Andrew Gordon Macdonald Acquires 10,000 Shares of Maple Leaf Foods (TSE:MFI) Stock

Key Points

• Insider buying: Director Andrew Gordon Macdonald purchased 10,000 Maple Leaf Foods shares for C$267,800, increasing his holdings by 16.08% to 72,200 shares.
• Stock and financial performance: Shares traded at C$26.55, below their 50-day and 200-day moving averages. The company reported quarterly revenue of C$1.02 billion and earnings of C$0.44 per share.
• Dividend and analyst outlook: Maple Leaf Foods announced a quarterly dividend of C$0.21 per share, implying a 3.2% annual yield. Analysts maintain a consensus “Buy” rating with an average price target of C$36.33.

Maple Leaf Foods Inc. (TSE:MFI - Get Free Report) Director Andrew Gordon Macdonald bought 10,000 shares of the stock in a transaction that occurred on Friday, September 4th. The stock was bought at an average price of C$26.78 per share, with a total value of C$267,800.00. Following the completion of the acquisition, the director owned 72,200 shares of the company's stock, valued at C$1,933,516. This trade represents a 16.08% increase in their position.

Maple Leaf Foods Stock Performance

MFI stock traded down C$0.11 during mid-day trading on Friday, reaching C$26.55. The company had a trading volume of 260,215 shares, compared to its average volume of 273,168. Maple Leaf Foods Inc. has a one year low of C$23.35 and a one year high of C$36.31. The stock has a market capitalization of C$3.31 billion, a P/E ratio of 6.52, a P/E/G ratio of 18.07 and a beta of 0.34. The company has a quick ratio of 0.54, a current ratio of 1.56 and a debt-to-equity ratio of 97.47. The stock's 50-day simple moving average is C$28.37 and its two-hundred day simple moving average is C$29.03.

Maple Leaf Foods (TSE:MFI - Get Free Report) last issued its quarterly earnings results on Wednesday, August 12th. The company reported C$0.44 earnings per share for the quarter. Maple Leaf Foods had a return on equity of 36.83% and a net margin of 13.08%.The business had revenue of C$1.02 billion for the quarter. Research analysts anticipate that Maple Leaf Foods Inc. will post 1.4334187 EPS for the current year.

Maple Leaf Foods Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 29th will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend is Tuesday, September 8th. Maple Leaf Foods's dividend payout ratio is presently 20.88%.

Analyst Upgrades and Downgrades

MFI has been the topic of several analyst reports. Canadian Imperial Bank of Commerce set a C$36.00 target price on Maple Leaf Foods and gave the stock an "outperformer" rating in a report on Monday, July 27th. Stifel Nicolaus set a C$36.00 price objective on shares of Maple Leaf Foods and gave the stock a "buy" rating in a research report on Thursday, July 9th. Canaccord Genuity Group cut their price objective on shares of Maple Leaf Foods from C$39.00 to C$37.00 and set a "buy" rating for the company in a research report on Thursday, August 13th. Ventum Financial reduced their price objective on shares of Maple Leaf Foods from C$39.00 to C$37.00 and set a "buy" rating on the stock in a research note on Thursday, August 13th. Finally, Royal Bank Of Canada boosted their target price on shares of 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. One investment analyst has rated the stock with a Strong Buy rating and eleven have given a Buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of C$36.33.

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.

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