Saputo (TSE:SAP) Insider Sells C$417,300.00 in Stock

Saputo Inc. (TSE:SAPGet Free Report) insider Leanne Cutts sold 10,000 shares of the stock in a transaction dated Monday, June 15th. The stock was sold at an average price of C$41.73, for a total transaction of C$417,300.00. Following the transaction, the insider owned 23,790 shares in the company, valued at approximately C$992,756.70. The trade was a 29.59% decrease in their ownership of the stock.

Saputo Stock Down 1.1%

Saputo stock traded down C$0.47 during midday trading on Tuesday, hitting C$41.40. 731,852 shares of the company’s stock were exchanged, compared to its average volume of 1,017,883. The company has a debt-to-equity ratio of 48.08, a quick ratio of 0.67 and a current ratio of 1.71. Saputo Inc. has a 12 month low of C$26.35 and a 12 month high of C$45.09. The firm has a 50-day moving average of C$41.19 and a two-hundred day moving average of C$41.51. The company has a market cap of C$16.58 billion, a PE ratio of 25.40, a P/E/G ratio of 0.56 and a beta of 0.06.

Saputo (TSE:SAPGet Free Report) last issued its earnings results on Thursday, June 4th. The company reported C$0.41 earnings per share (EPS) for the quarter. Saputo had a net margin of 3.65% and a return on equity of 9.98%. The company had revenue of C$3.31 billion for the quarter. As a group, analysts expect that Saputo Inc. will post 1.7735369 earnings per share for the current fiscal year.

Saputo Announces Dividend

The firm 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 dividend of $0.20 per share. 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 brokerages have issued reports on SAP. Ventum Financial set a C$47.00 target price on shares of Saputo and gave the stock a “buy” rating in a report on Wednesday, April 22nd. Ventum Capital increased 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. TD decreased their price target on shares of Saputo from C$52.00 to C$51.00 and set a “buy” rating for the company in a research report on Monday, June 8th. Finally, National Bank Financial decreased their price target on shares of Saputo from C$46.00 to C$44.00 and set a “sector perform” rating for the company in a research report on Wednesday, May 6th. Eight investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of C$46.73.

Read Our Latest Stock Analysis on SAP

About Saputo

(Get Free Report)

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

Insider Buying and Selling by Quarter for Saputo (TSE:SAP)

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.