Maple Leaf Foods (TSE:MFI) Insider Andreas Liris Purchases 2,500 Shares

Maple Leaf Foods Inc. (TSE:MFI) insider Andreas Liris purchased 2,500 shares of the stock in a transaction on Wednesday, May 13th. The stock was acquired at an average price of C$28.36 per share, with a total value of C$70,900.00. Following the acquisition, the insider directly owned 15,500 shares in the company, valued at C$439,580. This trade represents a 19.23% increase in their ownership of the stock.

Andreas Liris also recently made the following trade(s):

• On Tuesday, May 12th, Andreas Liris sold 4,870 shares of Maple Leaf Foods stock. The stock was sold at an average price of C$28.70, for a total value of C$139,769.00.

Maple Leaf Foods Trading Up 0.0%

Shares of TSE:MFI traded up C$0.01 during trading on Friday, reaching C$27.94. 78,675 shares of the stock were exchanged, compared to its average volume of 308,776. The company has a debt-to-equity ratio of 91.78, a quick ratio of 0.54 and a current ratio of 1.34. Maple Leaf Foods Inc. has a 12-month low of C$23.35 and a 12-month high of C$36.35. The firm has a market cap of C$3.48 billion, a price-to-earnings ratio of 6.64, a price-to-earnings-growth ratio of 18.07 and a beta of 0.54. The firm’s 50-day moving average price is C$29.33 and its 200 day moving average price is C$27.04.

Maple Leaf Foods (TSE:MFI) last announced its quarterly earnings results on Thursday, May 7th. The company reported C$0.34 earnings per share for the quarter. Maple Leaf Foods had a net margin of 12.44% and a return on equity of 36.56%. The firm had revenue of C$962.85 million during the quarter. On average, sell-side analysts anticipate that Maple Leaf Foods Inc. will post 1.4334187 earnings per share for the current fiscal year.

Maple Leaf Foods Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 31st were given a dividend of $0.21 per share. This is a positive change from Maple Leaf Foods’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Monday, March 9th. This represents a $0.84 dividend on an annualized basis and a yield of 3.0%. Maple Leaf Foods’s dividend payout ratio is currently 20.90%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on MFI. Ventum Financial set a C$37.00 price target on Maple Leaf Foods and gave the stock a “buy” rating in a report on Wednesday, April 22nd. Scotia upped their price target on Maple Leaf Foods from C$32.00 to C$36.00 and gave the stock a “sector outperform” rating in a report on Friday, May 8th. National Bank Financial upped their price target on Maple Leaf Foods from C$35.00 to C$37.00 and gave the stock an “outperform” rating in a report on Friday, May 8th. Scotiabank upgraded Maple Leaf Foods from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 11th. Finally, Royal Bank Of Canada upped their price target on Maple Leaf Foods from C$33.00 to C$34.00 and gave the stock an “outperform” rating in a report on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating and nine have issued a Buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of C$36.09.

Maple Leaf Foods Company Profile

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.