Saputo (TSE:SAP) Director Buys C$158,913.75 in Stock

Saputo Inc. (TSE:SAP) Director Steven Michael Douglas purchased 3,875 shares of the firm’s stock in a transaction dated Tuesday, June 16th. The shares were bought at an average cost of C$41.01 per share, with a total value of C$158,913.75. Following the transaction, the director directly owned 16,792 shares of the company’s stock, valued at approximately C$688,639.92. This represents a 30.00% increase in their position.

Steven Michael Douglas also recently made the following trade(s):

• On Tuesday, June 16th, Steven Michael Douglas purchased 2,000 shares of Saputo stock. The shares were bought at an average cost of C$40.95 per share, with a total value of C$81,900.00.
• On Friday, June 12th, Steven Michael Douglas sold 19,777 shares of Saputo stock. The stock was sold at an average price of C$41.90, for a total transaction of C$828,656.30.
• On Monday, June 15th, Steven Michael Douglas sold 11,991 shares of Saputo stock. The stock was sold at an average price of C$41.83, for a total transaction of C$501,583.53.
• On Monday, June 15th, Steven Michael Douglas sold 5,803 shares of Saputo stock. The stock was sold at an average price of C$41.93, for a total transaction of C$243,319.79.

Saputo Stock Performance

Saputo stock traded down C$0.78 during mid-day trading on Wednesday, reaching C$40.62. The company’s stock had a trading volume of 295,703 shares, compared to its average volume of 1,011,234. The firm has a market cap of C$16.27 billion, a price-to-earnings ratio of 24.92, a PEG ratio of 0.56 and a beta of 0.06. Saputo Inc. has a twelve month low of C$26.35 and a twelve month high of C$45.09. The business has a 50 day moving average price of C$41.19 and a 200-day moving average price of C$41.51. The company has a current ratio of 1.71, a quick ratio of 0.67 and a debt-to-equity ratio of 48.08.

Saputo (TSE:SAP) last issued its earnings results on Thursday, June 4th. The company reported C$0.41 earnings per share for the quarter. The company had revenue of C$3.31 billion for the quarter. Saputo had a net margin of 3.65% and a return on equity of 9.98%. Sell-side analysts predict that Saputo Inc. will post 1.7735369 EPS for the current fiscal year.

Saputo Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Thursday, June 25th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Tuesday, June 16th. Saputo’s dividend payout ratio is 48.47%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on SAP shares. TD dropped their target price on shares of Saputo from C$52.00 to C$51.00 and set a “buy” rating on the stock in a report on Monday, June 8th. Ventum Capital increased their target price on shares of Saputo from C$47.00 to C$48.00 and gave the stock a “buy” rating in a report on Monday, June 8th. Ventum Financial set a C$47.00 price target on shares of Saputo and gave the company a “buy” rating in a report on Wednesday, April 22nd. Finally, National Bank Financial reduced their price target on shares of Saputo from C$46.00 to C$44.00 and set a “sector perform” rating for the company in a report on Wednesday, May 6th. Eight equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of C$46.73.

Saputo Company Profile

Saputo, one of the top ten dairy processors in the world, produces, markets, and distributes a wide array of dairy products of the utmost quality, including cheese, fluid milk, extended shelf-life milk and cream products, cultured products, and dairy ingredients. Saputo is a leading cheese manufacturer and fluid milk and cream processor in Canada and a leading dairy processor in Australia. In the USA, Saputo ranks among the top three cheese producers and is one of the top producers of extended shelf-life and cultured dairy products.