Saputo Inc. (TSE:SAP – Get Free Report) Director Steven Michael Douglas sold 19,777 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of C$41.90, for a total value of C$828,656.30. Following the sale, the director owned 12,917 shares of the company’s stock, valued at approximately C$541,222.30. This trade represents a 60.49% decrease in their ownership of the stock.
Steven Michael Douglas also recently made the following trade(s):
- On Monday, June 15th, Steven Michael Douglas sold 11,991 shares of Saputo stock. The stock was sold at an average price of C$41.83, for a total value of C$501,583.53.
- On Monday, June 15th, Steven Michael Douglas sold 5,803 shares of Saputo stock. The shares were sold at an average price of C$41.93, for a total transaction of C$243,319.79.
Saputo Price Performance
Shares of TSE:SAP traded down C$0.39 during midday trading on Tuesday, hitting C$41.48. The company’s stock had a trading volume of 302,644 shares, compared to its average volume of 1,013,900. The business’s 50 day simple moving average is C$41.23 and its 200 day simple moving average is C$41.49. The company has a debt-to-equity ratio of 48.08, a quick ratio of 0.67 and a current ratio of 1.71. The company 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. Saputo Inc. has a 12-month low of C$26.35 and a 12-month high of C$45.09.
Saputo Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Thursday, June 25th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.9%. The ex-dividend date is Tuesday, June 16th. Saputo’s dividend payout ratio is presently 48.47%.
Wall Street Analyst Weigh In
Several analysts have issued reports on the company. TD dropped their target price on Saputo from C$52.00 to C$51.00 and set a “buy” rating for the company in a report on Monday, June 8th. National Bank Financial reduced their price target on shares of Saputo from C$46.00 to C$44.00 and set a “sector perform” rating on the stock in a research report on Wednesday, May 6th. Ventum Financial set a C$47.00 price target on shares of Saputo and gave the company a “buy” rating in a research report on Wednesday, April 22nd. Finally, Ventum Capital lifted their price target on shares of Saputo from C$47.00 to C$48.00 and gave the company a “buy” rating in a research report on Monday, June 8th. Eight equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Saputo currently has a consensus rating of “Moderate Buy” and an average target price of C$46.73.
View Our Latest Stock Report on SAP
Saputo Company Profile
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.
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