Maple Leaf Foods (TSE:MFI) Hits New 52-Week Low – Here’s Why

Maple Leaf Foods Inc. (TSE:MFI) reached a new 52-week low during trading on Wednesday . The company traded as low as C$21.01 and last traded at C$21.01, with a volume of 39350 shares. The stock had previously closed at C$21.27.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. TD Securities reduced their target price on shares of Maple Leaf Foods from C$35.00 to C$34.00 and set a “buy” rating on the stock in a research report on Thursday, November 14th. National Bankshares lowered their target price on Maple Leaf Foods from C$28.00 to C$26.00 in a report on Thursday, November 14th. Six research analysts have rated the stock with a buy rating, According to MarketBeat.com, Maple Leaf Foods has a consensus rating of “Buy” and an average price target of C$29.93.

Maple Leaf Foods Stock Performance

The company has a current ratio of 1.32, a quick ratio of 0.54 and a debt-to-equity ratio of 132.03. The company has a market cap of C$2.57 billion, a PE ratio of 231.67, a price-to-earnings-growth ratio of 18.07 and a beta of 0.47. The firm’s fifty day moving average is C$22.30 and its 200 day moving average is C$22.82.

Maple Leaf Foods Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 4.22%. The ex-dividend date is Friday, December 6th. Maple Leaf Foods’s payout ratio is 977.78%.

Insider Transactions at Maple Leaf Foods

In other news, Director Linda Mantia purchased 4,498 shares of the stock in a transaction dated Friday, November 15th. The shares were purchased at an average price of C$22.23 per share, with a total value of C$99,990.54. Insiders own 39.87% of the company’s stock.

Maple Leaf Foods Company Profile

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.