Saputo (TSE:SAP) Director Steven Michael Douglas Sells 19,777 Shares

Saputo Inc. (TSE:SAP) Director Steven Michael Douglas sold 19,777 shares of the firm’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of C$41.90, for a total transaction of C$828,656.30. Following the transaction, the director directly owned 12,917 shares of the company’s stock, valued at approximately C$541,222.30. This trade represents a 60.49% decrease in their position.

Steven Michael Douglas also recently made the following trade(s):

• On Monday, June 15th, Steven Michael Douglas sold 11,991 shares of Saputo stock. The stock was sold at an average price of C$41.83, for a total transaction of C$501,583.53.
• On Monday, June 15th, Steven Michael Douglas sold 5,803 shares of Saputo stock. The stock was sold at an average price of C$41.93, for a total value of C$243,319.79.

Saputo Stock Performance

Saputo stock traded down C$0.39 during mid-day trading on Tuesday, hitting C$41.48. The company had a trading volume of 302,644 shares, compared to its average volume of 1,013,900. The company has a current ratio of 1.71, a quick ratio of 0.67 and a debt-to-equity ratio of 48.08. Saputo Inc. has a 12-month low of C$26.35 and a 12-month high of C$45.09. The company’s fifty day moving average is C$41.23 and its 200-day moving average is C$41.49. The company has a market capitalization of C$16.61 billion, a price-to-earnings ratio of 25.45, a P/E/G ratio of 0.56 and a beta of 0.06.

Saputo (TSE:SAP) last released its quarterly earnings data 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 for the quarter. Equities research analysts predict that Saputo Inc. will post 1.7735369 EPS for the current year.

Saputo Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Thursday, June 25th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $0.80 dividend on an annualized basis and a yield of 1.9%. Saputo’s payout ratio is presently 48.47%.

Analysts Set New Price Targets

A number of research firms have weighed in on SAP. Ventum Capital lifted their price objective on shares of Saputo from C$47.00 to C$48.00 and gave the company a “buy” rating in a report on Monday, June 8th. TD decreased their target price on Saputo from C$52.00 to C$51.00 and set a “buy” rating on the stock in a research report on Monday, June 8th. National Bank Financial decreased their target price on Saputo from C$46.00 to C$44.00 and set a “sector perform” rating on the stock in a research report on Wednesday, May 6th. Finally, Ventum Financial set a C$47.00 target price on Saputo and gave the company a “buy” rating in a research report on Wednesday, April 22nd. Eight research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Saputo currently has a consensus rating of “Moderate Buy” and an average price target of C$46.73.

About Saputo

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.