Saputo Inc. (TSE:SAP) Senior Officer Leanne Cutts Acquires 4,000 Shares

Saputo Inc. (TSE:SAP) Senior Officer Leanne Cutts acquired 4,000 shares of the stock in a transaction dated 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.

Saputo Stock Down 1.2 %

Shares of SAP stock traded down C$0.32 during mid-day trading on Thursday, hitting C$25.95. The company’s stock had a trading volume of 202,278 shares, compared to its average volume of 448,798. The stock has a market cap of C$11.01 billion, a price-to-earnings ratio of 41.70, a PEG ratio of 0.56 and a beta of 0.32. The company has a debt-to-equity ratio of 53.17, a quick ratio of 0.67 and a current ratio of 1.59. Saputo Inc. has a 52-week low of C$25.28 and a 52-week high of C$32.15. The business has a 50-day moving average price of C$27.54 and a 200 day moving average price of C$29.01.

Saputo Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Tuesday, December 10th will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.93%. The ex-dividend date is Tuesday, December 10th. Saputo’s payout ratio is presently 120.63%.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. BMO Capital Markets cut shares of Saputo from an “outperform” rating to a “market perform” rating and decreased their price target for the company from C$35.00 to C$30.00 in a research report on Tuesday, October 15th. CIBC cut their target price on Saputo from C$37.00 to C$35.00 and set an “outperform” rating on the stock in a report on Monday, August 12th. TD Securities decreased their price target on Saputo from C$38.00 to C$37.00 in a research note on Monday, November 11th. National Bankshares reduced their target price on Saputo from C$36.00 to C$35.00 and set an “outperform” rating on the stock in a report on Monday, August 12th. Finally, Royal Bank of Canada reduced their price objective on shares of 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. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Saputo has an average rating of “Moderate Buy” and a consensus target price of C$34.50.

Saputo Company Profile

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.