Linda Mantia Purchases 4,498 Shares of Maple Leaf Foods Inc. (TSE:MFI) Stock

Maple Leaf Foods Inc. (TSE:MFI) Director Linda Mantia purchased 4,498 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The stock was bought at an average price of C$22.23 per share, with a total value of C$99,990.54.

Maple Leaf Foods Stock Down 0.8 %

TSE MFI traded down C$0.18 on Friday, hitting C$22.23. 36,711 shares of the company were exchanged, compared to its average volume of 169,002. Maple Leaf Foods Inc. has a 12 month low of C$21.05 and a 12 month high of C$27.55. The company has a current ratio of 1.32, a quick ratio of 0.54 and a debt-to-equity ratio of 132.03. The company has a market cap of C$2.74 billion, a PE ratio of 249.00, a PEG ratio of 18.07 and a beta of 0.47. The stock has a fifty day moving average of C$22.03 and a 200-day moving average of C$23.02.

Maple Leaf Foods Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 27th were paid a $0.22 dividend. The ex-dividend date of this dividend was Friday, September 6th. This represents a $0.88 annualized dividend and a dividend yield of 3.96%. Maple Leaf Foods’s dividend payout ratio is presently 977.78%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on MFI shares. National Bankshares cut their target price on Maple Leaf Foods from C$28.00 to C$26.00 in a research report on Thursday. CIBC cut their price objective on shares of Maple Leaf Foods from C$31.00 to C$30.00 in a research report on Friday, August 9th. Finally, TD Securities decreased their target price on shares of Maple Leaf Foods from C$35.00 to C$34.00 and set a “buy” rating on the stock in a report on Thursday. Six research analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of “Buy” and an average target price of C$29.93.

About Maple Leaf Foods

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.