Saputo (TSE:SAP) Director Steven Michael Douglas Sells 19,777 Shares of Stock

Saputo Inc. (TSE:SAP) Director Steven Michael Douglas sold 19,777 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of C$41.90, for a total value of C$828,656.30. Following the completion of the transaction, the director owned 12,917 shares of the company’s stock, valued at C$541,222.30. This represents a 60.49% decrease in their ownership of the stock.

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

• On Monday, June 15th, Steven Michael Douglas sold 11,991 shares of Saputo stock. The shares were sold at an average price of C$41.83, for a total value of C$501,583.53.
• On Monday, June 15th, Steven Michael Douglas sold 5,803 shares of Saputo stock. The shares were sold at an average price of C$41.93, for a total value of C$243,319.79.

Saputo Trading Down 1.1%

TSE SAP opened at C$41.40 on Wednesday. The stock has a market capitalization 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 stock’s 50 day moving average price is C$41.19 and its two-hundred day moving average price is C$41.51. The company has a debt-to-equity ratio of 48.08, a quick ratio of 0.67 and a current ratio of 1.71. Saputo Inc. has a 52 week low of C$26.35 and a 52 week high of C$45.09.

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

Saputo Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Thursday, June 25th will be paid a $0.20 dividend. The ex-dividend date is Tuesday, June 16th. This represents a $0.80 annualized dividend and a yield of 1.9%. Saputo’s payout ratio is presently 48.47%.

Wall Street Analyst Weigh In

SAP has been the topic of several research reports. Ventum Financial set a C$47.00 target price on Saputo and gave the company a “buy” rating in a research note on Wednesday, April 22nd. Ventum Capital boosted their target price on Saputo from C$47.00 to C$48.00 and gave the company a “buy” rating in a research note on Monday, June 8th. National Bank Financial cut their target price on Saputo from C$46.00 to C$44.00 and set a “sector perform” rating on the stock in a research note on Wednesday, May 6th. Finally, TD cut their target price on Saputo from C$52.00 to C$51.00 and set a “buy” rating on the stock in a research note on Monday, June 8th. Eight analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company 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.