Maple Leaf Foods Inc. (TSE:MFI – Get Free Report) insider Randall Huffman sold 4,500 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of C$29.35, for a total transaction of C$132,075.00. Following the transaction, the insider directly owned 89,044 shares in the company, valued at C$2,613,441.40. This represents a 4.81% decrease in their ownership of the stock.
Randall Huffman also recently made the following trade(s):
- On Monday, May 25th, Randall Huffman sold 5,075 shares of Maple Leaf Foods stock. The stock was sold at an average price of C$29.45, for a total transaction of C$149,458.75.
Maple Leaf Foods Stock Performance
Shares of MFI traded down C$0.30 during mid-day trading on Tuesday, hitting C$29.14. 178,860 shares of the company’s stock were exchanged, compared to its average volume of 304,238. Maple Leaf Foods Inc. has a 52 week low of C$23.35 and a 52 week high of C$36.35. The stock’s 50-day simple moving average is C$29.43 and its 200-day simple moving average is C$27.15. The firm has a market cap of C$3.63 billion, a price-to-earnings ratio of 6.92, a price-to-earnings-growth 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.
Maple Leaf Foods Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders 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. This represents a $0.84 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend was Monday, March 9th. Maple Leaf Foods’s payout ratio is 20.90%.
Analyst Upgrades and Downgrades
MFI has been the topic of several recent research reports. Royal Bank Of Canada raised their target price on shares of 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. Scotia raised their target price 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. National Bank Financial increased their price target on shares of Maple Leaf Foods from C$35.00 to C$37.00 and gave the stock an “outperform” rating in a research report on Friday, May 8th. Canaccord Genuity Group increased their price target on shares of Maple Leaf Foods from C$37.00 to C$38.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. Finally, Stifel Nicolaus increased their price target on shares of Maple Leaf Foods from C$35.00 to C$36.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating and nine have given a Buy rating to the company. According to MarketBeat, Maple Leaf Foods currently has an average rating of “Buy” and an average price target of C$36.09.
Read 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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