Key Points
- Insider sale: Saputo insider Leanne Cutts sold 10,000 shares on June 15 at an average price of C$41.73, totaling C$417,300. Her direct holdings fell 29.59% to 23,790 shares.
- Stock and financial snapshot: Saputo shares were down 1.1% and last traded at C$41.40, near both the 50-day and 200-day moving averages. The company has a market cap of C$16.58 billion and recently reported quarterly EPS of C$0.41 on revenue of C$3.31 billion.
- Dividend and analyst outlook: Saputo declared a quarterly dividend of C$0.20 per share, or C$0.80 annualized, for a 1.9% yield. Analysts currently rate the stock a Moderate Buy with an average target price of C$46.73.
Saputo Inc. (TSE:SAP - Get Free Report) insider Leanne Cutts sold 10,000 shares of the firm's stock in a transaction on Monday, June 15th. The shares were sold at an average price of C$41.73, for a total transaction of C$417,300.00. Following the completion of the transaction, the insider directly owned 23,790 shares of the company's stock, valued at C$992,756.70. This represents a 29.59% decrease in their ownership of the stock.
Saputo Trading Down 1.1%
Shares of Saputo stock opened at C$41.40 on Wednesday. The business has a fifty day simple moving average of C$41.19 and a two-hundred day simple moving average of C$41.51. Saputo Inc. has a 1 year low of C$26.35 and a 1 year high of C$45.09. The company has a market capitalization of C$16.58 billion, a price-to-earnings ratio of 25.40, a P/E/G ratio of 0.56 and a beta of 0.06. The company has a debt-to-equity ratio of 48.08, a current ratio of 1.71 and a quick ratio of 0.67.
Saputo (TSE:SAP - Get Free Report) last announced its quarterly earnings results on Thursday, June 4th. The company reported C$0.41 earnings per share (EPS) for the quarter. Saputo had a return on equity of 9.98% and a net margin of 3.65%.The business had revenue of C$3.31 billion during the quarter. Research analysts forecast that Saputo Inc. will post 1.7735369 EPS for the current year.
Saputo Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Thursday, June 25th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $0.80 annualized dividend and a yield of 1.9%. Saputo's dividend payout ratio (DPR) is currently 48.47%.
Wall Street Analyst Weigh In
Several equities research analysts have issued reports on the company. Ventum Capital raised their price target on Saputo from C$47.00 to C$48.00 and gave the company a "buy" rating in a report on Monday, June 8th. Ventum Financial set a C$47.00 price target on Saputo and gave the company a "buy" rating in a report on Wednesday, April 22nd. National Bank Financial cut their price target on Saputo from C$46.00 to C$44.00 and set a "sector perform" rating for the company in a report on Wednesday, May 6th. Finally, TD cut their price target on Saputo from C$52.00 to C$51.00 and set a "buy" rating for the company in a report on Monday, June 8th. Eight research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of C$46.73.
View Our Latest Research Report on SAP
Saputo Company Profile
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Saputo, one of the top ten dairy processors in the world, produces, markets, and distributes a wide array of dairy products of the utmost quality, including cheese, fluid milk, extended shelf-life milk and cream products, cultured products, and dairy ingredients. Saputo is a leading cheese manufacturer and fluid milk and cream processor in Canada and a leading dairy processor in Australia. In the USA, Saputo ranks among the top three cheese producers and is one of the top producers of extended shelf-life and cultured dairy products.
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