Saputo Inc. (TSE:SAP - Get Free Report) declared a quarterly dividend on Tuesday, June 17th, TickerTech Dividends reports. Investors of record on Thursday, June 26th will be paid a dividend of 0.19 per share on Thursday, June 26th. This represents a $0.76 annualized dividend and a yield of 2.85%. The ex-dividend date of this dividend is Tuesday, June 17th.
Saputo Stock Performance
Saputo stock remained flat at C$26.66 during midday trading on Wednesday. The company had a trading volume of 695,278 shares, compared to its average volume of 709,141. The stock has a market capitalization of C$11.24 billion, a PE ratio of -71.38, a PEG ratio of 0.56 and a beta of 0.32. Saputo has a 52-week low of C$22.59 and a 52-week high of C$32.15. The company has a debt-to-equity ratio of 51.68, a current ratio of 1.53 and a quick ratio of 0.67. The firm has a fifty day moving average price of C$26.23 and a 200-day moving average price of C$25.35.
Analyst Ratings Changes
A number of analysts recently weighed in on the stock. TD Securities decreased their price target on shares of Saputo from C$37.00 to C$35.00 and set a "buy" rating for the company in a research report on Friday, March 28th. National Bankshares boosted their price objective on Saputo from C$28.00 to C$29.00 and gave the stock an "outperform" rating in a research note on Monday, June 9th. Finally, Scotiabank lowered their target price on Saputo from C$30.00 to C$29.00 and set an "outperform" rating for the company in a research note on Monday, June 9th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Saputo currently has an average rating of "Moderate Buy" and a consensus price target of C$30.88.
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About Saputo
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Saputo Inc produces, markets, and distributes dairy products in Canada, the United States, Argentina, Australia, and the United Kingdom. The company offers cheeses, including mozzarella and cheddar; specialty cheeses, such as ricotta, provolone, blue, parmesan, goat cheese, feta, romano, and havarti; fine cheeses comprising brie and camembert; and other cheeses that include brick, colby, farmer, munster, monterey jack, fresh curd, and processed cheeses.
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