Maple Leaf Foods (TSE:MFI) Stock Price Passes Below 200 Day Moving Average – Here’s What Happened

Maple Leaf Foods Inc. (TSE:MFI) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$28.81 and traded as low as C$26.63. Maple Leaf Foods shares last traded at C$27.36, with a volume of 345,215 shares changing hands.

Analyst Ratings Changes

Several equities analysts have issued reports on MFI shares. Canadian Imperial Bank of Commerce decreased their price objective on shares of Maple Leaf Foods from C$36.00 to C$35.00 in a research note on Thursday, November 6th. Royal Bank Of Canada set a C$33.00 target price on Maple Leaf Foods and gave the company an “outperform” rating in a research report on Thursday, November 27th. TD Securities dropped their price target on Maple Leaf Foods from C$43.00 to C$42.00 and set a “buy” rating on the stock in a research note on Thursday, November 6th. National Bankshares reduced their price objective on Maple Leaf Foods from C$39.00 to C$36.00 and set an “outperform” rating for the company in a research note on Thursday, October 30th. Finally, BMO Capital Markets lowered their target price on shares of Maple Leaf Foods from C$35.00 to C$33.00 in a research report on Thursday, November 6th. Six research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$35.93.

Maple Leaf Foods Trading Up 1.8%

The company has a 50 day simple moving average of C$25.43 and a 200 day simple moving average of C$28.81. The company has a current ratio of 1.26, a quick ratio of 0.54 and a debt-to-equity ratio of 130.19. The stock has a market capitalization of C$3.41 billion, a PE ratio of 16.89, a P/E/G ratio of 18.07 and a beta of 0.50.

Maple Leaf Foods (TSE:MFI) last released its earnings results on Wednesday, November 5th. The company reported C$0.49 earnings per share (EPS) for the quarter. Maple Leaf Foods had a return on equity of 2.19% and a net margin of 0.70%.The business had revenue of C$1.01 billion for the quarter. Analysts predict that Maple Leaf Foods Inc. will post 1.4334187 earnings per share for the current fiscal year.

Maple Leaf Foods Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Wednesday, December 31st were given a $0.19 dividend. The ex-dividend date was Wednesday, December 10th. This represents a $0.76 dividend on an annualized basis and a yield of 2.8%. Maple Leaf Foods’s dividend payout ratio (DPR) is presently 58.02%.

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. The key brands are Maple Leaf and Schneiders, Maple Leaf Prime Naturally, Shopsy, Mitchell’s Gourmet Food, Larse, Parm, and Hygrade.