National Bankshares Has Lowered Expectations for Maple Leaf Foods (TSE:MFI) Stock Price

Maple Leaf Foods (TSE:MFI) had its target price decreased by National Bankshares from C$28.00 to C$26.00 in a research note published on Thursday morning,BayStreet.CA reports.

A number of other brokerages have also recently issued reports on MFI. TD Securities reduced their price objective on Maple Leaf Foods from C$35.00 to C$34.00 and set a “buy” rating on the stock in a research note on Thursday. 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. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of C$29.93.

Maple Leaf Foods Stock Up 0.7 %

Shares of TSE:MFI opened at C$22.56 on Thursday. The stock’s 50-day moving average price is C$22.04 and its 200-day moving average price is C$23.00. Maple Leaf Foods has a 12-month low of C$21.05 and a 12-month high of C$27.55. The stock has a market capitalization of C$2.78 billion, a P/E ratio of 250.67, a price-to-earnings-growth ratio of 18.07 and a beta of 0.47. The company has a current ratio of 1.32, a quick ratio of 0.54 and a debt-to-equity ratio of 132.03.

Maple Leaf Foods Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 27th were paid a $0.22 dividend. The ex-dividend date of this dividend was Friday, September 6th. This represents a $0.88 annualized dividend and a dividend yield of 3.90%. Maple Leaf Foods’s payout ratio is presently 977.78%.

Insiders Place Their Bets

In related news, Director Linda Mantia acquired 4,498 shares of the stock in a transaction on Friday, November 15th. The stock was acquired at an average cost of C$22.23 per share, for a total transaction of C$99,990.54. Also, Senior Officer Jonathan David Sawatzky sold 2,600 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of C$21.23, for a total transaction of C$55,198.00. 39.87% of the stock is currently owned by company insiders.

Maple Leaf Foods Company Profile

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.