|Bid||25.31 x 0|
|Ask||25.38 x 0|
|Day's Range||25.15 - 26.35|
|52 Week Range||17.04 - 35.82|
|Beta (5Y Monthly)||0.17|
|PE Ratio (TTM)||42.13|
|Earnings Date||Apr. 29, 2020 - May 03, 2020|
|Forward Dividend & Yield||0.64 (2.56%)|
|Ex-Dividend Date||Mar. 11, 2020|
|1y Target Est||31.56|
Today we'll look at Maple Leaf Foods Inc. (TSE:MFI) and reflect on its potential as an investment. Specifically, we'll...
This defensive dividend stock is an apt pick for the good as well as bad times. The post Canadian Investors: You Can’t Miss This Solid Defensive Stock appeared first on The Motley Fool Canada.
Lockdowns are sure to lead to economic contraction, so investors should consider defensive stocks like Empire Company Ltd. (TSX:EMP.A) right now.The post Bear Market: 2 Defensive Stocks to Hold Now appeared first on The Motley Fool Canada.
(Bloomberg) -- Food giants across North America are offering staff working at its meat plants more money as their already-grueling jobs become even more critical during the coronavirus crisis.Cargill Inc., the world’s largest agricultural commodities trader, spam-maker Hormel Foods Corp. and top Canadian food processor Maple Leaf Foods Inc. are offering cash bonuses for plant staff amid a threat of production disruptions if workers start calling in sick due to the deadly virus.That’s a stark turnaround for an industry that rarely offers even paid sick leave for plant employees. But as shoppers stock up on meat and prepare to stay home to weather the pandemic, and possible disruptions to immigrant worker visas loom, meat giants are trying to keep their factories running.Cargill, the third-largest U.S. beef packer, is paying an additional $2 an hour for employees that complete all their weekly shifts as well as a $500 bonus to the ones that work all their schedules through May 3. It’s also offering paid leave for 2 weeks for employees affected by the coronavirus through March 31.Hormel will spend more than $4 million on cash bonuses for workers “who have been working around the clock” to ensure its products are available, the company said Monday. Full-time workers will receive $300 while part-time workers will get $150 in addition to extended paid sick leave.Also read: Threat of Sick Workers at U.S. Meat Plants Forces Policy ChangesSales of Hormel’s Spam increased as much as 37% in the four weeks ended March 8, according to a Bloomberg Intelligence report, which cited IRI data.Maple Leaf will be providing hourly staff with an C$80 ($55) per week additional support payment in addition to regular overtime and pay, it said Monday in a statement.Meat demand has soared since the outbreak, forcing many food giants to shift their production processes to supply grocery stores instead of restaurants. At the same time, there are concerns about the ability of immigrant workers to get visas as U.S. President Donald Trump clamps down on border crossings.(Updates with Cargill program in fourth paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Maple Leaf Foods expands efforts to support front line workers, communities and health care providers during COVID-19 pandemic
Value investors, consider these 3 stocks: Restaurant Brands International Inc. (TSX:QSR)(NYSE:QSR), Gildan Activewear (TSX:GIL) and Maple Leaf Foods (TSX:MFI).The post Flee to Safety With These 3 Stocks appeared first on The Motley Fool Canada.
Maple Leaf Foods Inc (TSX:MFI) and these two other stocks could provide a good source of cash flow for your portfolio for many years.The post TFSA Investors: 3 Dividend Stocks That Just Raised Their Payouts appeared first on The Motley Fool Canada.
Investors looking to buy companies in the alternative meat space can consider Maple Leaf Foods for long-term gains.
It's been a mediocre week for Maple Leaf Foods Inc. (TSE:MFI) shareholders, with the stock dropping 12% to CA$22.38 in...
MISSISSAUGA, Ont. — Maple Leaf Foods Inc. increased its dividend as it anticipates profitable growth this year from its meat operations and revenues increasing by 30 per cent from its plant protein group.The company says it will now pay a quarterly dividend of 16 cents per share, up from its previous rate of 14.5 cents per share."We are very excited about where we are headed as a company," stated CEO Michael McCain. "Our investments in our meat protein business are paying off. In plant protein, we are continuing on a purposeful yet disciplined path as we build our brands and solidify our strong market position."The company last year set a goal of deriving $3 billion in plant protein sales by 2029 assuming a market size of about $25 billion. These sales were $176.4 million in 2019, up 27.3 per cent from 2018.That included $49.7 million in the fourth quarter.Maple Leaf says it Greenleaf brand had a strong second-place position in both the U.S. and Canadian markets. Its U.S. market share was 29 per cent in the fourth quarter and 16 per cent in Canada.Maple Leaf reported a fourth-quarter profit of $17.5 million or 14 cents per share for the period quarter ended Dec. 31, compared with a profit of $11.9 million or 10 cents per share in the last three months of 2018.Sales totalled $1 billion, up from $893.9 million in the fourth quarter of 2018. While plant protein sales gained 31.5 per cent in the quarter, meat sales rose 13.3 per cent or 9.9 per cent excluding acquisitions, driven by strong pork prices.On an adjusted basis, Maple Leaf says it earned 12 cents per share, down from an adjusted profit of 29 cents per share in the same quarter a year earlier.Analysts on average had expected a profit of 17 cents per share and revenue of $986.5 million, according to financial markets data firm Refinitiv.Irene Nattel of RBC Dominion Securities said the company's additional disclosure of information is critical "to closing the forecasted earnings chasm and setting realistic expectations as management works to achieve its reiterated 14-16 per cent EBITDA margin target by 2022.""Overall, while magnitude of spend is higher than our forecasts in 2020, appears to be within the range of expectations, results and outlook supportive of our recent upgrade to outperform," she wrote in a note.Maple Leaf shares lost $1.07 or 4.5 per cent at $22.60 before all trading on the TSX was halted because of an outage.This report by The Canadian Press was first published Feb. 27, 2020.Companies in this story: (TSX:MFI)The Canadian Press
TSX: MFI www.mapleleaffoods.com Fourth quarter delivers strong sales and margin momentum in the Meat Protein Group while consistent disciplined brand building activities drive over 30.0% sales growth in ...
TORONTO — Urgent action is needed to restore rail service currently being disrupted by anti-pipeline blockades, a group of business leaders said Tuesday.Dennis Darby, CEO of Canadian Manufacturers and Exporters, said at a press conference in Toronto that the federal government needs to act as some $425 million worth of goods are being held up for every day the blockade goes on."This issue is beyond serious, it's critical...manufacturers don't have much time before the impact becomes dire," he said.His comments come as a rail blockade continues east of Toronto to show solidarity with hereditary Wet'suwet'en chiefs opposed to construction of the Coastal GasLink natural gas pipeline through their traditional territories in northwestern B.C.Darby said that while businesses respect the right to protest, these actions are taking place on private property and affecting the wider economy. Layoffs could be coming within days if the situation isn't resolved as manufacturing and exports are disrupted by shortages, he said.Prime Minister Justin Trudeau said in Parliament Tuesday that this was a "critical moment" for the country and is extending his hand to the protesting First Nations to resolve the situation that "cannot afford to fail."Darby said Trudeau's comments on the matter are welcome, but there needs to more concrete action as well as relief assistance for affected businesses."The Prime Minister's comments today were encouraging, but we need real action at this point to solve the crisis."Maple Leaf Foods president Curtis Frank said the company is dependent on timely transport for its perishable products and that the company, along with many producers, need a reliable network for its exports or risk losing customers."The time to act is now. We need to restore the timely movement of goods across this country now. Our viability simply depends on it."He said the company has tried to use alternatives such as trucking but many routes are already overwhelmed, while costs are already escalating. He said the spot market for trucking between Winnipeg and Vancouver, for example, has nearly doubled since the blockades started.This report by The Canadian Press was first published Feb. 18, 2020.Companies in this story: (TSX:MFI)The Canadian Press
Maple Leaf Foods (TSX:MFI) could take a meaningful bite out of Beyond Meat's (NASDAQ:BYND) potential market in the next few years.
TSX: MFI www.mapleleaffoods.com TORONTO , Feb. 11, 2020 /CNW/ - Maple Leaf Foods Inc. will report its financial results for the fourth quarter 2019 on February 27, 2020. The financial results will be released ...
If you're interested in Maple Leaf Foods Inc. (TSE:MFI), then you might want to consider its beta (a measure of share...
TORONTO , Jan. 24, 2020 /CNW/ - S&P Dow Jones Indices announces the following index changes as a result of the annual S&P/TSX Canadian Dividend Aristocrats Index review. These changes will be effective ...
Growth in two major markets should lead to big things for TSX stocks like Maple Leaf Foods Inc. (TSX:MFI) and Jamieson Wellness Inc. (TSX:JWEL).