnings per share for the quarter. Maple Leaf Foods had a net margin of 13.08% and a return on equity of 36.83%. The business had revenue of C$1.02 billion for the quarter. Equities analysts forecast that Maple Leaf Foods Inc. will post 1.4334187 EPS for the current year.

Maple Leaf Foods Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 29th will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Tuesday, September 8th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.2%. Maple Leaf Foods’s dividend payout ratio is 20.88%.

Wall Street Analysts Forecast Growth

MFI has been the subject of several recent analyst reports. Scotiabank reduced their price objective on shares of Maple Leaf Foods from C$36.00 to C$33.00 and set a “sector outperform” rating for the company in a research note on Thursday, August 13th. Canaccord Genuity Group lowered their target price on shares of Maple Leaf Foods from C$39.00 to C$37.00 and set a “buy” rating on the stock in a research report on Thursday, August 13th. Desjardins set a C$39.00 target price on shares of Maple Leaf Foods and gave the company a “buy” rating in a report on Thursday, June 4th. Ventum Financial reduced their price target on shares of Maple Leaf Foods from C$39.00 to C$37.00 and set a “buy” rating for the company in a research report on Thursday, August 13th. Finally, National Bank Financial decreased their price target on Maple Leaf Foods from C$36.00 to C$34.00 and set an “outperform” rating on the stock in a research note on Thursday, August 13th. One analyst has rated the stock with a Strong Buy rating and eleven have issued a Buy rating to the company’s stock. According to data from MarketBeat, Maple Leaf Foods currently has a consensus rating of “Buy” and a consensus target price of C$36.33.

About Maple Leaf Foods

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.