Maple Leaf Foods (TSE:MFI) Reaches New 1-Year Low – Should You Sell?

Maple Leaf Foods Inc. (TSE:MFI)’s share price reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as C$20.11 and last traded at C$20.32, with a volume of 263108 shares trading hands. The stock had previously closed at C$20.34.

Analyst Upgrades and Downgrades

MFI has been the subject of several analyst reports. National Bankshares lowered their price target on shares of Maple Leaf Foods from C$28.00 to C$26.00 in a research report on Thursday, November 14th. TD Securities lowered their target price on shares of Maple Leaf Foods from C$35.00 to C$34.00 and set a “buy” rating for the company in a report on Thursday, November 14th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, Maple Leaf Foods has an average rating of “Buy” and an average price target of C$29.93.

Maple Leaf Foods Price Performance

The stock has a market cap of C$2.50 billion, a P/E ratio of 225.67, a P/E/G ratio of 18.07 and a beta of 0.47. The company has a debt-to-equity ratio of 132.03, a current ratio of 1.32 and a quick ratio of 0.54. The company’s 50 day simple moving average is C$22.12 and its 200 day simple moving average is C$22.73.

Maple Leaf Foods Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 4.33%. The ex-dividend date of this dividend is Friday, December 6th. Maple Leaf Foods’s dividend payout ratio is currently 977.78%.

Insider Activity

In other news, Director Linda Mantia bought 4,498 shares of the stock in a transaction on Friday, November 15th. The stock was purchased at an average price of C$22.23 per share, for a total transaction of C$99,990.54. 39.87% of the stock is currently owned by company insiders.

About Maple Leaf Foods

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.