Maple Leaf Foods Inc. (TSE:MFI) Senior Officer Olajumoke Fagbemi Sells 3,600 Shares

Maple Leaf Foods Inc. (TSE:MFI) Senior Officer Olajumoke Fagbemi sold 3,600 shares of the company’s stock in a transaction on Friday, May 16th. The stock was sold at an average price of C$26.33, for a total transaction of C$94,788.00. Following the transaction, the insider now owns 28 shares of the company’s stock, valued at approximately C$737.24. This represents a 99.23% decrease in their position.

Maple Leaf Foods Price Performance

Maple Leaf Foods stock opened at C$27.08 on Wednesday. Maple Leaf Foods Inc. has a 52-week low of C$19.61 and a 52-week high of C$27.98. The company has a market cap of C$3.39 billion, a price-to-earnings ratio of 99.94, a PEG ratio of 18.07 and a beta of 0.47. The company has a quick ratio of 0.54, a current ratio of 1.26 and a debt-to-equity ratio of 130.19. The firm’s fifty day moving average is C$24.89 and its 200 day moving average is C$23.06.

Maple Leaf Foods Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 31st were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 3.55%. The ex-dividend date was Friday, March 7th. This is a positive change from Maple Leaf Foods’s previous quarterly dividend of $0.22. Maple Leaf Foods’s dividend payout ratio (DPR) is 324.76%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. TD Securities upped their target price on shares of Maple Leaf Foods from C$34.00 to C$38.00 and gave the stock a “buy” rating in a research report on Friday, May 9th. Royal Bank of Canada upped their price target on shares of Maple Leaf Foods from C$29.00 to C$30.00 and gave the company an “outperform” rating in a research note on Wednesday, February 26th. Scotiabank raised shares of Maple Leaf Foods to a “hold” rating in a research note on Tuesday, April 1st. National Bankshares upped their price target on shares of Maple Leaf Foods from C$26.00 to C$27.00 and gave the company an “outperform” rating in a research note on Wednesday, February 26th. Finally, CIBC upped their price target on shares of Maple Leaf Foods from C$30.00 to C$32.00 and gave the company an “outperform” rating in a research note on Wednesday, February 26th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$31.80.

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.