Maple Leaf Foods Inc (TSE:MFI) insider Gary Louis Maksymetz sold 15,000 shares of the company’s stock in a transaction that occurred on Thursday, August 17th. The stock was sold at an average price of C$35.23, for a total transaction of C$528,450.00.
Shares of Maple Leaf Foods Inc (MFI) traded down 0.99% during trading on Friday, hitting $34.86. 44,898 shares of the stock traded hands. The company’s 50 day moving average is $33.51 and its 200 day moving average is $32.65. Maple Leaf Foods Inc has a 52-week low of $27.31 and a 52-week high of $35.37. The firm has a market cap of $4.50 billion and a PE ratio of 26.71.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 8th will be issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 1.25%. This is an increase from Maple Leaf Foods’s previous quarterly dividend of $0.08. The ex-dividend date is Thursday, September 7th.
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Several equities analysts have recently commented on the stock. BMO Capital Markets upped their price objective on shares of Maple Leaf Foods from C$36.00 to C$37.00 and gave the stock a “market perform” rating in a report on Sunday, July 30th. TD Securities upped their price objective on shares of Maple Leaf Foods from C$37.00 to C$39.00 and gave the stock a “buy” rating in a report on Monday, May 1st. Scotiabank upped their price objective on shares of Maple Leaf Foods from C$34.00 to C$37.00 and gave the stock an “outperform” rating in a report on Friday, April 28th. CIBC upped their price objective on shares of Maple Leaf Foods from C$35.00 to C$36.00 in a report on Friday, April 28th. Finally, Royal Bank Of Canada upped their price objective on shares of Maple Leaf Foods from C$35.00 to C$36.00 and gave the stock a “sector perform” rating in a report on Friday, April 28th.
About Maple Leaf Foods
Maple Leaf Foods Inc is a Canada-based consumer protein company that processes and produces value-added prepared meats, lunch kits snacks, and value-added fresh pork and poultry products sold under flagship Canadian brands such as Maple Leaf, Maple Leaf Prime, Maple Leaf Natural Selections, Schneiders, Schneiders Country Naturals, Mina and Devour.
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