Maple Leaf Foods (TSE:MFI) Share Price Crosses Below Two Hundred Day Moving Average – Here’s What Happened

Maple Leaf Foods Inc. (TSE:MFI) shares passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$28.98 and traded as low as C$26.47. Maple Leaf Foods shares last traded at C$26.62, with a volume of 283,008 shares trading hands.

Analyst Ratings Changes

Several research analysts have recently weighed in on MFI shares. Stifel Nicolaus set a C$36.00 price target on Maple Leaf Foods and gave the stock a “buy” rating in a research note on Thursday, July 9th. Desjardins set a C$39.00 price objective on Maple Leaf Foods and gave the company a “buy” rating in a research report on Thursday, June 4th. Scotiabank reduced their price objective on Maple Leaf Foods from C$36.00 to C$33.00 and set a “sector outperform” rating for the company in a report on Thursday, August 13th. Canaccord Genuity Group decreased their target price on 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, Ventum Financial decreased their target price on 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. One investment analyst has rated the stock with a Strong Buy rating and eleven have given a Buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of C$36.33.

Maple Leaf Foods Stock Down 0.1%

The company has a quick ratio of 0.54, a current ratio of 1.56 and a debt-to-equity ratio of 97.47. The company has a market cap of C$3.30 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 fifty day moving average of C$27.77 and a 200 day moving average of C$28.98.

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

Maple Leaf Foods Announces Dividend

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

Insider Transactions at Maple Leaf Foods

In other Maple Leaf Foods news, Director Andrew Gordon Macdonald bought 10,000 shares of Maple Leaf Foods stock in a transaction on Friday, September 4th. The stock was acquired at an average cost of C$26.78 per share, with a total value of C$267,800.00. Following the completion of the acquisition, the director owned 72,200 shares in the company, valued at approximately C$1,933,516. This represents a 16.08% increase in their ownership of the stock. Company insiders own 39.87% of the company’s stock.

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.