Maple Leaf Foods (TSE:MFI) Insider Sells C$34,770.00 in 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 company's stock in a transaction dated Friday, August 15th. The stock was sold at an average price of C$34.77, for a total transaction of C$34,770.00. Following the completion of the sale, the insider owned 14,001 shares in the company, valued at approximately C$486,814.77. This trade represents a 6.67% decrease in their position.

Maple Leaf Foods Stock Down 1.1%

MFI traded down C$0.41 during midday trading on Friday, reaching C$35.56. The company's stock had a trading volume of 245,535 shares, compared to its average volume of 217,362. The firm has a market capitalization of C$4.41 billion, a price-to-earnings ratio of 24.69, a PEG ratio of 18.07 and a beta of 0.82. The company has a current ratio of 1.26, a quick ratio of 0.54 and a debt-to-equity ratio of 130.19. Maple Leaf Foods Inc. has a 1 year low of C$19.61 and a 1 year high of C$36.35. The stock's 50-day moving average is C$32.59 and its 200-day moving average is C$28.27.

Maple Leaf Foods Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Monday, September 29th will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Friday, September 5th. Maple Leaf Foods's dividend payout ratio is currently 63.89%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on MFI. CIBC upped their target price on shares of Maple Leaf Foods from C$32.00 to C$38.00 in a research note on Wednesday, July 16th. National Bankshares upped their target price on shares of Maple Leaf Foods from C$36.00 to C$39.00 and gave the stock an "outperform" rating in a research note on Friday. Stifel Canada upgraded shares of Maple Leaf Foods to a "strong-buy" rating in a research note on Monday, June 2nd. Stifel Nicolaus upped 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 research note on Friday, August 8th. Finally, Scotiabank upped 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 research note on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of C$38.50.

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.