Maple Leaf Foods (TSE:MFI) Stock Gets Price Target Trim from Ventum Capital

Maple Leaf Foods (TSE:MFI) had its price objective trimmed by Ventum Capital from C$37.00 to C$35.00 in a research note released on Wednesday,BayStreet reports. The firm currently has a buy rating on the stock.

Several other equities analysts have also recently weighed in on MFI. National Bank Financial cut their target price on shares of Maple Leaf Foods from C$34.00 to C$29.00 and set an “outperform” rating for the company in a research note on Wednesday, October 14th. Desjardins decreased their price target on shares of Maple Leaf Foods from C$39.00 to C$36.00 and set a “buy” rating on the stock in a research note on Wednesday, October 7th. Canadian Imperial Bank of Commerce set a C$36.00 price objective on shares of Maple Leaf Foods and gave the company an “outperformer” rating in a report on Monday, July 27th. Scotiabank dropped their price objective on shares of Maple Leaf Foods from C$36.00 to C$33.00 and set a “sector outperform” rating for the company in a report on Thursday, August 13th. Finally, Stifel Nicolaus set a C$36.00 price objective on Maple Leaf Foods and gave the company a “buy” rating in a research report on Thursday, July 9th. One analyst has rated the stock with a Strong Buy rating and ten have given a Buy rating to the company’s stock. According to MarketBeat.com, Maple Leaf Foods currently has an average rating of “Buy” and a consensus target price of C$35.33.

Maple Leaf Foods Trading Down 1.0%

Shares of MFI opened at C$26.29 on Wednesday. The firm has a market cap of C$3.28 billion, a P/E ratio of 6.46, a price-to-earnings-growth ratio of 18.07 and a beta of 0.26. The company has a debt-to-equity ratio of 97.47, a current ratio of 1.56 and a quick ratio of 0.54. Maple Leaf Foods has a 1 year low of C$23.35 and a 1 year high of C$31.87. The company has a 50 day simple moving average of C$26.02 and a two-hundred day simple moving average of C$28.31.

Maple Leaf Foods (TSE:MFI) last released its earnings results on Wednesday, August 12th. The company reported C$0.44 EPS for the quarter. Maple Leaf Foods had a net margin of 13.08% and a return on equity of 36.83%. The firm had revenue of C$1.02 billion for the quarter. On average, equities analysts expect that Maple Leaf Foods will post 1.43 earnings per share for the current fiscal year.

Maple Leaf Foods Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Tuesday, September 29th were issued a $0.21 dividend. The ex-dividend date of this dividend was Tuesday, September 8th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.2%. Maple Leaf Foods’s dividend payout ratio (DPR) is 20.88%.

Insiders Place Their Bets

In other Maple Leaf Foods news, Director Andrew Gordon Macdonald purchased 10,000 shares of Maple Leaf Foods stock in a transaction that occurred on Friday, September 4th. The shares were bought at an average price of C$26.78 per share, for a total transaction of C$267,800.00. Following the completion of the transaction, the director owned 72,200 shares of the company’s stock, valued at approximately C$1,933,516. This trade represents a 16.08% increase in their position. Corporate insiders own 39.87% of the company’s stock.

Maple Leaf Foods Company Profile

Maple Leaf Foods (TSX: MFI) is a purpose-driven, protein-focused, brand-led consumer packaged goods company headquartered in Mississauga, Ontario. It proudly produces responsibly made, delicious food under powerhouse brands that include Maple Leaf, Maple Leaf Prime, Maple Leaf Natural Selections, Maple Leaf Mighty Protein, Musafir, Schneiders, Mina Halal, Greenfield Natural Meat Co, LightLife, Field Roast, and Yves Veggie Cuisine. Committed to Raising the Good in Food and bringing customers protein with purpose, Maple Leaf Foods delivers shared value for all its stakeholders by leading the way in safety and sustainability, building loved brands, operating with excellence, developing extraordinary talent, and broadening its impact through innovation and geographic reach.