Maple Leaf Foods Inc. (MFI) To Go Ex-Dividend on September 8th

Maple Leaf Foods Inc. (TSE:MFI) announced a quarterly dividend on Tuesday, September 8th. Shareholders of record on Tuesday, September 29th will be given a dividend of 0.21 per share on Tuesday, September 29th. This represents a c) annualized dividend and a yield of 3.2%. The ex-dividend date is Tuesday, September 8th.

Maple Leaf Foods Stock Performance

Shares of Maple Leaf Foods stock opened at C$26.55 on Friday. The firm has a market cap of C$3.31 billion, a PE ratio of 6.52, a price-to-earnings-growth ratio of 18.07 and a beta of 0.34. The company has a quick ratio of 0.54, a current ratio of 1.56 and a debt-to-equity ratio of 97.47. Maple Leaf Foods has a 52 week low of C$23.35 and a 52 week high of C$36.31. The business’s fifty day simple moving average is C$28.37 and its 200-day simple moving average is C$29.03.

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

Analysts Set New Price Targets

Several brokerages have weighed in on MFI. Stifel Nicolaus set a C$36.00 target price on shares of Maple Leaf Foods and gave the stock a “buy” rating in a research note on Thursday, July 9th. National Bank Financial reduced their price target on shares of 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. Scotiabank decreased their price objective on shares of Maple Leaf Foods from C$36.00 to C$33.00 and set a “sector outperform” rating on the stock in a report on Thursday, August 13th. TD Securities raised shares of Maple Leaf Foods to a “strong-buy” rating in a research report on Monday, June 22nd. Finally, 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. One equities research analyst has rated the stock with a Strong Buy rating and eleven have assigned a Buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target 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.