Maple Leaf Foods (TSE:MFI) Sets New 12-Month Low – Here’s What Happened

Shares of Maple Leaf Foods Inc. (TSE:MFI) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as C$20.11 and last traded at C$20.32, with a volume of 263108 shares trading hands. The stock had previously closed at C$20.34.

Analyst Ratings Changes

MFI has been the subject of a number of recent research reports. TD Securities reduced their price objective on shares of Maple Leaf Foods from C$35.00 to C$34.00 and set a “buy” rating for the company in a research note on Thursday, November 14th. National Bankshares dropped their target price on Maple Leaf Foods from C$28.00 to C$26.00 in a report on Thursday, November 14th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of C$29.93.

Maple Leaf Foods Stock Down 0.0 %

The company has a current ratio of 1.32, a quick ratio of 0.54 and a debt-to-equity ratio of 132.03. The firm’s 50 day moving average price is C$22.12 and its two-hundred day moving average price is C$22.73. The company has a market capitalization of C$2.50 billion, a price-to-earnings ratio of 225.67, a price-to-earnings-growth ratio of 18.07 and a beta of 0.47.

Maple Leaf Foods Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 4.33%. The ex-dividend date of this dividend is Friday, December 6th. Maple Leaf Foods’s dividend payout ratio (DPR) is presently 977.78%.

Insider Activity

In related news, Director Linda Mantia acquired 4,498 shares of the business’s stock in a transaction on Friday, November 15th. The stock was purchased at an average cost of C$22.23 per share, for a total transaction of C$99,990.54. Insiders own 39.87% of the company’s stock.

Maple Leaf Foods Company Profile

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.