Maple Leaf Foods Inc. (TSE:MFI – Get Free Report)’s share price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred 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 traded.
Analysts Set New Price Targets
MFI has been the subject of several recent research reports. National Bankshares dropped their price objective on shares of Maple Leaf Foods from C$28.00 to C$26.00 in a research report on Thursday, November 14th. TD Securities cut their price objective on Maple Leaf Foods from C$35.00 to C$34.00 and set a “buy” rating on the stock in a research report on Thursday, November 14th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of C$29.93.
Read Our Latest Research Report on MFI
Maple Leaf Foods Stock Down 1.4 %
Maple Leaf Foods Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.22 per share. The ex-dividend date is Friday, December 6th. This represents a $0.88 annualized dividend and a dividend yield of 4.02%. Maple Leaf Foods’s dividend payout ratio is 977.78%.
Insider Activity at Maple Leaf Foods
In other Maple Leaf Foods news, Director Linda Mantia bought 4,498 shares of the stock in a transaction on Friday, November 15th. The shares were purchased at an average price of C$22.23 per share, with a total value of C$99,990.54. 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.
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