Maple Leaf Foods (TSE:MFI) Reaches New 12-Month High - What's Next?

Shares of Maple Leaf Foods Inc. (TSE:MFI - Get Free Report) reached a new 52-week high on Wednesday . The company traded as high as C$28.35 and last traded at C$28.10, with a volume of 81800 shares. The stock had previously closed at C$27.88.

Analyst Upgrades and Downgrades

A number of research analysts have commented on MFI shares. TD Securities upped their price objective on Maple Leaf Foods from C$34.00 to C$38.00 and gave the company a "buy" rating in a report on Friday, May 9th. Royal Bank Of Canada upped their price target on shares of Maple Leaf Foods from C$29.00 to C$30.00 and gave the company an "outperform" rating in a research note on Wednesday, February 26th. National Bankshares boosted their price objective on shares of Maple Leaf Foods from C$26.00 to C$27.00 and gave the company an "outperform" rating in a report on Wednesday, February 26th. Stifel Canada upgraded shares of Maple Leaf Foods to a "strong-buy" rating in a research report on Monday, June 2nd. Finally, CIBC lifted their price target on shares of Maple Leaf Foods from C$30.00 to C$32.00 and gave the company an "outperform" rating in a research report on Wednesday, February 26th. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Maple Leaf Foods presently has an average rating of "Buy" and a consensus target price of C$31.80.

Maple Leaf Foods Price Performance

The firm has a market cap of C$3.52 billion, a P/E ratio of 103.92, a P/E/G ratio of 18.07 and a beta of 0.47. The company has a quick ratio of 0.54, a current ratio of 1.26 and a debt-to-equity ratio of 130.19. The business's 50 day moving average is C$26.08 and its two-hundred day moving average is C$23.78.

Maple Leaf Foods Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 30th will be paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 3.41%. The ex-dividend date is Friday, June 6th. Maple Leaf Foods's dividend payout ratio is presently 324.76%.

Insider Activity at Maple Leaf Foods

In other Maple Leaf Foods news, Senior Officer Olajumoke Fagbemi sold 3,600 shares of the business's stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of C$26.33, for a total transaction of C$94,788.00. Following the completion of the sale, the insider now directly owns 28 shares of the company's stock, valued at approximately C$737.24. The trade was a 99.23% decrease in their position. 39.87% of the stock is currently owned by corporate insiders.

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.

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