Saputo Inc. (SAP) Insider Purchases C$40,920.00 in Stock

Saputo Inc. (TSE:SAP) insider Carl Colizza bought 1,000 shares of the company’s stock in a transaction that occurred on Friday, August 10th. The stock was purchased at an average price of C$40.92 per share, for a total transaction of C$40,920.00.

Saputo stock traded up C$0.69 during mid-day trading on Thursday, hitting C$41.81. The company had a trading volume of 75,333 shares, compared to its average volume of 418,231. Saputo Inc. has a 12-month low of C$39.08 and a 12-month high of C$47.59.

Saputo (TSE:SAP) last released its quarterly earnings data on Thursday, June 7th. The company reported C$0.35 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.42 by C($0.07). Saputo had a return on equity of 30.30% and a net margin of 11.15%. The company had revenue of C$2.74 billion during the quarter, compared to analysts’ expectations of C$2.71 billion.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 14th. Shareholders of record on Tuesday, September 4th will be given a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 1.58%. The ex-dividend date is Friday, August 31st. This is a positive change from Saputo’s previous quarterly dividend of $0.16.

A number of equities research analysts recently commented on SAP shares. National Bank Financial upped their target price on Saputo from C$45.00 to C$46.00 and gave the company a “sector perform” rating in a research report on Wednesday, August 1st. Royal Bank of Canada upped their target price on Saputo from C$48.00 to C$49.00 and gave the company an “outperform” rating in a research report on Friday, June 8th. CIBC dropped their target price on Saputo from C$51.00 to C$50.00 in a research report on Friday, June 8th. TD Securities lowered their price objective on Saputo from C$45.00 to C$42.00 and set a “hold” rating on the stock in a research report on Friday, June 8th. Finally, Desjardins lowered Saputo from a “buy” rating to a “hold” rating and lowered their price objective for the stock from C$48.00 to C$42.00 in a research report on Friday, June 8th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Saputo presently has a consensus rating of “Hold” and a consensus price target of C$46.14.

About Saputo

Saputo Inc produces, markets, and distributes dairy products in Canada, the United States, Argentina, Australia, and internationally. It offers cheese products, including mozzarella and cheddar; specialty cheese, such as ricotta, provolone, parmesan, goat cheese, feta, and havarti; fine cheese, such as brie and camembert; other cheese, including brick, colby, farmer, munster, monterey jack, fresh curd, and processed cheese; and butter.

See Also: Book Value Per Share – BVPS

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

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