Maple Leaf Foods (TSE:MFI) Director Jonathan Wallace Ferguson Mccain Acquires 7,500 Shares

Maple Leaf Foods Inc. (TSE:MFI) Director Jonathan Wallace Ferguson Mccain bought 7,500 shares of the company’s stock in a transaction dated Thursday, May 14th. The stock was bought at an average cost of C$27.92 per share, with a total value of C$209,400.00. Following the completion of the transaction, the director owned 148,000 shares in the company, valued at approximately C$4,132,160. This trade represents a 5.34% increase in their position.

Jonathan Wallace Ferguson Mccain also recently made the following trade(s):

• On Thursday, May 14th, Jonathan Wallace Ferguson Mccain bought 400 shares of Maple Leaf Foods stock. The stock was bought at an average cost of C$27.88 per share, with a total value of C$11,152.00.
• On Thursday, May 14th, Jonathan Wallace Ferguson Mccain bought 100 shares of Maple Leaf Foods stock. The stock was bought at an average cost of C$27.90 per share, with a total value of C$2,790.00.
• On Thursday, May 14th, Jonathan Wallace Ferguson Mccain bought 2,000 shares of Maple Leaf Foods stock. The stock was bought at an average cost of C$27.93 per share, with a total value of C$55,860.00.

Maple Leaf Foods Trading Up 1.9%

Shares of TSE:MFI traded up C$0.53 on Tuesday, hitting C$28.53. The company had a trading volume of 142,158 shares, compared to its average volume of 307,847. The firm’s 50-day simple moving average is C$29.35 and its two-hundred day simple moving average is C$27.04. Maple Leaf Foods Inc. has a 1 year low of C$23.35 and a 1 year high of C$36.35. The company has a quick ratio of 0.54, a current ratio of 1.34 and a debt-to-equity ratio of 91.78. The firm has a market capitalization of C$3.55 billion, a price-to-earnings ratio of 6.78, a P/E/G ratio of 18.07 and a beta of 0.54.

Maple Leaf Foods (TSE:MFI) last posted its earnings results on Thursday, May 7th. The company reported C$0.34 EPS for the quarter. Maple Leaf Foods had a net margin of 12.44% and a return on equity of 36.56%. The firm had revenue of C$962.85 million during the quarter. Equities analysts anticipate that Maple Leaf Foods Inc. will post 1.4334187 earnings per share for the current fiscal year.

Maple Leaf Foods Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 31st were given a dividend of $0.21 per share. This is an increase from Maple Leaf Foods’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Monday, March 9th. This represents a $0.84 dividend on an annualized basis and a yield of 2.9%. Maple Leaf Foods’s dividend payout ratio is 20.90%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on MFI. National Bank Financial lifted their price target on shares of Maple Leaf Foods from C$35.00 to C$37.00 and gave the company an “outperform” rating in a research report on Friday, May 8th. Stifel Nicolaus lifted their price target on shares of Maple Leaf Foods from C$35.00 to C$36.00 and gave the company a “buy” rating in a research report on Friday, May 8th. Scotiabank raised shares of Maple Leaf Foods from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 11th. Royal Bank Of Canada lifted their price target on shares of Maple Leaf Foods from C$33.00 to C$34.00 and gave the company an “outperform” rating in a research report on Friday, May 8th. Finally, Ventum Capital raised their price objective on shares of Maple Leaf Foods from C$37.00 to C$39.00 and gave the company a “buy” rating in a research note on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating and nine have issued a Buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of C$36.09.

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