Maple Leaf Foods Inc. (MFI) to Issue Quarterly Dividend of $0.22 on September 27th

Maple Leaf Foods Inc. (TSE:MFI) declared a quarterly dividend on Friday, September 6th, Zacks reports. Investors of record on Friday, September 27th will be paid a dividend of 0.22 per share on Friday, September 27th. This represents a $0.88 annualized dividend and a yield of 3.98%. The ex-dividend date is Friday, September 6th.

Maple Leaf Foods Price Performance

TSE MFI opened at C$22.12 on Wednesday. Maple Leaf Foods has a fifty-two week low of C$21.52 and a fifty-two week high of C$29.53. The stock’s 50-day moving average is C$23.68 and its two-hundred day moving average is C$23.45. The firm has a market cap of C$2.72 billion, a P/E ratio of 245.78, a price-to-earnings-growth 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.

Maple Leaf Foods (TSE:MFI) last posted its quarterly earnings data on Thursday, August 8th. The company reported C$0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.17 by C$0.01. The business had revenue of C$1.26 billion during 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 anticipate that Maple Leaf Foods will post 0.6993939 earnings per share for the current fiscal year.

Insider Activity

In other Maple Leaf Foods news, Senior Officer Iain William Stewart sold 5,000 shares of Maple Leaf Foods stock in a transaction on Monday, August 12th. The stock was sold at an average price of C$22.90, for a total transaction of C$114,500.00. Corporate insiders own 39.98% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on MFI shares. CIBC decreased their price target on shares of Maple Leaf Foods from C$31.00 to C$30.00 in a research report on Friday, August 9th. TD Securities reduced their target price on shares of Maple Leaf Foods from C$36.00 to C$35.00 in a research note on Friday, August 9th. Finally, National Bankshares cut their price target on Maple Leaf Foods from C$29.00 to C$28.00 in a report on Friday, August 9th. Seven research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Maple Leaf Foods has an average rating of “Buy” and an average price target 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.