Maple Leaf Foods Inc. (TSE:MFI – Get Free Report)’s share price reached a new 52-week low during trading on Friday . The stock traded as low as C$21.80 and last traded at C$21.76, with a volume of 91528 shares trading hands. The stock had previously closed at C$21.96.
Analysts Set New Price Targets
Several equities analysts have commented on MFI shares. National Bankshares dropped their target price on Maple Leaf Foods from C$29.00 to C$28.00 in a research report on Friday, August 9th. TD Securities decreased their target price on Maple Leaf Foods from C$36.00 to C$35.00 in a research note on Friday, August 9th. Finally, CIBC decreased their target price on Maple Leaf Foods from C$31.00 to C$30.00 in a research note on Friday, August 9th. Seven analysts have rated the stock with a buy rating, According to data from MarketBeat, Maple Leaf Foods has a consensus rating of “Buy” and a consensus target price of C$30.36.
Check Out Our Latest Stock Analysis on MFI
Maple Leaf Foods Stock Performance
Maple Leaf Foods (TSE:MFI – Get Free Report) last announced its earnings results on Thursday, August 8th. The company reported C$0.18 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.17 by C$0.01. The business had revenue of C$1.26 billion for the quarter, compared to analyst estimates of C$1.27 billion. Maple Leaf Foods had a return on equity of 0.75% and a net margin of 0.24%. Analysts predict that Maple Leaf Foods Inc. will post 1.4796531 EPS for the current fiscal year.
Maple Leaf Foods Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 27th will be given a dividend of $0.22 per share. The ex-dividend date is Friday, September 6th. This represents a $0.88 annualized dividend and a dividend yield of 4.04%. Maple Leaf Foods’s dividend payout ratio (DPR) is presently 977.78%.
Insider Activity
In other news, Senior Officer Iain William Stewart sold 5,000 shares of the stock in a transaction dated Monday, August 12th. The stock was sold at an average price of C$22.90, for a total transaction of C$114,500.00. Corporate insiders own 39.98% of the company’s stock.
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.
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