Maple Leaf Foods (TSE:MFI) Shares Pass Above 200-Day Moving Average of $26.79

Shares of Maple Leaf Foods Inc. (TSE:MFI) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$26.79 and traded as high as C$29.80. Maple Leaf Foods shares last traded at C$29.52, with a volume of 213,677 shares traded.

Analysts Set New Price Targets

A number of analysts recently commented on MFI shares. TD Securities lifted their price objective on Maple Leaf Foods from C$39.00 to C$40.00 and gave the stock an “action list buy” rating in a research report on Friday, August 4th. BMO Capital Markets upgraded Maple Leaf Foods from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from C$27.00 to C$34.00 in a research report on Friday, August 4th. Scotiabank boosted their target price on Maple Leaf Foods from C$33.50 to C$37.00 and gave the stock an “outperform” rating in a research report on Friday, August 4th. Finally, CIBC boosted their target price on Maple Leaf Foods from C$33.00 to C$37.00 and gave the stock an “outperform” rating in a research report on Friday, August 4th.

Maple Leaf Foods Price Performance

The company has a debt-to-equity ratio of 137.65, a quick ratio of 0.54 and a current ratio of 1.15. The company has a 50-day moving average of C$27.76 and a 200-day moving average of C$26.81. The firm has a market capitalization of C$3.59 billion, a price-to-earnings ratio of -9.46, a price-to-earnings-growth ratio of 18.07 and a beta of 0.62.

Maple Leaf Foods Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 28th. Investors of record on Friday, September 8th will be given a $0.21 dividend. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $0.84 annualized dividend and a dividend yield of 2.85%. Maple Leaf Foods’s dividend payout ratio is presently -26.69%.

Insider Activity at Maple Leaf Foods

In related news, Director Katherine Newell Lemon sold 3,500 shares of the business’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of C$29.88, for a total value of C$104,563.55. 40.22% 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 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.