|Bid||26.00 x 0|
|Ask||26.03 x 0|
|Day's Range||24.75 - 26.05|
|52 Week Range||17.04 - 35.82|
|Beta (5Y Monthly)||0.16|
|PE Ratio (TTM)||154.14|
|Earnings Date||Jul. 30, 2020 - Aug. 03, 2020|
|Forward Dividend & Yield||0.64 (2.50%)|
|Ex-Dividend Date||Jun. 08, 2020|
|1y Target Est||32.38|
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.
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 ...
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.
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 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
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.
MISSISSAUGA, ON, April 14, 2020 /CNW/ - Maple Leaf Foods ("Maple Leaf") and the Centre for Action on Food Security ("The Centre") launched a $2 million campaign to support emergency food relief efforts across Canada. "The COVID-19 pandemic has critically heightened the ongoing issue of food insecurity in Canada, which already affects over 4.4 million people including 1 in 6 children," said Lynda Kuhn, Chair of the Maple Leaf Centre for Action on Food Security. Food Banks Canada, Community Food Centres Canada and many organizations are doing extraordinary work to help fellow Canadians who are most vulnerable.
TSX: MFI www.mapleleaffoods.com TORONTO , April 13, 2020 /CNW/ - Maple Leaf Foods Inc. will report its financial results for the first quarter 2020 on April 29, 2020. The financial results will be released ...
At a Wayne Farms chicken processing plant in Alabama, workers recently had to pay the company 10 cents a day to buy masks to protect themselves from the new coronavirus, according to a meat inspector. In Colorado, nearly a third of the workers at a JBS USA beef plant stayed home amid safety concerns for the last two weeks as a 30-year employee of the facility died following complications from the virus. According to more than a dozen interviews with U.S and Canadian plant workers, union leaders and industry analysts, a lack of protective equipment and the nature of "elbow to elbow" work required to debone chickens, chop beef and slice hams are highlighting risks for employees and limiting output as some forego the low-paying work.
MISSISSAUGA, Ont. — Maple Leaf Foods Inc. is suspending operations in its poultry plant in Brampton, Ont., after three employees at the facility tested positive for COVID-19.The company says it's deep cleaning the plant including common areas and offices as it completes an investigation into the cases.Maple Leaf says an additional COVID-19 case has occurred in an employee at a plant in Hamilton, but the worker had not been present at the plant for two weeks before the diagnosis.It says it has completed thorough sanitation at that plant and it is fully operating.In addition to its normal cleaning and use of personal protective equipment at its plants, the company says it has increased the cleaning of all common areas and taken steps to ensure spacing on production lines where possible.Maple Leaf Foods is a producer of food products under several brands including Maple Leaf and Schneider's.This report by The Canadian Press was first published April 8, 2020.Companies in this story: (TSX:MFI)The Canadian Press
Today, we are suspending operations in our Brampton Poultry plant in Brampton, Ontario, out of an abundance of caution while we complete an investigation into three COVID cases that have occurred with people working at that facility. An additional COVID case has occurred in a team member at our Heritage plant in Hamilton, Ontario.
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.
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.