Maple Leaf Foods Inc. (TSE:MFI) Senior Officer Sells C$55,198.00 in Stock

Maple Leaf Foods Inc. (TSE:MFI) Senior Officer Jonathan David Sawatzky sold 2,600 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of C$21.23, for a total value of C$55,198.00.

Maple Leaf Foods Stock Performance

The business has a fifty day simple moving average of C$23.56 and a 200 day simple moving average of C$23.34. The stock has a market capitalization of C$2.70 billion, a P/E ratio of 243.78, a price-to-earnings-growth ratio of 18.07 and a beta of 0.47. Maple Leaf Foods Inc. has a fifty-two week low of C$21.15 and a fifty-two week high of C$28.33. The company has a debt-to-equity ratio of 132.03, a quick ratio of 0.54 and a current ratio of 1.32.

Maple Leaf Foods (TSE:MFI) last released its quarterly earnings data on Thursday, August 8th. The company reported C$0.18 EPS for the quarter, topping the consensus estimate of C$0.17 by C$0.01. The company had revenue of C$1.26 billion for the quarter, compared to the consensus estimate of C$1.27 billion. Maple Leaf Foods had a return on equity of 0.75% and a net margin of 0.24%. Sell-side analysts predict that Maple Leaf Foods Inc. will post 1.4796531 earnings per share for the current year.

Maple Leaf Foods Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 27th will be issued a dividend of $0.22 per share. The ex-dividend date is Friday, September 6th. This represents a $0.88 annualized dividend and a yield of ∞. Maple Leaf Foods’s payout ratio is currently 977.78%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on MFI. TD Securities cut their target price on Maple Leaf Foods from C$36.00 to C$35.00 in a research note on Friday, August 9th. National Bankshares reduced their price target on Maple Leaf Foods from C$29.00 to C$28.00 in a report on Friday, August 9th. Finally, CIBC reduced their price target on Maple Leaf Foods from C$31.00 to C$30.00 in a report on Friday, August 9th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Maple Leaf Foods presently has a consensus rating of “Buy” and a consensus target price of C$30.36.

Maple Leaf Foods Company Profile

Maple Leaf Foods Inc produces food products in the United States, Canada, Japan, China, and internationally. The company operates through Meat Protein Group and Plant Protein Group segments. It produces various food products, including prepared meats, ready-to-cook and ready-to-serve meals, fresh pork and poultry, and plant protein products; bacon, hams, wieners, and meat snacks; a variety of delicatessen products; and processed chicken products, such as fully cooked chicken breasts and wings, processed turkey products, specialty sausages, cooked meats, sliced meats, cooked sausage products, lunch kits, and canned meats.