Maple Leaf Foods (TSE:MFI) Insider Randall Huffman Sells 5,075 Shares of Stock

Maple Leaf Foods Inc. (TSE:MFI) insider Randall Huffman sold 5,075 shares of the business’s stock in a transaction on Monday, May 25th. The stock was sold at an average price of C$29.45, for a total value of C$149,458.75. Following the completion of the transaction, the insider directly owned 89,044 shares in the company, valued at approximately C$2,622,345.80. This represents a 5.39% decrease in their position.

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

• On Friday, May 22nd, Randall Huffman sold 4,500 shares of Maple Leaf Foods stock. The stock was sold at an average price of C$29.35, for a total value of C$132,075.00.

Maple Leaf Foods Stock Down 1.0%

MFI stock opened at C$29.14 on Wednesday. The stock’s fifty day simple moving average is C$29.43 and its two-hundred day simple moving average is C$27.15. 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 1-year low of C$23.35 and a 1-year high of C$36.35. The stock 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.

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

Maple Leaf Foods Increases Dividend

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

Analyst Ratings Changes

A number of research analysts have recently commented on MFI shares. National Bank Financial upped their price target on Maple Leaf Foods from C$35.00 to C$37.00 and gave the company an “outperform” rating in a research report on Friday, May 8th. Royal Bank Of Canada boosted their price objective on Maple Leaf Foods from C$33.00 to C$34.00 and gave the company an “outperform” rating in a research note on Friday, May 8th. Scotiabank upgraded Maple Leaf Foods from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 11th. Scotia boosted their price objective on Maple Leaf Foods from C$32.00 to C$36.00 and gave the company a “sector outperform” rating in a research note on Friday, May 8th. Finally, Ventum Financial set a C$37.00 price objective on Maple Leaf Foods and gave the company a “buy” rating in a research note on Wednesday, April 22nd. One equities research analyst has rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the stock. According to MarketBeat.com, Maple Leaf Foods has a consensus rating of “Buy” and a consensus 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.