Maple Leaf Foods (TSE:MFI) Price Target Raised to C$41.00

Maple Leaf Foods (TSE:MFI) had its price objective upped by TD Securities from C$38.00 to C$41.00 in a research note published on Tuesday morning,BayStreet.CA reports. They currently have a buy rating on the stock.

Several other equities analysts also recently weighed in on the company. Stifel Canada raised Maple Leaf Foods to a “strong-buy” rating in a research report on Monday, June 2nd. Scotiabank raised Maple Leaf Foods to a “hold” rating in a research report on Tuesday, April 1st. One research analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of C$33.60.

Maple Leaf Foods Stock Performance

TSE:MFI opened at C$30.34 on Tuesday. The company has a debt-to-equity ratio of 130.19, a current ratio of 1.26 and a quick ratio of 0.54. Maple Leaf Foods has a 1 year low of C$19.61 and a 1 year high of C$30.70. The stock’s 50 day simple moving average is C$27.96 and its two-hundred day simple moving average is C$24.88. The company has a market cap of C$3.80 billion, a price-to-earnings ratio of 111.97, a PEG ratio of 18.07 and a beta of 0.47.

Maple Leaf Foods Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 30th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 3.16%. The ex-dividend date was Friday, June 6th. Maple Leaf Foods’s dividend payout ratio is currently 324.76%.

Insider Buying and Selling

In other Maple Leaf Foods news, Senior Officer Olajumoke Fagbemi sold 3,600 shares of the company’s stock in a transaction on Friday, May 16th. The stock was sold at an average price of C$26.33, for a total value of C$94,788.00. Following the transaction, the insider owned 28 shares of the company’s stock, valued at C$737.24. This represents a 99.23% decrease in their position. 39.87% of the stock is owned by company insiders.

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.