Richard Wallace Buys 4,950 Shares of Saputo Inc. (TSE:SAP) Stock

Saputo Inc. (TSE:SAP) Senior Officer Richard Wallace purchased 4,950 shares of the business’s stock in a transaction dated Wednesday, June 26th. The stock was bought at an average price of C$30.48 per share, with a total value of C$150,899.76.

Saputo Stock Performance

TSE:SAP opened at C$30.72 on Friday. The company has a current ratio of 1.55, a quick ratio of 0.67 and a debt-to-equity ratio of 58.27. The firm has a 50-day moving average price of C$28.07 and a two-hundred day moving average price of C$27.39. Saputo Inc. has a twelve month low of C$25.28 and a twelve month high of C$31.24. The company has a market capitalization of C$13.04 billion, a P/E ratio of 39.38, a price-to-earnings-growth ratio of 0.21 and a beta of 0.32.

Saputo (TSE:SAP) last issued its quarterly earnings results on Thursday, June 6th. The company reported C$0.37 EPS for the quarter, hitting analysts’ consensus estimates of C$0.37. The business had revenue of C$4.55 billion during the quarter, compared to the consensus estimate of C$4.25 billion. Saputo had a net margin of 1.92% and a return on equity of 4.76%. As a group, research analysts expect that Saputo Inc. will post 1.915804 earnings per share for the current fiscal year.

Saputo Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 26th. Stockholders of record on Tuesday, June 18th were issued a dividend of $0.185 per share. The ex-dividend date of this dividend was Tuesday, June 18th. This represents a $0.74 dividend on an annualized basis and a dividend yield of 2.41%. Saputo’s dividend payout ratio (DPR) is presently 94.87%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on SAP. National Bankshares increased their price target on shares of Saputo from C$33.00 to C$35.00 and gave the company an “outperform” rating in a report on Monday, June 10th. Royal Bank of Canada increased their price target on shares of Saputo from C$36.00 to C$39.00 and gave the company an “outperform” rating in a report on Tuesday, June 4th. CIBC raised their target price on shares of Saputo from C$35.00 to C$37.00 and gave the company an “outperform” rating in a report on Monday, June 10th. BMO Capital Markets raised their target price 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. Finally, Desjardins raised their target price on shares of Saputo from C$33.00 to C$35.00 and gave the company a “buy” rating in a report on Monday, June 10th. Seven research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Saputo presently has an average rating of “Buy” and a consensus target price of C$35.79.

Saputo Company Profile

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.