Maple Leaf Foods (TSE:MFI) Director Andrew Gordon Macdonald Purchases 10,000 Shares

Maple Leaf Foods Inc. (TSE:MFI) Director Andrew Gordon Macdonald bought 10,000 shares of the company’s stock in a transaction dated Friday, September 4th. The shares were purchased at an average price of C$26.78 per share, with a total value of C$267,800.00. Following the completion of the acquisition, the director owned 72,200 shares of the company’s stock, valued at C$1,933,516. This trade represents a 16.08% increase in their position.

Maple Leaf Foods Stock Down 0.4%

MFI stock traded down C$0.11 during trading on Friday, hitting C$26.55. 260,215 shares of the stock traded hands, compared to its average volume of 273,168. The company has a debt-to-equity ratio of 97.47, a current ratio of 1.56 and a quick ratio of 0.54. The stock has a market cap of C$3.31 billion, a price-to-earnings ratio of 6.52, a price-to-earnings-growth ratio of 18.07 and a beta of 0.34. Maple Leaf Foods Inc. has a 1 year low of C$23.35 and a 1 year high of C$36.31. The firm’s 50 day moving average is C$28.37 and its two-hundred day moving average is C$29.03.

Maple Leaf Foods (TSE:MFI) last announced its quarterly earnings data on Wednesday, August 12th. The company reported C$0.44 earnings per share for the quarter. The company had revenue of C$1.02 billion during the quarter. Maple Leaf Foods had a net margin of 13.08% and a return on equity of 36.83%. On average, sell-side analysts anticipate that Maple Leaf Foods Inc. will post 1.4334187 EPS for the current year.

Maple Leaf Foods Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 29th will be paid a $0.21 dividend. The ex-dividend date is Tuesday, September 8th. This represents a $0.84 annualized dividend and a dividend yield of 3.2%. Maple Leaf Foods’s payout ratio is currently 20.88%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on MFI shares. Ventum Capital increased their price objective on Maple Leaf Foods from C$37.00 to C$39.00 and gave the company a “buy” rating in a research report on Friday, May 8th. Stifel Nicolaus set a C$36.00 price objective on shares of Maple Leaf Foods and gave the company a “buy” rating in a research report on Thursday, July 9th. Royal Bank Of Canada raised their target price on shares of Maple Leaf Foods from C$33.00 to C$34.00 and gave the stock an “outperform” rating in a report on Friday, May 8th. Scotiabank cut their target price on shares of Maple Leaf Foods from C$36.00 to C$33.00 and set a “sector outperform” rating for the company in a research report on Thursday, August 13th. Finally, Desjardins set a C$39.00 price target on Maple Leaf Foods and gave the company a “buy” rating in a report on Thursday, June 4th. One analyst has rated the stock with a Strong Buy rating and eleven have given a Buy rating to the company’s stock. Based on data from MarketBeat, Maple Leaf Foods currently has a consensus rating of “Buy” and an average target price of C$36.33.

About Maple Leaf Foods

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. The key brands are Maple Leaf and Schneiders, Maple Leaf Prime Naturally, Shopsy, Mitchell’s Gourmet Food, Larse, Parm, and Hygrade.