Key Points
- Insider selling: Maple Leaf Foods insider Randall Huffman sold 4,500 shares on May 22 at C$29.35 each, and then sold another 5,075 shares on May 25 at C$29.45. After the transactions, his direct holdings fell to 89,044 shares.
- Earnings and dividend: The company recently reported quarterly EPS of C$0.34 on revenue of C$962.85 million, and it increased its quarterly dividend to C$0.21 per share from C$0.19. That implies a C$0.84 annualized dividend yield of about 2.9%.
- Analyst sentiment remains positive: Several firms raised price targets, and the stock now carries a consensus Buy rating with a target price of C$36.09. Scotiabank also upgraded the shares to strong-buy.
Maple Leaf Foods Inc. (TSE:MFI - Get Free Report) insider Randall Huffman sold 4,500 shares of the business's stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of C$29.35, for a total value of C$132,075.00. Following the transaction, the insider directly owned 89,044 shares of the company's stock, valued at approximately C$2,613,441.40. This represents a 4.81% decrease in their ownership of the stock.
Randall Huffman also recently made the following trade(s):
- On Monday, May 25th, Randall Huffman sold 5,075 shares of Maple Leaf Foods stock. The stock was sold at an average price of C$29.45, for a total value of C$149,458.75.
Maple Leaf Foods Stock Performance
Shares of Maple Leaf Foods stock opened at C$29.14 on Wednesday. Maple Leaf Foods Inc. has a one year low of C$23.35 and a one year high of C$36.35. The company has a market cap of C$3.63 billion, a PE ratio of 6.92, a P/E/G 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. The business has a 50-day simple moving average of C$29.43 and a 200-day simple moving average of C$27.15.
Maple Leaf Foods (TSE:MFI - Get Free Report) last announced its quarterly earnings data on Thursday, May 7th. The company reported C$0.34 EPS for the quarter. Maple Leaf Foods had a return on equity of 36.56% and a net margin of 12.44%.The business had revenue of C$962.85 million during the quarter. On average, equities research analysts forecast that Maple Leaf Foods Inc. will post 1.4334187 EPS for the current fiscal year.
Maple Leaf Foods Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 31st were paid a dividend of $0.21 per share. The ex-dividend date 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 2.9%. Maple Leaf Foods's dividend payout ratio (DPR) is presently 20.90%.
Analysts Set New Price Targets
Several equities research analysts recently weighed in on the company. Scotiabank upgraded Maple Leaf Foods from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 11th. Royal Bank Of Canada boosted their target price on Maple Leaf Foods from C$33.00 to C$34.00 and gave the stock an "outperform" rating in a research note on Friday, May 8th. Scotia boosted their target price on Maple Leaf Foods from C$32.00 to C$36.00 and gave the stock a "sector outperform" rating in a research note on Friday, May 8th. Canaccord Genuity Group boosted their target price on Maple Leaf Foods from C$37.00 to C$38.00 and gave the stock a "buy" rating in a research note on Friday, May 8th. Finally, Ventum Capital boosted their target price on Maple Leaf Foods from C$37.00 to C$39.00 and gave the stock a "buy" rating in a research note on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the company's stock. According to MarketBeat, Maple Leaf Foods currently has a consensus rating of "Buy" and a consensus target price of C$36.09.
View Our Latest Stock Report on Maple Leaf Foods
Maple Leaf Foods Company Profile
(
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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