Maple Leaf Foods (TSE:MFI) Insider Sells C$139,769.00 in Stock

Maple Leaf Foods Inc. (TSE:MFI) insider Andreas Liris sold 4,870 shares of the business’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of C$28.70, for a total transaction of C$139,769.00. Following the sale, the insider directly owned 13,000 shares in the company, valued at C$373,100. The trade was a 27.25% decrease in their ownership of the stock.

Andreas Liris also recently made the following trade(s):

• On Wednesday, May 13th, Andreas Liris bought 2,500 shares of Maple Leaf Foods stock. The shares were acquired at an average cost of C$28.36 per share, for a total transaction of C$70,900.00.

Maple Leaf Foods Stock Performance

MFI opened at C$28.00 on Monday. Maple Leaf Foods Inc. has a fifty-two week low of C$23.35 and a fifty-two week high of C$36.35. The company has a debt-to-equity ratio of 91.78, a current ratio of 1.34 and a quick ratio of 0.54. The firm has a market capitalization of C$3.48 billion, a price-to-earnings ratio of 6.65, a PEG ratio of 18.07 and a beta of 0.54. The company’s 50 day moving average price is C$29.36 and its two-hundred day moving average price is C$27.04.

Maple Leaf Foods (TSE:MFI) last posted its earnings results on Thursday, May 7th. The company reported C$0.34 earnings per share for the quarter. Maple Leaf Foods had a net margin of 12.44% and a return on equity of 36.56%. The firm had revenue of C$962.85 million for the quarter. As a group, research analysts predict that Maple Leaf Foods Inc. will post 1.4334187 earnings per share for the current year.

Maple Leaf Foods Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 31st were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend was Monday, March 9th. This is a positive change from Maple Leaf Foods’s previous quarterly dividend of $0.19. Maple Leaf Foods’s payout ratio is presently 20.90%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on MFI shares. Canaccord Genuity Group boosted their target price on shares of Maple Leaf Foods from C$37.00 to C$38.00 and gave the stock a “buy” rating in a report on Friday, May 8th. Scotiabank raised shares of Maple Leaf Foods from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 11th. Ventum Capital boosted their price target on shares of Maple Leaf Foods from C$37.00 to C$39.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. Scotia boosted their price target on shares of Maple Leaf Foods from C$32.00 to C$36.00 and gave the stock a “sector outperform” rating in a research report on Friday, May 8th. Finally, Royal Bank Of Canada boosted their price target on shares of Maple Leaf Foods from C$33.00 to C$34.00 and gave the stock an “outperform” rating in a research report on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of C$36.09.

Maple Leaf Foods Company Profile

Maple Leaf Foods Inc is a consumer-packaged meats company. It produces prepared meats and meals, fresh pork, and poultry and turkey products. The company also has agribusiness operations. These operations supply livestock to the meat products business operations. Its main markets are Canada, the United States, Japan, and China. The key brands are Maple Leaf and Schneiders, Maple Leaf Prime Naturally, Shopsy, Mitchell’s Gourmet Food, Larse, Parm, and Hygrade.