Maple Leaf Foods Inc. (TSE:MFI) Given Average Recommendation of “Buy” by Brokerages

Shares of Maple Leaf Foods Inc. (TSE:MFI) have been given a consensus recommendation of “Buy” by the six brokerages that are presently covering the company, MarketBeat.com reports. Six research analysts have rated the stock with a buy recommendation. The average 1 year price objective among brokers that have covered the stock in the last year is C$29.93.

Several brokerages recently issued reports on MFI. National Bankshares reduced their price objective on Maple Leaf Foods from C$28.00 to C$26.00 in a research note on Thursday, November 14th. TD Securities decreased their price target on shares of 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.

Insiders Place Their Bets

In related news, Director Linda Mantia purchased 4,498 shares of the firm’s stock in a transaction dated Friday, November 15th. The stock was bought at an average price 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 Stock Up 8.1 %

Shares of TSE:MFI opened at C$21.81 on Monday. The firm has a market cap of C$2.69 billion, a P/E ratio of 242.33, a P/E/G ratio of 18.07 and a beta of 0.47. The firm’s fifty day moving average price is C$21.72. The company has a debt-to-equity ratio of 132.03, a quick ratio of 0.54 and a current ratio of 1.32. Maple Leaf Foods has a 12-month low of C$19.61 and a 12-month high of C$27.55.

Maple Leaf Foods Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 4.03%. The ex-dividend date of this dividend was Friday, December 6th. Maple Leaf Foods’s dividend payout ratio (DPR) is presently 977.78%.

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.