Insider Buying: Saputo Inc. (TSE:SAP) Senior Officer Buys 4,950 Shares of Stock

Saputo Inc. (TSE:SAP) Senior Officer Richard Wallace acquired 4,950 shares of the company’s stock in a transaction that occurred on Wednesday, June 26th. The stock was purchased at an average cost of C$30.48 per share, for a total transaction of C$150,899.76.

Saputo Stock Performance

TSE:SAP opened at C$30.72 on Friday. Saputo Inc. has a twelve month low of C$25.28 and a twelve month high of C$31.24. The company has a current ratio of 1.55, a quick ratio of 0.67 and a debt-to-equity ratio of 58.27. The company has a 50-day moving average of C$28.07 and a 200-day moving average of C$27.39. The firm has a market cap of C$13.04 billion, a price-to-earnings ratio of 39.38, a price-to-earnings-growth ratio of 0.21 and a beta of 0.32.

Saputo (TSE:SAP) last posted its quarterly earnings data on Thursday, June 6th. The company reported C$0.37 earnings per share for the quarter, meeting the consensus estimate of C$0.37. Saputo had a net margin of 1.92% and a return on equity of 4.76%. The company had revenue of C$4.55 billion during the quarter, compared to analyst estimates of C$4.25 billion. Analysts forecast that Saputo Inc. will post 1.915804 earnings per share for the current fiscal year.

Saputo Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 26th. Shareholders of record on Tuesday, June 18th were paid a dividend of $0.185 per share. This represents a $0.74 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date was Tuesday, June 18th. Saputo’s dividend payout ratio is presently 94.87%.

Wall Street Analysts Forecast Growth

SAP has been the subject of a number of recent analyst reports. CIBC increased their target price on shares of Saputo from C$35.00 to C$37.00 and gave the company an “outperform” rating in a research report on Monday, June 10th. BMO Capital Markets increased their target price on shares of Saputo from C$34.00 to C$35.00 and gave the company an “outperform” rating in a research report on Monday, June 10th. National Bankshares increased their target price on shares of Saputo from C$33.00 to C$35.00 and gave the company an “outperform” rating in a research report on Monday, June 10th. Royal Bank of Canada increased their target price on shares of Saputo from C$36.00 to C$39.00 and gave the company an “outperform” rating in a research report on Tuesday, June 4th. Finally, TD Securities increased their target price on shares of Saputo from C$36.00 to C$37.00 and gave the company a “buy” rating in a research report on Monday, June 10th. Seven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of C$35.79.

About Saputo

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.