Saputo Inc. announces a $0.19 quarterly dividend, with a 2.48% yield. Recent stock performance, insider transactions, and analyst ratings highlight the company’s strong financial health.
Saputo Inc., a prominent global dairy products manufacturer, has recently declared its quarterly dividend and provided an update on its stock performance. Based in Montreal, Canada, Saputo operates in various countries and is well-known for its wide range of dairy products. This update highlights the company’s dividend announcement, stock movements, insider transactions, and analyst ratings.
Quarterly Dividend Announcement
On August 8, 2024, Saputo Inc. announced a quarterly dividend of $0.19 per share. This dividend will be paid on September 20, 2024, to investors who are on record as of September 10, 2024. The annualized dividend is now $0.76 per share, yielding 2.48%, up from the previous quarterly dividend.
Stock Performance
As of August 9, 2024, Saputo’s stock (TSE) experienced a decline of 2.9%, closing at C$30.64. Below is a summary of the recent stock performance and financial metrics:
| Metric | Value |
| Closing Price (August 9, 2024) | C$30.64 |
| Trading Volume | 286,343 shares |
| Average Volume | 415,206 shares |
| Market Capitalization | C$13.00 billion |
| P/E Ratio | 39.28 |
| Beta | 0.32 |
| 50-Day Moving Average | C$30.58 |
| 200-Day Moving Average | C$28.32 |
| 12-Month Low | C$25.28 |
| 12-Month High | C$32.15 |
| Quick Ratio | 0.67 |
| Current Ratio | 1.55 |
| Debt-to-Equity Ratio | 58.27 |
Financial Metrics, Highlighting a 2.9% Decline Closing at C$30.64
Recent Earnings and Financial Metrics
Saputo recently reported its earnings for the quarter ending June 6, 2024:
| Metric | Value |
| Earnings Per Share (EPS) | C$0.37 |
| Return on Equity (ROE) | 4.76% |
| Net Margin | 1.92% |
| Revenue | C$4.55 billion |
| Analyst EPS Estimate | 1.92 |
Insider Transactions
Recent insider transactions include:
| Transaction Date | Insider | Shares Acquired | Price Per Share | Total Value |
| June 17, 2024 | Sindy Saragoca | 1,361 | C$29.39 | C$39,999.79 |
| June 26, 2024 | Richard Wallace | 4,950 | C$30.48 | C$150,899.76 |
Analyst Upgrades and Downgrades
Recent analyst updates include:
| Analyst | New Target Price | Previous Target Price | Rating | Date |
| National Bankshares | C$36.00 | C$35.00 | – | July 12, 2024 |
| Royal Bank of Canada | C$39.00 | C$36.00 | Outperform | June 4, 2024 |
| Desjardins | C$35.00 | C$33.00 | Buy | June 10, 2024 |
| TD Securities | C$37.00 | C$36.00 | Buy | June 10, 2024 |
| BMO Capital Markets | C$35.00 | C$34.00 | Outperform | June 10, 2024 |
About Saputo Inc.
Saputo Inc. is a leading global dairy producer, offering a variety of cheeses including mozzarella, cheddar, ricotta, provolone, and blue cheese. The company operates in Canada, the United States, Argentina, Australia, and the United Kingdom, serving both domestic and international markets.
Saputo Inc.’s recent dividend announcement underscores its commitment to shareholder value despite fluctuations in stock performance. The positive earnings report, insider transactions, and favorable analyst ratings suggest a strong financial position and growth potential for the company.
