Randall Huffman Sells 4,500 Shares of Maple Leaf Foods (TSE:MFI) Stock

Maple Leaf Foods Inc. (TSE:MFI) insider Randall Huffman sold 4,500 shares of the business’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of C$29.35, for a total transaction of C$132,075.00. Following the transaction, the insider directly owned 89,044 shares in the company, valued at approximately C$2,613,441.40. The trade was a 4.81% decrease in their position.

Randall Huffman also recently made the following trade(s):

• On Monday, May 25th, Randall Huffman sold 5,075 shares of Maple Leaf Foods stock. The shares were sold at an average price of C$29.45, for a total transaction of C$149,458.75.

Maple Leaf Foods Price Performance

Maple Leaf Foods stock opened at C$29.66 on Thursday. The company has a current ratio of 1.34, a quick ratio of 0.54 and a debt-to-equity ratio of 91.78. The company has a 50-day moving average price of C$29.43 and a 200 day moving average price of C$27.19. Maple Leaf Foods Inc. has a 12-month low of C$23.35 and a 12-month high of C$36.35. The stock has a market cap of C$3.69 billion, a P/E ratio of 7.05, a PEG ratio of 18.07 and a beta of 0.54.

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

Maple Leaf Foods Increases Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. National Bank Financial raised their target price on Maple Leaf Foods from C$35.00 to C$37.00 and gave the stock an “outperform” rating in a research note on Friday, May 8th. Ventum Capital upped their price target on Maple Leaf Foods from C$37.00 to C$39.00 and gave the company a “buy” rating in a research note on Friday, May 8th. Ventum Financial set a C$37.00 price target on Maple Leaf Foods and gave the stock a “buy” rating in a report on Wednesday, April 22nd. Desjardins set a C$39.00 price objective on Maple Leaf Foods and gave the stock a “buy” rating in a research report on Wednesday. Finally, Scotiabank upgraded shares of Maple Leaf Foods from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 11th. One investment analyst has rated the stock with a Strong Buy rating and ten have given a Buy rating to the company’s stock. Based on data from MarketBeat, Maple Leaf Foods presently has an average 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.