Adam John Grogan Sells 32,063 Shares of Maple Leaf Foods (TSE:MFI) Stock

Maple Leaf Foods Inc. (TSE:MFI) insider Adam John Grogan sold 32,063 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of C$29.37, for a total value of C$941,690.31. Following the completion of the transaction, the insider directly owned 41,277 shares of the company’s stock, valued at C$1,212,305.49. The trade was a 43.72% decrease in their ownership of the stock.

Maple Leaf Foods Stock Performance

TSE MFI opened at C$29.66 on Thursday. Maple Leaf Foods Inc. has a 1-year low of C$23.35 and a 1-year high of C$36.35. The company has a market capitalization of C$3.69 billion, a P/E ratio of 7.05, a PEG ratio of 18.07 and a beta of 0.54. The business has a 50 day moving average price of C$29.43 and a 200 day moving average price of C$27.19. The company has a debt-to-equity ratio of 91.78, a current ratio of 1.34 and a quick ratio of 0.54.

Maple Leaf Foods (TSE:MFI) last released its quarterly earnings data on Thursday, May 7th. The company reported C$0.34 earnings per share for the quarter. Maple Leaf Foods had a return on equity of 36.56% and a net margin of 12.44%.The firm had revenue of C$962.85 million during the quarter. Sell-side analysts expect that Maple Leaf Foods Inc. will post 1.4334187 EPS for the current fiscal year.

Maple Leaf Foods Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 31st were paid a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Monday, March 9th. This is an increase from Maple Leaf Foods’s previous quarterly dividend of $0.19. Maple Leaf Foods’s dividend payout ratio (DPR) is 20.90%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on MFI. Ventum Financial set a C$37.00 target price on Maple Leaf Foods and gave the company a “buy” rating in a report on Wednesday, April 22nd. Royal Bank Of Canada increased their target price on Maple Leaf Foods from C$33.00 to C$34.00 and gave the company an “outperform” rating in a report on Friday, May 8th. Canaccord Genuity Group increased their target price on Maple Leaf Foods from C$37.00 to C$38.00 and gave the company a “buy” rating in a report on Friday, May 8th. Ventum Capital increased their target price on Maple Leaf Foods from C$37.00 to C$39.00 and gave the company a “buy” rating in a report on Friday, May 8th. Finally, Stifel Nicolaus increased their target price on Maple Leaf Foods from C$35.00 to C$36.00 and gave the company a “buy” rating in a report on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating and ten have issued a Buy rating to the stock. According to data from MarketBeat, Maple Leaf Foods has a consensus rating of “Buy” and an average target price of C$36.33.

Maple Leaf Foods Company Profile

Maple Leaf Foods Inc is a consumer-packaged meats company. It produces prepared meats and meals, fresh pork, and poultry and turkey products. The company also has agribusiness operations. These operations supply livestock to the meat products business operations. Its main markets are Canada, the United States, Japan, and China. The key brands are Maple Leaf and Schneiders, Maple Leaf Prime Naturally, Shopsy, Mitchell’s Gourmet Food, Larse, Parm, and Hygrade.