Saputo Inc. (SAP) Director Acquires C$12,930.00 in Stock
Saputo Inc. (TSE:SAP) Director Karen Kinsley purchased 300 shares of the company’s stock in a transaction dated Tuesday, August 8th. The shares were bought at an average price of C$43.10 per share, for a total transaction of C$12,930.00.
Shares of Saputo Inc. (TSE SAP) traded down 1.10% during trading on Tuesday, reaching $43.16. The company’s stock had a trading volume of 623,552 shares. Saputo Inc. has a 12 month low of $39.74 and a 12 month high of $48.98. The company has a market capitalization of $16.67 billion and a P/E ratio of 22.60. The company’s 50-day moving average is $41.67 and its 200-day moving average is $44.43.
Saputo (TSE:SAP) last posted its quarterly earnings data on Thursday, June 1st. The company reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.48 by $0.06. Saputo had a return on equity of 18.57% and a net margin of 6.93%. The company had revenue of $2.72 billion during the quarter, compared to the consensus estimate of $2.92 billion. On average, analysts forecast that Saputo Inc. will post $2.04 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Tuesday, September 5th will be given a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 1.48%. The ex-dividend date of this dividend is Thursday, August 31st. This is a boost from Saputo’s previous quarterly dividend of $0.15.
SAP has been the topic of several analyst reports. TD Securities upgraded Saputo from a “hold” rating to a “buy” rating and raised their target price for the company from C$48.00 to C$49.00 in a research report on Wednesday, August 2nd. National Bank Financial decreased their price target on Saputo from C$48.00 to C$47.00 and set a “sector perform” rating for the company in a research note on Wednesday, July 26th. Royal Bank Of Canada decreased their price target on Saputo from C$50.00 to C$48.00 and set a “sector perform” rating for the company in a research note on Friday, June 2nd. CIBC decreased their price target on Saputo from C$54.00 to C$51.00 in a research note on Friday, June 2nd. Finally, Desjardins raised Saputo from a “hold” rating to a “buy” rating and set a C$47.00 price target for the company in a research note on Friday, June 2nd. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Saputo currently has an average rating of “Buy” and a consensus target price of C$49.29.
Saputo Company Profile
Saputo Inc produces, markets and distributes dairy products, including cheese, fluid milk, extended shelf-life milk and cream products, cultured products and dairy ingredients. The Company has three geographic sectors. The Canada Sector consists of Dairy Division (Canada). The USA Sector aggregates the Cheese Division (USA) and the Dairy Foods Division (USA).
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