Jonathan Wallace Ferguson Mccain Purchases 7,500 Shares of Maple Leaf Foods (TSE:MFI) Stock

Maple Leaf Foods Inc. (TSE:MFI) Director Jonathan Wallace Ferguson Mccain purchased 7,500 shares of Maple Leaf Foods stock in a transaction dated Thursday, May 14th. The stock was bought at an average price of C$27.92 per share, with a total value of C$209,400.00. Following the completion of the purchase, the director directly owned 148,000 shares of the company’s stock, valued at approximately C$4,132,160. This trade represents a 5.34% increase in their ownership of the stock.

Jonathan Wallace Ferguson Mccain also recently made the following trade(s):

• On Thursday, May 14th, Jonathan Wallace Ferguson Mccain bought 400 shares of Maple Leaf Foods stock. The shares were acquired at an average price of C$27.88 per share, with a total value of C$11,152.00.
• On Thursday, May 14th, Jonathan Wallace Ferguson Mccain bought 100 shares of Maple Leaf Foods stock. The shares were acquired at an average price of C$27.90 per share, with a total value of C$2,790.00.
• On Thursday, May 14th, Jonathan Wallace Ferguson Mccain bought 2,000 shares of Maple Leaf Foods stock. The shares were acquired at an average price of C$27.93 per share, with a total value of C$55,860.00.

Maple Leaf Foods Price Performance

Shares of MFI traded up C$0.53 during mid-day trading on Tuesday, reaching C$28.53. The stock had a trading volume of 142,158 shares, compared to its average volume of 307,847. The business has a fifty day moving average of C$29.35 and a 200 day moving average of C$27.04. The company has a debt-to-equity ratio of 91.78, a quick ratio of 0.54 and a current ratio of 1.34. The firm has a market cap of C$3.55 billion, a price-to-earnings ratio of 6.78, a PEG ratio of 18.07 and a beta of 0.54. Maple Leaf Foods Inc. has a 12 month low of C$23.35 and a 12 month high of C$36.35.

Maple Leaf Foods (TSE:MFI) last released its earnings results on Thursday, May 7th. The company reported C$0.34 EPS for the quarter. The firm had revenue of C$962.85 million for the quarter. Maple Leaf Foods had a net margin of 12.44% and a return on equity of 36.56%. Equities analysts predict that Maple Leaf Foods Inc. will post 1.4334187 EPS for the current year.

Maple Leaf Foods Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 31st were paid a $0.21 dividend. The ex-dividend date was Monday, March 9th. This represents a $0.84 dividend on an annualized basis and a yield of 2.9%. This is an increase from Maple Leaf Foods’s previous quarterly dividend of $0.19. Maple Leaf Foods’s payout ratio is currently 20.90%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on MFI shares. Scotiabank raised shares of Maple Leaf Foods from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 11th. Ventum Capital raised their target price on shares of Maple Leaf Foods from C$37.00 to C$39.00 and gave the company a “buy” rating in a research report on Friday, May 8th. Canaccord Genuity Group raised their target price on shares of Maple Leaf Foods from C$37.00 to C$38.00 and gave the company a “buy” rating in a research report on Friday, May 8th. National Bank Financial raised their target price on shares of Maple Leaf Foods from C$35.00 to C$37.00 and gave the company an “outperform” rating in a research report on Friday, May 8th. Finally, Stifel Nicolaus boosted their price target on Maple Leaf Foods from C$35.00 to C$36.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating and nine have given a Buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of C$36.09.

About Maple Leaf Foods

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.