Steven Michael Douglas Sells 19,777 Shares of Saputo (TSE:SAP) Stock

Saputo Inc. (TSE:SAP) Director Steven Michael Douglas sold 19,777 shares of the company’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of C$41.90, for a total transaction of C$828,656.30. Following the sale, the director directly owned 12,917 shares of the company’s stock, valued at C$541,222.30. This represents a 60.49% decrease in their position.

Steven Michael Douglas also recently made the following trade(s):

• On Tuesday, June 16th, Steven Michael Douglas bought 3,875 shares of Saputo stock. The stock was acquired at an average price of C$41.01 per share, for a total transaction of C$158,913.75.
• On Tuesday, June 16th, Steven Michael Douglas bought 2,000 shares of Saputo stock. The shares were acquired at an average cost of C$40.95 per share, with a total value of C$81,900.00.
• On Monday, June 15th, Steven Michael Douglas sold 11,991 shares of Saputo stock. The shares were sold at an average price of C$41.83, for a total transaction of C$501,583.53.
• On Monday, June 15th, Steven Michael Douglas sold 5,803 shares of Saputo stock. The shares were sold at an average price of C$41.93, for a total transaction of C$243,319.79.

Saputo Trading Down 2.0%

Shares of Saputo stock opened at C$40.57 on Thursday. The firm has a market capitalization of C$16.25 billion, a PE ratio of 24.89, a price-to-earnings-growth ratio of 0.56 and a beta of 0.06. The company has a current ratio of 1.71, a quick ratio of 0.67 and a debt-to-equity ratio of 48.08. The firm’s 50 day moving average is C$41.12 and its 200 day moving average is C$41.52. Saputo Inc. has a 1 year low of C$26.35 and a 1 year high of C$45.09.

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

Saputo Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Thursday, June 25th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $0.80 annualized dividend and a dividend yield of 2.0%. Saputo’s payout ratio is 48.47%.

Trending Headlines about Saputo

Here are the key news stories impacting Saputo this week:

• Positive Sentiment: Director Steven Michael Douglas bought 3,875 shares and then another 2,000 shares of Saputo, signaling confidence in the company’s outlook and partially offsetting recent selling. Saputo insider trade details
• Neutral Sentiment: Saputo recently paid a quarterly dividend of C$0.20 per share, which supports income-focused investors but is not a new catalyst. Saputo dividend details
• Neutral Sentiment: Analyst sentiment remains constructive overall, with a “Moderate Buy” consensus and a target price above the current trading range, suggesting the stock still has room to recover if fundamentals hold. Saputo analyst ratings
• Negative Sentiment: Several insider sales, including large disposals by Leanne Cutts and Martin Gagnon, as well as earlier selling by Steven Michael Douglas, may weigh on investor sentiment because they can be read as reduced confidence at current levels. Insider selling article

Analyst Ratings Changes

Several equities research analysts recently issued reports on SAP shares. National Bank Financial decreased their price target on shares of Saputo from C$46.00 to C$44.00 and set a “sector perform” rating on the stock in a report on Wednesday, May 6th. Ventum Capital boosted their price target on Saputo from C$47.00 to C$48.00 and gave the stock a “buy” rating in a report on Monday, June 8th. TD cut their target price on shares of Saputo from C$52.00 to C$51.00 and set a “buy” rating on the stock in a research report on Monday, June 8th. Finally, Ventum Financial set a C$47.00 target price on shares of Saputo and gave the stock a “buy” rating in a research report on Wednesday, April 22nd. Eight equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$46.73.

Saputo Company Profile

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.