Insider Selling: Maple Leaf Foods (TSE:MFI) Insider Sells 4,870 Shares of Stock

Maple Leaf Foods Inc. (TSE:MFI) insider Andreas Liris sold 4,870 shares of the business’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of C$28.70, for a total value of C$139,769.00. Following the completion of the transaction, the insider owned 13,000 shares in the company, valued at C$373,100. This trade represents a 27.25% decrease in their position.

Andreas Liris also recently made the following trade(s):

• On Wednesday, May 13th, Andreas Liris purchased 2,500 shares of Maple Leaf Foods stock. The stock was bought at an average price of C$28.36 per share, for a total transaction of C$70,900.00.

Maple Leaf Foods Stock Performance

MFI stock traded up C$0.01 during trading on Friday, hitting C$27.94. The company had a trading volume of 78,675 shares, compared to its average volume of 308,776. The firm has a market cap of C$3.48 billion, a PE ratio of 6.64, a price-to-earnings-growth ratio of 18.07 and a beta of 0.54. Maple Leaf Foods Inc. has a 1-year low of C$23.35 and a 1-year high of C$36.35. The firm has a 50-day moving average price of C$29.33 and a 200-day moving average price of C$27.04. 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 (TSE:MFI) last issued its quarterly earnings results on Thursday, May 7th. The company reported C$0.34 earnings per share (EPS) for the quarter. The firm had revenue of C$962.85 million for the quarter. Maple Leaf Foods had a return on equity of 36.56% and a net margin of 12.44%. On average, analysts expect that Maple Leaf Foods Inc. will post 1.4334187 earnings per share for the current year.

Maple Leaf Foods Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 31st were given a $0.21 dividend. This is a boost from Maple Leaf Foods’s previous quarterly dividend of $0.19. The ex-dividend date was Monday, March 9th. This represents a $0.84 annualized dividend and a yield of 3.0%. Maple Leaf Foods’s payout ratio is presently 20.90%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on MFI shares. Scotia boosted their price target on Maple Leaf Foods from C$32.00 to C$36.00 and gave the company a “sector outperform” rating in a research report on Friday, May 8th. Royal Bank Of Canada boosted their price target on Maple Leaf Foods from C$33.00 to C$34.00 and gave the company an “outperform” rating in a research report on Friday, May 8th. National Bank Financial boosted their target price on 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. Ventum Financial set a C$37.00 target price on Maple Leaf Foods and gave the stock a “buy” rating in a research report on Wednesday, April 22nd. Finally, Stifel Nicolaus boosted their target price on 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 data from MarketBeat, Maple Leaf Foods has an average rating of “Buy” and a consensus price target of C$36.09.

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.