Maple Leaf Foods (TSE:MFI) Insider Randall Huffman Sells 5,075 Shares

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 shares were sold at an average price of C$29.45, for a total value of C$149,458.75. Following the completion of the sale, the insider owned 89,044 shares in the company, valued at approximately C$2,622,345.80. This represents 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 shares were sold at an average price of C$29.35, for a total value of C$132,075.00.

Maple Leaf Foods Stock Performance

MFI traded down C$0.30 during trading hours on Tuesday, hitting C$29.14. The company’s stock had a trading volume of 178,860 shares, compared to its average volume of 304,238. Maple Leaf Foods Inc. has a fifty-two week low of C$23.35 and a fifty-two week high of C$36.35. The company has a current ratio of 1.34, a quick ratio of 0.54 and a debt-to-equity ratio of 91.78. The firm has a market capitalization of C$3.63 billion, a PE ratio of 6.92, a PEG ratio of 18.07 and a beta of 0.54. The company has a 50-day simple moving average of C$29.43 and a 200 day simple moving average of C$27.15.

Maple Leaf Foods (TSE:MFI) last posted its earnings results on Thursday, May 7th. The company reported C$0.34 EPS for the quarter. Maple Leaf Foods had a return on equity of 36.56% and a net margin of 12.44%.The firm had revenue of C$962.85 million for the quarter. As a group, sell-side analysts expect that Maple Leaf Foods Inc. will post 1.4334187 EPS for the current year.

Maple Leaf Foods Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 31st were given a $0.21 dividend. The ex-dividend date was Monday, March 9th. This represents a $0.84 annualized dividend and a yield of 2.9%. This is an increase from Maple Leaf Foods’s previous quarterly dividend of $0.19. Maple Leaf Foods’s payout ratio is 20.90%.

Analysts Set New Price Targets

Several analysts recently commented on the company. National Bank Financial raised their target price on Maple Leaf Foods from C$35.00 to C$37.00 and gave the company an “outperform” rating in a research report on Friday, May 8th. Scotia lifted their price target on Maple Leaf Foods from C$32.00 to C$36.00 and gave the company a “sector outperform” rating in a research report on Friday, May 8th. Royal Bank Of Canada lifted their price target on Maple Leaf Foods from C$33.00 to C$34.00 and gave the company an “outperform” rating in a research report on Friday, May 8th. Canaccord Genuity Group lifted their price target on Maple Leaf Foods from C$37.00 to C$38.00 and gave the company a “buy” rating in a research report on Friday, May 8th. Finally, Stifel Nicolaus lifted their price target on Maple Leaf Foods from C$35.00 to C$36.00 and gave the company a “buy” rating in a research report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the stock. According to data from MarketBeat, Maple Leaf Foods has an average rating of “Buy” and an average target price of C$36.09.

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.