Leanne Cutts Sells 10,000 Shares of Saputo (TSE:SAP) Stock

Saputo Inc. (TSE:SAP) insider Leanne Cutts sold 10,000 shares of Saputo stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of C$41.73, for a total value of C$417,300.00. Following the sale, the insider directly owned 23,790 shares in the company, valued at C$992,756.70. The trade was a 29.59% decrease in their ownership of the stock.

Saputo Stock Down 2.0%

TSE SAP opened at C$40.57 on Thursday. The company has a current ratio of 1.71, a quick ratio of 0.67 and a debt-to-equity ratio of 48.08. The stock’s 50 day moving average is C$41.12 and its two-hundred day moving average is C$41.52. The company has a market capitalization of C$16.25 billion, a price-to-earnings ratio of 24.89, a PEG ratio of 0.56 and a beta of 0.06. Saputo Inc. has a 1-year low of C$26.35 and a 1-year high of C$45.09.

Saputo (TSE:SAP) last issued its quarterly earnings data on Thursday, June 4th. The company reported C$0.41 earnings per share (EPS) for the quarter. The company had revenue of C$3.31 billion during the quarter. Saputo had a return on equity of 9.98% and a net margin of 3.65%. Equities analysts forecast that Saputo Inc. will post 1.7735369 earnings per share for the current fiscal year.

Saputo Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Thursday, June 25th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.0%. Saputo’s dividend payout ratio (DPR) is presently 48.47%.

Analyst Ratings Changes

SAP has been the subject of a number of analyst reports. Ventum Financial set a C$47.00 price objective on Saputo and gave the company a “buy” rating in a report on Wednesday, April 22nd. TD cut their price objective on Saputo from C$52.00 to C$51.00 and set a “buy” rating for the company in a report on Monday, June 8th. National Bank Financial cut 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. Finally, Ventum Capital lifted their price objective on Saputo from C$47.00 to C$48.00 and gave the company a “buy” rating in a report on Monday, June 8th. Eight research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$46.73.

More Saputo News

Here are the key news stories impacting Saputo this week:

• Positive Sentiment: Director Steven Michael Douglas bought 3,875 shares and then another 2,000 shares of Saputo, signaling confidence in the company’s outlook and partially offsetting recent selling. Saputo insider trade details
• Neutral Sentiment: Saputo recently paid a quarterly dividend of C$0.20 per share, which supports income-focused investors but is not a new catalyst. Saputo dividend details
• Neutral Sentiment: Analyst sentiment remains constructive overall, with a “Moderate Buy” consensus and a target price above the current trading range, suggesting the stock still has room to recover if fundamentals hold. Saputo analyst ratings
• Negative Sentiment: Several insider sales, including large disposals by Leanne Cutts and Martin Gagnon, as well as earlier selling by Steven Michael Douglas, may weigh on investor sentiment because they can be read as reduced confidence at current levels. Insider selling article

About Saputo

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.