Saputo Inc. (TSE:SAP - Get Free Report) Senior Officer Sindy Saragoca acquired 1,361 shares of the business's stock in a transaction on Monday, June 17th. The shares were purchased at an average price of C$29.39 per share, for a total transaction of C$39,999.79.
Saputo Stock Down 1.8 %
TSE:SAP opened at C$28.85 on Thursday. Saputo Inc. has a 1-year low of C$25.28 and a 1-year high of C$31.09. The company has a 50-day moving average of C$27.43 and a 200 day moving average of C$27.20. The firm has a market cap of C$12.24 billion, a PE ratio of 36.99, a price-to-earnings-growth ratio of 0.21 and a beta of 0.32. The company has a debt-to-equity ratio of 58.27, a current ratio of 1.55 and a quick ratio of 0.67.
Saputo Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 26th. Investors of record on Tuesday, June 18th will be paid a $0.185 dividend. This represents a $0.74 dividend on an annualized basis and a yield of 2.56%. The ex-dividend date is Tuesday, June 18th. Saputo's dividend payout ratio (DPR) is presently 94.87%.
Wall Street Analyst Weigh In
A number of research analysts have weighed in on the stock. CIBC boosted their price objective on shares of Saputo from C$35.00 to C$37.00 and gave the company an "outperform" rating in a research report on Monday, June 10th. Desjardins boosted their price objective on shares of Saputo from C$33.00 to C$35.00 and gave the company a "buy" rating in a research report on Monday, June 10th. National Bankshares boosted their target price on shares of Saputo from C$33.00 to C$35.00 and gave the company an "outperform" rating in a research note on Monday, June 10th. TD Securities boosted their target price on shares of Saputo from C$36.00 to C$37.00 and gave the company a "buy" rating in a research note on Monday, June 10th. Finally, Royal Bank of Canada boosted their target price on shares of Saputo from C$36.00 to C$39.00 and gave the company an "outperform" rating in a research note on Tuesday, June 4th. One research analyst has rated the stock with a sell rating and seven have assigned a buy rating to the stock. According to MarketBeat, Saputo presently has an average rating of "Moderate Buy" and a consensus price target of C$35.19.
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About Saputo
(
Get Free Report)
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.
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