Maple Leaf Foods (TSE:MFI) Hits New 1-Year Low - Here's What Happened

Maple Leaf Foods Inc. (TSE:MFI - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as C$21.15 and last traded at C$21.18, with a volume of 108797 shares. The stock had previously closed at C$21.46.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. TD Securities lowered their target price on Maple Leaf Foods from C$36.00 to C$35.00 in a report on Friday, August 9th. 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. Finally, National Bankshares reduced their price target on shares of Maple Leaf Foods from C$29.00 to C$28.00 in a research report on Friday, August 9th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of C$30.36.

Maple Leaf Foods Stock Down 1.0 %

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 stock has a fifty day moving average price of C$22.25 and a two-hundred day moving average price of C$23.15. The firm has a market capitalization of C$2.62 billion, a P/E ratio of 236.00, a P/E/G ratio of 18.07 and a beta of 0.47.

Maple Leaf Foods (TSE:MFI - Get Free Report) last announced its quarterly earnings results on Thursday, August 8th. The company reported C$0.18 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of C$0.17 by C$0.01. Maple Leaf Foods had a return on equity of 0.75% and a net margin of 0.24%. The company had revenue of C$1.26 billion during the quarter, compared to analyst estimates of C$1.27 billion. Research analysts forecast that Maple Leaf Foods Inc. will post 1.4334187 EPS for the current year.

Maple Leaf Foods Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 27th were paid a $0.22 dividend. The ex-dividend date was Friday, September 6th. This represents a $0.88 dividend on an annualized basis and a yield of 4.14%. Maple Leaf Foods's dividend payout ratio is currently 977.78%.

Insider Buying and Selling

In related news, Senior Officer Jonathan David Sawatzky sold 2,600 shares of the business's stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of C$21.23, for a total value of C$55,198.00. In other news, Senior Officer Iain William Stewart sold 5,000 shares of the stock in a transaction on Monday, August 12th. The shares were sold at an average price of C$22.90, for a total value of C$114,500.00. Also, Senior Officer Jonathan David Sawatzky sold 2,600 shares of the stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of C$21.23, for a total transaction of C$55,198.00. Company 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.