Key Points
- Insider trading activity: Andreas Liris sold 4,870 shares of Maple Leaf Foods at C$28.70 each, then bought back 2,500 shares the next day at C$28.36. After the sale, his ownership fell by 27.25% before the later purchase.
- Company performance and payout: Maple Leaf Foods recently reported quarterly EPS of C$0.34 on revenue of C$962.85 million. The company also raised its quarterly dividend to C$0.21, or C$0.84 annualized, for a 3.0% yield.
- Wall Street sentiment: Analysts remain broadly positive on MFI, with an average rating of Buy and a consensus price target of C$36.09. Several firms recently lifted targets to the C$36-C$37 range.
Maple Leaf Foods Inc. (TSE:MFI - Get Free Report) insider Andreas Liris purchased 2,500 shares of the stock in a transaction that occurred on Wednesday, May 13th. The shares were purchased at an average cost of C$28.36 per share, for a total transaction of C$70,900.00. Following the completion of the acquisition, the insider directly owned 15,500 shares of the company's stock, valued at C$439,580. This represents a 19.23% increase in their position.
Andreas Liris also recently made the following trade(s):
- On Tuesday, May 12th, Andreas Liris sold 4,870 shares of Maple Leaf Foods stock. The stock was sold at an average price of C$28.70, for a total transaction of C$139,769.00.
Maple Leaf Foods Stock Performance
Shares of TSE MFI opened at C$28.00 on Friday. The company's fifty day moving average price is C$29.36 and its 200 day moving average price is C$27.05. Maple Leaf Foods Inc. has a 1 year low of C$23.35 and a 1 year high of C$36.35. The company has a market capitalization of C$3.48 billion, a PE ratio of 6.65, a price-to-earnings-growth ratio of 18.07 and a beta of 0.54. The company has a debt-to-equity ratio of 91.78, a quick ratio of 0.54 and a current ratio of 1.34.
Maple Leaf Foods (TSE:MFI - Get Free Report) last posted its quarterly earnings data on Thursday, May 7th. The company reported C$0.34 earnings per share (EPS) for the quarter. The business had revenue of C$962.85 million for the quarter. Maple Leaf Foods had a net margin of 12.44% and a return on equity of 36.56%. On average, research analysts predict that Maple Leaf Foods Inc. will post 1.4334187 earnings per share for the current year.
Maple Leaf Foods Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 31st were issued a dividend of $0.21 per share. The ex-dividend date of this dividend was Monday, March 9th. This is a positive change from Maple Leaf Foods's previous quarterly dividend of $0.19. This represents a $0.84 annualized dividend and a yield of 3.0%. Maple Leaf Foods's payout ratio is 20.90%.
Analyst Ratings Changes
Several equities analysts have issued reports on MFI shares. Scotia increased their price objective on shares of Maple Leaf Foods from C$32.00 to C$36.00 and gave the company a "sector outperform" rating in a report on Friday, May 8th. National Bank Financial increased their price objective on shares of Maple Leaf Foods from C$35.00 to C$37.00 and gave the company an "outperform" rating in a report on Friday, May 8th. Scotiabank raised shares of Maple Leaf Foods from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 11th. Stifel Nicolaus increased their price objective on shares of Maple Leaf Foods from C$35.00 to C$36.00 and gave the company a "buy" rating in a report on Friday, May 8th. Finally, Ventum Financial set a C$37.00 price objective on shares of Maple Leaf Foods and gave the company a "buy" rating in a report on Wednesday, April 22nd. One analyst has rated the stock with a Strong Buy rating and nine have issued a Buy rating to the stock. According to data from MarketBeat, Maple Leaf Foods currently has an average rating of "Buy" and a consensus price target of C$36.09.
View Our Latest Stock Analysis on MFI
About Maple Leaf Foods
(
Get Free Report)
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.
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