Maple Leaf Foods (TSE:MFI) Reaches New 1-Year Low – Here’s Why

Maple Leaf Foods Inc. (TSE:MFI) hit a new 52-week low during mid-day trading on Monday . The company traded as low as C$19.94 and last traded at C$19.95, with a volume of 64621 shares traded. The stock had previously closed at C$20.12.

Analysts Set New Price Targets

A number of brokerages have commented on MFI. National Bankshares decreased their target price on Maple Leaf Foods from C$28.00 to C$26.00 in a research note on Thursday, November 14th. TD Securities lowered their price objective on 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. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Maple Leaf Foods has an average rating of “Buy” and an average target price of C$29.93.

Maple Leaf Foods Trading Up 3.4 %

The firm has a 50-day moving average of C$21.90 and a 200 day moving average of C$22.64. 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 stock has a market capitalization of C$2.50 billion, a price-to-earnings ratio of 226.00, a PEG ratio of 18.07 and a beta of 0.47.

Maple Leaf Foods Announces Dividend

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

Insider Activity at Maple Leaf Foods

In related news, Director Linda Mantia acquired 4,498 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were acquired at an average price of C$22.23 per share, for a total transaction of C$99,990.54. Company insiders own 39.87% of the company’s stock.

About Maple Leaf Foods

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.