Insider Selling: Saputo (TSE:SAP) Insider Sells 26,806 Shares of Stock

Saputo Inc. (TSE:SAP) insider Martin Gagnon sold 26,806 shares of the firm’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of C$41.78, for a total transaction of C$1,119,954.68. Following the completion of the transaction, the insider directly owned 31,362 shares in the company, valued at approximately C$1,310,304.36. The trade was a 46.08% decrease in their position.

Martin Gagnon also recently made the following trade(s):

• On Tuesday, June 16th, Martin Gagnon sold 12,926 shares of Saputo stock. The stock was sold at an average price of C$41.99, for a total transaction of C$542,762.74.
• On Tuesday, June 16th, Martin Gagnon sold 11,819 shares of Saputo stock. The stock was sold at an average price of C$41.83, for a total transaction of C$494,388.77.
• On Tuesday, June 16th, Martin Gagnon sold 22,331 shares of Saputo stock. The stock was sold at an average price of C$41.83, for a total transaction of C$934,105.73.

Saputo Stock Performance

Shares of SAP traded down C$0.47 on Tuesday, reaching C$41.40. The company’s stock had a trading volume of 731,852 shares, compared to its average volume of 1,017,883. The company has a debt-to-equity ratio of 48.08, a current ratio of 1.71 and a quick ratio of 0.67. The stock has a market capitalization of C$16.58 billion, a P/E ratio of 25.40, a PEG ratio of 0.56 and a beta of 0.06. The stock’s 50 day simple moving average is C$41.19 and its two-hundred day simple moving average is C$41.51. Saputo Inc. has a 12-month low of C$26.35 and a 12-month high of C$45.09.

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

Saputo Dividend Announcement

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

Analyst Upgrades and Downgrades

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