|Bid||32.88 x 0|
|Ask||33.05 x 0|
|Day's Range||32.60 - 33.15|
|52 Week Range||26.05 - 35.82|
|Beta (3Y Monthly)||0.62|
|PE Ratio (TTM)||50.94|
|Earnings Date||Oct 23, 2019 - Oct 28, 2019|
|Forward Dividend & Yield||0.58 (1.77%)|
|1y Target Est||40.86|
TORONTO, Aug. 14, 2019 /CNW/ - Canadian parents are feeling increasing pressures from other parents and peers, particularly when feeding their kids, according to a new study from Maple Leaf Foods. The research reveals a third of Canadian parents want others to think they are the 'perfect parent' (31 per cent) and feel guilty for feeding their kids foods they enjoy like hot dogs (34 per cent), while an additional one in four said they felt judged by others for doing so (26 per cent). Canadian parents say they feel increasing pressure from multiple directions.
Today we are going to look at Maple Leaf Foods Inc. (TSE:MFI) to see whether it might be an attractive investment...
MISSISSAUGA, ON, Aug. 6, 2019 /CNW/ - (TSX: MFI) – Maple Leaf Foods announced today the release of its 2018 Sustainability Report which outlines the company's key achievements over the past year and targets for the current year. Becoming a sustainable protein company is a journey Maple Leaf Foods has been on for several years, and while work remains to be done, meaningful progress has been accomplished in 2018. "At Maple Leaf Foods, we are working toward more sustainable food production and a more sustainable protein industry by doing things smarter, better and more responsibly," said Michael McCain, President and CEO, Maple Leaf Foods.
Maple Leaf Foods Inc. (TSX:MFI) stock surged after its second-quarter 2019 results showed that its plant-based proteins products have performed well.
MISSISSAUGA, Ont. — Maple Leaf Foods Inc.'s second-quarter sales rose by 12.5 per cent, fuelled in part by growing demand for plant-based protein products.The company said Thursday its revenue grew to $1.02 billion, up from $909.2 million a year ago, driven by acquisitions, its value-added product portfolio and continued double-digit growth in plant-based protein.The company has heavily invested in plant-based protein, acquiring two brands — Field Roast Grain Meat and Lightlife.Maple Leaf Foods chief executive Michael McCain says its meat protein business delivered excellent profit growth even with difficult market conditions, and it is well-positioned to capitalize on the growing demand for plant-based protein."We have materially stepped up our game as a leader in the plant-based protein market, positioning us to win in this high-growth business," he said in a statement.The trend toward plant-based protein is shaking up the food industry and has some traditional meat producers worried, while others, like Maple Leaf are hopping into the game themselves.Maple Leaf plans to pursue aggressive growth in the plant-based protein space, targeting 2020 sales of more than $280 million.Shares in competitor and market leader Beyond Meat have risen more than 600 per cent since it went public in May as it reported revenue of more than $67 million that blew past analysts' expectations and raised its outlook for the year.Restaurants across Canada are jumping into the market, with Tim Hortons and A&W offering Beyond Meat burgers. Kelsey's Original Roadhouse started to serve a bourbon BBQ meatless burger from Maple Leaf's Lightlife brand in June.When A&W Food Services of Canada Inc. started selling Beyond Meat burgers, the chain temporarily ran out of stock.Maple Leaf has said it believes Lightlife's veggie burger will be more broadly distributed than the Beyond Meat burger, though the company has lost some market share to its competitor.The other major player in the plant-based protein space is Impossible Foods, which is ramping up production to meet demand from customers, including big chains like White Castle and Burger King.U.S. sales of meat alternatives have grown an average of eight per cent per year for the last five years, according to Nielsen. Meat sales were flat in the same time period.Despite the growth of the plant-based protein segment, Maple Leaf posted a net loss of $6.3 million or five cents per share during the three months ended June 30 due to $60.7 million of non-cash fair value changes on balance sheet items.On an adjusted basis, Maple Leaf reported operating earnings of $65.2 million, or 33 cents per share. Analysts had expected quarterly revenue of $1 billion and earnings per share of 31 cents, according to financial markets data firm Refinitiv. Companies in this story: (TSX:MFI)The Canadian Press
TSX: MFI www.mapleleaffoods.com MISSISSAUGA, ON , Aug. 1, 2019 /CNW/ - Maple Leaf Foods Inc. ("Maple Leaf Foods" or "the Company") (TSX: MFI) today reported its financial results for ...
(Bloomberg) -- Investors are searching for companies with strong Environmental, Social and Governance (ESG) profiles, and Canaccord Genuity sees opportunities in a wide-range of sectors from energy to real estate.Canaccord listed 16 top Canadian ESG picks in a research note to clients this week, and the bank’s work indicates that more than “two-thirds of asset managers now employ one form of ESG investing over a portion of their investment mandates.” The bank’s stock picks included companies that are improving on environmental sustainability and making efforts to cut their carbon footprint, betting that those efforts will yield returns for both investors and the planet.Oil sands firms such as Calgary-based Suncor Energy Inc. and Canadian Natural Resources Ltd. are battling the ESG narrative as governments push for changes including lower carbon emissions and stronger dialogue with first nations communities, though Canaccord sees improvements being made.Suncor’s target of lowering CO2 intensity per barrel by 30% over the next ten years is achievable, Canaccord says and “could be supported by the investment of ~C$635 million in technology development and deployment in 2018.”Meanwhile, Vancouver-based B2Gold Corp. is “committed to ESG principles and has published an annual Responsible Mining Report outlining the company’s economic, environmental, and social performance since 2016.”Airline companies aren’t traditionally ought to be "eco-friendly," but Montreal-based Air Canada "recently reported a 44.5% improvement in fuel efficiency (from 1990 to 2018) and noted that mechanized ground support equipment is now 15% electricity-based and 12% low-emission propane," according to Canaccord.Canaccord’s additional picks:Maple Leaf Foods Inc., Gen III Oil Corp., Secure Energy Services Inc., Tervita Corp., Vermilion Energy Inc., Toronto-Dominion Bank, Stantec Inc., Teck Resources Ltd., TMAC Resources Inc., Keyera Corp., Brookfield Asset Management Inc., CGI Inc., Telus Corp.“With Canadian ESG assets under management growing over 20% in the last two years, we believe momentum continues to build within the ESG investment landscape,” Canaccord’s Canadian equity research team added in its note.To contact the reporter on this story: Michael Bellusci in Toronto at email@example.comTo contact the editors responsible for this story: Brad Olesen at firstname.lastname@example.org, Scott Schnipper, Emily ChasanFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
When we invest, we're generally looking for stocks that outperform the market average. And in our experience, buying...
TSX: MFI www.mapleleaffoods.com TORONTO , July 18, 2019 /CNW/ - Maple Leaf Foods Inc. will report its financial results for the second quarter 2019 on August 1, 2019 . The financial results will be released ...
Maple Leaf Foods Inc (TSX:MFI) and these two other dividend stocks can give your portfolio recurring income and many opportunities for growth as well.
Maker of Natural Top Dogs celebrates the role of hot dogs in Canadian culture MISSISSAUGA, ON , July 16, 2019 /CNW/ - In celebration of National Hot Dog Day, Maple Leaf Foods, maker of the Maple Leaf Natural ...
The business outlooks for Algonquin Power & Utilities Corp. (TSX:AQN)(NYSE:AQN), Maple Leaf Foods Inc. (TSX:MFI), and Savaria Corp. (TSX:SIS) are ultra-bright. Investors should invest now to partake of generous gains in the near future.
Forget Beyond Meat Inc. (NASDAQ:BYND). Here's a Canadian meatless meat play that has me licking my chops!
Dividend-payer Maple Leaf Foods Inc. (TSX:MFI) is a good investment prospect for investors who wants to ride on the flourishing plant-based food industry.
Canadian unemployment is at an all-time low and businesses have a message for politicians ahead of October's national election: We need immigrant workers so do not make the campaign about keeping them out. Concern about immigration is on the rise in Canada, according to a recent survey, especially among Conservative voters whose party leads Prime Minister Justin Trudeau's Liberals in polls ahead of October elections. Unlike the United States where immigration is viewed by some as a threat, Canadian businesses broadly support Trudeau's promise to boost the number of immigrants and refugees allowed into the country every year to about 1% of the population.
Maple Leaf Foods Inc. (TSX:MFI) and Jamieson Wellness Inc. (TSX:JWEL) are both positioned to achieve growth due to current health trends.
In a bid to directly compete with ground beef and pork sausage, Beyond Meat Inc bills itself the world's first plant-based burger sold in the meat case of U.S. grocery stores. The stakes are high in the battle over supermarket real estate, as upstart Beyond Meat seeks to quickly carve out its place in the meat section in the face of pushback from meat producers before more plant-based rivals from Impossible Foods and Nestle SA hit the market. Natural Grocers by Vitamin Cottage Inc, which owns some 150 stores in 19 states, told Reuters it places Beyond Meat in a refrigerated section with other alternative proteins like tofu, and not the meat case, to avoid confusion among shoppers, its co-president, Kemper Isely, said.
Cogeco Communications Inc. (TSX:CCA) is a top stock for June as it is well positioned for growth by the second half of 2019. Maple Leaf Foods Inc. (TSX:MFI) and Loblaw Companies Limited (TSX:L) are excellent alternatives to a telecom stock.