Maple Leaf Foods (TSE:MFI) Stock Crosses Below Two Hundred Day Moving Average – Here’s Why

Maple Leaf Foods Inc. (TSE:MFI) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$22.56 and traded as low as C$20.38. Maple Leaf Foods shares last traded at C$20.45, with a volume of 170,468 shares changing hands.

Analysts Set New Price Targets

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

Maple Leaf Foods Trading Down 0.2 %

The firm has a market cap of C$2.52 billion, a price-to-earnings ratio of 227.22, a PEG ratio of 18.07 and a beta of 0.47. The company has a quick ratio of 0.54, a current ratio of 1.32 and a debt-to-equity ratio of 132.03. The company has a 50-day moving average price of C$21.78 and a 200 day moving average price of C$22.56.

Maple Leaf Foods Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st were issued a $0.22 dividend. The ex-dividend date was Friday, December 6th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 4.30%. Maple Leaf Foods’s dividend payout ratio is 977.78%.

Insider Transactions at Maple Leaf Foods

In related news, Director Linda Mantia purchased 4,498 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were acquired at an average cost of C$22.23 per share, with a total value of C$99,990.54. 39.87% of the stock is owned by insiders.

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.