Saputo Inc. (TSE:SAP) Plans $0.20 Quarterly Dividend

Saputo Inc. (TSE:SAP) announced a quarterly dividend on Tuesday, December 2nd, TickerTech Dividends reports. Investors of record on Friday, December 12th will be paid a dividend of 0.20 per share on Friday, December 12th. This represents a c) dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Tuesday, December 2nd.

Saputo Trading Up 1.4%

TSE:SAP opened at C$39.61 on Friday. The company has a market capitalization of C$16.24 billion, a PE ratio of -198.05, a P/E/G ratio of 0.56 and a beta of 0.07. Saputo has a 52-week low of C$22.59 and a 52-week high of C$39.65. The stock’s 50 day moving average price is C$35.15 and its 200 day moving average price is C$31.47. The company has a quick ratio of 0.67, a current ratio of 1.53 and a debt-to-equity ratio of 51.68.

Saputo (TSE:SAP) last posted its quarterly earnings data on Thursday, November 6th. The company reported C$0.45 earnings per share for the quarter. The business had revenue of C$4.72 billion during the quarter. Saputo had a negative return on equity of 2.20% and a negative net margin of 0.84%. On average, research analysts anticipate that Saputo will post 1.7735369 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. CIBC raised their price objective on shares of Saputo from C$36.00 to C$40.00 in a research report on Monday, November 10th. Desjardins increased their target price on shares of Saputo from C$31.00 to C$36.00 and gave the stock a “buy” rating in a research note on Monday, August 11th. TD Securities raised their price target on Saputo from C$44.00 to C$49.00 and gave the stock a “buy” rating in a report on Friday. National Bankshares boosted their price target on Saputo from C$36.00 to C$38.00 in a research report on Monday, November 10th. Finally, Royal Bank Of Canada increased their price objective on Saputo from C$35.00 to C$37.00 and gave the stock an “outperform” rating in a research report on Friday, August 8th. Six investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$39.25.

About Saputo

Saputo is a global dairy processor domiciled in Canada (28% of fiscal 2022 sales) with operations in the United States (43%), the U.K. (6%), and other international markets (23%). It sells cheese, cream, fluid milk, and other dairy products. In the retail segment (50% of revenue), its mix of brands include Saputo, Armstrong, Cheer, Cathedral City, and Frylight.