Saputo Inc. (TSE:SAP – Get 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
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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