Maple Leaf Foods (TSE:MFI) Given New C$43.00 Price Target at TD Securities

Maple Leaf Foods (TSE:MFI) had its price objective decreased by TD Securities from C$47.00 to C$43.00 in a research note published on Thursday,BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

Several other analysts also recently issued reports on MFI. Stifel Nicolaus raised their price objective on shares of Maple Leaf Foods from C$36.50 to C$40.50 and gave the stock a “buy” rating in a research note on Friday, August 8th. Scotiabank lifted their price target on shares of Maple Leaf Foods from C$30.00 to C$35.00 and gave the company a “sector perform” rating in a research note on Friday, August 8th. Royal Bank Of Canada lifted their price target on shares of Maple Leaf Foods from C$35.00 to C$38.00 and gave the company an “outperform” rating in a research note on Friday, August 8th. CIBC lifted their price target on shares of Maple Leaf Foods from C$32.00 to C$38.00 in a research note on Wednesday, July 16th. Finally, National Bankshares lifted their price target on shares of Maple Leaf Foods from C$36.00 to C$39.00 and gave the company an “outperform” rating in a research note on Friday, September 12th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of C$37.93.

Maple Leaf Foods Stock Down 10.5%

Shares of TSE MFI opened at C$31.24 on Thursday. 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 company has a market cap of C$3.89 billion, a P/E ratio of 21.69, a PEG ratio of 18.07 and a beta of 0.82. Maple Leaf Foods has a 1 year low of C$19.61 and a 1 year high of C$36.35. The firm has a 50-day simple moving average of C$34.03 and a two-hundred day simple moving average of C$29.20.

Maple Leaf Foods Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Monday, September 29th were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend was Friday, September 5th. Maple Leaf Foods’s dividend payout ratio (DPR) is presently 63.89%.

Insider Activity at Maple Leaf Foods

In other Maple Leaf Foods news, insider Olajumoke Fagbemi acquired 2,651 shares of the business’s stock in a transaction that occurred on Wednesday, August 27th. The shares were bought at an average cost of C$35.71 per share, with a total value of C$94,665.62. Following the completion of the acquisition, the insider directly owned 2,679 shares in the company, valued at C$95,665.48. This represents a 9,467.86% increase in their position. Also, insider Andreas Liris sold 1,000 shares of Maple Leaf Foods stock in a transaction on Friday, August 15th. The stock was sold at an average price of C$34.77, for a total transaction of C$34,770.00. Following the completion of the transaction, the insider directly owned 14,001 shares in the company, valued at C$486,814.77. This represents a 6.67% decrease in their ownership of the stock. Company insiders own 39.87% of the company’s stock.

Maple Leaf Foods Company Profile

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.