Maple Leaf Foods Inc (TSE:MFI) Senior Officer Rory A. Mcalpine sold 4,000 shares of the stock in a transaction on Monday, March 11th. The shares were sold at an average price of C$27.23, for a total value of C$108,920.00. Following the completion of the sale, the insider now owns 26,252 shares of the company’s stock, valued at C$714,841.96.
TSE:MFI traded up C$0.07 on Friday, reaching C$26.82. The stock had a trading volume of 17,248 shares, compared to its average volume of 126,126. The company has a debt-to-equity ratio of 21.29, a current ratio of 1.51 and a quick ratio of 0.51. The stock has a market cap of $3.30 billion and a P/E ratio of 33.92. Maple Leaf Foods Inc has a 12-month low of C$26.05 and a 12-month high of C$34.68.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 29th will be given a $0.145 dividend. This is a boost from Maple Leaf Foods’s previous quarterly dividend of $0.13. This represents a $0.58 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date of this dividend is Thursday, March 14th. Maple Leaf Foods’s dividend payout ratio is presently 65.82%.
Several analysts recently issued reports on MFI shares. CIBC lowered their price target on Maple Leaf Foods from C$37.00 to C$36.00 in a report on Wednesday, November 28th. Canaccord Genuity increased their price target on Maple Leaf Foods from C$36.00 to C$38.00 in a report on Tuesday, November 27th. Finally, TD Securities lowered their price target on Maple Leaf Foods from C$40.00 to C$39.00 and set a “buy” rating for the company in a report on Friday, March 1st.
Maple Leaf Foods Company Profile
Maple Leaf Foods Inc operates as a consumer protein company. It produces various food products, including offers prepared meats, ready-to-cook and ready-to-serve meals, fresh pork, poultry, turkey, and plant protein products. The company offers its products under various brands, including Maple Leaf, Maple Leaf Prime, Maple Leaf Natural Selections, Schneiders, Schneiders Country Naturals, Mina, and Lightlife.
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