Saputo Inc. (TSE:SAP) Plans Quarterly Dividend of $0.20

Saputo Inc. (TSE:SAP) declared a quarterly dividend on Tuesday, March 3rd, TickerTech Dividends reports. Stockholders of record on Friday, March 13th will be given a dividend of 0.20 per share on Friday, March 13th. This represents a c) annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend is Tuesday, March 3rd.

Saputo Stock Up 2.5%

Shares of TSE SAP opened at C$43.54 on Friday. The company has a 50 day simple moving average of C$41.63 and a 200 day simple moving average of C$37.68. The company has a debt-to-equity ratio of 51.68, a current ratio of 1.53 and a quick ratio of 0.67. Saputo has a 1 year low of C$23.94 and a 1 year high of C$44.00. The firm has a market cap of C$17.64 billion, a PE ratio of 27.91, a price-to-earnings-growth ratio of 0.56 and a beta of 0.04.

Saputo (TSE:SAP) last announced its quarterly earnings results on Thursday, February 5th. The company reported C$0.57 earnings per share (EPS) for the quarter. The firm had revenue of C$4.89 billion during the quarter. Saputo had a negative net margin of 0.84% and a negative return on equity of 2.20%. On average, research analysts forecast that Saputo will post 1.7735369 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on SAP. Desjardins raised their target price on Saputo from C$45.00 to C$47.00 and gave the stock a “buy” rating in a research report on Monday, February 9th. Canadian Imperial Bank of Commerce raised their price objective on Saputo from C$40.00 to C$44.00 in a research report on Friday, January 30th. National Bank Financial lifted their price objective on Saputo from C$45.00 to C$46.00 and gave the stock an “outperform” rating in a research note on Monday, February 9th. Scotiabank increased their target price on shares of Saputo from C$47.00 to C$49.00 and gave the company an “outperform” rating in a research report on Friday, February 13th. Finally, Royal Bank Of Canada boosted their price target on shares of Saputo from C$47.00 to C$50.00 and gave the stock an “outperform” rating in a research report on Sunday, February 8th. Six research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Saputo has a consensus rating of “Moderate Buy” and a consensus price target of C$46.25.

Saputo Company Profile

Saputo is a global dairy processor domiciled in Canada (28% of fiscal 2022 sales) with operations in the United States (43%), the U.K. (6%), and other international markets (23%). It sells cheese, cream, fluid milk, and other dairy products. In the retail segment (50% of revenue), its mix of brands include Saputo, Armstrong, Cheer, Cathedral City, and Frylight. Saputo also competes in food service (30% of revenue) and industrials (20% of revenue), which houses its ingredients business.