Maple Leaf Foods (TSE:MFI) Hits New 52-Week Low at $22.45

Maple Leaf Foods Inc (TSE:MFI)’s stock price hit a new 52-week low on Monday . The stock traded as low as C$22.45 and last traded at C$22.65, with a volume of 358167 shares changing hands. The stock had previously closed at C$23.13.

A number of brokerages have commented on MFI. BMO Capital Markets raised their price objective on Maple Leaf Foods from C$39.00 to C$40.00 in a research report on Friday, August 2nd. TD Securities reduced their price objective on Maple Leaf Foods from C$47.00 to C$38.00 and set an “action list buy” rating for the company in a research report on Thursday, October 31st. Finally, CIBC reduced their price objective on Maple Leaf Foods from C$40.00 to C$33.00 in a research report on Thursday, October 31st.

The stock has a 50-day simple moving average of C$28.10 and a 200 day simple moving average of C$30.48. The company has a debt-to-equity ratio of 36.94, a quick ratio of 0.53 and a current ratio of 1.71. The company has a market cap of $2.93 billion and a P/E ratio of 41.44.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 6th will be given a $0.145 dividend. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $0.58 dividend on an annualized basis and a dividend yield of 2.55%. Maple Leaf Foods’s dividend payout ratio is currently 103.10%.

In other Maple Leaf Foods news, Senior Officer Deborah Keenan Simpson sold 34,200 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of C$30.86, for a total value of C$1,055,442.78. Following the completion of the sale, the insider now owns 110,920 shares in the company, valued at approximately C$3,423,091.03.

Maple Leaf Foods Company Profile (TSE:MFI)

Maple Leaf Foods Inc operates as a consumer protein company. It produces various food products, including prepared meats, ready-to-cook and ready-to-serve meals, fresh pork, poultry, and plant protein products. The company offers its products under various brands, including Maple Leaf, Maple Leaf Prime, Maple Leaf Natural Selections, Schneiders, Schneiders Country Naturals, Mina, Greenfield Natural Meat Co, Lightlife, Field Roast Grain Meat Co, and Swift.

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