Maple Leaf Foods Inc. (TSE:MFI) Director Purchases C$99,990.54 in Stock

Maple Leaf Foods Inc. (TSE:MFI) Director Linda Mantia bought 4,498 shares of Maple Leaf Foods stock in a transaction dated Friday, November 15th. The shares were bought at an average cost of C$22.23 per share, for a total transaction of C$99,990.54.

Maple Leaf Foods Stock Performance

Shares of Maple Leaf Foods stock opened at C$22.56 on Monday. The company has a market capitalization of C$2.78 billion, a PE ratio of 250.67, a P/E/G ratio of 18.07 and a beta of 0.47. The company has a 50-day simple moving average of C$22.04 and a two-hundred day simple moving average of C$22.99. Maple Leaf Foods Inc. has a one year low of C$21.05 and a one year high of C$27.55. The company has a debt-to-equity ratio of 132.03, a quick ratio of 0.54 and a current ratio of 1.32.

Maple Leaf Foods Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 27th were given a dividend of $0.22 per share. The ex-dividend date was Friday, September 6th. This represents a $0.88 dividend on an annualized basis and a yield of 3.90%. Maple Leaf Foods’s payout ratio is 977.78%.

Analysts Set New Price Targets

A number of brokerages have weighed in on MFI. National Bankshares decreased their target price on Maple Leaf Foods from C$28.00 to C$26.00 in a research report on Thursday. TD Securities decreased their price objective on Maple Leaf Foods from C$35.00 to C$34.00 and set a “buy” rating for the company in a report on Thursday. Finally, CIBC dropped their target price on shares of Maple Leaf Foods from C$31.00 to C$30.00 in a report on Friday, August 9th. Six research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of C$29.93.

About Maple Leaf Foods

Maple Leaf Foods Inc produces food products in the United States, Canada, Japan, China, and internationally. The company operates through Meat Protein Group and Plant Protein Group segments. It 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.