Insider Selling: Maple Leaf Foods Inc. (TSE:MFI) Senior Officer Sells 700 Shares of Stock

Maple Leaf Foods Inc. (TSE:MFIGet Free Report) Senior Officer Andreas Liris sold 700 shares of the business’s stock in a transaction on Thursday, May 18th. The stock was sold at an average price of C$26.88, for a total value of C$18,816.00.

Maple Leaf Foods Stock Up 0.2 %

Shares of TSE:MFI opened at C$25.96 on Monday. The company has a quick ratio of 0.54, a current ratio of 1.15 and a debt-to-equity ratio of 138.97. Maple Leaf Foods Inc. has a 52-week low of C$22.73 and a 52-week high of C$31.63. The stock’s fifty day simple moving average is C$25.54 and its 200-day simple moving average is C$26.52. The company has a market capitalization of C$3.18 billion, a P/E ratio of -20.12, a P/E/G ratio of 18.07 and a beta of 0.49.

Maple Leaf Foods Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 29th were paid a $0.21 dividend. The ex-dividend date was Thursday, December 7th. This represents a $0.84 annualized dividend and a yield of 3.24%. Maple Leaf Foods’s payout ratio is currently -65.12%.

Analyst Upgrades and Downgrades

MFI has been the topic of a number of research analyst reports. Scotiabank decreased their target price on Maple Leaf Foods from C$37.00 to C$36.00 and set an “outperform” rating on the stock in a research report on Friday, November 3rd. BMO Capital Markets decreased their target price on Maple Leaf Foods from C$33.00 to C$31.00 in a research report on Monday, November 6th. Canaccord Genuity Group reduced their price objective on Maple Leaf Foods from C$39.00 to C$35.00 and set a “buy” rating on the stock in a research report on Friday, November 3rd. CIBC reduced their price objective on Maple Leaf Foods from C$37.00 to C$36.00 and set an “outperform” rating on the stock in a research report on Friday, November 3rd. Finally, Royal Bank of Canada reduced their price objective on Maple Leaf Foods from C$36.00 to C$32.00 and set an “outperform” rating on the stock in a research report on Friday, November 3rd. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of C$33.86.

Read Our Latest Report on MFI

About Maple Leaf Foods

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Maple Leaf Foods Inc produces food products in the United States, Canada, Japan, China, and internationally. The company produces various food products, including prepared meats, ready-to-cook and ready-to-serve meals, fresh pork and poultry, and plant protein products; bacon, hams, wieners, and meat snacks; a variety of delicatessen products; and processed chicken products, such as fully cooked chicken breasts and wings, processed turkey products, specialty sausages, cooked meats, sliced meats, cooked sausage products, lunch kits, and canned meats.

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