Michael Walton Sells 56,200 Shares of Rogers Sugar (TSE:RSI) Stock

Rogers Sugar Inc. (TSE:RSI) insider Michael Walton sold 56,200 shares of the firm’s stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of C$6.81, for a total value of C$382,722.00. Following the completion of the sale, the insider directly owned 232,747 shares of the company’s stock, valued at C$1,585,007.07. This represents a 19.45% decrease in their ownership of the stock.

Michael Walton also recently made the following trade(s):

• On Thursday, September 3rd, Michael Walton sold 3,800 shares of Rogers Sugar stock. The shares were sold at an average price of C$6.82, for a total transaction of C$25,916.00.
• On Thursday, September 3rd, Michael Walton sold 15,000 shares of Rogers Sugar stock. The stock was sold at an average price of C$6.85, for a total transaction of C$102,750.00.
• On Monday, August 31st, Michael Walton sold 4,100 shares of Rogers Sugar stock. The shares were sold at an average price of C$6.81, for a total value of C$27,921.00.
• On Monday, August 31st, Michael Walton sold 55,600 shares of Rogers Sugar stock. The stock was sold at an average price of C$6.80, for a total value of C$378,080.00.
• On Monday, August 31st, Michael Walton sold 6,562 shares of Rogers Sugar stock. The shares were sold at an average price of C$6.81, for a total value of C$44,687.22.
• On Tuesday, September 1st, Michael Walton sold 11,500 shares of Rogers Sugar stock. The shares were sold at an average price of C$6.82, for a total transaction of C$78,430.00.

Rogers Sugar Trading Up 0.6%

TSE:RSI traded up C$0.04 on Friday, hitting C$6.89. The stock had a trading volume of 146,185 shares, compared to its average volume of 268,523. The company has a fifty day moving average price of C$6.91 and a two-hundred day moving average price of C$6.75. Rogers Sugar Inc. has a 1-year low of C$5.86 and a 1-year high of C$7.16. The company has a quick ratio of 0.56, a current ratio of 1.68 and a debt-to-equity ratio of 89.42. The stock has a market cap of C$885.67 million, a price-to-earnings ratio of 13.25 and a beta of 0.70.

Rogers Sugar (TSE:RSI) last issued its quarterly earnings results on Thursday, August 6th. The company reported C$0.13 earnings per share for the quarter. Rogers Sugar had a net margin of 5.48% and a return on equity of 14.14%. The firm had revenue of C$293.69 million during the quarter. Equities research analysts expect that Rogers Sugar Inc. will post 0.5597668 earnings per share for the current fiscal year.

Rogers Sugar Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Wednesday, July 15th were given a $0.09 dividend. The ex-dividend date was Friday, June 26th. This represents a $0.36 annualized dividend and a yield of 5.2%. Rogers Sugar’s dividend payout ratio (DPR) is currently 69.23%.

Analysts Set New Price Targets

Separately, TD Securities upgraded Rogers Sugar to a “hold” rating in a report on Monday, May 11th. Three equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Rogers Sugar has an average rating of “Reduce” and an average price target of C$6.75.

Rogers Sugar Company Profile

Rogers is a corporation established under the laws of Canada. The Corporation holds all of the common shares of Lantic and its administrative office is in Montréal, Québec. Lantic operates cane sugar refineries in Montréal, Québec, and Vancouver, British Columbia, as well as the only Canadian sugar beet processing facility in Taber, Alberta. Lantic also operates a distribution center in Toronto, Ontario. Lantic’s sugar products are mainly marketed under the ‘Lantic’ trademark in Eastern Canada, and the ‘Rogers’ trademark in Western Canada and include granulated, icing, cube, yellow and brown sugars, liquid sugars, and specialty syrups.