Maxime Therrien Sells 19,601 Shares of Saputo (TSE:SAP) Stock

Saputo Inc. (TSE:SAP) Director Maxime Therrien sold 19,601 shares of the firm’s stock in a transaction dated Friday, June 26th. The stock was sold at an average price of C$42.06, for a total value of C$824,418.06. Following the sale, the director directly owned 64,213 shares in the company, valued at approximately C$2,700,798.78. This represents a 23.39% decrease in their position.

Maxime Therrien also recently made the following trade(s):

• On Friday, June 26th, Maxime Therrien sold 14,712 shares of Saputo stock. The shares were sold at an average price of C$42.08, for a total value of C$619,080.96.

Saputo Stock Up 0.5%

Shares of SAP traded up C$0.21 on Friday, hitting C$42.52. The company’s stock had a trading volume of 489,464 shares, compared to its average volume of 1,023,211. The firm’s fifty day moving average price is C$40.92 and its 200-day moving average price is C$41.61. Saputo Inc. has a fifty-two week low of C$26.96 and a fifty-two week high of C$45.09. The company has a quick ratio of 0.67, a current ratio of 1.71 and a debt-to-equity ratio of 48.08. The firm has a market capitalization of C$17.03 billion, a price-to-earnings ratio of 26.09, a P/E/G ratio of 0.56 and a beta of 0.06.

Saputo (TSE:SAP) last announced its earnings results on Thursday, June 4th. The company reported C$0.41 EPS for the quarter. Saputo had a net margin of 3.65% and a return on equity of 9.98%. The firm had revenue of C$3.31 billion for the quarter. On average, equities research analysts expect that Saputo Inc. will post 1.7735369 EPS for the current year.

Saputo Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Thursday, June 25th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend was Tuesday, June 16th. Saputo’s payout ratio is currently 48.47%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Ventum Financial set a C$47.00 price target on Saputo and gave the company a “buy” rating in a research note on Wednesday, April 22nd. Ventum Capital upped their price objective on Saputo from C$47.00 to C$48.00 and gave the stock a “buy” rating in a research report on Monday, June 8th. National Bank Financial decreased their price objective on Saputo from C$46.00 to C$44.00 and set a “sector perform” rating for the company in a report on Wednesday, May 6th. TD dropped their target price on Saputo from C$52.00 to C$51.00 and set a “buy” rating on the stock in a research report on Monday, June 8th. Finally, TD Securities upgraded Saputo to a “strong-buy” rating in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$46.73.

Saputo Company Profile

Saputo, one of the top ten dairy processors in the world, produces, markets, and distributes a wide array of dairy products of the utmost quality, including cheese, fluid milk, extended shelf-life milk and cream products, cultured products, and dairy ingredients. Saputo is a leading cheese manufacturer and fluid milk and cream processor in Canada and a leading dairy processor in Australia. In the USA, Saputo ranks among the top three cheese producers and is one of the top producers of extended shelf-life and cultured dairy products.