Saputo Inc. (TSE:SAP) Senior Officer Buys C$150,899.76 in Stock

Saputo Inc. (TSE:SAP) Senior Officer Richard Wallace purchased 4,950 shares of the stock in a transaction that occurred on Wednesday, June 26th. The stock was bought at an average cost of C$30.48 per share, with a total value of C$150,899.76.

Saputo Stock Down 1.4 %

Shares of TSE SAP opened at C$30.72 on Friday. Saputo Inc. has a 12 month low of C$25.28 and a 12 month high of C$31.24. The company has a current ratio of 1.55, a quick ratio of 0.67 and a debt-to-equity ratio of 58.27. The firm has a market capitalization of C$13.04 billion, a price-to-earnings ratio of 39.38, a PEG ratio of 0.21 and a beta of 0.32. The business has a 50-day moving average of C$28.07 and a 200-day moving average of C$27.40.

Saputo (TSE:SAP) last issued its quarterly earnings data on Thursday, June 6th. The company reported C$0.37 EPS for the quarter, hitting the consensus estimate of C$0.37. Saputo had a return on equity of 4.76% and a net margin of 1.92%. The company had revenue of C$4.55 billion during the quarter, compared to analyst estimates of C$4.25 billion. Sell-side analysts expect that Saputo Inc. will post 1.915804 earnings per share for the current fiscal year.

Saputo Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 26th. Stockholders of record on Tuesday, June 18th were issued a dividend of $0.185 per share. This represents a $0.74 annualized dividend and a dividend yield of 2.41%. The ex-dividend date of this dividend was Tuesday, June 18th. Saputo’s payout ratio is 94.87%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. BMO Capital Markets raised their target price on Saputo from C$34.00 to C$35.00 and gave the company an “outperform” rating in a research report on Monday, June 10th. CIBC raised their target price on Saputo from C$35.00 to C$37.00 and gave the company an “outperform” rating in a research report on Monday, June 10th. Desjardins raised their target price on Saputo from C$33.00 to C$35.00 and gave the stock a “buy” rating in a research note on Monday, June 10th. National Bankshares raised their target price on Saputo from C$33.00 to C$35.00 and gave the stock an “outperform” rating in a research note on Monday, June 10th. Finally, TD Securities raised their target price on Saputo from C$36.00 to C$37.00 and gave the stock a “buy” rating in a research note on Monday, June 10th. Seven research analysts have rated the stock with a buy rating, According to data from MarketBeat, Saputo presently has a consensus rating of “Buy” and an average price target of C$35.79.

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.