Insider Selling: Saputo (TSE:SAP) Insider Sells 10,000 Shares of Stock

Saputo Inc. (TSE:SAP) insider Leanne Cutts sold 10,000 shares of the 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 transaction of C$417,300.00. Following the completion of the transaction, the insider directly owned 23,790 shares of the company’s stock, valued at C$992,756.70. The trade was a 29.59% decrease in their ownership of the stock.

Saputo Stock Performance

Shares of Saputo stock traded down C$0.47 during midday trading on Tuesday, hitting C$41.40. The company had a trading volume of 731,852 shares, compared to its average volume of 1,017,883. The stock has a market cap of C$16.58 billion, a price-to-earnings ratio of 25.40, a PEG ratio of 0.56 and a beta of 0.06. 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 company has a fifty day simple moving average of C$41.19 and a 200 day simple moving average of C$41.51. Saputo Inc. has a 12-month low of C$26.35 and a 12-month high of C$45.09.

Saputo (TSE:SAP) last announced its quarterly earnings data on Thursday, June 4th. The company reported C$0.41 EPS for the quarter. The firm had revenue of C$3.31 billion during the quarter. Saputo had a net margin of 3.65% and a return on equity of 9.98%. As a group, analysts predict 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. Investors of record on Thursday, June 25th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Tuesday, June 16th. Saputo’s dividend payout ratio (DPR) is presently 48.47%.

Analysts Set New Price Targets

Several equities analysts recently commented on SAP shares. Ventum Financial set a C$47.00 price objective on shares of Saputo and gave the company a “buy” rating in a research report on Wednesday, April 22nd. Ventum Capital increased their price objective on shares of Saputo from C$47.00 to C$48.00 and gave the company a “buy” rating in a research report on Monday, June 8th. National Bank Financial decreased their price objective on shares of Saputo from C$46.00 to C$44.00 and set a “sector perform” rating for the company in a research report on Wednesday, May 6th. Finally, TD cut their price target on shares of Saputo from C$52.00 to C$51.00 and set a “buy” rating on the stock in a report on Monday, June 8th. Eight research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Saputo currently has an average 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.