Maple Leaf Foods (TSE:MFI) Given New C$41.00 Price Target at TD Securities

Maple Leaf Foods (TSE:MFI - Free Report) had its price objective increased by TD Securities from C$38.00 to C$41.00 in a research report sent to investors on Tuesday,BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

A number of other research analysts have also recently issued reports on the stock. Scotiabank upgraded shares of Maple Leaf Foods to a "hold" rating in a report on Tuesday, April 1st. Stifel Canada raised shares of Maple Leaf Foods to a "strong-buy" rating in a research report on Monday, June 2nd. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of C$33.60.

Maple Leaf Foods Trading Up 0.1%

TSE MFI traded up C$0.03 during mid-day trading on Tuesday, reaching C$30.37. 109,882 shares of the stock were exchanged, compared to its average volume of 209,765. 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 stock has a market cap of C$3.80 billion, a P/E ratio of 112.08, a P/E/G ratio of 18.07 and a beta of 0.47. The stock has a 50 day simple moving average of C$28.03 and a 200-day simple moving average of C$24.95. Maple Leaf Foods has a one year low of C$19.61 and a one year high of C$30.70.

Maple Leaf Foods Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 30th were given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 3.16%. The ex-dividend date of this dividend was Friday, June 6th. Maple Leaf Foods's dividend payout ratio (DPR) is currently 324.76%.

Insider Buying and Selling

In related news, Senior Officer Olajumoke Fagbemi sold 3,600 shares of the business's stock in a transaction that occurred 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 owned 28 shares of the company's stock, valued at approximately C$737.24. The trade was a 99.23% decrease in their ownership of the stock. Corporate insiders own 39.87% of the company's stock.

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.