Leanne Cutts Buys 4,000 Shares of Saputo Inc. (TSE:SAP) Stock

Saputo Inc. (TSE:SAP) Senior Officer Leanne Cutts bought 4,000 shares of Saputo stock in a transaction on Wednesday, November 27th. The shares were acquired at an average cost of C$26.25 per share, for a total transaction of C$105,000.00.

Saputo Trading Up 0.9 %

TSE:SAP opened at C$26.10 on Friday. The firm’s fifty day moving average is C$27.42 and its 200-day moving average is C$29.00. The company has a debt-to-equity ratio of 53.17, a quick ratio of 0.67 and a current ratio of 1.59. Saputo Inc. has a 52 week low of C$25.28 and a 52 week high of C$32.15. The firm has a market cap of C$11.08 billion, a P/E ratio of 41.43, a P/E/G ratio of 0.56 and a beta of 0.32.

Saputo Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 20th will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.91%. Saputo’s payout ratio is presently 120.63%.

Analyst Upgrades and Downgrades

SAP has been the topic of a number of research reports. BMO Capital Markets lowered shares of Saputo from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from C$35.00 to C$30.00 in a report on Tuesday, October 15th. Royal Bank of Canada reduced their price objective on shares of Saputo from C$39.00 to C$38.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 29th. National Bankshares reduced their price objective on shares of Saputo from C$36.00 to C$35.00 and set an “outperform” rating on the stock in a research note on Monday, August 12th. TD Securities reduced their price objective on shares of Saputo from C$38.00 to C$37.00 in a research note on Monday, November 11th. Finally, Desjardins set a C$34.00 price objective on shares of Saputo in a research note on Monday, November 11th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$34.50.

Saputo Company Profile

Saputo Inc produces, markets, and distributes dairy products in Canada, the United States, Argentina, Australia, and the United Kingdom. The company offers cheeses, including mozzarella and cheddar; specialty cheeses, such as ricotta, provolone, blue, parmesan, goat cheese, feta, romano, and havarti; fine cheeses comprising brie and camembert; and other cheeses that include brick, colby, farmer, munster, monterey jack, fresh curd, and processed cheeses.