Saputo Inc. (TSE:SAP - Get Free Report) Senior Officer Leanne Cutts bought 4,000 shares of the stock in a transaction dated Wednesday, November 27th. The stock was bought at an average price of C$26.25 per share, for a total transaction of C$105,000.00.
Saputo Stock Performance
Shares of SAP stock opened at C$25.88 on Friday. The company has a market capitalization of C$10.98 billion, a P/E ratio of 41.08, a P/E/G ratio of 0.56 and a beta of 0.32. The business's 50 day moving average is C$27.48 and its two-hundred day moving average is C$29.01. Saputo Inc. has a 12-month low of C$25.28 and a 12-month high of C$32.15. The company has a current ratio of 1.59, a quick ratio of 0.67 and a debt-to-equity ratio of 53.17.
Saputo Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Tuesday, December 10th will be given a $0.19 dividend. The ex-dividend date is Tuesday, December 10th. This represents a $0.76 annualized dividend and a dividend yield of 2.94%. Saputo's dividend payout ratio (DPR) is presently 120.63%.
Analyst Upgrades and Downgrades
A number of analysts have recently commented on the company. CIBC lowered their target price on Saputo from C$37.00 to C$35.00 and set an "outperform" rating on the stock in a research note on Monday, August 12th. National Bankshares lowered their target price on Saputo from C$36.00 to C$35.00 and set an "outperform" rating on the stock in a research note on Monday, August 12th. Desjardins set a C$34.00 target price on Saputo in a research note on Monday, November 11th. TD Securities lowered their price target on Saputo from C$38.00 to C$37.00 in a research report on Monday, November 11th. Finally, Royal Bank of Canada lowered their price target on Saputo from C$39.00 to C$38.00 and set an "outperform" rating on the stock in a research report on Tuesday, October 29th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of C$34.50.
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Check Out Our Latest Stock Analysis on Saputo
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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