Maple Leaf Foods (TSE:MFI) Sets New 12-Month Low – Time to Sell?

Maple Leaf Foods Inc. (TSE:MFI)’s stock price hit a new 52-week low on Monday . The stock traded as low as C$19.94 and last traded at C$19.95, with a volume of 64621 shares trading hands. The stock had previously closed at C$20.12.

Analysts Set New Price Targets

Several analysts have recently commented on the company. TD Securities reduced their price target on Maple Leaf Foods from C$35.00 to C$34.00 and set a “buy” rating for the company in a report on Thursday, November 14th. National Bankshares cut their price objective on Maple Leaf Foods from C$28.00 to C$26.00 in a research report on Thursday, November 14th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of C$29.93.

Maple Leaf Foods Stock Performance

The firm has a market cap of C$2.46 billion, a P/E ratio of 221.89, a price-to-earnings-growth ratio of 18.07 and a beta of 0.47. The stock’s fifty day simple moving average is C$22.00. The company has a debt-to-equity ratio of 132.03, a current ratio of 1.32 and a quick ratio of 0.54.

Maple Leaf Foods Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 4.41%. The ex-dividend date of this dividend is Friday, December 6th. Maple Leaf Foods’s dividend payout ratio (DPR) is 977.78%.

Insider Buying and Selling

In other Maple Leaf Foods news, Director Linda Mantia bought 4,498 shares of the business’s stock in a transaction dated Friday, November 15th. The shares were acquired at an average price of C$22.23 per share, with a total value of C$99,990.54. Corporate 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.