Maple Leaf Foods (TSE:MFI) Hits New 12-Month Low – Should You Sell?

Maple Leaf Foods Inc. (TSE:MFI)’s share price reached a new 52-week low on Tuesday . The stock traded as low as C$21.15 and last traded at C$21.18, with a volume of 108797 shares. The stock had previously closed at C$21.46.

Analysts Set New Price Targets

Several analysts have recently issued reports on MFI shares. National Bankshares reduced their price objective on Maple Leaf Foods from C$29.00 to C$28.00 in a research report on Friday, August 9th. CIBC decreased their price target on shares of Maple Leaf Foods from C$31.00 to C$30.00 in a research note on Friday, August 9th. Finally, TD Securities lowered their price target on shares of Maple Leaf Foods from C$36.00 to C$35.00 in a report on Friday, August 9th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Maple Leaf Foods currently has a consensus rating of “Buy” and a consensus target price of C$30.36.

Maple Leaf Foods Trading Down 1.0 %

The business has a 50 day simple moving average of C$22.25 and a 200-day simple moving average of C$23.15. The company has a current ratio of 1.32, a quick ratio of 0.54 and a debt-to-equity ratio of 132.03. The stock has a market capitalization of C$2.62 billion, a price-to-earnings ratio of 238.44, a price-to-earnings-growth ratio of 18.07 and a beta of 0.47.

Maple Leaf Foods (TSE:MFI) last issued its quarterly earnings results on Thursday, August 8th. The company reported C$0.18 EPS for the quarter, topping the consensus estimate of C$0.17 by C$0.01. The firm had revenue of C$1.26 billion during the quarter, compared to analyst estimates of C$1.27 billion. Maple Leaf Foods had a net margin of 0.24% and a return on equity of 0.75%. On average, equities analysts predict that Maple Leaf Foods Inc. will post 1.4334187 earnings per share for the current year.

Maple Leaf Foods Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 27th were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 4.14%. The ex-dividend date was Friday, September 6th. Maple Leaf Foods’s dividend payout ratio is presently 977.78%.

Insider Activity at Maple Leaf Foods

In other Maple Leaf Foods news, Senior Officer Iain William Stewart sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of C$22.90, for a total value of C$114,500.00. In other Maple Leaf Foods news, Senior Officer Jonathan David Sawatzky sold 2,600 shares of the business’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of C$21.23, for a total transaction of C$55,198.00. Also, Senior Officer Iain William Stewart sold 5,000 shares of Maple Leaf Foods stock in a transaction dated Monday, August 12th. The shares were sold at an average price of C$22.90, for a total transaction of C$114,500.00. 39.87% of the stock is owned by insiders.

Maple Leaf Foods Company Profile

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.