Shares of Saputo Inc. (TSE:SAP – Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$41.67 and traded as high as C$42.06. Saputo shares last traded at C$41.45, with a volume of 1,042,892 shares traded.
Analyst Ratings Changes
SAP has been the topic of a number of research reports. National Bank Financial cut their target price 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. TD decreased their price target on Saputo from C$52.00 to C$51.00 and set a “buy” rating for the company in a research note on Monday, June 8th. Ventum Capital boosted their price objective on shares of Saputo from C$47.00 to C$48.00 and gave the company a “buy” rating in a report on Monday, June 8th. Ventum Financial set a C$47.00 price target on shares of Saputo and gave the stock a “buy” rating in a research report on Wednesday, April 22nd. Finally, TD Securities upgraded Saputo to a “strong-buy” rating in a research note on Monday, June 22nd. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of C$46.73.
Check Out Our Latest Report on Saputo
Saputo Price Performance
Saputo (TSE:SAP – Get Free Report) last released its quarterly earnings data on Thursday, June 4th. The company reported C$0.41 EPS 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%. On average, equities research analysts predict that Saputo Inc. will post 1.7735369 earnings per share for the current fiscal year.
Saputo Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Thursday, June 25th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend was Tuesday, June 16th. Saputo’s payout ratio is currently 48.47%.
Insider Buying and Selling
In other Saputo news, Director Maxime Therrien sold 19,601 shares of the stock in a transaction that occurred on Friday, June 26th. The shares were sold at an average price of C$42.06, for a total transaction of C$824,418.06. Following the sale, the director directly owned 64,213 shares in the company, valued at C$2,700,798.78. This represents a 23.39% decrease in their position. Also, Director Steven Michael Douglas purchased 3,875 shares of Saputo stock in a transaction on Tuesday, June 16th. The stock was bought at an average cost of C$41.01 per share, for a total transaction of C$158,913.75. Following the transaction, the director directly owned 16,792 shares in the company, valued at C$688,639.92. This represents a 30.00% increase in their ownership of the stock. Insiders have sold a total of 155,766 shares of company stock valued at $6,525,571 in the last ninety days. Company insiders own 40.45% of the company’s stock.
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.
Read More
- Five stocks we like better than Saputo
- Why Johnson & Johnson’s Earnings Dip Looks Like a Buying Opportunity
- CPI Comes In Cool: Why It Could Revive These 3 Rate-Sensitive Stocks
- Why ASML’s AI Monopoly Is Still Getting Stronger
- Apple’s AI Toll Booth Thesis Faces Its Biggest Test Yet Before Earnings
Receive News & Ratings for Saputo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Saputo and related companies with MarketBeat.com's FREE daily email newsletter.
