Maple Leaf Foods (TSE:MFI) Given New C$34.00 Price Target at TD Securities

Maple Leaf Foods (TSE:MFI) had its price objective decreased by TD Securities from C$35.00 to C$34.00 in a research report released on Thursday morning,BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

Other equities research analysts have also issued research reports about the stock. National Bankshares lowered their target price on shares of Maple Leaf Foods from C$29.00 to C$28.00 in a report on Friday, August 9th. CIBC decreased their price objective on shares of Maple Leaf Foods from C$31.00 to C$30.00 in a research note on Friday, August 9th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of C$29.93.

Maple Leaf Foods Stock Performance

TSE:MFI opened at C$22.56 on Thursday. The firm has a market capitalization of C$2.78 billion, a PE ratio of 250.67, a PEG ratio of 18.07 and a beta of 0.47. The stock’s fifty day moving average is C$22.04 and its 200 day moving average is C$22.99. Maple Leaf Foods has a fifty-two week low of C$21.05 and a fifty-two 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 27th were given a $0.22 dividend. The ex-dividend date of this dividend was Friday, September 6th. This represents a $0.88 annualized dividend and a yield of 3.90%. Maple Leaf Foods’s dividend payout ratio (DPR) is 977.78%.

Insiders Place Their Bets

In other Maple Leaf Foods news, Senior Officer Jonathan David Sawatzky sold 2,600 shares of the company’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of C$21.23, for a total value of C$55,198.00. Also, Director Linda Mantia purchased 4,498 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were purchased at an average cost of C$22.23 per share, for a total transaction of C$99,990.54. Insiders own 39.87% of the company’s stock.

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.