Maple Leaf Foods Inc. (MFI) To Go Ex-Dividend on December 6th

Maple Leaf Foods Inc. (TSE:MFI) declared a quarterly dividend on Friday, December 6th,TickerTech Dividends reports. Shareholders of record on Tuesday, December 31st will be given a dividend of 0.22 per share on Tuesday, December 31st. This represents a $0.88 annualized dividend and a yield of 3.80%. The ex-dividend date is Friday, December 6th.

Maple Leaf Foods Stock Performance

Shares of Maple Leaf Foods stock traded down C$0.25 during trading on Wednesday, reaching C$23.18. The company’s stock had a trading volume of 22,232 shares, compared to its average volume of 169,021. Maple Leaf Foods has a one year low of C$21.05 and a one year high of C$27.55. The company has a debt-to-equity ratio of 132.03, a quick ratio of 0.54 and a current ratio of 1.32. The firm has a market cap of C$2.85 billion, a price-to-earnings ratio of 260.33, a price-to-earnings-growth ratio of 18.07 and a beta of 0.47. The business’s fifty day moving average price is C$22.24 and its 200-day moving average price is C$22.91.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. National Bankshares decreased their price objective on Maple Leaf Foods from C$28.00 to C$26.00 in a research report on Thursday, November 14th. TD Securities cut their price objective on shares of Maple Leaf Foods from C$35.00 to C$34.00 and set a “buy” rating on the stock in a report on Thursday, November 14th. Finally, CIBC lowered their target price on shares of Maple Leaf Foods from C$31.00 to C$30.00 in a report on Friday, August 9th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Maple Leaf Foods has an average rating of “Buy” and an average target price of C$29.93.

Insider Activity

In related news, Director Linda Mantia acquired 4,498 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The stock was acquired at an average price of C$22.23 per share, with a total value of C$99,990.54. Also, Senior Officer Jonathan David Sawatzky sold 2,600 shares of the business’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of C$21.23, for a total value of C$55,198.00. Corporate insiders own 39.87% of the company’s stock.

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.