Insider Selling: Maple Leaf Foods (TSE:MFI) Insider Sells 1,000 Shares of Stock

Key Points

• Andreas Liris, an insider at Maple Leaf Foods, sold 1,000 shares at an average price of C$34.77, reducing his ownership by 6.67%.
• The company recently announced a quarterly dividend of $0.24 per share, representing an annualized rate of $0.96 and a dividend yield of 2.7%.
• Multiple analysts have upgraded their target prices for the stock, with the average target now at C$38.07, and a consensus rating of "Buy."

Maple Leaf Foods Inc. (TSE:MFI - Get Free Report) insider Andreas Liris sold 1,000 shares of the firm's stock in a transaction on Friday, August 15th. The shares were sold at an average price of C$34.77, for a total transaction of C$34,770.00. Following the transaction, the insider directly owned 14,001 shares of the company's stock, valued at C$486,814.77. The trade was a 6.67% decrease in their ownership of the stock.

Maple Leaf Foods Price Performance

Shares of TSE:MFI traded up C$0.55 on Tuesday, reaching C$35.52. The company's stock had a trading volume of 91,625 shares, compared to its average volume of 217,561. Maple Leaf Foods Inc. has a 52-week low of C$19.61 and a 52-week high of C$36.35. The company has a market cap of C$4.40 billion, a P/E ratio of 24.67, a PEG ratio of 18.07 and a beta of 0.82. The company has a 50-day simple moving average of C$32.00 and a 200 day simple moving average of C$27.97. The company has a debt-to-equity ratio of 130.19, a quick ratio of 0.54 and a current ratio of 1.26.

Maple Leaf Foods Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Monday, September 29th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Friday, September 5th. Maple Leaf Foods's dividend payout ratio (DPR) is presently 63.89%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on MFI. Scotiabank raised their target price on shares of Maple Leaf Foods from C$30.00 to C$35.00 and gave the stock a "sector perform" rating in a report on Friday, August 8th. TD Securities raised their target price on shares of Maple Leaf Foods from C$42.00 to C$47.00 and gave the stock a "buy" rating in a report on Tuesday. Royal Bank Of Canada raised their target price on shares of Maple Leaf Foods from C$35.00 to C$38.00 and gave the stock an "outperform" rating in a report on Friday, August 8th. Stifel Nicolaus raised their target price on shares of Maple Leaf Foods from C$36.50 to C$40.50 and gave the stock a "buy" rating in a report on Friday, August 8th. Finally, CIBC raised their target price on shares of Maple Leaf Foods from C$32.00 to C$38.00 in a report on Wednesday, July 16th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Maple Leaf Foods presently has an average rating of "Buy" and an average target price of C$38.07.

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.

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