Saputo Inc. (TSE:SAP) Senior Officer Purchases C$105,000.00 in Stock

Saputo Inc. (TSE:SAP) Senior Officer Leanne Cutts bought 4,000 shares of the stock in a transaction on Wednesday, November 27th. The stock was purchased at an average cost of C$26.25 per share, for a total transaction of C$105,000.00.

Saputo Price Performance

SAP stock traded down C$0.32 during trading on Thursday, hitting C$25.95. 202,278 shares of the company’s stock traded hands, compared to its average volume of 448,798. The stock has a market capitalization of C$11.01 billion, a price-to-earnings ratio of 41.70, a P/E/G ratio of 0.56 and a beta of 0.32. Saputo Inc. has a 52 week low of C$25.28 and a 52 week high of C$32.15. The business has a fifty day simple moving average of C$27.54 and a 200 day simple moving average of C$29.01. The company has a debt-to-equity ratio of 53.17, a quick ratio of 0.67 and a current ratio of 1.59.

Saputo Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Tuesday, December 10th will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.93%. Saputo’s payout ratio is currently 120.63%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. CIBC lowered their price objective on shares of 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. Desjardins set a C$34.00 price objective on Saputo in a research note on Monday, November 11th. National Bankshares decreased their target price on shares of 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. Royal Bank of Canada dropped their price target on shares of Saputo from C$39.00 to C$38.00 and set an “outperform” rating for the company in a research report on Tuesday, October 29th. Finally, BMO Capital Markets downgraded shares of Saputo from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from C$35.00 to C$30.00 in a research report on Tuesday, October 15th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$34.50.

About Saputo

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.