Maple Leaf Foods (TSE:MFI) Insider Adam John Grogan Sells 32,063 Shares

Maple Leaf Foods Inc. (TSE:MFI) insider Adam John Grogan sold 32,063 shares of the business’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of C$29.37, for a total transaction of C$941,690.31. Following the completion of the sale, the insider directly owned 41,277 shares of the company’s stock, valued at C$1,212,305.49. The trade was a 43.72% decrease in their position.

Maple Leaf Foods Trading Down 1.0%

TSE MFI opened at C$29.14 on Wednesday. Maple Leaf Foods Inc. has a one year low of C$23.35 and a one year high of C$36.35. The company has a 50-day simple moving average of C$29.43 and a 200-day simple moving average of C$27.15. The company has a debt-to-equity ratio of 91.78, a quick ratio of 0.54 and a current ratio of 1.34. The firm has a market capitalization of C$3.63 billion, a PE ratio of 6.92, a price-to-earnings-growth ratio of 18.07 and a beta of 0.54.

Maple Leaf Foods (TSE:MFI) last posted its quarterly earnings results on Thursday, May 7th. The company reported C$0.34 EPS for the quarter. Maple Leaf Foods had a net margin of 12.44% and a return on equity of 36.56%. The business had revenue of C$962.85 million during the quarter. On average, equities analysts forecast that Maple Leaf Foods Inc. will post 1.4334187 earnings per share for the current year.

Maple Leaf Foods Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 31st were issued a $0.21 dividend. This is a boost from Maple Leaf Foods’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Monday, March 9th. This represents a $0.84 annualized dividend and a dividend yield of 2.9%. Maple Leaf Foods’s dividend payout ratio (DPR) is presently 20.90%.

Analyst Ratings Changes

MFI has been the subject of several research reports. Ventum Capital lifted their price target on shares of Maple Leaf Foods from C$37.00 to C$39.00 and gave the company a “buy” rating in a report on Friday, May 8th. Scotia lifted their price target on shares of Maple Leaf Foods from C$32.00 to C$36.00 and gave the company a “sector outperform” rating in a report on Friday, May 8th. Royal Bank Of Canada lifted their price target on shares of Maple Leaf Foods from C$33.00 to C$34.00 and gave the company an “outperform” rating in a report on Friday, May 8th. Ventum Financial set a C$37.00 price target on shares of Maple Leaf Foods and gave the company a “buy” rating in a report on Wednesday, April 22nd. Finally, Scotiabank raised shares of Maple Leaf Foods from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 11th. One research analyst has rated the stock with a Strong Buy rating and nine have given a Buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of C$36.09.

About Maple Leaf Foods

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.