Maple Leaf Foods Inc. (TSE:MFI) Receives Average Rating of “Buy” from Brokerages

Shares of Maple Leaf Foods Inc. (TSE:MFI) have received an average recommendation of “Buy” from the six brokerages that are presently covering the stock, MarketBeat Ratings reports. Six analysts have rated the stock with a buy recommendation. The average 1-year price target among brokerages that have covered the stock in the last year is C$29.93.

MFI has been the subject of several research analyst reports. National Bankshares dropped their price objective on Maple Leaf Foods from C$28.00 to C$26.00 in a report on Thursday, November 14th. TD Securities reduced their price objective on shares of Maple Leaf Foods from C$35.00 to C$34.00 and set a “buy” rating on the stock in a research report on Thursday, November 14th. 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.

Insider Transactions at Maple Leaf Foods

In other news, Director Linda Mantia purchased 4,498 shares of Maple Leaf Foods stock in a transaction that occurred on Friday, November 15th. The stock was bought at an average price of C$22.23 per share, with a total value of C$99,990.54. Also, Senior Officer Jonathan David Sawatzky sold 2,600 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of C$21.23, for a total transaction of C$55,198.00. Insiders own 39.87% of the company’s stock.

Maple Leaf Foods Stock Performance

Shares of TSE:MFI opened at C$23.13 on Friday. The company has a current ratio of 1.32, a quick ratio of 0.54 and a debt-to-equity ratio of 132.03. The company has a 50-day moving average price of C$22.19 and a 200-day moving average price of C$22.94. The company has a market cap of C$2.85 billion, a price-to-earnings ratio of 257.00, a price-to-earnings-growth ratio of 18.07 and a beta of 0.47. Maple Leaf Foods has a 12 month low of C$21.05 and a 12 month high of C$27.55.

Maple Leaf Foods Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 27th were issued a dividend of $0.22 per share. The ex-dividend date of this dividend was Friday, September 6th. This represents a $0.88 annualized dividend and a dividend yield of 3.80%. Maple Leaf Foods’s payout ratio is 977.78%.

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.