Saputo (TSE:SAP – Free Report) had its price target trimmed by BMO Capital Markets from C$37.00 to C$34.00 in a research report report published on Monday morning, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.
Several other research analysts have also weighed in on the company. Scotiabank dropped their target price on Saputo from C$34.00 to C$31.50 and set a sector perform rating on the stock in a research report on Monday. CIBC dropped their target price on Saputo from C$38.00 to C$37.00 and set an outperform rating on the stock in a research report on Monday. National Bankshares lowered their price objective on Saputo from C$36.00 to C$35.00 and set an outperform rating on the stock in a report on Monday. Finally, Desjardins lowered their price objective on Saputo from C$35.00 to C$33.00 and set a buy rating on the stock in a report on Monday. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company. According to MarketBeat.com, Saputo presently has a consensus rating of Moderate Buy and a consensus price target of C$35.19.
Saputo Stock Performance
Saputo Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Tuesday, December 5th will be issued a dividend of $0.185 per share. This represents a $0.74 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date is Monday, December 4th. Saputo’s dividend payout ratio is 49.33%.
In related news, Director Anna Lisa King sold 2,000 shares of the stock in a transaction that occurred on Thursday, August 24th. The stock was sold at an average price of C$28.35, for a total transaction of C$56,692.00. 42.28% of the stock is currently owned by insiders.
Saputo Company Profile
Saputo Inc produces, markets, and distributes dairy products in Canada, the United States, Argentina, Australia, and the United Kingdom. The company offers cheeses, including mozzarella and cheddar; specialty cheeses, such as ricotta, provolone, blue, parmesan, goat cheese, feta, romano, and havarti; fine cheeses comprising brie and camembert; and other cheeses that include brick, colby, farmer, munster, monterey jack, fresh curd, and processed cheeses.
- Five stocks we like better than Saputo
- What is a Special Dividend?
- Amazon, Target, Walmart in a race for fastest delivery
- Stock Splits, Do They Really Impact Investors?
- Palo Alto Networks: the one security stock to rule them all
- Roth IRA Calculator: Calculate Your Potential Returns
- Is it time to buy the dip in Walmart shares?
Receive News & Ratings for Saputo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Saputo and related companies with MarketBeat.com's FREE daily email newsletter.