Insider Selling: Saputo (TSE:SAP) Insider Sells C$417,300.00 in Stock

Saputo Inc. (TSE:SAP) insider Leanne Cutts sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of C$41.73, for a total value of C$417,300.00. Following the transaction, the insider directly owned 23,790 shares in the company, valued at C$992,756.70. This trade represents a 29.59% decrease in their ownership of the stock.

Saputo Stock Performance

Shares of SAP stock opened at C$41.31 on Friday. The firm has a market capitalization of C$16.54 billion, a price-to-earnings ratio of 25.34, a PEG ratio of 0.56 and a beta of 0.06. The stock has a fifty day moving average of C$41.07 and a 200 day moving average of C$41.53. Saputo Inc. has a 52 week low of C$26.50 and a 52 week high of C$45.09. The company has a quick ratio of 0.67, a current ratio of 1.71 and a debt-to-equity ratio of 48.08.

Saputo (TSE:SAP) last issued its quarterly earnings data on Thursday, June 4th. The company reported C$0.41 earnings per share (EPS) for the quarter. Saputo had a net margin of 3.65% and a return on equity of 9.98%. The business had revenue of C$3.31 billion for the quarter. As a group, research analysts expect that Saputo Inc. will post 1.7735369 earnings per share for the current year.

Saputo Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Thursday, June 25th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Tuesday, June 16th. Saputo’s dividend payout ratio is presently 48.47%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on SAP shares. TD cut their price objective on Saputo from C$52.00 to C$51.00 and set a “buy” rating on the stock in a research report on Monday, June 8th. Ventum Financial set a C$47.00 target price on Saputo and gave the company a “buy” rating in a research note on Wednesday, April 22nd. Ventum Capital lifted their price target on Saputo from C$47.00 to C$48.00 and gave the company a “buy” rating in a research report on Monday, June 8th. Finally, National Bank Financial reduced their price target on Saputo from C$46.00 to C$44.00 and set a “sector perform” rating on the stock in a research note on Wednesday, May 6th. Eight investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Saputo currently has an average rating of “Moderate Buy” and an average price target of C$46.73.

About Saputo

Saputo, one of the top ten dairy processors in the world, produces, markets, and distributes a wide array of dairy products of the utmost quality, including cheese, fluid milk, extended shelf-life milk and cream products, cultured products, and dairy ingredients. Saputo is a leading cheese manufacturer and fluid milk and cream processor in Canada and a leading dairy processor in Australia. In the USA, Saputo ranks among the top three cheese producers and is one of the top producers of extended shelf-life and cultured dairy products.