Andrew Gordon Macdonald Purchases 10,000 Shares of Maple Leaf Foods (TSE:MFI) Stock

Maple Leaf Foods Inc. (TSE:MFI) Director Andrew Gordon Macdonald purchased 10,000 shares of the business’s stock in a transaction on Friday, September 4th. The shares were purchased at an average price of C$26.78 per share, with a total value of C$267,800.00. Following the acquisition, the director directly owned 72,200 shares in the company, valued at C$1,933,516. This represents a 16.08% increase in their ownership of the stock.

Maple Leaf Foods Stock Performance

TSE:MFI opened at C$26.55 on Monday. The company has a debt-to-equity ratio of 97.47, a current ratio of 1.56 and a quick ratio of 0.54. The company has a market cap of C$3.31 billion, a price-to-earnings ratio of 6.52, a PEG ratio of 18.07 and a beta of 0.34. Maple Leaf Foods Inc. has a 1 year low of C$23.35 and a 1 year high of C$36.31. The stock’s 50 day simple moving average is C$28.37 and its two-hundred day simple moving average is C$29.04.

Maple Leaf Foods (TSE:MFI) last posted its earnings results on Wednesday, August 12th. The company reported C$0.44 earnings per share for the quarter. Maple Leaf Foods had a net margin of 13.08% and a return on equity of 36.83%. The firm had revenue of C$1.02 billion during the quarter. As a group, equities analysts anticipate that Maple Leaf Foods Inc. will post 1.4334187 earnings per share for the current fiscal year.

Maple Leaf Foods Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 29th will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Tuesday, September 8th. Maple Leaf Foods’s payout ratio is presently 20.88%.

Analyst Ratings Changes

MFI has been the subject of a number of recent research reports. Ventum Financial dropped their target price on Maple Leaf Foods from C$39.00 to C$37.00 and set a “buy” rating for the company in a report on Thursday, August 13th. Canadian Imperial Bank of Commerce set a C$36.00 price objective on shares of Maple Leaf Foods and gave the company an “outperformer” rating in a research report on Monday, July 27th. Desjardins set a C$39.00 target price on shares of Maple Leaf Foods and gave the company a “buy” rating in a research note on Thursday, June 4th. TD Securities raised shares of Maple Leaf Foods to a “strong-buy” rating in a research note on Monday, June 22nd. Finally, Stifel Nicolaus set a C$36.00 target price on Maple Leaf Foods and gave the company a “buy” rating in a research note on Thursday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating and eleven have given a Buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of C$36.33.

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.