Saputo (TSE:SAP) Director Maxime Therrien Sells 19,601 Shares of Stock

Saputo Inc. (TSE:SAP) Director Maxime Therrien sold 19,601 shares of the stock in a transaction that occurred on Friday, June 26th. The shares were sold at an average price of C$42.06, for a total value of C$824,418.06. Following the completion of the sale, the director directly owned 64,213 shares of the company’s stock, valued at approximately C$2,700,798.78. The trade was a 23.39% decrease in their position.

Maxime Therrien also recently made the following trade(s):

• On Friday, June 26th, Maxime Therrien sold 14,712 shares of Saputo stock. The stock was sold at an average price of C$42.08, for a total transaction of C$619,080.96.

Saputo Stock Up 0.5%

SAP traded up C$0.21 during trading on Friday, reaching C$42.52. 489,464 shares of the stock were exchanged, compared to its average volume of 1,023,211. The company has a debt-to-equity ratio of 48.08, a quick ratio of 0.67 and a current ratio of 1.71. The stock’s 50 day moving average price is C$40.92 and its two-hundred day moving average price is C$41.61. Saputo Inc. has a twelve month low of C$26.96 and a twelve month high of C$45.09. The stock has a market cap of C$17.03 billion, a P/E ratio of 26.09, a price-to-earnings-growth ratio of 0.56 and a beta of 0.06.

Saputo (TSE:SAP) last announced its quarterly earnings results on Thursday, June 4th. The company reported C$0.41 EPS for the quarter. The firm had revenue of C$3.31 billion during the quarter. Saputo had a net margin of 3.65% and a return on equity of 9.98%. Equities analysts expect that Saputo Inc. will post 1.7735369 EPS for the current year.

Saputo Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Thursday, June 25th were issued a dividend of $0.20 per share. The ex-dividend date was Tuesday, June 16th. This represents a $0.80 dividend on an annualized basis and a yield of 1.9%. Saputo’s dividend payout ratio (DPR) is presently 48.47%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on SAP shares. TD cut their price objective on Saputo from C$52.00 to C$51.00 and set a “buy” rating for the company in a research report on Monday, June 8th. TD Securities raised Saputo to a “strong-buy” rating in a report on Monday. Ventum Financial set a C$47.00 price target on Saputo and gave the company a “buy” rating in a research note on Wednesday, April 22nd. National Bank Financial reduced their price objective on shares of Saputo from C$46.00 to C$44.00 and set a “sector perform” rating for the company in a research report on Wednesday, May 6th. Finally, Ventum Capital upped their price objective on shares of Saputo from C$47.00 to C$48.00 and gave the company a “buy” rating in a report on Monday, June 8th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of C$46.73.

About Saputo

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.