Maple Leaf Foods (TSE:MFI) Sets New 1-Year Low – Should You Sell?

Shares of Maple Leaf Foods Inc. (TSE:MFI) reached a new 52-week low during trading on Tuesday . The stock traded as low as C$21.15 and last traded at C$21.18, with a volume of 108797 shares. The stock had previously closed at C$21.46.

Analyst Upgrades and Downgrades

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

Maple Leaf Foods Price Performance

The stock has a market cap of C$2.59 billion, a price-to-earnings ratio of 237.22, a P/E/G ratio of 18.07 and a beta of 0.47. The company has a debt-to-equity ratio of 132.03, a current ratio of 1.32 and a quick ratio of 0.54. The stock’s 50 day simple moving average is C$22.18 and its two-hundred day simple moving average is C$23.12.

Maple Leaf Foods (TSE:MFI) last issued its earnings results on Thursday, August 8th. The company reported C$0.18 EPS for the quarter, beating 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 net margin of 0.24% and a return on equity of 0.75%. On average, analysts forecast that Maple Leaf Foods Inc. will post 1.4334187 earnings per share for the current fiscal year.

Maple Leaf Foods Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 27th were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Friday, September 6th. This represents a $0.88 dividend on an annualized basis and a yield of 4.18%. Maple Leaf Foods’s dividend payout ratio (DPR) is presently 977.78%.

Insider Activity at Maple Leaf Foods

In other Maple Leaf Foods news, Senior Officer Jonathan David Sawatzky sold 2,600 shares of the business’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of C$21.23, for a total value of C$55,198.00. In other news, Senior Officer Jonathan David Sawatzky sold 2,600 shares of the 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 transaction of C$55,198.00. Also, Senior Officer Iain William Stewart sold 5,000 shares of the company’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of C$22.90, for a total value of C$114,500.00. Insiders own 39.87% of the company’s stock.

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.