Insider Selling: Maple Leaf Foods (TSE:MFI) Insider Sells C$149,458.75 in Stock

Maple Leaf Foods Inc. (TSE:MFI) insider Randall Huffman sold 5,075 shares of the firm’s stock in a transaction that occurred on Monday, May 25th. The stock was sold at an average price of C$29.45, for a total transaction of C$149,458.75. Following the sale, the insider owned 89,044 shares of the company’s stock, valued at C$2,622,345.80. The trade was a 5.39% decrease in their ownership of the stock.

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

• On Friday, May 22nd, Randall Huffman sold 4,500 shares of Maple Leaf Foods stock. The stock was sold at an average price of C$29.35, for a total transaction of C$132,075.00.

Maple Leaf Foods Trading Up 0.6%

Shares of TSE:MFI opened at C$29.84 on Friday. The stock has a market capitalization of C$3.71 billion, a price-to-earnings ratio of 7.09, a PEG ratio of 18.07 and a beta of 0.54. 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 debt-to-equity ratio of 91.78, a quick ratio of 0.54 and a current ratio of 1.34. The company has a 50 day moving average price of C$29.43 and a 200 day moving average price of C$27.23.

Maple Leaf Foods (TSE:MFI) last issued its earnings results on Thursday, May 7th. The company reported C$0.34 earnings per share for the quarter. The firm had revenue of C$962.85 million during the quarter. Maple Leaf Foods had a net margin of 12.44% and a return on equity of 36.56%. On average, research analysts anticipate 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. The ex-dividend date of this dividend was Monday, March 9th. This represents a $0.84 dividend on an annualized basis and a yield of 2.8%. This is a positive change from Maple Leaf Foods’s previous quarterly dividend of $0.19. Maple Leaf Foods’s dividend payout ratio (DPR) is 20.90%.

Analyst Upgrades and Downgrades

MFI has been the subject of a number of recent analyst reports. Canaccord Genuity Group raised their price objective on shares of Maple Leaf Foods from C$37.00 to C$38.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. National Bank Financial raised their price objective on shares of 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. Scotiabank raised shares of Maple Leaf Foods from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 11th. Desjardins set a C$39.00 price objective on shares of Maple Leaf Foods and gave the stock a “buy” rating in a research note on Wednesday. Finally, Scotia raised their price objective on shares of Maple Leaf Foods from C$32.00 to C$36.00 and gave the stock a “sector outperform” rating in a research note on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating and ten have given a Buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target 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.