Maple Leaf Foods (TSE:MFI) Share Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Maple Leaf Foods Inc. (TSE:MFI)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$21.95 and traded as high as C$22.44. Maple Leaf Foods shares last traded at C$22.22, with a volume of 472,915 shares changing hands.

Analyst Ratings Changes

MFI has been the topic of several recent analyst reports. National Bankshares cut their price target on Maple Leaf Foods from C$28.00 to C$26.00 in a research note on Thursday, November 14th. TD Securities cut their target price 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. Finally, Canaccord Genuity Group increased their target price on Maple Leaf Foods from C$30.00 to C$32.00 and gave the company a “buy” rating in a research note on Monday, January 13th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, Maple Leaf Foods currently has an average rating of “Buy” and a consensus target price of C$30.70.

Maple Leaf Foods Stock Up 2.0 %

The stock has a 50 day moving average of C$21.06 and a 200 day moving average of C$21.95. The firm has a market capitalization of C$2.78 billion, a price-to-earnings ratio of 82.00, a P/E/G ratio of 18.07 and a beta of 0.47. The company has a quick ratio of 0.54, a current ratio of 1.26 and a debt-to-equity ratio of 130.19.

Maple Leaf Foods Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st were issued a $0.22 dividend. The ex-dividend date was Friday, December 6th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.96%. Maple Leaf Foods’s dividend payout ratio (DPR) is 324.76%.

About Maple Leaf Foods

Maple Leaf Foods Inc is a consumer-packaged meats company. It produces prepared meats and meals, fresh pork, and poultry and turkey products. The company also has agribusiness operations. These operations supply livestock to the meat products business operations. Its main markets are Canada, the United States, Japan, and China.