Insider Buying: Maple Leaf Foods (TSE:MFI) Insider Purchases C$70,900.00 in Stock

Maple Leaf Foods Inc. (TSE:MFIGet Free Report) insider Andreas Liris acquired 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, May 13th. The stock was purchased at an average cost of C$28.36 per share, for a total transaction of C$70,900.00. Following the acquisition, the insider owned 15,500 shares in the company, valued at approximately C$439,580. This trade represents a 19.23% increase in their ownership of the stock.

Andreas Liris also recently made the following trade(s):

  • On Tuesday, May 12th, Andreas Liris sold 4,870 shares of Maple Leaf Foods stock. The shares were sold at an average price of C$28.70, for a total transaction of C$139,769.00.

Maple Leaf Foods Price Performance

TSE MFI opened at C$28.00 on Monday. Maple Leaf Foods Inc. has a 52 week low of C$23.35 and a 52 week high of C$36.35. The company has a current ratio of 1.34, a quick ratio of 0.54 and a debt-to-equity ratio of 91.78. The stock has a market cap of C$3.48 billion, a price-to-earnings ratio of 6.65, a price-to-earnings-growth ratio of 18.07 and a beta of 0.54. The company has a 50-day moving average price of C$29.36 and a two-hundred day moving average price of C$27.04.

Maple Leaf Foods (TSE:MFIGet Free Report) last released its quarterly earnings results on Thursday, May 7th. The company reported C$0.34 earnings per share for the quarter. The company had revenue of C$962.85 million for the quarter. Maple Leaf Foods had a return on equity of 36.56% and a net margin of 12.44%. Analysts forecast that Maple Leaf Foods Inc. will post 1.4334187 EPS for the current year.

Maple Leaf Foods Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 31st were paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend was Monday, March 9th. This is an increase from Maple Leaf Foods’s previous quarterly dividend of $0.19. Maple Leaf Foods’s dividend payout ratio (DPR) is presently 20.90%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on MFI shares. National Bank Financial increased their price target on Maple Leaf Foods from C$35.00 to C$37.00 and gave the stock an “outperform” rating in a research note on Friday, May 8th. Scotia upped their price objective on shares of Maple Leaf Foods from C$32.00 to C$36.00 and gave the stock a “sector outperform” rating in a report on Friday, May 8th. Royal Bank Of Canada increased their target price on shares of Maple Leaf Foods from C$33.00 to C$34.00 and gave the company an “outperform” rating in a research report on Friday, May 8th. Ventum Capital raised their target price on shares of Maple Leaf Foods from C$37.00 to C$39.00 and gave the company a “buy” rating in a research note on Friday, May 8th. Finally, Scotiabank upgraded shares of Maple Leaf Foods from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 11th. One equities research analyst has rated the stock with a Strong Buy rating and nine have given a Buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of C$36.09.

Check Out Our Latest Stock Analysis on MFI

About Maple Leaf Foods

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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.

Further Reading

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