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

Maple Leaf Foods Inc. (TSE:MFI) Director Linda Mantia acquired 4,498 shares of the stock in a transaction dated Friday, November 15th. The stock was acquired at an average price of C$22.23 per share, for a total transaction of C$99,990.54.

Maple Leaf Foods Price Performance

Maple Leaf Foods stock opened at C$22.56 on Monday. Maple Leaf Foods Inc. has a 52-week low of C$21.05 and a 52-week high of C$27.55. The company has a quick ratio of 0.54, a current ratio of 1.32 and a debt-to-equity ratio of 132.03. The firm’s fifty day moving average is C$22.04 and its 200 day moving average is C$22.99. The company has a market cap of C$2.78 billion, a price-to-earnings ratio of 250.67, 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 Friday, September 27th. Stockholders of record on Friday, September 27th were issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.90%. The ex-dividend date was Friday, September 6th. Maple Leaf Foods’s dividend payout ratio (DPR) is 977.78%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on MFI. TD Securities lowered their price target on Maple Leaf Foods from C$35.00 to C$34.00 and set a “buy” rating on the stock in a report on Thursday. National Bankshares lowered their target price on shares of Maple Leaf Foods from C$28.00 to C$26.00 in a report on Thursday. Finally, 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. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of C$29.93.

About Maple Leaf Foods

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.