Martin Gagnon Sells 26,806 Shares of Saputo (TSE:SAP) Stock

Saputo Inc. (TSE:SAP) insider Martin Gagnon sold 26,806 shares of the firm’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of C$41.78, for a total transaction of C$1,119,954.68. Following the sale, the insider owned 31,362 shares of the company’s stock, valued at approximately C$1,310,304.36. This represents a 46.08% decrease in their ownership of the stock.

Martin Gagnon also recently made the following trade(s):

• On Tuesday, June 16th, Martin Gagnon sold 12,926 shares of Saputo stock. The stock was sold at an average price of C$41.99, for a total transaction of C$542,762.74.
• On Tuesday, June 16th, Martin Gagnon sold 11,819 shares of Saputo stock. The stock was sold at an average price of C$41.83, for a total transaction of C$494,388.77.
• On Tuesday, June 16th, Martin Gagnon sold 22,331 shares of Saputo stock. The stock was sold at an average price of C$41.83, for a total transaction of C$934,105.73.

Saputo Stock Performance

Shares of SAP stock traded down C$0.47 during trading hours on Tuesday, reaching C$41.40. The company had a trading volume of 731,852 shares, compared to its average volume of 1,017,883. The business has a fifty day moving average price of C$41.19 and a 200-day moving average price of C$41.51. Saputo Inc. has a one year low of C$26.35 and a one year high of C$45.09. The firm has a market cap of C$16.58 billion, a PE ratio of 25.40, a price-to-earnings-growth ratio of 0.56 and a beta of 0.06. The company has a debt-to-equity ratio of 48.08, a quick ratio of 0.67 and a current ratio of 1.71.

Saputo (TSE:SAP) last announced its quarterly earnings results on Thursday, June 4th. The company reported C$0.41 EPS for the quarter. Saputo had a net margin of 3.65% and a return on equity of 9.98%. The firm had revenue of C$3.31 billion during the quarter. Sell-side analysts predict that Saputo Inc. will post 1.7735369 earnings per share for the current fiscal year.

Saputo Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Thursday, June 25th will be paid a $0.20 dividend. The ex-dividend date is Tuesday, June 16th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.9%. Saputo’s payout ratio is currently 48.47%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Ventum Financial set a C$47.00 price target on shares of Saputo and gave the stock a “buy” rating in a research note on Wednesday, April 22nd. TD reduced their price target on shares of Saputo from C$52.00 to C$51.00 and set a “buy” rating for the company in a research note on Monday, June 8th. Ventum Capital lifted their price target on shares of Saputo from C$47.00 to C$48.00 and gave the stock a “buy” rating in a research note on Monday, June 8th. Finally, National Bank Financial reduced their price target on shares of Saputo from C$46.00 to C$44.00 and set a “sector perform” rating for the company in a research note on Wednesday, May 6th. Eight investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Saputo presently has an average rating of “Moderate Buy” and a consensus price target of C$46.73.

About Saputo

Saputo, one of the top ten dairy processors in the world, produces, markets, and distributes a wide array of dairy products of the utmost quality, including cheese, fluid milk, extended shelf-life milk and cream products, cultured products, and dairy ingredients. Saputo is a leading cheese manufacturer and fluid milk and cream processor in Canada and a leading dairy processor in Australia. In the USA, Saputo ranks among the top three cheese producers and is one of the top producers of extended shelf-life and cultured dairy products.