Olajumoke Fagbemi Purchases 2,651 Shares of Maple Leaf Foods (TSE:MFI) Stock

Maple Leaf Foods Inc. (TSE:MFI) insider Olajumoke Fagbemi bought 2,651 shares of Maple Leaf Foods stock in a transaction on Wednesday, August 27th. The shares were purchased at an average cost of C$35.71 per share, for a total transaction of C$94,665.62. Following the acquisition, the insider owned 2,679 shares in the company, valued at C$95,665.48. The trade was a 9,467.86% increase in their ownership of the stock.

Maple Leaf Foods Trading Up 1.6%

TSE MFI opened at C$36.13 on Thursday. The company has a debt-to-equity ratio of 130.19, a quick ratio of 0.54 and a current ratio of 1.26. Maple Leaf Foods Inc. has a one year low of C$19.61 and a one year high of C$36.35. The company has a 50-day simple moving average of C$32.30 and a 200-day simple moving average of C$28.08. The firm has a market capitalization of C$4.48 billion, a PE ratio of 25.09, a price-to-earnings-growth ratio of 18.07 and a beta of 0.82.

Maple Leaf Foods Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Monday, September 29th will be given a dividend of $0.24 per share. The ex-dividend date is Friday, September 5th. This represents a $0.96 annualized dividend and a dividend yield of 2.7%. Maple Leaf Foods’s payout ratio is currently 63.89%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Royal Bank Of Canada boosted their price objective on Maple Leaf Foods from C$35.00 to C$38.00 and gave the stock an “outperform” rating in a research note on Friday, August 8th. Stifel Nicolaus upped their price target on shares of Maple Leaf Foods from C$36.50 to C$40.50 and gave the company a “buy” rating in a report on Friday, August 8th. TD Securities lifted their price objective on shares of Maple Leaf Foods from C$42.00 to C$47.00 and gave the stock a “buy” rating in a research note on Tuesday. National Bankshares increased their target price on shares of Maple Leaf Foods from C$31.00 to C$36.00 and gave the company an “outperform” rating in a research note on Friday, August 8th. Finally, Stifel Canada upgraded shares of Maple Leaf Foods to a “strong-buy” rating in a report on Monday, June 2nd. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of C$38.07.

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.