Sindy Saragoca Acquires 1,361 Shares of Saputo Inc. (TSE:SAP) Stock

Saputo Inc. (TSE:SAP - Get Free Report) Senior Officer Sindy Saragoca purchased 1,361 shares of the company's stock in a transaction that occurred on Monday, June 17th. The shares were bought at an average cost of C$29.39 per share, with a total value of C$39,999.79.

Saputo Stock Down 1.8 %

Shares of SAP traded down C$0.53 during mid-day trading on Wednesday, reaching C$28.85. 285,406 shares of the stock traded hands, compared to its average volume of 404,265. The firm has a market cap of C$12.24 billion, a price-to-earnings ratio of 36.99, a P/E/G ratio of 0.21 and a beta of 0.32. The stock has a fifty day simple moving average of C$27.43 and a 200 day simple moving average of C$27.20. The company has a quick ratio of 0.67, a current ratio of 1.55 and a debt-to-equity ratio of 58.27. Saputo Inc. has a 12-month low of C$25.28 and a 12-month high of C$31.09.

Saputo Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 26th. Shareholders of record on Tuesday, June 18th will be issued a $0.185 dividend. The ex-dividend date of this dividend is Tuesday, June 18th. This represents a $0.74 dividend on an annualized basis and a yield of 2.56%. Saputo's dividend payout ratio is currently 94.87%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on SAP shares. National Bankshares boosted their price target on Saputo from C$33.00 to C$35.00 and gave the company an "outperform" rating in a research report on Monday, June 10th. CIBC boosted their target price on Saputo from C$35.00 to C$37.00 and gave the stock an "outperform" rating in a report on Monday, June 10th. BMO Capital Markets raised their price target on shares of Saputo from C$34.00 to C$35.00 and gave the company an "outperform" rating in a report on Monday, June 10th. TD Securities lifted their price target on shares of Saputo from C$36.00 to C$37.00 and gave the company a "buy" rating in a research report on Monday, June 10th. Finally, Royal Bank of Canada increased their price objective on shares of Saputo from C$36.00 to C$39.00 and gave the stock an "outperform" rating in a research report on Tuesday, June 4th. One analyst has rated the stock with a sell rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of C$35.19.

About Saputo

Saputo Inc produces, markets, and distributes dairy products in Canada, the United States, Argentina, Australia, and the United Kingdom. The company offers cheeses, including mozzarella and cheddar; specialty cheeses, such as ricotta, provolone, blue, parmesan, goat cheese, feta, romano, and havarti; fine cheeses comprising brie and camembert; and other cheeses that include brick, colby, farmer, munster, monterey jack, fresh curd, and processed cheeses.