Insider Buying: Saputo Inc. (TSE:SAP) Director Buys 300 Shares of Stock

Saputo Inc. (TSE:SAP) Director Karen Kinsley purchased 300 shares of the stock in a transaction dated Tuesday, August 8th. The shares were bought at an average price of C$43.10 per share, for a total transaction of C$12,930.00.

Saputo Inc. (SAP) opened at 42.75 on Friday. Saputo Inc. has a 12 month low of $39.74 and a 12 month high of $48.98. The firm has a market cap of $16.51 billion and a price-to-earnings ratio of 22.38. The stock’s 50 day moving average is $42.01 and its 200-day moving average is $44.09.

Saputo (TSE:SAP) last released its quarterly earnings data on Thursday, June 1st. The company reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by $0.06. Saputo had a net margin of 6.93% and a return on equity of 18.57%. The firm had revenue of $2.72 billion during the quarter, compared to the consensus estimate of $2.92 billion. On average, analysts anticipate that Saputo Inc. will post $2.04 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Tuesday, September 5th will be given a $0.16 dividend. This is a positive change from Saputo’s previous quarterly dividend of $0.15. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date is Thursday, August 31st.

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SAP has been the subject of a number of recent research reports. Royal Bank Of Canada decreased their price objective on shares of Saputo from C$50.00 to C$48.00 and set a “sector perform” rating for the company in a report on Friday, June 2nd. Desjardins upgraded shares of Saputo from a “hold” rating to a “buy” rating and set a C$47.00 price objective for the company in a report on Friday, June 2nd. CIBC cut their target price on shares of Saputo from C$54.00 to C$51.00 in a research report on Friday, June 2nd. TD Securities cut their target price on shares of Saputo from C$49.00 to C$48.00 and set a “hold” rating for the company in a research report on Friday, June 2nd. Finally, National Bank Financial cut their target price on shares of Saputo from C$48.00 to C$47.00 and set a “sector perform” rating for the company in a research report on Wednesday, July 26th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of C$49.29.

Saputo Company Profile

Saputo Inc produces, markets and distributes dairy products, including cheese, fluid milk, extended shelf-life milk and cream products, cultured products and dairy ingredients. The Company has three geographic sectors. The Canada Sector consists of Dairy Division (Canada). The USA Sector aggregates the Cheese Division (USA) and the Dairy Foods Division (USA).

Insider Buying and Selling by Quarter for Saputo (TSE:SAP)

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