Saputo (TSE:SAP) Stock Price Passes Above Two Hundred Day Moving Average of $29.96

Saputo Inc. (TSE:SAPGet Rating) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$29.96 and traded as high as C$34.45. Saputo shares last traded at C$33.75, with a volume of 333,523 shares changing hands.

Wall Street Analyst Weigh In

A number of research firms have weighed in on SAP. National Bankshares upped their price target on shares of Saputo from C$35.00 to C$39.00 and gave the stock an “outperform” rating in a research report on Friday, August 5th. CIBC increased their target price on shares of Saputo from C$35.00 to C$39.00 and gave the stock an “outperform” rating in a report on Friday, August 5th. Scotiabank raised their price target on shares of Saputo from C$36.00 to C$40.00 in a report on Tuesday, August 30th. TD Securities raised their price target on shares of Saputo from C$39.00 to C$42.00 and gave the stock a “buy” rating in a research report on Friday, August 5th. Finally, Royal Bank of Canada boosted their price target on shares of Saputo from C$35.00 to C$40.00 and gave the stock an “outperform” rating in a report on Friday, August 5th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of C$39.11.

Saputo Price Performance

The firm has a market capitalization of C$14.11 billion and a price-to-earnings ratio of 39.24. The company has a fifty day moving average price of C$32.92 and a two-hundred day moving average price of C$29.96. The company has a quick ratio of 0.64, a current ratio of 1.56 and a debt-to-equity ratio of 64.58.

Saputo (TSE:SAPGet Rating) last posted its quarterly earnings data on Thursday, August 4th. The company reported C$0.39 earnings per share for the quarter, beating the consensus estimate of C$0.30 by C$0.09. The firm had revenue of C$4.33 billion during the quarter, compared to analyst estimates of C$4.20 billion. On average, equities research analysts expect that Saputo Inc. will post 1.9739433 EPS for the current fiscal year.

Saputo Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 16th. Investors of record on Friday, September 16th were issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 2.13%. The ex-dividend date of this dividend was Friday, September 2nd. Saputo’s dividend payout ratio is presently 83.72%.

Insiders Place Their Bets

In other news, Senior Officer Frank Guido purchased 2,000 shares of the company’s stock in a transaction dated Friday, August 12th. The stock was acquired at an average price of C$33.50 per share, for a total transaction of C$67,002.00. Following the completion of the transaction, the insider now directly owns 7,344 shares in the company, valued at approximately C$246,031.34. In other news, Director Louis-Philippe Carrière sold 35,000 shares of Saputo stock in a transaction dated Monday, June 27th. The stock was sold at an average price of C$28.54, for a total value of C$998,900.00. Following the transaction, the director now directly owns 46,435 shares of the company’s stock, valued at approximately C$1,325,254.90. Also, Senior Officer Frank Guido acquired 2,000 shares of Saputo stock in a transaction dated Friday, August 12th. The stock was purchased at an average cost of C$33.50 per share, for a total transaction of C$67,002.00. Following the completion of the purchase, the insider now directly owns 7,344 shares in the company, valued at C$246,031.34. Over the last quarter, insiders sold 50,012 shares of company stock worth $1,509,426.

Saputo Company Profile

(Get Rating)

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.

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