Saputo (TSE:SAP) Director Sells C$501,583.53 in Stock

Saputo Inc. (TSE:SAP) Director Steven Michael Douglas sold 11,991 shares of the business’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of C$41.83, for a total transaction of C$501,583.53. Following the completion of the sale, the director owned 12,917 shares in the company, valued at C$540,318.11. This represents a 48.14% decrease in their ownership of the stock.

Steven Michael Douglas also recently made the following trade(s):

• On Friday, June 12th, Steven Michael Douglas sold 19,777 shares of Saputo stock. The stock was sold at an average price of C$41.90, for a total value of C$828,656.30.
• On Monday, June 15th, Steven Michael Douglas sold 5,803 shares of Saputo stock. The stock was sold at an average price of C$41.93, for a total value of C$243,319.79.

Saputo Price Performance

Saputo stock traded down C$0.39 during mid-day trading on Tuesday, hitting C$41.48. 302,644 shares of the company were exchanged, compared to its average volume of 1,013,900. The company has a debt-to-equity ratio of 48.08, a current ratio of 1.71 and a quick ratio of 0.67. The business’s 50 day simple moving average is C$41.23 and its two-hundred day simple moving average is C$41.49. The company has a market capitalization of C$16.61 billion, a P/E ratio of 25.45, a PEG ratio of 0.56 and a beta of 0.06. 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 earnings per share (EPS) for the quarter. The business had revenue of C$3.31 billion for the quarter. Saputo had a net margin of 3.65% and a return on equity of 9.98%. Analysts forecast that Saputo Inc. will post 1.7735369 earnings per share for the current fiscal year.

Saputo Announces Dividend

The company also recently announced 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 48.47%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Ventum Financial set a C$47.00 price objective on shares of Saputo and gave the stock a “buy” rating in a research note on Wednesday, April 22nd. 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 report on Monday, June 8th. National Bank Financial dropped their target price on Saputo from C$46.00 to C$44.00 and set a “sector perform” rating on the stock in a report on Wednesday, May 6th. Finally, Ventum Capital raised their target price 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 equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Saputo presently has a consensus rating of “Moderate Buy” and an average target price of C$46.73.

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.