Saputo (TSE:SAP) Hits New 1-Year Low – Should You Sell?

Saputo Inc. (TSE:SAP)’s stock price hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as C$22.94 and last traded at C$22.96, with a volume of 250865 shares trading hands. The stock had previously closed at C$23.31.

Wall Street Analyst Weigh In

SAP has been the subject of several research analyst reports. TD Securities cut their target price on shares of Saputo from C$38.00 to C$37.00 in a research note on Monday, November 11th. Jefferies Financial Group decreased their target price on Saputo from C$36.00 to C$32.00 and set a “buy” rating on the stock in a research report on Monday, December 23rd. Royal Bank of Canada lowered their price target on Saputo from C$39.00 to C$38.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 29th. Desjardins set a C$34.00 price objective on Saputo in a research report on Monday, November 11th. Finally, BMO Capital Markets lowered their price objective on Saputo from C$30.00 to C$27.00 and set a “market perform” rating on the stock in a research report on Friday. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$33.81.

Saputo Stock Down 2.6 %

The company has a quick ratio of 0.67, a current ratio of 1.59 and a debt-to-equity ratio of 53.17. The firm has a market cap of C$9.63 billion, a P/E ratio of 36.03, a P/E/G ratio of 0.56 and a beta of 0.32. The business has a fifty day moving average of C$25.78 and a 200 day moving average of C$28.42.

Saputo Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 20th were issued a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 3.35%. The ex-dividend date of this dividend was Tuesday, December 10th. Saputo’s dividend payout ratio (DPR) is 120.63%.

Insider Buying and Selling at Saputo

In related news, Senior Officer Leanne Cutts bought 4,000 shares of Saputo stock in a transaction that occurred on Wednesday, November 27th. The stock was purchased at an average cost of C$26.25 per share, with a total value of C$105,000.00. Insiders own 40.45% of the company’s stock.

About Saputo

Saputo Inc produces, markets, and distributes dairy products in Canada, the United States, Argentina, Australia, and the United Kingdom. The company offers cheeses, including mozzarella and cheddar; specialty cheeses, such as ricotta, provolone, blue, parmesan, goat cheese, feta, romano, and havarti; fine cheeses comprising brie and camembert; and other cheeses that include brick, colby, farmer, munster, monterey jack, fresh curd, and processed cheeses.