Adam John Grogan Sells 32,063 Shares of Maple Leaf Foods (TSE:MFI) Stock

Maple Leaf Foods Inc. (TSE:MFI) insider Adam John Grogan sold 32,063 shares of the business’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of C$29.37, for a total transaction of C$941,690.31. Following the transaction, the insider owned 41,277 shares in the company, valued at C$1,212,305.49. The trade was a 43.72% decrease in their position.

Maple Leaf Foods Stock Down 1.0%

Shares of Maple Leaf Foods stock traded down C$0.30 during trading on Tuesday, reaching C$29.14. 178,860 shares of the company traded hands, compared to its average volume of 304,238. The company has a debt-to-equity ratio of 91.78, a current ratio of 1.34 and a quick ratio of 0.54. Maple Leaf Foods Inc. has a 1-year low of C$23.35 and a 1-year high of C$36.35. The company has a 50 day moving average price of C$29.43 and a 200-day moving average price of C$27.15. The firm has a market capitalization of C$3.63 billion, a PE ratio of 6.92, a P/E/G ratio of 18.07 and a beta of 0.54.

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

Maple Leaf Foods Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 31st were paid a dividend of $0.21 per share. This is a boost from Maple Leaf Foods’s previous quarterly dividend of $0.19. The ex-dividend date was Monday, March 9th. This represents a $0.84 dividend on an annualized basis and a yield of 2.9%. Maple Leaf Foods’s dividend payout ratio (DPR) is presently 20.90%.

Analysts Set New Price Targets

A number of brokerages have commented on MFI. Canaccord Genuity Group boosted their price target on shares of Maple Leaf Foods from C$37.00 to C$38.00 and gave the company a “buy” rating in a research note on Friday, May 8th. National Bank Financial boosted their price target on shares of Maple Leaf Foods from C$35.00 to C$37.00 and gave the company an “outperform” rating in a research note on Friday, May 8th. 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 company an “outperform” rating in a research note on Friday, May 8th. Stifel Nicolaus boosted their price target on shares of Maple Leaf Foods from C$35.00 to C$36.00 and gave the company a “buy” rating in a research note on Friday, May 8th. Finally, Scotia boosted their price target on shares of Maple Leaf Foods from C$32.00 to C$36.00 and gave the company a “sector outperform” rating in a research note on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating and nine have issued a Buy rating to the company’s stock. According to MarketBeat.com, Maple Leaf Foods has a consensus rating of “Buy” and a consensus price target of C$36.09.

About Maple Leaf Foods

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.