Saputo Inc. (SAP) Insider Sells C$521,400.00 in Stock
Saputo Inc. (TSE:SAP) insider Patrick Turcotte sold 12,000 shares of Saputo stock in a transaction on Thursday, June 14th. The shares were sold at an average price of C$43.45, for a total value of C$521,400.00.
Shares of Saputo traded up C$0.52, hitting C$43.53, during mid-day trading on Thursday, according to Marketbeat.com. 332,824 shares of the stock traded hands, compared to its average volume of 418,976. Saputo Inc. has a twelve month low of C$39.08 and a twelve month high of C$47.59.
Saputo (TSE:SAP) last released its quarterly earnings data on Thursday, June 7th. The company reported C$0.35 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate 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 firm had revenue of C$2.74 billion for the quarter, compared to analyst estimates of C$2.71 billion.
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.
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