Bentley Andrew Brooks Sells 9,997 Shares of Maple Leaf Foods Inc. (TSE:MFI) Stock
Maple Leaf Foods Inc. (TSE:MFI – Get Rating) Senior Officer Bentley Andrew Brooks sold 9,997 shares of the business’s stock in a transaction that occurred on Friday, June 10th. The stock was sold at an average price of C$27.40, for a total transaction of C$273,917.80. Following the transaction, the insider now owns 21,973 shares of the company’s stock, valued at approximately C$602,060.20.
Shares of MFI stock traded down C$0.70 during trading hours on Friday, hitting C$26.72. The company’s stock had a trading volume of 393,209 shares, compared to its average volume of 269,517. The company has a 50 day moving average of C$27.94 and a 200 day moving average of C$29.00. The stock has a market cap of C$3.34 billion and a PE ratio of 48.67. The company has a current ratio of 1.55, a quick ratio of 0.48 and a debt-to-equity ratio of 73.88. Maple Leaf Foods Inc. has a 12-month low of C$24.30 and a 12-month high of C$32.60.
Maple Leaf Foods (TSE:MFI – Get Rating) last announced its quarterly earnings results on Wednesday, May 4th. The company reported C$0.03 earnings per share (EPS) for the quarter. The firm had revenue of C$1.13 billion for the quarter. As a group, analysts anticipate that Maple Leaf Foods Inc. will post 2.221062 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 30th. Investors of record on Wednesday, June 8th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date of this dividend is Tuesday, June 7th. Maple Leaf Foods’s dividend payout ratio (DPR) is presently 134.79%.
MFI has been the subject of several recent analyst reports. Scotiabank reduced their price objective on shares of Maple Leaf Foods from C$43.00 to C$42.00 in a research note on Thursday, May 5th. CIBC cut their price target on shares of Maple Leaf Foods from C$44.00 to C$41.00 and set an “outperform” rating on the stock in a research note on Friday, February 25th. Finally, Royal Bank of Canada cut their price target on shares of Maple Leaf Foods from C$43.00 to C$42.00 and set an “outperform” rating on the stock in a research note on Thursday, April 28th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of C$39.80.
Maple Leaf Foods Company Profile (Get Rating)
Maple Leaf Foods Inc produces food products in the United States, Canada, Japan, China, and internationally. It produces various food products, including prepared meats, ready-to-cook and ready-to-serve meals, snacks kits, fresh pork and poultry, and plant protein products. The company offers its products under various brands, including Maple Leaf, Schneiders, Greenfield Natural Meat Co, Swift, Prime, Maple Leaf Natural Selections, Mina, Big Stick, Cappola, Deli Express, Field Roast Grain Meat Co, Holiday, Hygrade, Larsen, Lightlife, Lunch Mate, Main Street Deli, Maple Leaf Foodservice, Mitchell’s, Olympic Craft Meats, Parma, Shopsy’s, Sunrise, and Swift.
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