Saputo (TSE:SAP) Insider Leanne Cutts Sells 10,000 Shares of Stock

Saputo Inc. (TSE:SAP) insider Leanne Cutts sold 10,000 shares of the stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of C$41.73, for a total value of C$417,300.00. Following the sale, the insider directly owned 23,790 shares of the company’s stock, valued at approximately C$992,756.70. The trade was a 29.59% decrease in their ownership of the stock.

Saputo Price Performance

Shares of SAP opened at C$41.40 on Wednesday. The stock has a market capitalization of C$16.58 billion, a P/E ratio of 25.40, a P/E/G ratio of 0.56 and a beta of 0.06. Saputo Inc. has a twelve month low of C$26.35 and a twelve month high of C$45.09. The company has a 50 day moving average of C$41.19 and a 200-day moving average of C$41.51. The company has a quick ratio of 0.67, a current ratio of 1.71 and a debt-to-equity ratio of 48.08.

Saputo (TSE:SAP) last issued its quarterly earnings results on Thursday, June 4th. The company reported C$0.41 earnings per share for the quarter. The company had revenue of C$3.31 billion during the quarter. Saputo had a net margin of 3.65% and a return on equity of 9.98%. As a group, equities research analysts forecast that Saputo Inc. will post 1.7735369 EPS for the current fiscal year.

Saputo Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Thursday, June 25th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Tuesday, June 16th. Saputo’s dividend payout ratio (DPR) is currently 48.47%.

Analyst Ratings Changes

Several brokerages have recently weighed in on SAP. TD decreased their price target on shares of Saputo from C$52.00 to C$51.00 and set a “buy” rating for the company in a research note on Monday, June 8th. National Bank Financial decreased their price target on shares of Saputo from C$46.00 to C$44.00 and set a “sector perform” rating for the company in a research note on Wednesday, May 6th. Ventum Capital raised their target price on shares of Saputo from C$47.00 to C$48.00 and gave the company a “buy” rating in a research note on Monday, June 8th. Finally, Ventum Financial set a C$47.00 target price on shares of Saputo and gave the company a “buy” rating in a research note on Wednesday, April 22nd. Eight investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$46.73.

About Saputo

Saputo, one of the top ten dairy processors in the world, produces, markets, and distributes a wide array of dairy products of the utmost quality, including cheese, fluid milk, extended shelf-life milk and cream products, cultured products, and dairy ingredients. Saputo is a leading cheese manufacturer and fluid milk and cream processor in Canada and a leading dairy processor in Australia. In the USA, Saputo ranks among the top three cheese producers and is one of the top producers of extended shelf-life and cultured dairy products.