Maple Leaf Foods (TSE:MFI) Stock Price Passes Below 200 Day Moving Average - What's Next?

Shares of Maple Leaf Foods Inc. (TSE:MFI - Get Free Report) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$22.86 and traded as low as C$22.14. Maple Leaf Foods shares last traded at C$22.19, with a volume of 205,262 shares.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. TD Securities decreased their price target on 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. National Bankshares dropped their price target on shares of Maple Leaf Foods from C$28.00 to C$26.00 in a research note on Thursday, November 14th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of C$29.93.

Maple Leaf Foods Stock Performance

The stock has a market cap of C$2.69 billion, a price-to-earnings ratio of 243.11, a PEG ratio of 18.07 and a beta of 0.47. The company has a quick ratio of 0.54, a current ratio of 1.32 and a debt-to-equity ratio of 132.03. The stock's fifty day moving average is C$22.33 and its 200-day moving average is C$22.86.

Maple Leaf Foods Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 4.02%. The ex-dividend date of this dividend is Friday, December 6th. Maple Leaf Foods's dividend payout ratio is currently 977.78%.

Insider Activity

In related news, Director Linda Mantia bought 4,498 shares of Maple Leaf Foods stock in a transaction that occurred on Friday, November 15th. The stock was purchased at an average cost of C$22.23 per share, with a total value of C$99,990.54. 39.87% of the stock is currently owned by company insiders.

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.