MFI.TO - Maple Leaf Foods Inc.

Toronto - Toronto Delayed Price. Currency in CAD
28.43
-0.15 (-0.52%)
At close: 4:00PM EDT
Stock chart is not supported by your current browser
Previous Close28.58
Open28.46
Bid28.46 x 0
Ask28.52 x 0
Day's Range28.36 - 28.76
52 Week Range17.04 - 35.82
Volume55,742
Avg. Volume305,398
Market Cap3.522B
Beta (5Y Monthly)0.17
PE Ratio (TTM)168.22
EPS (TTM)0.17
Earnings DateJul. 30, 2020 - Aug. 03, 2020
Forward Dividend & Yield0.64 (2.24%)
Ex-Dividend DateJun. 08, 2020
1y Target Est32.88
  • Buy Now: The Rally in These 2 TSX Stocks Has Only Just Begun
    The Motley Fool

    Buy Now: The Rally in These 2 TSX Stocks Has Only Just Begun

    The strong potential of their businesses indicates that rally in these two TSX stocks has just started.The post Buy Now: The Rally in These 2 TSX Stocks Has Only Just Begun appeared first on The Motley Fool Canada.

  • Maple Leaf Foods Inc. Announces Results of Vote For Election of Directors
    CNW Group

    Maple Leaf Foods Inc. Announces Results of Vote For Election of Directors

    MISSISSAUGA, ON , June 24, 2020 /CNW/ - Maple Leaf Foods Inc. reports that at its Annual Meeting of shareholders on June 24, 2020 there were 528 shareholders voting in person and by proxy holding in total ...

  • Investing $2,000 in These Top TSX Stocks Is a Genius Move
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    Investing $2,000 in These Top TSX Stocks Is a Genius Move

    Canadian investors with some cash should look to snatch up top TSX stocks like Toromont Industries Ltd. (TSX:TIH) before we move into July.The post Investing $2,000 in These Top TSX Stocks Is a Genius Move appeared first on The Motley Fool Canada.

  • TSX Investors: Here’s How I’d Invest $2,000 Right Now
    The Motley Fool

    TSX Investors: Here’s How I’d Invest $2,000 Right Now

    Recent volatility should spur TSX investors to look at promising long-term stocks like Maple Leaf Foods Inc. (TSX:MFI) and others before July.The post TSX Investors: Here’s How I’d Invest $2,000 Right Now appeared first on The Motley Fool Canada.

  • 4 Consumer Staple Stocks That Raised Dividends in Q1
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    4 Consumer Staple Stocks That Raised Dividends in Q1

    Metro (TSX:MRU) and Alimentation Couche-Tard (TSX:ATD.B) are among the stocks that raised the dividend in Q1. Are the Dividend Aristocrats a buy?The post 4 Consumer Staple Stocks That Raised Dividends in Q1 appeared first on The Motley Fool Canada.

  • Future Winners: 3 TSX Stocks That Could Make You Rich
    The Motley Fool

    Future Winners: 3 TSX Stocks That Could Make You Rich

    Looking for future winners? Consider investing in these three TSX stocks.The post Future Winners: 3 TSX Stocks That Could Make You Rich appeared first on The Motley Fool Canada.

  • Forget Beyond Meat (NASDAQ:BYND): This Stock’s a Better Deal
    The Motley Fool

    Forget Beyond Meat (NASDAQ:BYND): This Stock’s a Better Deal

    Beyond Meat, Inc. (NASDAQ:BYND) is an attractive growth stock, but investors are paying a steep price to buy it.The post Forget Beyond Meat (NASDAQ:BYND): This Stock's a Better Deal appeared first on The Motley Fool Canada.

  • Grill With Goodness: Maple Leaf Foods Launches Maple Leaf 50/50™, a Range of Products Made With Half Premium Meat, Half Plant-Based Protein and Natural Ingredients
    CNW Group

    Grill With Goodness: Maple Leaf Foods Launches Maple Leaf 50/50™, a Range of Products Made With Half Premium Meat, Half Plant-Based Protein and Natural Ingredients

      These innovative fusion protein offerings answer consumer interest in plant-protein without compromising taste. Canadians can learn more and join in grilling conversations with the experts from Maple ...

  • Baystreet

    Why Maple Leaf Stock is Perfect for a TFSA

    Maple Leaf Foods (TSX:MFI) is a top Canadian packaged foods company. Its shares have climbed 29% over ...

  • Baystreet

    Stocks in play: Maple Leaf Foods Inc.

    And the Maple Leaf Centre for Action on Food Security today announced the recipients of the 2020/21 ...

  • Maple Leaf Centre for Action on Food Security Awards Three Scholarships in Food Insecurity
    CNW Group

    Maple Leaf Centre for Action on Food Security Awards Three Scholarships in Food Insecurity

    MISSISSAUGA, ON, June 8, 2020 /CNW/ - (TSX:MFI.TO - News) Maple Leaf Foods and the Maple Leaf Centre for Action on Food Security ("the Centre") today announced the recipients of the 2020/21 Scholarships in Food Insecurity. Master's candidate Michelle Aktary, University of Calgary; Doctoral candidate Lindsey Vold, University of Saskatchewan; and Doctoral candidate Bochu Liu, University of Toronto, will each receive a $15,000 scholarship to support their research.

  • 2 TSX Stocks Set to Deliver High Growth
    The Motley Fool

    2 TSX Stocks Set to Deliver High Growth

    These two TSX stocks are in a sweet spot and set to surge in the long run.The post 2 TSX Stocks Set to Deliver High Growth appeared first on The Motley Fool Canada.

  • Canada-China Relations: 3 TSX Stocks That May Be Hit Hard
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    Canada-China relations are worse after a key court decision, which may hurt TSX stocks like Sun Life Financial Inc. (TSX:SLF)(NYSE:SLF).The post Canada-China Relations: 3 TSX Stocks That May Be Hit Hard appeared first on The Motley Fool Canada.

  • Maple Leaf Foods (TSX:MFI): Buy it and Hold for Decades
    The Motley Fool

    Maple Leaf Foods (TSX:MFI): Buy it and Hold for Decades

    Are you a patient investor? Consider buying Maple Leaf Foods for stellar long-term gains.The post Maple Leaf Foods (TSX:MFI): Buy it and Hold for Decades appeared first on The Motley Fool Canada.

  • TFSA Investors: Top 3 Future Stocks
    The Motley Fool

    TFSA Investors: Top 3 Future Stocks

    Stocks like Kinaxis Inc. (TSX:KXS) have a very bright future that could power big tax-free gains for TFSA investors for the long term.The post TFSA Investors: Top 3 Future Stocks appeared first on The Motley Fool Canada.

  • Maple Leaf Foods Receives TSX Approval To Proceed With Normal Course Issuer Bid
    CNW Group

    Maple Leaf Foods Receives TSX Approval To Proceed With Normal Course Issuer Bid

    MISSISSAUGA, ON, May 21, 2020 /CNW/ - Maple Leaf Foods Inc. (the "Company") today announced that the Toronto Stock Exchange (the "TSX") has accepted the notice filed by the Company to establish a normal course issuer bid ("NCIB") program. The NCIB program commences on May 25, 2020 and will terminate on May 24, 2021, or on such earlier date as the Company may complete its purchases pursuant to a Notice of Intention filed with the TSX.

  • Maple Leaf Foods Management Information Circular Now Available
    CNW Group

    Maple Leaf Foods Management Information Circular Now Available

    TSX : MFI www.mapleleaffoods.com MISSISSAUGA, ON , May 20, 2020 /CNW/ - Maple Leaf Foods Inc. (the "Company") today announced that it has filed its 2020 notice of annual meeting of shareholders ...

  • Thomson Reuters StreetEvents

    Edited Transcript of MFI.TO earnings conference call or presentation 29-Apr-20 12:00pm GMT

    Q1 2020 Maple Leaf Foods Inc Earnings Call

  • As meat plant infections rise, Canada lets packers choose when to close
    Reuters

    As meat plant infections rise, Canada lets packers choose when to close

    In Cargill Inc's High River, Alberta plant, supplier of more than one-third of Canada's beef, 391 workers were sick with coronavirus when the company suspended operations, according to provincial health officials. In Canada's fight against the pandemic, public health officials are mostly leaving decisions on closing meat plants to the companies, even though the authorities have power to do so. Alberta Health Services (AHS), for example, could close a plant with unsafe conditions, spokesman Tom McMillan said.

  • Is Maple Leaf Foods (TSX:MFI) Stock a Buy After Q1 Earnings?
    The Motley Fool

    Is Maple Leaf Foods (TSX:MFI) Stock a Buy After Q1 Earnings?

    Maple Leaf Food (TSX:MFI) stock should offer strong defensive qualities during the COVID-19 pandemic. First-quarter 2020 results show.The post Is Maple Leaf Foods (TSX:MFI) Stock a Buy After Q1 Earnings? appeared first on The Motley Fool Canada.

  • Maple Leaf Foods says pandemic costs will add up to $20 million to Q2 expenses
    The Canadian Press

    Maple Leaf Foods says pandemic costs will add up to $20 million to Q2 expenses

    Maple Leaf Foods Inc. says increased expenses tied to the COVID-19 pandemic will drain up to $20 million from its income statement in the second quarter as it struggles to cope with market shifts, public health restrictions and plant shutdowns following infections at several sites.The higher costs include extra spending on labour — including a weekly $80 bonus to hourly staff — personal protective equipment, sanitation and screening, the company said.“Unfortunately, we have identified some cases of COVID-19 among front-line team members that work in our processing facilities," CEO Michael McCain said during a conference call with analysts Wednesday.The infections required the company to suspend operations "at a small number of facilities over the past several weeks for as little as 24 hours to about a week," he said.Even with strict protocols in place at processing facilities, "there’s a certain sense of unpredictability going forward."More broadly, McCain cited volatility triggered by the crisis as demand migrated to retail thanks to consumer "hoarding" and away from food service, where sharp declines began in mid-March.While Maple Leaf derives about three-quarters of its business from retail, the shift toward it has nonetheless been highly disruptive as the company grapples with insufficient capacity to churn out some products for retail, he said.Among the most popular items for home-bound Canadians and Americans are wieners, sausages and bacon, while deli meat sales have dipped with the shutdown of restaurants across the continent, McCain said. "Some categories like lunch kits tend to suffer with families at home."Despite ongoing uncertainty, Maple Leaf maintained its earnings forecast for the year and said it expects its financial performance will be "largely unchanged."The food producer cited a hunger for pork in China and Japan as well as continued demand for plant-based protein, even as it contends with unstable pork and poultry commodity markets, potential plant closures down the line and ongoing public health measures that have shuttered the restaurant industry.Last quarter, sales of meat products rose by nearly 13 per cent year over year while plant protein sales jumped by more than 25 per cent. Driven by expanded distribution of new products and more volume for existing ones, sales of plant protein — which includes grain-based protein and vegan cheese products — still comprise less than five per cent of total sales.Maple Leaf reported a first-quarter loss of $3.7 million or three cents per share compared with a profit of $50.1 million or 41 cents per share a year ago.The loss came as it made strategic investments in plant protein and saw a $36.7-million impact to earnings from non-cash fair value changes in biological assets and derivative contracts driven by depressed market prices for hogs, the company said.On an adjusted basis, operating earnings amounted to $45.1 million or 21 cents per share for the quarter ended March 31, up from $42.1 million or 20 cents per share in the same quarter a year earlier. Analysts had expected adjusted earnings of 16 cents per share, according to financial markets data firm Refinitiv.Sales in the first three months of 2020 totalled $1.02 billion, up from $907.1 million in the first quarter of 2019.This report by The Canadian Press was first published April 29, 2020.Companies in this story: (TSX:MFI)Christopher Reynolds, The Canadian Press

  • Maple Leaf Foods Reports First Quarter 2020 Financial Results
    CNW Group

    Maple Leaf Foods Reports First Quarter 2020 Financial Results

    TSX: MFI www.mapleleaffoods.com Company continues to execute against its strategy, and remains steadfastly focused on the health and safety of its people, business continuity, elevating community outreach ...

  • Forget Beyond Meat (NASDAQ:BYND) and Buy This TSX Stock for Healthy Returns
    The Motley Fool

    Forget Beyond Meat (NASDAQ:BYND) and Buy This TSX Stock for Healthy Returns

    Investors looking to buy companies in the alternative meat space can consider Maple Leaf Foods for solid gains in 2020 and beyond.The post Forget Beyond Meat (NASDAQ:BYND) and Buy This TSX Stock for Healthy Returns appeared first on The Motley Fool Canada.

  • How lab-grown meat could solve shortages, safety issues
    Yahoo Finance Video

    How lab-grown meat could solve shortages, safety issues

    CFRA analyst Arun Sundaram joins Yahoo Finance’s Alexis Christoforous, Brian Sozzi and Heidi Chung to discuss how lab-grown meat could capture more attention as traditional meat production becomes less sustainable.

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