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Maple Leaf Foods (TSE:MFI) Stock Crosses Below 200 Day Moving Average of $27.54

Defense World · Aug 23, 2022 03:42

Maple Leaf Foods Inc. (TSE:MFI – Get Rating) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$27.54 and traded as low as C$23.33. Maple Leaf Foods shares last traded at C$23.41, with a volume of 106,328 shares traded.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on MFI shares. TD Securities cut their price objective on shares of Maple Leaf Foods from C$45.00 to C$39.00 and set an "action list buy" rating on the stock in a research report on Friday, August 5th. CIBC reduced their price objective on shares of Maple Leaf Foods from C$41.00 to C$35.00 and set an "outperform" rating on the stock in a research report on Friday, August 5th. Scotiabank decreased their price objective on shares of Maple Leaf Foods from C$40.00 to C$34.00 in a research note on Friday, August 5th. Royal Bank of Canada cut their target price on Maple Leaf Foods from C$42.00 to C$36.00 and set an "outperform" rating on the stock in a research note on Friday, August 5th. Finally, BMO Capital Markets decreased their price target on Maple Leaf Foods from C$36.00 to C$31.00 in a research note on Friday, August 5th. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of C$35.00.

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Maple Leaf Foods Stock Performance

The company has a quick ratio of 0.54, a current ratio of 1.58 and a debt-to-equity ratio of 83.88. The firm has a 50 day moving average of C$25.21 and a 200-day moving average of C$27.54. The company has a market cap of C$2.92 billion and a P/E ratio of 585.25.

Maple Leaf Foods Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 29th. Investors of record on Thursday, September 8th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 3.42%. The ex-dividend date is Wednesday, September 7th. Maple Leaf Foods's dividend payout ratio (DPR) is presently 1,900.00%.

Insider Buying and Selling at Maple Leaf Foods

In other news, Senior Officer Bentley Andrew Brooks sold 9,997 shares of the company's stock in a transaction that occurred on Friday, June 10th. The shares were sold at an average price of C$27.40, for a total value of C$273,917.80. Following the completion of the sale, the insider now owns 21,973 shares of the company's stock, valued at approximately C$602,060.20. In related news, Senior Officer Curtis Eugene Frank acquired 3,218 shares of the company's stock in a transaction that occurred on Thursday, June 30th. The shares were bought at an average price of C$25.32 per share, with a total value of C$81,479.76. Following the completion of the transaction, the insider now directly owns 3,218 shares in the company, valued at C$81,479.76. Also, Senior Officer Bentley Andrew Brooks sold 9,997 shares of Maple Leaf Foods stock in a transaction that occurred on Friday, June 10th. The stock was sold at an average price of C$27.40, for a total transaction of C$273,917.80. Following the completion of the transaction, the insider now directly owns 21,973 shares in the company, valued at approximately C$602,060.20.

Maple Leaf Foods Company Profile

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Maple Leaf Foods Inc produces food products in the United States, Canada, Japan, China, and internationally. It produces various food products, including prepared meats, ready-to-cook and ready-to-serve meals, snacks kits, fresh pork and poultry, and plant protein products. The company offers its products under various brands, including Maple Leaf, Schneiders, Greenfield Natural Meat Co, Swift, Prime, Maple Leaf Natural Selections, Mina, Big Stick, Cappola, Deli Express, Field Roast Grain Meat Co, Holiday, Hygrade, Larsen, Lightlife, Lunch Mate, Main Street Deli, Maple Leaf Foodservice, Mitchell's, Olympic Craft Meats, Parma, Shopsy's, Sunrise, and Swift.