Brokerages Set Maple Leaf Foods Inc. (TSE:MFI) PT at C$30.36

Maple Leaf Foods Inc. (TSE:MFI) has been given an average rating of “Buy” by the six analysts that are currently covering the firm, MarketBeat Ratings reports. Six analysts have rated the stock with a buy rating. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is C$30.36.

MFI has been the subject of several recent research reports. TD Securities dropped their target price on shares of Maple Leaf Foods from C$36.00 to C$35.00 in a research report on Friday, August 9th. National Bankshares dropped their price objective on Maple Leaf Foods from C$29.00 to C$28.00 in a report on Friday, August 9th. Finally, CIBC cut their target price on Maple Leaf Foods from C$31.00 to C$30.00 in a research note on Friday, August 9th.

Maple Leaf Foods Stock Up 1.3 %

Shares of MFI opened at C$21.34 on Wednesday. The business’s fifty day moving average price is C$22.11 and its two-hundred day moving average price is C$23.09. The firm has a market capitalization of C$2.63 billion, a price-to-earnings ratio of 237.11, a PEG ratio of 18.07 and a beta of 0.47. Maple Leaf Foods has a 52 week low of C$21.05 and a 52 week high of C$27.55. The company has a debt-to-equity ratio of 132.03, a quick ratio of 0.54 and a current ratio of 1.32.

Maple Leaf Foods (TSE:MFI) last posted its quarterly earnings results on Thursday, August 8th. The company reported C$0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.17 by C$0.01. The business had revenue of C$1.26 billion for the quarter, compared to analysts’ expectations of C$1.27 billion. Maple Leaf Foods had a return on equity of 0.75% and a net margin of 0.24%. On average, analysts predict that Maple Leaf Foods will post 1.4334187 earnings per share for the current year.

Maple Leaf Foods Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 27th were issued a dividend of $0.22 per share. The ex-dividend date of this dividend was Friday, September 6th. This represents a $0.88 annualized dividend and a yield of 4.12%. Maple Leaf Foods’s dividend payout ratio is presently 977.78%.

Insider Buying and Selling at Maple Leaf Foods

In other news, Senior Officer Iain William Stewart sold 5,000 shares of Maple Leaf Foods stock in a transaction dated Monday, August 12th. The stock was sold at an average price of C$22.90, for a total transaction of C$114,500.00. In other news, Senior Officer Iain William Stewart sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of C$22.90, for a total value of C$114,500.00. Also, Senior Officer Jonathan David Sawatzky sold 2,600 shares of the firm’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of C$21.23, for a total transaction of C$55,198.00. Insiders own 39.87% of the company’s stock.

About Maple Leaf Foods

Maple Leaf Foods Inc produces food products in the United States, Canada, Japan, China, and internationally. The company operates through Meat Protein Group and Plant Protein Group segments. It produces various food products, including prepared meats, ready-to-cook and ready-to-serve meals, fresh pork and poultry, and plant protein products; bacon, hams, wieners, and meat snacks; a variety of delicatessen products; and processed chicken products, such as fully cooked chicken breasts and wings, processed turkey products, specialty sausages, cooked meats, sliced meats, cooked sausage products, lunch kits, and canned meats.