Maple Leaf Foods (TSE:MFI) Insider Randall Huffman Sells 4,500 Shares

Maple Leaf Foods Inc. (TSE:MFI) insider Randall Huffman sold 4,500 shares of the firm’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of C$29.35, for a total value of C$132,075.00. Following the sale, the insider directly owned 89,044 shares of the company’s stock, valued at C$2,613,441.40. The trade was a 4.81% decrease in their ownership of the stock.

Randall Huffman also recently made the following trade(s):

• On Monday, May 25th, Randall Huffman sold 5,075 shares of Maple Leaf Foods stock. The shares were sold at an average price of C$29.45, for a total value of C$149,458.75.

Maple Leaf Foods Stock Performance

TSE MFI opened at C$29.14 on Wednesday. The company has a market cap of C$3.63 billion, a P/E ratio of 6.92, a P/E/G ratio of 18.07 and a beta of 0.54. The company has a debt-to-equity ratio of 91.78, a current ratio of 1.34 and a quick ratio of 0.54. The stock has a 50-day moving average of C$29.43 and a two-hundred day moving average of C$27.15. Maple Leaf Foods Inc. has a 1-year low of C$23.35 and a 1-year high of C$36.35.

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

Maple Leaf Foods Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 31st were given a $0.21 dividend. The ex-dividend date of this dividend was Monday, March 9th. This represents a $0.84 annualized dividend and a yield of 2.9%. This is an increase from Maple Leaf Foods’s previous quarterly dividend of $0.19. Maple Leaf Foods’s dividend payout ratio is presently 20.90%.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Stifel Nicolaus lifted their target price on Maple Leaf Foods from C$35.00 to C$36.00 and gave the company a “buy” rating in a research report on Friday, May 8th. Scotiabank raised Maple Leaf Foods from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 11th. Ventum Financial set a C$37.00 target price on Maple Leaf Foods and gave the company a “buy” rating in a research report on Wednesday, April 22nd. Canaccord Genuity Group lifted their target price on Maple Leaf Foods from C$37.00 to C$38.00 and gave the company a “buy” rating in a research report on Friday, May 8th. Finally, Royal Bank Of Canada lifted their target price on Maple Leaf Foods from C$33.00 to C$34.00 and gave the company an “outperform” rating in a research report on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the stock. According to data from MarketBeat.com, the company has a consensus 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.