Maple Leaf Foods Inc. (TSE:MFI) Given Average Recommendation of "Buy" by Brokerages

Maple Leaf Foods Inc. (TSE:MFI - Get Free Report) has earned an average rating of "Buy" from the twelve brokerages that are currently covering the firm, MarketBeat Ratings reports. Ten investment analysts have rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is C$36.42.

Several brokerages have issued reports on MFI. Royal Bank Of Canada increased their target price on 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. Ventum Capital upped their price objective on Maple Leaf Foods from C$37.00 to C$39.00 and gave the stock a "buy" rating in a research note on Friday, May 8th. Canaccord Genuity Group raised their price objective on Maple Leaf Foods from C$37.00 to C$38.00 and gave the company a "buy" rating in a research report on Friday, May 8th. Scotia lifted their target price on Maple Leaf Foods from C$32.00 to C$36.00 and gave the company a "sector outperform" rating in a research note on Friday, May 8th. Finally, TD Securities upgraded shares of Maple Leaf Foods to a "strong-buy" rating in a report on Monday, June 22nd.

Maple Leaf Foods Stock Down 2.4%

TSE MFI opened at C$27.67 on Tuesday. The company has a quick ratio of 0.54, a current ratio of 1.34 and a debt-to-equity ratio of 91.78. Maple Leaf Foods has a 52 week low of C$23.35 and a 52 week high of C$36.35. The firm has a market capitalization of C$3.44 billion, a price-to-earnings ratio of 6.57, a PEG ratio of 18.07 and a beta of 0.32. The company has a fifty day moving average of C$29.83 and a two-hundred day moving average of C$28.97.

Maple Leaf Foods Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 30th were given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend was Monday, June 8th. Maple Leaf Foods's dividend payout ratio is currently 20.90%.

Insider Transactions at Maple Leaf Foods

In other Maple Leaf Foods news, insider Adam John Grogan sold 32,063 shares of the firm's stock in a transaction on Friday, May 22nd. The shares were sold at an average price of C$29.37, for a total value of C$941,690.31. Following the completion of the transaction, the insider owned 41,277 shares of the company's stock, valued at approximately C$1,212,305.49. This trade represents a 43.72% decrease in their ownership of the stock. Also, insider Randall Huffman sold 5,075 shares of the firm's stock in a transaction on Monday, May 25th. The stock was sold at an average price of C$29.45, for a total value of C$149,458.75. Following the completion of the transaction, the insider owned 89,044 shares of the company's stock, valued at C$2,622,345.80. This trade represents a 5.39% decrease in their position. Over the last ninety days, insiders bought 12,500 shares of company stock worth $350,102 and sold 137,829 shares worth $4,036,811. Company insiders own 39.87% of the company's stock.

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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