Insider Selling: Saputo Inc. (SAP) Insider Sells 838 Shares of Stock
Saputo Inc. (TSE:SAP) insider Louise St-Jean sold 838 shares of the business’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of C$43.39, for a total value of C$36,360.82.
Shares of Saputo Inc. (TSE:SAP) traded down 0.58% on Tuesday, reaching $43.18. The company’s stock had a trading volume of 37,710 shares. The stock has a market cap of $16.67 billion and a P/E ratio of 22.61. Saputo Inc. has a 52-week low of $39.74 and a 52-week high of $48.98. The firm’s 50 day moving average is $41.83 and its 200-day moving average is $44.18.
Saputo (TSE:SAP) last released its earnings results on Thursday, June 1st. The company reported $0.42 earnings per share (EPS) for the quarter, missing the Zacks’ 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 firm had revenue of $2.72 billion during the quarter, compared to analysts’ expectations of $2.92 billion. On average, equities research analysts forecast that Saputo Inc. will post $2.04 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Tuesday, September 5th will be given a $0.16 dividend. This is an increase from Saputo’s previous quarterly dividend of $0.15. This represents a $0.64 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date is Thursday, August 31st.
A number of research analysts recently weighed in on SAP shares. National Bank Financial decreased their target price on Saputo from C$48.00 to C$47.00 and set a “sector perform” rating on the stock in a report on Wednesday, July 26th. TD Securities decreased their target price on Saputo from C$49.00 to C$48.00 and set a “hold” rating on the stock in a report on Friday, June 2nd. Royal Bank Of Canada raised Saputo from a “sector perform” rating to an “outperform” rating and set a C$48.00 target price on the stock in a report on Wednesday, July 19th. CIBC decreased their target price on Saputo from C$54.00 to C$51.00 in a report on Friday, June 2nd. Finally, Desjardins raised Saputo from a “hold” rating to a “buy” rating and set a C$47.00 target price on the stock in a report on Friday, June 2nd. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Saputo has an average rating of “Buy” and a consensus price target of C$49.29.
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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