Maple Leaf Foods Inc. (TSE:MFI) Receives Average Recommendation of “Buy” from Brokerages

Shares of Maple Leaf Foods Inc. (TSE:MFI) have received an average rating of “Buy” from the six brokerages that are covering the company, Marketbeat.com reports. Six research analysts have rated the stock with a buy rating. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is C$29.93.

A number of research firms have weighed in on MFI. TD Securities decreased their target price on shares of Maple Leaf Foods from C$35.00 to C$34.00 and set a “buy” rating for the company in a research report on Thursday, November 14th. National Bankshares lowered their target price on shares of Maple Leaf Foods from C$28.00 to C$26.00 in a research note on Thursday, November 14th.

Insider Buying and Selling

In other Maple Leaf Foods news, Director Linda Mantia bought 4,498 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were bought at an average price of C$22.23 per share, for a total transaction of C$99,990.54. 39.87% of the stock is owned by company insiders.

Maple Leaf Foods Stock Down 2.0 %

Shares of MFI opened at C$20.85 on Thursday. The stock’s 50-day moving average price is C$22.27 and its two-hundred day moving average price is C$22.80. Maple Leaf Foods has a 12 month low of C$20.83 and a 12 month high of C$27.55. The company has a market capitalization of C$2.57 billion, a PE ratio of 231.67, a PEG ratio of 18.07 and a beta of 0.47. The company has a current ratio of 1.32, a quick ratio of 0.54 and a debt-to-equity ratio of 132.03.

Maple Leaf Foods Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st will be paid a $0.22 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $0.88 annualized dividend and a dividend yield of 4.22%. Maple Leaf Foods’s dividend payout ratio is presently 977.78%.

About Maple Leaf Foods

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.