Michael Christian Jennings Purchases 4,000 Shares of Parkland Co. (TSE:PKI) Stock

Parkland Co. (TSE:PKI) Director Michael Christian Jennings acquired 4,000 shares of the business’s stock in a transaction on Monday, November 4th. The stock was acquired at an average price of C$32.02 per share, for a total transaction of C$128,060.00.

Parkland Price Performance

Shares of PKI opened at C$31.69 on Wednesday. The firm has a market cap of C$5.52 billion, a PE ratio of 15.08, a P/E/G ratio of 11.79 and a beta of 1.33. Parkland Co. has a 1-year low of C$31.68 and a 1-year high of C$47.99. The company has a current ratio of 1.33, a quick ratio of 0.73 and a debt-to-equity ratio of 206.76. The firm has a fifty day simple moving average of C$35.15 and a two-hundred day simple moving average of C$37.56.

Parkland Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Friday, September 20th were issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 4.42%. The ex-dividend date of this dividend was Thursday, September 19th. Parkland’s dividend payout ratio is 65.73%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. National Bankshares cut their price target on Parkland from C$47.00 to C$45.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. BMO Capital Markets reduced their price target on Parkland from C$49.00 to C$46.00 in a report on Tuesday, October 22nd. Raymond James lowered their price target on Parkland from C$55.00 to C$47.00 in a research report on Friday, October 25th. TD Securities cut their price objective on shares of Parkland from C$55.00 to C$53.00 and set a “buy” rating on the stock in a research report on Wednesday, October 16th. Finally, Desjardins decreased their target price on shares of Parkland from C$46.00 to C$44.00 and set a “buy” rating for the company in a report on Wednesday, October 23rd. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$47.38.

Parkland Company Profile

Parkland Corporation operates food and convenience stores in Canada, the United States, and internationally. The company’s Canada segment owns, supplies, and supports a coast-to-coast network of retail gas stations, electronic vehicle charging stations, frozen food retail locations, convenience stores, cardlock sites, bulk fuel, propane, heating oil, lubricants, and other related services to commercial, industrial, and residential customers; transports and distributes fuel through ships, rail, and highway carriers; and stores fuel in terminals and other owned and leased facilities, as well as engages in the low-carbon activities.