Shares of Maple Leaf Foods Inc. (TSE:MFI – Get Free Report) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$27.72 and traded as high as C$31.09. Maple Leaf Foods shares last traded at C$30.92, with a volume of 145,464 shares.
Analyst Ratings Changes
A number of brokerages recently issued reports on MFI. Stifel Nicolaus raised their price target on Maple Leaf Foods from C$35.00 to C$36.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. Ventum Financial set a C$37.00 price objective on Maple Leaf Foods and gave the stock a “buy” rating in a report on Wednesday, April 22nd. Ventum Capital raised their price objective on Maple Leaf Foods from C$37.00 to C$39.00 and gave the stock a “buy” rating in a report on Friday, May 8th. National Bank Financial raised their price objective on Maple Leaf Foods from C$35.00 to C$37.00 and gave the stock an “outperform” rating in a report on Friday, May 8th. Finally, Royal Bank Of Canada raised their price objective on Maple Leaf Foods from C$33.00 to C$34.00 and gave the stock an “outperform” rating in a report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating and ten have given a Buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of C$36.33.
Get Our Latest Stock Report on Maple Leaf Foods
Maple Leaf Foods Price Performance
Maple Leaf Foods (TSE:MFI – Get Free Report) last announced its quarterly earnings results on Thursday, May 7th. The company reported C$0.34 earnings per share (EPS) for the quarter. Maple Leaf Foods had a return on equity of 36.56% and a net margin of 12.44%.The business had revenue of C$962.85 million for the quarter. Equities analysts anticipate that Maple Leaf Foods Inc. will post 1.4334187 EPS for the current year.
Maple Leaf Foods Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 30th will be issued a $0.21 dividend. The ex-dividend date is Monday, June 8th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.7%. Maple Leaf Foods’s dividend payout ratio (DPR) is currently 20.90%.
Insiders Place Their Bets
In other news, Director Curtis Eugene Frank sold 96,191 shares of Maple Leaf Foods stock in a transaction on Monday, May 25th. The stock was sold at an average price of C$29.25, for a total value of C$2,813,586.75. Following the transaction, the director directly owned 101,469 shares in the company, valued at approximately C$2,967,968.25. This trade represents a 48.66% decrease in their position. Also, insider Randall Huffman sold 5,075 shares of Maple Leaf Foods stock in a transaction on Monday, May 25th. The shares were sold at an average price of C$29.45, for a total value of C$149,458.75. Following the completion of the transaction, the insider owned 89,044 shares in the company, valued at C$2,622,345.80. This represents a 5.39% decrease in their ownership of the stock. In the last three months, insiders bought 12,500 shares of company stock worth $350,102 and sold 142,699 shares worth $4,176,580. 39.87% of the stock is owned by insiders.
Maple Leaf Foods Company Profile
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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