Rogers Sugar (TSE:RSI) Insider Michael Walton Sells 55,600 Shares

Key Points

• Insider selling: Michael Walton sold 55,600 Rogers Sugar shares at an average C$6.80, reducing his position by 20.12% to 220,809 shares. He also reported several additional sales totaling 22,162 shares.
• Stock performance and valuation: Rogers Sugar shares rose 0.7% to C$6.83, with a market capitalization of approximately C$878 million and a 12-month trading range of C$5.86 to C$7.16.
• Dividend and analyst outlook: The company pays a quarterly dividend of C$0.09, equivalent to a 5.3% annualized yield. Analysts maintain an average “Reduce” rating with a consensus price target of C$6.75.

Rogers Sugar Inc. (TSE:RSI - Get Free Report) insider Michael Walton sold 55,600 shares of the stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of C$6.80, for a total value of C$378,080.00. Following the completion of the sale, the insider owned 220,809 shares of the company's stock, valued at approximately C$1,501,501.20. This trade represents a 20.12% decrease in their position.

Michael Walton also recently made the following trade(s):

• On Monday, August 31st, Michael Walton sold 4,100 shares of Rogers Sugar stock. The shares were sold at an average price of C$6.81, for a total value of C$27,921.00.
• On Monday, August 31st, Michael Walton sold 6,562 shares of Rogers Sugar stock. The shares were sold at an average price of C$6.81, for a total transaction of C$44,687.22.
• On Tuesday, September 1st, Michael Walton sold 11,500 shares of Rogers Sugar stock. The shares were sold at an average price of C$6.82, for a total transaction of C$78,430.00.

Rogers Sugar Trading Up 0.7%

Shares of RSI traded up C$0.05 during trading hours on Tuesday, reaching C$6.83. 70,663 shares of the company traded hands, compared to its average volume of 269,478. Rogers Sugar Inc. has a 12 month low of C$5.86 and a 12 month high of C$7.16. The company has a quick ratio of 0.56, a current ratio of 1.68 and a debt-to-equity ratio of 89.42. The company's fifty day moving average price is C$6.91 and its two-hundred day moving average price is C$6.74. The company has a market capitalization of C$877.96 million, a price-to-earnings ratio of 13.13 and a beta of 0.71.

Rogers Sugar (TSE:RSI - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The company reported C$0.13 earnings per share for the quarter. Rogers Sugar had a return on equity of 14.14% and a net margin of 5.48%.The business had revenue of C$293.69 million for the quarter. Equities research analysts predict that Rogers Sugar Inc. will post 0.5597668 earnings per share for the current fiscal year.

Rogers Sugar Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 15th were issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 5.3%. The ex-dividend date was Friday, June 26th. Rogers Sugar's dividend payout ratio is 69.23%.

Wall Street Analysts Forecast Growth

Separately, TD Securities upgraded Rogers Sugar to a "hold" rating in a research note on Monday, May 11th. Three investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Reduce" and a consensus target price of C$6.75.

Rogers Sugar Company Profile

Rogers is a corporation established under the laws of Canada. The Corporation holds all of the common shares of Lantic and its administrative office is in Montréal, Québec. Lantic operates cane sugar refineries in Montréal, Québec, and Vancouver, British Columbia, as well as the only Canadian sugar beet processing facility in Taber, Alberta. Lantic also operates a distribution center in Toronto, Ontario. Lantic's sugar products are mainly marketed under the 'Lantic' trademark in Eastern Canada, and the 'Rogers' trademark in Western Canada and include granulated, icing, cube, yellow and brown sugars, liquid sugars, and specialty syrups.

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