Maple Leaf Foods (TSE:MFI) Insider Randall Huffman Sells 5,075 Shares

Maple Leaf Foods Inc. (TSE:MFI) insider Randall Huffman sold 5,075 shares of the firm’s stock in a transaction on Monday, May 25th. The stock was sold at an average price of C$29.45, for a total value of C$149,458.75. Following the sale, the insider directly owned 89,044 shares of the company’s stock, valued at approximately C$2,622,345.80. This represents a 5.39% decrease in their ownership of the stock.

Randall Huffman also recently made the following trade(s):

• On Friday, May 22nd, Randall Huffman sold 4,500 shares of Maple Leaf Foods stock. The stock was sold at an average price of C$29.35, for a total value of C$132,075.00.

Maple Leaf Foods Price Performance

Shares of MFI traded down C$0.30 during trading hours on Tuesday, hitting C$29.14. 178,860 shares of the company were exchanged, compared to its average volume of 304,238. The company has a market capitalization of C$3.63 billion, a PE ratio of 6.92, a PEG ratio of 18.07 and a beta of 0.54. The company has a debt-to-equity ratio of 91.78, a current ratio of 1.34 and a quick ratio of 0.54. The firm has a fifty day simple moving average of C$29.43 and a 200-day simple moving average of C$27.15. Maple Leaf Foods Inc. has a one year low of C$23.35 and a one year high of C$36.35.

Maple Leaf Foods (TSE:MFI) last released its quarterly earnings data on Thursday, May 7th. The company reported C$0.34 earnings per share for the quarter. The business had revenue of C$962.85 million during the quarter. Maple Leaf Foods had a return on equity of 36.56% and a net margin of 12.44%. As a group, sell-side analysts predict that Maple Leaf Foods Inc. will post 1.4334187 earnings per share for the current year.

Maple Leaf Foods Increases Dividend

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

Wall Street Analyst Weigh In

Several analysts have recently commented on MFI shares. Ventum Financial set a C$37.00 target price on Maple Leaf Foods and gave the stock a “buy” rating in a research report on Wednesday, April 22nd. Scotiabank raised Maple Leaf Foods from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 11th. Ventum Capital raised their target price on Maple Leaf Foods from C$37.00 to C$39.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. Royal Bank Of Canada raised their target price on Maple Leaf Foods from C$33.00 to C$34.00 and gave the stock an “outperform” rating in a research report on Friday, May 8th. Finally, Scotia raised their target price on Maple Leaf Foods from C$32.00 to C$36.00 and gave the stock a “sector outperform” rating in a research report on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of C$36.09.

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.