Maple Leaf Foods Inc. (TSE:MFI) Plans Quarterly Dividend of $0.22

Maple Leaf Foods Inc. (TSE:MFI) declared a quarterly dividend on Wednesday, May 1st, Zacks reports. Shareholders of record on Thursday, June 6th will be given a dividend of 0.22 per share on Friday, June 28th. This represents a $0.88 annualized dividend and a yield of 3.71%. The ex-dividend date is Thursday, June 6th.

Maple Leaf Foods Trading Up 1.5 %

TSE:MFI traded up C$0.34 during mid-day trading on Friday, hitting C$23.73. 168,225 shares of the company’s stock were exchanged, compared to its average volume of 174,546. The company has a 50 day simple moving average of C$23.29 and a 200-day simple moving average of C$24.72. The company has a current ratio of 1.17, a quick ratio of 0.54 and a debt-to-equity ratio of 140.69. Maple Leaf Foods has a fifty-two week low of C$21.52 and a fifty-two week high of C$31.63. The firm has a market capitalization of C$2.91 billion, a P/E ratio of -23.04, a PEG ratio of 18.07 and a beta of 0.48.

Maple Leaf Foods (TSE:MFI) last posted its earnings results on Thursday, February 22nd. The company reported C$0.08 earnings per share (EPS) for the quarter. The firm had revenue of C$1.19 billion during the quarter. Maple Leaf Foods had a negative net margin of 2.57% and a negative return on equity of 7.86%. As a group, research analysts expect that Maple Leaf Foods will post 0.994288 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. National Bankshares set a C$29.00 price objective on shares of Maple Leaf Foods and gave the stock an “outperform” rating in a research report on Monday, April 22nd. Canaccord Genuity Group reduced their price target on shares of Maple Leaf Foods from C$35.00 to C$30.00 and set a “buy” rating on the stock in a research report on Friday, February 23rd. BMO Capital Markets cut their target price on shares of Maple Leaf Foods from C$31.00 to C$29.00 in a report on Friday, February 23rd. Scotiabank cut their target price on shares of Maple Leaf Foods from C$33.50 to C$31.50 and set an “outperform” rating on the stock in a report on Friday. Finally, Royal Bank of Canada cut their target price on shares of Maple Leaf Foods from C$32.00 to C$29.00 and set an “outperform” rating on the stock in a report on Friday, February 23rd. Seven research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of C$30.07.

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.