Insider Selling: Saputo Inc. (TSE:SAP) Director Sells 60,000 Shares of Stock

Saputo Inc. (TSE:SAPGet Rating) Director Terry Brockman sold 60,000 shares of the company’s stock in a transaction dated Friday, November 18th. The shares were sold at an average price of C$35.42, for a total transaction of C$2,125,200.00. Following the sale, the director now owns 104,194 shares of the company’s stock, valued at C$3,690,551.48.

Saputo Stock Up 0.4 %

Shares of SAP opened at C$34.37 on Friday. The company has a 50-day simple moving average of C$32.98 and a 200-day simple moving average of C$30.96. The firm has a market capitalization of C$14.40 billion and a P/E ratio of 35.43. The company has a debt-to-equity ratio of 58.77, a quick ratio of 0.67 and a current ratio of 1.60. Saputo Inc. has a 52 week low of C$24.61 and a 52 week high of C$36.05.

Saputo Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 16th. Stockholders of record on Tuesday, December 6th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date is Monday, December 5th. Saputo’s dividend payout ratio is currently 74.23%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on SAP shares. TD Securities upped their price target on shares of Saputo from C$42.00 to C$44.00 and gave the company a “buy” rating in a report on Monday, November 14th. National Bankshares upped their price target on shares of Saputo from C$39.00 to C$41.00 in a report on Monday, November 14th. Scotiabank cut shares of Saputo from an “outperform” rating to a “sector perform” rating and decreased their price target for the company from C$40.00 to C$37.00 in a report on Monday, October 3rd. Royal Bank of Canada upped their price target on shares of Saputo from C$35.00 to C$40.00 and gave the company an “outperform” rating in a report on Friday, August 5th. Finally, BMO Capital Markets upped their price target on shares of Saputo from C$39.00 to C$41.00 in a report on Friday, August 5th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$39.57.

About Saputo

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Saputo Inc produces, markets, and distributes dairy products in Canada, the United States, Argentina, Australia, and the United Kingdom. The company offers cheeses, including mozzarella and cheddar; specialty cheeses, such as ricotta, provolone, blue, parmesan, goat cheese, feta, romano, and havarti; fine cheeses comprising brie and camembert; and other cheeses that include brick, colby, farmer, munster, monterey jack, fresh curd, and processed cheeses.

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Insider Buying and Selling by Quarter for Saputo (TSE:SAP)

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