Insider Selling: Maple Leaf Foods (TSE:MFI) Insider Sells C$132,075.00 in Stock

Maple Leaf Foods Inc. (TSE:MFI) insider Randall Huffman sold 4,500 shares of the stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of C$29.35, for a total value of C$132,075.00. Following the completion of the sale, the insider directly owned 89,044 shares in the company, valued at C$2,613,441.40. This represents a 4.81% decrease in their position.

Randall Huffman also recently made the following trade(s):

• On Monday, May 25th, Randall Huffman sold 5,075 shares of Maple Leaf Foods stock. The stock was sold at an average price of C$29.45, for a total transaction of C$149,458.75.

Maple Leaf Foods Price Performance

Maple Leaf Foods stock opened at C$29.84 on Friday. The stock has a market cap of C$3.71 billion, a P/E ratio of 7.09, a price-to-earnings-growth ratio of 18.07 and a beta of 0.54. The company has a fifty day simple moving average of C$29.43 and a 200-day simple moving average of C$27.23. Maple Leaf Foods Inc. has a 12-month low of C$23.35 and a 12-month 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.

Maple Leaf Foods (TSE:MFI) last released its quarterly earnings data on Thursday, May 7th. The company reported C$0.34 earnings per share (EPS) for the quarter. The business had revenue of C$962.85 million during the quarter. Maple Leaf Foods had a net margin of 12.44% and a return on equity of 36.56%. Equities analysts expect that Maple Leaf Foods Inc. will post 1.4334187 EPS for the current fiscal year.

Maple Leaf Foods Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 31st were given a dividend of $0.21 per share. This is an increase from Maple Leaf Foods’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Monday, March 9th. This represents a $0.84 annualized dividend and a dividend yield of 2.8%. Maple Leaf Foods’s dividend payout ratio is presently 20.90%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on MFI. Royal Bank Of Canada lifted their price objective on shares of Maple Leaf Foods from C$33.00 to C$34.00 and gave the stock an “outperform” rating in a research report on Friday, May 8th. Canaccord Genuity Group lifted their price target on shares of Maple Leaf Foods from C$37.00 to C$38.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. Scotiabank upgraded shares of Maple Leaf Foods from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 11th. Ventum Capital lifted their price target on shares of Maple Leaf Foods from C$37.00 to C$39.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. Finally, National Bank Financial lifted their price target on shares of Maple Leaf Foods from C$35.00 to C$37.00 and gave the stock an “outperform” rating in a research note on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating and ten have given a Buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of C$36.33.

About Maple Leaf Foods

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.