Maple Leaf Foods Inc. (TSE:MFI) Director Purchases C$99,990.54 in Stock

Maple Leaf Foods Inc. (TSE:MFI) Director Linda Mantia purchased 4,498 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The shares were purchased at an average price of C$22.23 per share, for a total transaction of C$99,990.54.

Maple Leaf Foods Stock Performance

TSE:MFI opened at C$22.56 on Friday. Maple Leaf Foods Inc. has a twelve month low of C$21.05 and a twelve month high of C$27.55. The company has a market cap of C$2.78 billion, a P/E ratio of 250.67, a P/E/G ratio of 18.07 and a beta of 0.47. The company has a current ratio of 1.32, a quick ratio of 0.54 and a debt-to-equity ratio of 132.03. The company’s 50-day moving average price is C$22.04 and its 200-day moving average price is C$23.00.

Maple Leaf Foods Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 27th were issued a $0.22 dividend. The ex-dividend date was Friday, September 6th. This represents a $0.88 annualized dividend and a dividend yield of 3.90%. Maple Leaf Foods’s dividend payout ratio is presently 977.78%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on MFI. TD Securities reduced their price target on Maple Leaf Foods from C$35.00 to C$34.00 and set a “buy” rating for the company in a report on Thursday. CIBC dropped their target price on shares of Maple Leaf Foods from C$31.00 to C$30.00 in a research report on Friday, August 9th. Finally, National Bankshares decreased their price target on shares of Maple Leaf Foods from C$28.00 to C$26.00 in a research note on Thursday. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of C$29.93.

Maple Leaf Foods Company Profile

Maple Leaf Foods Inc produces food products in the United States, Canada, Japan, China, and internationally. The company operates through Meat Protein Group and Plant Protein Group segments. It produces various food products, including prepared meats, ready-to-cook and ready-to-serve meals, fresh pork and poultry, and plant protein products; bacon, hams, wieners, and meat snacks; a variety of delicatessen products; and processed chicken products, such as fully cooked chicken breasts and wings, processed turkey products, specialty sausages, cooked meats, sliced meats, cooked sausage products, lunch kits, and canned meats.