Steven Michael Douglas Sells 11,991 Shares of Saputo (TSE:SAP) Stock

Saputo Inc. (TSE:SAP) Director Steven Michael Douglas sold 11,991 shares of the company’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of C$41.83, for a total value of C$501,583.53. Following the completion of the transaction, the director directly owned 12,917 shares in the company, valued at C$540,318.11. This represents a 48.14% decrease in their position.

Steven Michael Douglas also recently made the following trade(s):

• On Friday, June 12th, Steven Michael Douglas sold 19,777 shares of Saputo stock. The shares were sold at an average price of C$41.90, for a total transaction of C$828,656.30.
• On Monday, June 15th, Steven Michael Douglas sold 5,803 shares of Saputo stock. The stock was sold at an average price of C$41.93, for a total transaction of C$243,319.79.

Saputo Trading Down 0.9%

Shares of SAP traded down C$0.39 during midday trading on Tuesday, hitting C$41.48. The stock had a trading volume of 302,644 shares, compared to its average volume of 1,013,900. Saputo Inc. has a fifty-two week low of C$26.35 and a fifty-two week high of C$45.09. The business has a 50-day simple moving average of C$41.23 and a two-hundred day simple moving average of C$41.49. The firm has a market cap of C$16.61 billion, a P/E ratio of 25.45, a price-to-earnings-growth ratio of 0.56 and a beta of 0.06. The company has a current ratio of 1.71, a quick ratio of 0.67 and a debt-to-equity ratio of 48.08.

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

Saputo Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on SAP shares. Ventum Capital increased their price objective on Saputo from C$47.00 to C$48.00 and gave the stock a “buy” rating in a report on Monday, June 8th. National Bank Financial dropped their price objective on Saputo from C$46.00 to C$44.00 and set a “sector perform” rating on the stock in a report on Wednesday, May 6th. Ventum Financial set a C$47.00 price objective on Saputo and gave the stock a “buy” rating in a report on Wednesday, April 22nd. Finally, TD dropped their price objective on Saputo from C$52.00 to C$51.00 and set a “buy” rating on the stock in a report on Monday, June 8th. Eight research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average 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.