Maple Leaf Foods Inc. (TSE:MFI – Get Free Report) insider Andreas Liris sold 4,870 shares of the company’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of C$28.70, for a total value of C$139,769.00. Following the completion of the sale, the insider owned 13,000 shares in the company, valued at approximately C$373,100. This represents a 27.25% decrease in their position.
Andreas Liris also recently made the following trade(s):
- On Wednesday, May 13th, Andreas Liris purchased 2,500 shares of Maple Leaf Foods stock. The stock was purchased at an average price of C$28.36 per share, for a total transaction of C$70,900.00.
Maple Leaf Foods Price Performance
Shares of MFI traded up C$0.01 on Friday, reaching C$27.94. The stock had a trading volume of 78,675 shares, compared to its average volume of 308,776. The firm has a market capitalization of C$3.48 billion, a PE ratio of 6.64, a PEG ratio of 18.07 and a beta of 0.54. The company has a quick ratio of 0.54, a current ratio of 1.34 and a debt-to-equity ratio of 91.78. The firm has a 50-day moving average of C$29.33 and a 200 day moving average of C$27.04. Maple Leaf Foods Inc. has a twelve month low of C$23.35 and a twelve month high of C$36.35.
Maple Leaf Foods Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 31st were issued a dividend of $0.21 per share. This is a boost from Maple Leaf Foods’s previous quarterly dividend of $0.19. The ex-dividend date was Monday, March 9th. This represents a $0.84 dividend on an annualized basis and a yield of 3.0%. Maple Leaf Foods’s payout ratio is currently 20.90%.
Wall Street Analysts Forecast Growth
A number of brokerages have commented on MFI. Stifel Nicolaus increased their target price on Maple Leaf Foods from C$35.00 to C$36.00 and gave the company a “buy” rating in a report on Friday, May 8th. Royal Bank Of Canada increased their target price on Maple Leaf Foods from C$33.00 to C$34.00 and gave the company an “outperform” rating in a report on Friday, May 8th. Ventum Financial set a C$37.00 target price on Maple Leaf Foods and gave the company a “buy” rating in a report on Wednesday, April 22nd. National Bank Financial increased their target price on Maple Leaf Foods from C$35.00 to C$37.00 and gave the company an “outperform” rating in a report on Friday, May 8th. Finally, Scotiabank upgraded Maple Leaf Foods from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 11th. One research analyst has rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of C$36.09.
Get Our Latest Analysis on MFI
About Maple Leaf Foods
Maple Leaf Foods Inc is a consumer-packaged meats company. It produces prepared meats and meals, fresh pork, and poultry and turkey products. The company also has agribusiness operations. These operations supply livestock to the meat products business operations. Its main markets are Canada, the United States, Japan, and China. The key brands are Maple Leaf and Schneiders, Maple Leaf Prime Naturally, Shopsy, Mitchell’s Gourmet Food, Larse, Parm, and Hygrade.
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