Saputo Inc. (TSE:SAP) Director Robert L. Edwards sold 3,160 shares of the stock in a transaction on Tuesday, June 12th. The stock was sold at an average price of C$42.00, for a total transaction of C$132,720.00.

Shares of Saputo traded up C$0.52, hitting C$43.53, during trading hours on Thursday, according to MarketBeat. 336,828 shares of the stock were exchanged, compared to its average volume of 419,604. Saputo Inc. has a one year low of C$39.08 and a one year high of C$47.59.

Saputo (TSE:SAP) last issued its quarterly earnings results on Thursday, June 7th. The company reported C$0.35 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.42 by C($0.07). Saputo had a net margin of 11.15% and a return on equity of 30.30%. The company had revenue of C$2.74 billion during the quarter, compared to the consensus estimate of C$2.71 billion.

Several research analysts have recently commented on the stock. Scotiabank dropped their price target on shares of Saputo from C$57.00 to C$54.00 and set an “outperform” rating on the stock in a research note on Friday, June 8th. Royal Bank of Canada increased their price target on shares of Saputo from C$48.00 to C$49.00 and gave the stock an “outperform” rating in a research note on Friday, June 8th. CIBC dropped their price target on shares of Saputo from C$51.00 to C$50.00 in a research note on Friday, June 8th. Desjardins lowered shares of Saputo from a “buy” rating to a “hold” rating and dropped their price target for the stock from C$48.00 to C$42.00 in a research note on Friday, June 8th. Finally, National Bank Financial dropped their price target on shares of Saputo from C$46.00 to C$45.00 and set a “sector perform” rating on the stock in a research note on Friday, June 8th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of C$46.57.

Saputo Company Profile

Saputo Inc produces, markets, and distributes various dairy products in Canada, the United States, Argentina, and Australia. It offers a range of cheese products, such as mozzarella, American-style, specialty cheeses, cheddar, fine cheeses, and other cheeses; butter; and dairy and non-dairy extended shelf-life products, including cream and creamers, ice cream mixes, whipping creams, aerosol whipped toppings, iced coffee, and value-added milks, as well as cultured products, such as sour cream and cottage cheese.

Insider Buying and Selling by Quarter for Saputo (TSE:SAP)

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