Randall Huffman Sells 4,500 Shares of Maple Leaf Foods (TSE:MFI) Stock

Maple Leaf Foods Inc. (TSE:MFI) insider Randall Huffman sold 4,500 shares of the company’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of C$29.35, for a total transaction of C$132,075.00. Following the completion of the sale, the insider directly owned 89,044 shares in the company, valued at approximately C$2,613,441.40. The trade was a 4.81% decrease in their ownership of the stock.

Randall Huffman also recently made the following trade(s):

• On Monday, May 25th, Randall Huffman sold 5,075 shares of Maple Leaf Foods stock. The shares were sold at an average price of C$29.45, for a total transaction of C$149,458.75.

Maple Leaf Foods Stock Performance

Shares of MFI stock traded down C$0.30 on Tuesday, reaching C$29.14. The stock had a trading volume of 178,860 shares, compared to its average volume of 304,238. The company has a quick ratio of 0.54, a current ratio of 1.34 and a debt-to-equity ratio of 91.78. The firm’s 50-day moving average is C$29.43 and its two-hundred day moving average is C$27.15. The firm has a market capitalization of C$3.63 billion, a price-to-earnings ratio of 6.92, a P/E/G ratio of 18.07 and a beta of 0.54. Maple Leaf Foods Inc. has a 12 month low of C$23.35 and a 12 month high of C$36.35.

Maple Leaf Foods (TSE:MFI) last issued its earnings results on Thursday, May 7th. The company reported C$0.34 earnings per share (EPS) for the quarter. The company had revenue of C$962.85 million for the quarter. Maple Leaf Foods had a net margin of 12.44% and a return on equity of 36.56%. On average, research analysts expect that Maple Leaf Foods Inc. will post 1.4334187 EPS for the current fiscal year.

Maple Leaf Foods Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 31st were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend was Monday, March 9th. This is a positive change from Maple Leaf Foods’s previous quarterly dividend of $0.19. Maple Leaf Foods’s payout ratio is currently 20.90%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on MFI shares. Canaccord Genuity Group upped their target price on shares of Maple Leaf Foods from C$37.00 to C$38.00 and gave the company a “buy” rating in a report on Friday, May 8th. Royal Bank Of Canada increased their price target on shares of Maple Leaf Foods from C$33.00 to C$34.00 and gave the company an “outperform” rating in a report on Friday, May 8th. Scotiabank raised shares of Maple Leaf Foods from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 11th. National Bank Financial increased their price target on shares of Maple Leaf Foods from C$35.00 to C$37.00 and gave the company an “outperform” rating in a report on Friday, May 8th. Finally, Ventum Capital increased their price target on shares of Maple Leaf Foods from C$37.00 to C$39.00 and gave the company a “buy” rating in a report on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating and nine have issued a Buy rating to the stock. Based on data from MarketBeat, Maple Leaf Foods currently has an average rating of “Buy” and an average target price of C$36.09.

Maple Leaf Foods Company Profile

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.