Maple Leaf Foods (TSE:MFI) Upgraded at Stifel Canada

Stifel Canada upgraded shares of Maple Leaf Foods (TSE:MFI) to a strong-buy rating in a research report report published on Monday morning,Zacks.com reports.

A number of other analysts have also recently weighed in on the company. National Bankshares raised their price objective on Maple Leaf Foods from C$26.00 to C$27.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 26th. TD Securities raised their price objective on Maple Leaf Foods from C$34.00 to C$38.00 and gave the stock a “buy” rating in a research report on Friday, May 9th. Scotiabank raised Maple Leaf Foods to a “hold” rating in a research report on Tuesday, April 1st. CIBC raised their target price on Maple Leaf Foods from C$30.00 to C$32.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 26th. Finally, Royal Bank of Canada raised their target price on Maple Leaf Foods from C$29.00 to C$30.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 26th. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of C$31.80.

Maple Leaf Foods Stock Up 0.1%

Maple Leaf Foods stock opened at C$27.80 on Monday. The company has a debt-to-equity ratio of 130.19, a current ratio of 1.26 and a quick ratio of 0.54. The stock has a market capitalization of C$3.48 billion, a price-to-earnings ratio of 102.59, a PEG ratio of 18.07 and a beta of 0.47. Maple Leaf Foods has a 1-year low of C$19.61 and a 1-year high of C$28.49. The business has a fifty day moving average price of C$25.39 and a 200-day moving average price of C$23.44.

Maple Leaf Foods Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 30th will be paid a $0.24 dividend. The ex-dividend date is Friday, June 6th. This represents a $0.96 dividend on an annualized basis and a yield of 3.45%. Maple Leaf Foods’s dividend payout ratio (DPR) is 324.76%.

Insider Buying and Selling

In other news, Senior Officer Olajumoke Fagbemi sold 3,600 shares of the business’s stock in a transaction dated Friday, May 16th. The stock was sold at an average price of C$26.33, for a total value of C$94,788.00. Following the completion of the transaction, the insider now owns 28 shares of the company’s stock, valued at C$737.24. The trade was a 99.23% decrease in their position. 39.87% of the stock is currently owned by company insiders.

About Maple Leaf Foods

Maple Leaf Foods Inc is a consumer-packaged meats company. It produces prepared meats and meals, fresh pork, and poultry and turkey products. The company also has agribusiness operations. These operations supply livestock to the meat products business operations. Its main markets are Canada, the United States, Japan, and China.