Maple Leaf Foods (TSE:MFI) Insider Andreas Liris Sells 4,870 Shares of Stock

Maple Leaf Foods Inc. (TSE:MFI) insider Andreas Liris sold 4,870 shares of the firm’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of C$28.70, for a total value of C$139,769.00. Following the sale, the insider directly owned 13,000 shares of the company’s stock, valued at approximately C$373,100. This trade represents a 27.25% decrease in their position.

Andreas Liris also recently made the following trade(s):

• On Wednesday, May 13th, Andreas Liris bought 2,500 shares of Maple Leaf Foods stock. The shares were acquired at an average cost of C$28.36 per share, with a total value of C$70,900.00.

Maple Leaf Foods Price Performance

MFI stock opened at C$28.00 on Friday. The business has a fifty day moving average of C$29.36 and a two-hundred day moving average of C$27.05. The company has a quick ratio of 0.54, a current ratio of 1.34 and a debt-to-equity ratio of 91.78. The stock has a market cap of C$3.48 billion, a price-to-earnings ratio of 6.65, a price-to-earnings-growth ratio of 18.07 and a beta of 0.54. Maple Leaf Foods Inc. has a 52-week low of C$23.35 and a 52-week high of C$36.35.

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

Maple Leaf Foods Increases Dividend

The company also recently declared 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. This represents a $0.84 annualized dividend and a dividend yield of 3.0%. The ex-dividend date was Monday, March 9th. Maple Leaf Foods’s dividend payout ratio (DPR) is 20.90%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Ventum Capital raised their price target on Maple Leaf Foods from C$37.00 to C$39.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. Canaccord Genuity Group raised their price target on Maple Leaf Foods from C$37.00 to C$38.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. Stifel Nicolaus raised their price target on Maple Leaf Foods from C$35.00 to C$36.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. Scotiabank upgraded Maple Leaf Foods from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 11th. Finally, Ventum Financial set a C$37.00 price target on Maple Leaf Foods and gave the stock a “buy” rating in a research report on Wednesday, April 22nd. One analyst has rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of C$36.09.

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.