Saputo Inc. (TSE:SAP) Director Karen Kinsley bought 300 shares of the business’s stock in a transaction on Tuesday, August 8th. The stock was purchased at an average cost of C$43.10 per share, for a total transaction of C$12,930.00.
Saputo Inc. (TSE SAP) traded up 1.46% during mid-day trading on Friday, hitting $43.23. The stock had a trading volume of 229,480 shares. The company has a market cap of $16.69 billion and a price-to-earnings ratio of 22.63. Saputo Inc. has a one year low of $39.74 and a one year high of $48.98. The company has a 50 day moving average price of $41.73 and a 200-day moving average price of $44.30.
Saputo (TSE:SAP) last announced its quarterly earnings results on Thursday, June 1st. The company reported $0.42 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.48 by $0.06. The company had revenue of $2.72 billion during the quarter, compared to analyst estimates of $2.92 billion. Saputo had a net margin of 6.93% and a return on equity of 18.57%. Equities analysts expect that Saputo Inc. will post $2.05 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Tuesday, September 5th will be issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date is Thursday, August 31st. This is a positive change from Saputo’s previous quarterly dividend of $0.15.
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SAP has been the topic of a number of research analyst reports. Royal Bank Of Canada raised Saputo from a “sector perform” rating to an “outperform” rating and set a C$48.00 target price on the stock in a research report on Wednesday, July 19th. BMO Capital Markets reissued a “market perform” rating and issued a C$48.00 target price on shares of Saputo in a research report on Thursday, April 13th. CIBC cut their target price on Saputo from C$54.00 to C$51.00 in a research report on Friday, June 2nd. Desjardins raised Saputo from a “hold” rating to a “buy” rating and set a C$47.00 target price on the stock in a research report on Friday, June 2nd. Finally, TD Securities cut their target price on Saputo from C$49.00 to C$48.00 and set a “hold” rating on the stock in a research report on Friday, June 2nd. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Saputo presently has an average rating of “Buy” and an average price target of C$49.29.
About Saputo
Saputo Inc produces, markets and distributes dairy products, including cheese, fluid milk, extended shelf-life milk and cream products, cultured products and dairy ingredients. The Company has three geographic sectors. The Canada Sector consists of Dairy Division (Canada). The USA Sector aggregates the Cheese Division (USA) and the Dairy Foods Division (USA).
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