Maple Leaf Foods (TSE:MFI) Sets New 12-Month Low – Here’s What Happened

Maple Leaf Foods Inc. (TSE:MFI)’s stock price hit a new 52-week low during trading on Tuesday . The stock traded as low as C$21.15 and last traded at C$21.18, with a volume of 108797 shares changing hands. The stock had previously closed at C$21.46.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. National Bankshares reduced their target price on Maple Leaf Foods from C$29.00 to C$28.00 in a report on Friday, August 9th. TD Securities dropped their target price on shares of Maple Leaf Foods from C$36.00 to C$35.00 in a report on Friday, August 9th. Finally, CIBC reduced their price target on shares of Maple Leaf Foods from C$31.00 to C$30.00 in a report on Friday, August 9th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of C$30.36.

Maple Leaf Foods Stock Down 1.4 %

The company has a quick ratio of 0.54, a current ratio of 1.32 and a debt-to-equity ratio of 132.03. The firm has a fifty day moving average of C$22.18 and a 200-day moving average of C$23.12. The firm has a market cap of C$2.59 billion, a P/E ratio of 237.22, a price-to-earnings-growth ratio of 18.07 and a beta of 0.47.

Maple Leaf Foods (TSE:MFI) last released its earnings results on Thursday, August 8th. The company reported C$0.18 earnings per share for the quarter, beating the consensus estimate of C$0.17 by C$0.01. The business had revenue of C$1.26 billion during the quarter, compared to analysts’ expectations of C$1.27 billion. Maple Leaf Foods had a net margin of 0.24% and a return on equity of 0.75%. On average, equities research analysts anticipate that Maple Leaf Foods Inc. will post 1.4334187 earnings per share for the current year.

Maple Leaf Foods Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 27th were issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 4.18%. The ex-dividend date was Friday, September 6th. Maple Leaf Foods’s payout ratio is currently 977.78%.

Insider Buying and Selling at Maple Leaf Foods

In related news, Senior Officer Iain William Stewart sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of C$22.90, for a total transaction of C$114,500.00. In other news, Senior Officer Jonathan David Sawatzky sold 2,600 shares of the stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of C$21.23, for a total transaction of C$55,198.00. Also, Senior Officer Iain William Stewart sold 5,000 shares of the company’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of C$22.90, for a total value of C$114,500.00. Corporate insiders own 39.87% of the company’s stock.

Maple Leaf Foods Company Profile

Maple Leaf Foods Inc produces food products in the United States, Canada, Japan, China, and internationally. The company operates through Meat Protein Group and Plant Protein Group segments. It produces various food products, including prepared meats, ready-to-cook and ready-to-serve meals, fresh pork and poultry, and plant protein products; bacon, hams, wieners, and meat snacks; a variety of delicatessen products; and processed chicken products, such as fully cooked chicken breasts and wings, processed turkey products, specialty sausages, cooked meats, sliced meats, cooked sausage products, lunch kits, and canned meats.