Saputo (TSE:SAP) Director Steven Michael Douglas Purchases 3,875 Shares

Saputo Inc. (TSE:SAP) Director Steven Michael Douglas purchased 3,875 shares of the business’s stock in a transaction that occurred on Tuesday, June 16th. The stock was acquired at an average price of C$41.01 per share, for a total transaction of C$158,913.75. Following the acquisition, the director directly owned 16,792 shares of the company’s stock, valued at C$688,639.92. This trade represents a 30.00% increase in their position.

Steven Michael Douglas also recently made the following trade(s):

• On Tuesday, June 16th, Steven Michael Douglas purchased 2,000 shares of Saputo stock. The stock was acquired at an average price of C$40.95 per share, for a total transaction of C$81,900.00.
• On Friday, June 12th, Steven Michael Douglas sold 19,777 shares of Saputo stock. The shares were sold at an average price of C$41.90, for a total transaction of C$828,656.30.
• On Monday, June 15th, Steven Michael Douglas sold 11,991 shares of Saputo stock. The shares were sold at an average price of C$41.83, for a total transaction of C$501,583.53.
• On Monday, June 15th, Steven Michael Douglas sold 5,803 shares of Saputo stock. The stock was sold at an average price of C$41.93, for a total transaction of C$243,319.79.

Saputo Stock Down 1.9%

Shares of TSE SAP traded down C$0.78 during trading on Wednesday, reaching C$40.62. 295,703 shares of the stock were exchanged, compared to its average volume of 1,011,234. The business’s 50-day moving average price is C$41.19 and its 200 day moving average price is C$41.51. Saputo Inc. has a twelve month low of C$26.35 and a twelve month high of C$45.09. The company has a quick ratio of 0.67, a current ratio of 1.71 and a debt-to-equity ratio of 48.08. The company has a market capitalization of C$16.27 billion, a price-to-earnings ratio of 24.92, a price-to-earnings-growth ratio of 0.56 and a beta of 0.06.

Saputo (TSE:SAP) last posted its earnings results on Thursday, June 4th. The company reported C$0.41 EPS for the quarter. Saputo had a net margin of 3.65% and a return on equity of 9.98%. The business had revenue of C$3.31 billion for the quarter. As a group, equities analysts forecast that Saputo Inc. will post 1.7735369 EPS for the current fiscal year.

Saputo Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Thursday, June 25th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Tuesday, June 16th. Saputo’s payout ratio is presently 48.47%.

Analysts Set New Price Targets

A number of research firms have recently commented on SAP. National Bank Financial reduced their target price on shares of Saputo from C$46.00 to C$44.00 and set a “sector perform” rating on the stock in a research report on Wednesday, May 6th. TD reduced their target price on shares of Saputo from C$52.00 to C$51.00 and set a “buy” rating on the stock in a research report on Monday, June 8th. Ventum Financial set a C$47.00 target price on shares of Saputo and gave the stock a “buy” rating in a research report on Wednesday, April 22nd. Finally, Ventum Capital raised their price target on shares of Saputo from C$47.00 to C$48.00 and gave the stock a “buy” rating in a research report on Monday, June 8th. Eight research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Saputo currently has a consensus rating of “Moderate Buy” and a consensus target price of C$46.73.

Saputo Company Profile

Saputo, one of the top ten dairy processors in the world, produces, markets, and distributes a wide array of dairy products of the utmost quality, including cheese, fluid milk, extended shelf-life milk and cream products, cultured products, and dairy ingredients. Saputo is a leading cheese manufacturer and fluid milk and cream processor in Canada and a leading dairy processor in Australia. In the USA, Saputo ranks among the top three cheese producers and is one of the top producers of extended shelf-life and cultured dairy products.