Jason Robert Mayr Sells 600 Shares of Maple Leaf Foods (TSE:MFI) Stock

Maple Leaf Foods Inc. (TSE:MFI) insider Jason Robert Mayr sold 600 shares of the company’s stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of C$34.40, for a total transaction of C$20,640.00. Following the completion of the transaction, the insider directly owned 415 shares in the company, valued at C$14,276. This trade represents a 59.11% decrease in their ownership of the stock.

Maple Leaf Foods Trading Up 1.7%

TSE MFI opened at C$35.56 on Wednesday. Maple Leaf Foods Inc. has a 1-year low of C$19.61 and a 1-year high of C$36.35. The company has a current ratio of 1.26, a quick ratio of 0.54 and a debt-to-equity ratio of 130.19. The company has a market capitalization of C$4.41 billion, a PE ratio of 24.69, a price-to-earnings-growth ratio of 18.07 and a beta of 0.82. The firm’s fifty day simple moving average is C$32.14 and its 200-day simple moving average is C$28.03.

Maple Leaf Foods Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Monday, September 29th will be given a $0.24 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.7%. Maple Leaf Foods’s payout ratio is currently 63.89%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on MFI shares. Stifel Nicolaus boosted their price target on Maple Leaf Foods from C$36.50 to C$40.50 and gave the stock a “buy” rating in a research report on Friday, August 8th. National Bankshares boosted their price target on Maple Leaf Foods from C$31.00 to C$36.00 and gave the stock an “outperform” rating in a research report on Friday, August 8th. CIBC boosted their price target on Maple Leaf Foods from C$32.00 to C$38.00 in a research report on Wednesday, July 16th. TD Securities boosted their price target on Maple Leaf Foods from C$42.00 to C$47.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Scotiabank boosted their price target on Maple Leaf Foods from C$30.00 to C$35.00 and gave the stock a “sector perform” rating in a research report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Maple Leaf Foods currently has a consensus rating of “Buy” and an average target price of C$38.07.

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.