Maple Leaf Foods (TSE:MFI) Insider Jason Robert Mayr Sells 600 Shares

Key Points

• Insider Jason Robert Mayr sold 600 shares of Maple Leaf Foods at an average price of C$34.40, reducing their holdings by 59.11% to just 415 shares.
• The company recently announced a quarterly dividend of $0.24 per share, with a resulting dividend yield of 2.7% and a payout ratio of 63.89%.
• Equity analysts have increased their price targets for Maple Leaf Foods, with several rating the stock as "buy" or "outperform," and the consensus target price is now C$38.07.

Maple Leaf Foods Inc. (TSE:MFI - Get Free Report) insider Jason Robert Mayr sold 600 shares of the business's stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of C$34.40, for a total transaction of C$20,640.00. Following the transaction, the insider owned 415 shares in the company, valued at C$14,276. This represents a 59.11% decrease in their position.

Maple Leaf Foods Trading Up 1.6%

Shares of TSE MFI traded up C$0.55 during midday trading on Tuesday, hitting C$35.52. 91,625 shares of the company traded hands, compared to its average volume of 217,561. Maple Leaf Foods Inc. has a 12-month low of C$19.61 and a 12-month high of C$36.35. The company has a debt-to-equity ratio of 130.19, a quick ratio of 0.54 and a current ratio of 1.26. The stock has a 50-day moving average price of C$32.00 and a 200 day moving average price of C$27.97. The firm has a market cap of C$4.40 billion, a P/E ratio of 24.67, a P/E/G ratio of 18.07 and a beta of 0.82.

Maple Leaf Foods Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Stifel Nicolaus upped their price objective 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. Royal Bank Of Canada upped their price objective 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. CIBC upped their price objective on shares of Maple Leaf Foods from C$32.00 to C$38.00 in a report on Wednesday, July 16th. TD Securities lifted their price target on Maple Leaf Foods from C$42.00 to C$47.00 and gave the stock a "buy" rating in a research report on Tuesday. Finally, National Bankshares upped their price target on shares of Maple Leaf Foods from C$31.00 to C$36.00 and gave the stock an "outperform" rating in a research note on Friday, August 8th. One equities 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 company. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus 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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