Key Points
- Director Andrew Gordon Macdonald bought 10,000 Maple Leaf Foods shares at C$26.78 each, investing C$267,800 and increasing his direct ownership by 16.08% to 72,200 shares.
- Maple Leaf Foods reported quarterly EPS of C$0.44 on C$1.02 billion in revenue and declared a C$0.21 quarterly dividend, equivalent to a 3.2% yield.
- Analysts maintain a broadly positive outlook, with a consensus “Buy” rating and an average price target of C$36.33, despite the stock trading down 0.4% at C$26.55.
Maple Leaf Foods Inc. (TSE:MFI - Get Free Report) Director Andrew Gordon Macdonald bought 10,000 shares of the stock in a transaction on Friday, September 4th. The stock was purchased at an average cost of C$26.78 per share, with a total value of C$267,800.00. Following the completion of the purchase, the director directly owned 72,200 shares in the company, valued at C$1,933,516. This trade represents a 16.08% increase in their position.
Maple Leaf Foods Trading Down 0.4%
Shares of MFI opened at C$26.55 on Friday. Maple Leaf Foods Inc. has a fifty-two week low of C$23.35 and a fifty-two week high of C$36.31. The company has a market capitalization 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 stock has a fifty day moving average of C$28.37 and a two-hundred day moving average of C$29.03. The company has a debt-to-equity ratio of 97.47, a quick ratio of 0.54 and a current ratio of 1.56.
Maple Leaf Foods (TSE:MFI - Get Free Report) last posted its quarterly earnings data on Wednesday, August 12th. The company reported C$0.44 earnings per share (EPS) for the quarter. The business had revenue of C$1.02 billion for the quarter. Maple Leaf Foods had a return on equity of 36.83% and a net margin of 13.08%. As a group, analysts forecast that Maple Leaf Foods Inc. will post 1.4334187 EPS for the current year.
Maple Leaf Foods Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 29th will be issued a $0.21 dividend. The ex-dividend date is Tuesday, September 8th. This represents a $0.84 annualized dividend and a yield of 3.2%. Maple Leaf Foods's payout ratio is 20.88%.
Analysts Set New Price Targets
Several equities research analysts recently issued reports on MFI shares. 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 report on Thursday, July 9th. Ventum Financial cut their price target 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 note on Thursday, August 13th. Desjardins set a C$39.00 price target on shares of Maple Leaf Foods and gave the company a "buy" rating in a report on Thursday, June 4th. TD Securities upgraded shares of Maple Leaf Foods to a "strong-buy" rating in a report on Monday, June 22nd. Finally, Canadian Imperial Bank of Commerce set a C$36.00 price objective on shares of Maple Leaf Foods and gave the company an "outperformer" rating in a research note on Monday, July 27th. One equities research analyst has rated the stock with a Strong Buy rating and eleven have assigned a Buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of C$36.33.
Read Our Latest Analysis on Maple Leaf Foods
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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