Saputo Inc. (SAP) To Go Ex-Dividend on June 16th

Saputo Inc. (TSE:SAP) declared a quarterly dividend on Tuesday, June 16th, TickerTech Dividends reports. Investors of record on Thursday, June 25th will be given a dividend of 0.20 per share on Thursday, June 25th. This represents a c) annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Tuesday, June 16th.

Saputo Price Performance

Saputo stock opened at C$42.01 on Friday. Saputo has a 52 week low of C$26.35 and a 52 week high of C$45.09. The business has a 50-day simple moving average of C$41.27 and a 200 day simple moving average of C$41.45. The company has a quick ratio of 0.67, a current ratio of 1.71 and a debt-to-equity ratio of 48.08. The stock has a market cap of C$16.82 billion, a price-to-earnings ratio of 25.77, a PEG ratio of 0.56 and a beta of 0.06.

Saputo (TSE:SAP) last posted its earnings results on Thursday, June 4th. The company reported C$0.41 EPS for the quarter. Saputo had a return on equity of 9.98% and a net margin of 3.65%.The business had revenue of C$3.31 billion during the quarter. On average, research analysts forecast that Saputo will post 1.7735369 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

SAP has been the subject of a number of research reports. TD Securities upped their price objective on Saputo from C$51.00 to C$52.00 and gave the stock a “buy” rating in a report on Sunday, February 15th. National Bank Financial cut their price objective on Saputo from C$46.00 to C$44.00 and set a “sector perform” rating for the company in a report on Wednesday, May 6th. TD cut their price objective on Saputo from C$52.00 to C$51.00 and set a “buy” rating for the company in a report on Monday, June 8th. Ventum Financial set a C$47.00 price objective on Saputo and gave the stock a “buy” rating in a report on Wednesday, April 22nd. Finally, Ventum Capital upped their price objective on Saputo from C$47.00 to C$48.00 and gave the stock a “buy” rating in a report on Monday, June 8th. Eight research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of C$46.73.

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.