Maple Leaf Foods (TSE:MFI) Price Target Lowered to C$34.00 at TD Securities

Maple Leaf Foods (TSE:MFI) had its target price trimmed by TD Securities from C$35.00 to C$34.00 in a report issued on Thursday morning,BayStreet.CA reports. The firm currently has a buy rating on the stock.

Several other research analysts have also issued reports on the stock. National Bankshares cut their target price on shares of Maple Leaf Foods from C$29.00 to C$28.00 in a research note on Friday, August 9th. CIBC cut their target price on shares of Maple Leaf Foods from C$31.00 to C$30.00 in a research note on Friday, August 9th. Six research analysts have rated the stock with a buy rating, According to MarketBeat.com, Maple Leaf Foods presently has an average rating of “Buy” and a consensus price target of C$29.93.

Maple Leaf Foods Trading Down 0.4 %

Shares of MFI traded down C$0.08 during trading hours on Thursday, hitting C$22.33. 41,341 shares of the stock were exchanged, compared to its average volume of 169,023. Maple Leaf Foods has a fifty-two week low of C$21.05 and a fifty-two week high of C$27.55. 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 business has a 50-day moving average of C$22.03 and a 200-day moving average of C$23.02. The firm has a market capitalization of C$2.75 billion, a P/E ratio of 249.00, a price-to-earnings-growth ratio of 18.07 and a beta of 0.47.

Maple Leaf Foods Announces Dividend

The firm 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 3.94%. Maple Leaf Foods’s payout ratio is 977.78%.

Insider Transactions at Maple Leaf Foods

In related news, Director Linda Mantia bought 4,498 shares of the company’s stock in a transaction on Friday, November 15th. The stock was acquired at an average cost of C$22.23 per share, for a total transaction of C$99,990.54. Also, Senior Officer Jonathan David Sawatzky sold 2,600 shares of Maple Leaf Foods 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. Corporate insiders own 39.87% of the company’s stock.

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.