Maple Leaf Foods Inc (MFI) Senior Officer Sells C$108,159.20 in Stock

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Maple Leaf Foods Inc (TSE:MFI) Senior Officer Glen Lucien Gratton sold 4,000 shares of the business’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of C$27.04, for a total value of C$108,159.20. Following the sale, the insider now owns 10,767 shares in the company, valued at C$291,137.53.

Maple Leaf Foods stock opened at C$29.10 on Wednesday. The company has a current ratio of 1.51, a quick ratio of 0.51 and a debt-to-equity ratio of 21.29. The company has a market capitalization of $3.35 billion and a P/E ratio of 36.84. Maple Leaf Foods Inc has a one year low of C$26.05 and a one year high of C$34.68.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Friday, March 29th will be paid a $0.145 dividend. This is a positive change from Maple Leaf Foods’s previous quarterly dividend of $0.13. This represents a $0.58 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date is Thursday, March 14th. Maple Leaf Foods’s payout ratio is currently 73.42%.

Several research firms have recently weighed in on MFI. TD Securities upgraded Maple Leaf Foods from a “buy” rating to an “action list buy” rating and set a C$39.00 price target on the stock in a report on Tuesday. CIBC cut their price objective on Maple Leaf Foods from C$37.00 to C$36.00 in a research note on Wednesday, November 28th. Finally, Canaccord Genuity lifted their price objective on Maple Leaf Foods from C$36.00 to C$38.00 in a research note on Tuesday, November 27th.

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About Maple Leaf Foods

Maple Leaf Foods Inc operates as a consumer protein company. It produces various food products, including offers prepared meats, ready-to-cook and ready-to-serve meals, fresh pork, poultry, turkey, and plant protein products. The company offers its products under various brands, including Maple Leaf, Maple Leaf Prime, Maple Leaf Natural Selections, Schneiders, Schneiders Country Naturals, Mina, and Lightlife.

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Insider Buying and Selling by Quarter for Maple Leaf Foods (TSE:MFI)

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