Olajumoke Fagbemi Purchases 2,651 Shares of Maple Leaf Foods (TSE:MFI) Stock

Key Points

• Maple Leaf Foods insider Olajumoke Fagbemi acquired 2,651 shares at C$35.71 per share, increasing their ownership by 9,467.86%.
• The company declared a quarterly dividend of $0.24 per share, which will be paid on September 29th, contributing to a 2.7% annual dividend yield.
• Analysts have shown positive outlooks, with target prices ranging from C$38.00 to C$47.00, and a consensus rating of "Buy".

Maple Leaf Foods Inc. (TSE:MFI - Get Free Report) insider Olajumoke Fagbemi acquired 2,651 shares of the business's stock in a transaction dated Wednesday, August 27th. The stock was acquired at an average price of C$35.71 per share, with a total value of C$94,665.62. Following the completion of the transaction, the insider directly owned 2,679 shares of the company's stock, valued at approximately C$95,665.48. This represents a 9,467.86% increase in their ownership of the stock.

Maple Leaf Foods Price Performance

Shares of Maple Leaf Foods stock traded down C$0.41 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 company has a market capitalization of C$4.41 billion, a P/E ratio of 24.69, a PEG ratio of 18.07 and a beta of 0.82. Maple Leaf Foods Inc. has a 52-week low of C$19.61 and a 52-week high of C$36.35. The stock 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 quick ratio of 0.54, a current ratio of 1.26 and a debt-to-equity ratio of 130.19.

Maple Leaf Foods Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several brokerages recently commented on MFI. Stifel Nicolaus boosted their price target on Maple Leaf Foods from C$36.50 to C$40.50 and gave the stock a "buy" rating in a research report on Friday, August 8th. TD Securities boosted 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, September 9th. CIBC boosted their price target on Maple Leaf Foods from C$32.00 to C$38.00 in a research report on Wednesday, July 16th. Stifel Canada upgraded Maple Leaf Foods to a "strong-buy" rating in a research report on Monday, June 2nd. Finally, Royal Bank Of Canada boosted their price target on Maple Leaf Foods from C$35.00 to C$38.00 and gave the stock an "outperform" rating in a research report on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Maple Leaf Foods presently has a consensus rating of "Buy" and a consensus price target 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.