Maple Leaf Foods (TSE:MFI) Shares Cross Above Two Hundred Day Moving Average - Here's What Happened

Maple Leaf Foods Inc. (TSE:MFI - Get Free Report) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$25.15 and traded as high as C$30.48. Maple Leaf Foods shares last traded at C$29.93, with a volume of 118,122 shares traded.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Stifel Canada upgraded shares of Maple Leaf Foods to a "strong-buy" rating in a research note on Monday, June 2nd. TD Securities increased their target price on shares of Maple Leaf Foods from C$38.00 to C$41.00 and gave the stock a "buy" rating in a research report on Tuesday, July 15th. Scotiabank raised shares of Maple Leaf Foods to a "hold" rating in a research note on Tuesday, April 1st. Finally, CIBC boosted their target price on shares of Maple Leaf Foods from C$32.00 to C$38.00 in a research note on Wednesday, July 16th. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of C$33.60.

Maple Leaf Foods Trading Down 1.2%

The firm's 50 day moving average price is C$28.38 and its 200-day moving average price is C$25.28. The stock has a market cap of C$3.69 billion, a P/E ratio of 108.65, a P/E/G 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.

Maple Leaf Foods Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 30th were given a $0.24 dividend. The ex-dividend date was Friday, June 6th. This represents a $0.96 annualized dividend and a yield of 3.26%. Maple Leaf Foods's payout ratio is presently 324.76%.

Insider Activity

In related news, Senior Officer Olajumoke Fagbemi sold 3,600 shares of the firm's stock in a transaction on Friday, May 16th. The shares were sold at an average price of C$26.33, for a total transaction of C$94,788.00. Following the completion of the transaction, the insider directly owned 28 shares of the company's stock, valued at approximately C$737.24. This trade represents a 99.23% decrease in their ownership of the stock. 39.87% of the stock is currently owned by company 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.