Maple Leaf Foods (TSE:MFI) Insider Sells C$20,640.00 in Stock

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 on 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 completion of the transaction, the insider owned 415 shares of the company's stock, valued at approximately C$14,276. This represents a 59.11% decrease in their ownership of the stock.

Maple Leaf Foods Stock Performance

Shares of MFI traded down C$0.41 during trading hours on Friday, hitting C$35.56. The 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 firm has a 50-day moving average price of C$32.59 and a 200 day moving average price of C$28.27. 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 Inc. has a fifty-two week low of C$19.61 and a fifty-two week high of C$36.35.

Maple Leaf Foods Dividend Announcement

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 issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Friday, September 5th. Maple Leaf Foods's payout ratio is presently 63.89%.

Analyst Ratings Changes

Several equities research analysts recently commented on MFI shares. National Bankshares boosted their price target on shares of Maple Leaf Foods from C$36.00 to C$39.00 and gave the stock an "outperform" rating in a report on Friday. TD Securities upped 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, September 9th. Royal Bank Of Canada upped 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 Canada raised shares of Maple Leaf Foods to a "strong-buy" rating in a report on Monday, June 2nd. Finally, 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 report on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of C$38.50.

About Maple Leaf Foods

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.