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 research report sent to investors on Thursday morning,BayStreet.CA reports. The firm currently has a buy rating on the stock.

Other research analysts have also recently issued reports about the stock. National Bankshares lowered their price target on shares of Maple Leaf Foods from C$29.00 to C$28.00 in a research report on Friday, August 9th. CIBC cut their price target on Maple Leaf Foods from C$31.00 to C$30.00 in a research note on Friday, August 9th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of C$29.93.

Maple Leaf Foods Trading Up 0.7 %

MFI opened at C$22.56 on Thursday. The stock has a market cap of C$2.78 billion, a PE ratio of 250.67, a PEG ratio of 18.07 and a beta of 0.47. The business has a 50 day moving average of C$22.04 and a 200-day moving average of C$22.99. Maple Leaf Foods has a 52 week low of C$21.05 and a 52 week high of C$27.55. The company has a quick ratio of 0.54, a current ratio of 1.32 and a debt-to-equity ratio of 132.03.

Maple Leaf Foods Announces Dividend

The company 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. This represents a $0.88 annualized dividend and a dividend yield of 3.90%. The ex-dividend date of this dividend was Friday, September 6th. Maple Leaf Foods’s dividend payout ratio (DPR) is currently 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 company’s stock in a transaction dated 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, Director Linda Mantia purchased 4,498 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were bought at an average cost of C$22.23 per share, for a total transaction of C$99,990.54. 39.87% of the stock is currently owned by insiders.

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.