Insider Selling: Saputo Inc. (TSE:SAP) Director Sells C$2,125,200.00 in Stock

Saputo Inc. (TSE:SAPGet Rating) Director Terry Brockman sold 60,000 shares of the company’s stock in a transaction that occurred on Friday, November 18th. The stock was sold at an average price of C$35.42, for a total value of C$2,125,200.00. Following the completion of the sale, the director now owns 104,194 shares of the company’s stock, valued at C$3,690,551.48.

Saputo Price Performance

Shares of TSE:SAP opened at C$34.37 on Friday. The company’s fifty day moving average is C$32.98 and its two-hundred day moving average is C$30.96. The company has a quick ratio of 0.67, a current ratio of 1.60 and a debt-to-equity ratio of 58.77. Saputo Inc. has a 12-month low of C$24.61 and a 12-month high of C$36.05. The company has a market cap of C$14.40 billion and a P/E ratio of 35.43.

Saputo Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 16th. Stockholders 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 dividend yield of 2.09%. The ex-dividend date is Monday, December 5th. Saputo’s dividend payout ratio (DPR) is presently 74.23%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on SAP shares. CIBC upped their price target on Saputo from C$35.00 to C$39.00 and gave the company an “outperform” rating in a report on Friday, August 5th. Royal Bank of Canada upped their price target on Saputo from C$35.00 to C$40.00 and gave the company an “outperform” rating in a report on Friday, August 5th. National Bankshares upped their price target on Saputo from C$39.00 to C$41.00 in a report on Monday, November 14th. 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 report on Monday, October 3rd. Finally, TD Securities upped their price target on Saputo from C$42.00 to C$44.00 and gave the company a “buy” rating in a report on Monday, November 14th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Saputo has an average rating of “Moderate Buy” and a consensus target price of C$39.57.

About Saputo

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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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Insider Buying and Selling by Quarter for Saputo (TSE:SAP)

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