Saputo Inc. (TSE:SAP – Get Rating) Senior Officer Martin Gagnon purchased 2,200 shares of the company’s stock in a transaction dated Tuesday, November 15th. The stock was purchased at an average price of C$34.03 per share, with a total value of C$74,855.88. Following the transaction, the insider now owns 17,018 shares of the company’s stock, valued at C$579,044.26.
Saputo Trading Up 0.6 %
TSE:SAP traded up C$0.20 during mid-day trading on Tuesday, reaching C$34.20. The company’s stock had a trading volume of 481,259 shares, compared to its average volume of 512,997. The company’s fifty day simple moving average is C$32.92 and its two-hundred day simple moving average is C$30.61. The company has a debt-to-equity ratio of 64.58, a current ratio of 1.56 and a quick ratio of 0.64. Saputo Inc. has a twelve month low of C$24.61 and a twelve month high of C$35.20. The stock has a market cap of C$14.33 billion and a P/E ratio of 39.77.
Saputo Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 16th. Shareholders of record on Tuesday, December 6th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date of this dividend is Monday, December 5th. Saputo’s payout ratio is 83.72%.
Analyst Ratings Changes
A number of research analysts have recently weighed in on the company. Scotiabank cut Saputo from an “outperform” rating to a “sector perform” rating and dropped their price target for the company from C$40.00 to C$37.00 in a research report on Monday, October 3rd. CIBC raised their price target on Saputo from C$35.00 to C$39.00 and gave the company an “outperform” rating in a research report on Friday, August 5th. BMO Capital Markets increased their price objective on Saputo from C$39.00 to C$41.00 in a research note on Friday, August 5th. National Bankshares increased their price objective on Saputo from C$39.00 to C$41.00 in a research note on Monday. Finally, TD Securities increased their price objective on Saputo from C$42.00 to C$44.00 and gave the company a “buy” rating in a research note on Monday. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$39.57.
Saputo Company Profile (Get Rating)
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.