Saputo Inc. (SAP) to Issue Quarterly Dividend of $0.19 on September 20th

Saputo Inc. (TSE:SAP) declared a quarterly dividend on Thursday, August 8th, Zacks reports. Investors of record on Tuesday, September 10th will be given a dividend of 0.19 per share on Friday, September 20th. This represents a $0.76 annualized dividend and a yield of 2.48%. The ex-dividend date of this dividend is Tuesday, September 10th. This is a boost from Saputo’s previous quarterly dividend of $0.19.

Saputo Price Performance

Shares of TSE SAP traded down C$0.92 during mid-day trading on Friday, hitting C$30.64. 286,343 shares of the company’s stock traded hands, compared to its average volume of 415,206. The company has a debt-to-equity ratio of 58.27, a current ratio of 1.55 and a quick ratio of 0.67. Saputo has a 1 year low of C$25.28 and a 1 year high of C$32.15. The company’s 50-day moving average is C$30.58 and its two-hundred day moving average is C$28.32. The company has a market capitalization of C$13.00 billion, a P/E ratio of 39.28, a PEG ratio of 0.21 and a beta of 0.32.

Saputo (TSE:SAP) last issued its quarterly earnings data on Thursday, June 6th. The company reported C$0.37 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of C$0.37. Saputo had a return on equity of 4.76% and a net margin of 1.92%. The business had revenue of C$4.55 billion for the quarter, compared to the consensus estimate of C$4.25 billion. On average, equities analysts anticipate that Saputo will post 1.915804 EPS for the current fiscal year.

Insider Transactions at Saputo

In other news, Senior Officer Richard Wallace acquired 4,950 shares of the company’s stock in a transaction that occurred on Wednesday, June 26th. The shares were bought at an average price of C$30.48 per share, with a total value of C$150,899.76. In other news, Senior Officer Richard Wallace acquired 4,950 shares of the company’s stock in a transaction that occurred on Wednesday, June 26th. The shares were bought at an average price of C$30.48 per share, with a total value of C$150,899.76. Also, Senior Officer Sindy Saragoca acquired 1,361 shares of the company’s stock in a transaction that occurred on Monday, June 17th. The stock was purchased at an average cost of C$29.39 per share, for a total transaction of C$39,999.79. Company insiders own 42.11% of the company’s stock.

Analyst Ratings Changes

SAP has been the topic of a number of recent research reports. BMO Capital Markets upped their price objective 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. Desjardins upped their price objective on Saputo from C$33.00 to C$35.00 and gave the company a “buy” rating in a research report on Monday, June 10th. TD Securities upped their price objective on Saputo from C$36.00 to C$37.00 and gave the company a “buy” rating in a research report on Monday, June 10th. National Bankshares increased their price target on Saputo from C$35.00 to C$36.00 in a report on Friday, July 12th. Finally, CIBC increased their price target on Saputo from C$35.00 to C$37.00 and gave the stock an “outperform” rating in a report on Monday, June 10th. Seven analysts have rated the stock with a buy rating, According to MarketBeat, Saputo presently has a consensus rating of “Buy” and a consensus price target of C$35.93.

About Saputo

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.