Maple Leaf Foods (TSE:MFI) Director Curtis Eugene Frank Sells 96,191 Shares

Maple Leaf Foods Inc. (TSE:MFI) Director Curtis Eugene Frank sold 96,191 shares of the company’s stock in a transaction dated Monday, May 25th. The shares were sold at an average price of C$29.25, for a total transaction of C$2,813,586.75. Following the sale, the director directly owned 101,469 shares of the company’s stock, valued at C$2,967,968.25. This represents a 48.66% decrease in their ownership of the stock.

Maple Leaf Foods Price Performance

MFI stock opened at C$29.14 on Wednesday. The company has a current ratio of 1.34, a quick ratio of 0.54 and a debt-to-equity ratio of 91.78. Maple Leaf Foods Inc. has a one year low of C$23.35 and a one year high of C$36.35. The firm has a market capitalization of C$3.63 billion, a PE ratio of 6.92, a P/E/G ratio of 18.07 and a beta of 0.54. The firm has a 50-day moving average of C$29.43 and a two-hundred day moving average of C$27.15.

Maple Leaf Foods (TSE:MFI) last posted its quarterly earnings data on Thursday, May 7th. The company reported C$0.34 EPS for the quarter. The company had revenue of C$962.85 million during the quarter. Maple Leaf Foods had a net margin of 12.44% and a return on equity of 36.56%. On average, analysts forecast 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 declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 31st were given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.9%. This is a positive change from Maple Leaf Foods’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Monday, March 9th. Maple Leaf Foods’s payout ratio is currently 20.90%.

Analyst Ratings Changes

MFI has been the subject of a number of research analyst reports. Ventum Capital increased their price target on shares of 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. Canaccord Genuity Group increased their price target on shares of Maple Leaf Foods from C$37.00 to C$38.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. Royal Bank Of Canada increased their price target on shares of 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. Stifel Nicolaus increased their price target on shares of Maple Leaf Foods from C$35.00 to C$36.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. Finally, Scotia increased their price target on shares of 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 equities research analyst has rated the stock with a Strong Buy rating and nine have issued a Buy rating to the company. According to data from MarketBeat.com, Maple Leaf Foods has an average rating of “Buy” and a consensus target price of C$36.09.

Maple Leaf Foods Company Profile

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.