Maple Leaf Foods (TSE:MFI) Reaches New 1-Year High - What's Next?

Maple Leaf Foods Inc. (TSE:MFI - Get Free Report) hit a new 52-week high during trading on Tuesday . The stock traded as high as C$30.00 and last traded at C$29.87, with a volume of 61223 shares. The stock had previously closed at C$29.77.

Wall Street Analyst Weigh In

Several research analysts have commented on MFI shares. CIBC boosted their target price on Maple Leaf Foods from C$32.00 to C$38.00 in a research note on Wednesday. TD Securities boosted their price target on Maple Leaf Foods from C$38.00 to C$41.00 and gave the stock a "buy" rating in a report on Tuesday. Scotiabank upgraded Maple Leaf Foods to a "hold" rating in a report on Tuesday, April 1st. Finally, Stifel Canada upgraded Maple Leaf Foods to a "strong-buy" rating in a report on Monday, June 2nd. 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 an average target price of C$33.60.

Maple Leaf Foods Stock Performance

The company has a market capitalization of C$3.81 billion, a P/E ratio of 112.30, a PEG ratio of 18.07 and a beta of 0.47. The company has a debt-to-equity ratio of 130.19, a current ratio of 1.26 and a quick ratio of 0.54. The company has a fifty day moving average price of C$27.96 and a two-hundred day moving average price of C$24.88.

Maple Leaf Foods Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 30th were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 3.15%. The ex-dividend date of this dividend was Friday, June 6th. Maple Leaf Foods's payout ratio is presently 324.76%.

Insider Buying and Selling

In related news, Senior Officer Olajumoke Fagbemi sold 3,600 shares of the company'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 value of C$94,788.00. Following the sale, the insider directly owned 28 shares in the company, valued at C$737.24. This represents a 99.23% decrease in their ownership of the stock. 39.87% of the stock is owned by insiders.

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.