Maple Leaf Foods (TSE:MFI) Hits New 12-Month Low at $21.80

Maple Leaf Foods Inc. (TSE:MFI) hit a new 52-week low on Friday . The company 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

MFI has been the subject of a number of research reports. CIBC reduced their target price on shares of Maple Leaf Foods from C$31.00 to C$30.00 in a report on Friday, August 9th. TD Securities decreased their price target on Maple Leaf Foods from C$36.00 to C$35.00 in a report on Friday, August 9th. Finally, National Bankshares dropped their price objective on shares of Maple Leaf Foods from C$29.00 to C$28.00 in a research note on Friday, August 9th. Six 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$30.36.

Maple Leaf Foods Stock Performance

The stock has a 50 day moving average of C$23.63 and a two-hundred day moving average of C$23.41. The stock has a market capitalization of C$2.68 billion, a PE ratio of 241.56, a P/E/G ratio of 18.07 and a beta of 0.47. The company has a debt-to-equity ratio of 132.03, a current ratio of 1.32 and a quick ratio of 0.54.

Maple Leaf Foods (TSE:MFI) last posted its quarterly 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 analysts’ expectations of C$1.27 billion. Maple Leaf Foods had a net margin of 0.24% and a return on equity of 0.75%. Research analysts expect that Maple Leaf Foods Inc. will post 1.4796531 EPS for the current fiscal year.

Maple Leaf Foods Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 27th will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 4.05%. The ex-dividend date of this dividend is Friday, September 6th. Maple Leaf Foods’s payout ratio is currently 977.78%.

Insiders Place Their Bets

In other news, Senior Officer Iain William Stewart sold 5,000 shares of Maple Leaf Foods stock in a transaction on Monday, August 12th. The stock was sold at an average price of C$22.90, for a total transaction of C$114,500.00. 39.98% of the stock is owned by company insiders.

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.