Saputo Inc. (TSE:SAP) Senior Officer Martin Gagnon Buys 2,000 Shares

Saputo Inc. (TSE:SAP) Senior Officer Martin Gagnon purchased 2,000 shares of Saputo stock in a transaction on Tuesday, August 20th. The stock was bought at an average price of C$29.73 per share, with a total value of C$59,450.00.

Saputo Price Performance

Shares of SAP stock traded up C$0.05 during trading hours on Wednesday, hitting C$29.78. The stock had a trading volume of 43,147 shares, compared to its average volume of 417,837. The company has a debt-to-equity ratio of 53.17, a current ratio of 1.59 and a quick ratio of 0.67. The stock has a market capitalization of C$12.64 billion, a price-to-earnings ratio of 47.19, a PEG ratio of 0.21 and a beta of 0.33. Saputo Inc. has a one year low of C$25.28 and a one year high of C$32.15. The stock’s 50-day moving average price is C$30.74 and its two-hundred day moving average price is C$28.39.

Saputo (TSE:SAP) last released its quarterly earnings results on Thursday, June 6th. The company reported C$0.37 earnings per share for the quarter, meeting the consensus estimate of C$0.37. The business had revenue of C$4.55 billion during the quarter, compared to analysts’ expectations of C$4.25 billion. Saputo had a return on equity of 3.72% and a net margin of 1.50%. Equities analysts forecast that Saputo Inc. will post 1.8112058 EPS for the current year.

Saputo Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Tuesday, September 10th will be given a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 2.55%. The ex-dividend date is Tuesday, September 10th. This is a boost from Saputo’s previous quarterly dividend of $0.19. Saputo’s payout ratio is currently 120.63%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Royal Bank of Canada increased their target price on shares of Saputo from C$36.00 to C$39.00 and gave the stock an “outperform” rating in a report on Tuesday, June 4th. CIBC decreased their price objective on shares of Saputo from C$37.00 to C$35.00 and set an “outperform” rating on the stock in a research report on Monday, August 12th. BMO Capital Markets upped their target price on shares of Saputo from C$34.00 to C$35.00 and gave the stock an “outperform” rating in a report on Monday, June 10th. National Bankshares decreased their price target on Saputo from C$36.00 to C$35.00 and set an “outperform” rating on the stock in a report on Monday, August 12th. Finally, Desjardins upped their price objective 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. Seven analysts have rated the stock with a buy rating, Based on data from MarketBeat, Saputo currently has an average rating of “Buy” and a consensus price target of C$35.50.

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.