MFI.TO - Maple Leaf Foods Inc.
| Previous Close | 25.79 |
| Open | 25.99 |
| Bid | 25.48 x 0 |
| Ask | 25.51 x 0 |
| Day's Range | 25.43 - 25.99 |
| 52 Week Range | 17.04 - 35.82 |
| Volume | 27,986 |
| Avg. Volume | 393,252 |
| Market Cap | 3.151B |
| Beta (5Y Monthly) | 0.16 |
| PE Ratio (TTM) | 150.47 |
| EPS (TTM) | 0.17 |
| Earnings Date | Jul. 30, 2020 - Aug. 03, 2020 |
| Forward Dividend & Yield | 0.64 (2.48%) |
| Ex-Dividend Date | Jun. 08, 2020 |
| 1y Target Est | 32.38 |
- 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.
- 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.
- Baystreet
Stocks in play: Maple Leaf Foods Inc.
Announced that the Toronto Stock Exchange has accepted the notice filed by the Company to establish ...
CNW GroupMaple 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.
CNW GroupMaple Leaf Foods Management Information Circular Now Available
Maple Leaf Foods Management Information Circular Now Available
- 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
- 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.
- 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.
- 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
CNW GroupMaple 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 ...
- 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.
- 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.
- Baystreet
Stocks Climb on Virus Drug Hope
Equities in Canada’s largest centre rose on Friday, as reports of a potential drug to treat COVID-19 ...
- Baystreet
Stocks in play: Maple Leaf Foods
And the Centre for Action on Food Security launched a $2-million campaign to support emergency food ...
CNW GroupMaple Leaf Foods and the Maple Leaf Centre for Action on Food Security Launch $2 million Campaign to Support Pandemic Emergency Food Relief
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.
CNW GroupMedia Advisory - Maple Leaf Foods Inc. 2020 First Quarter Financial Results Conference Call
Media Advisory - Maple Leaf Foods Inc. 2020 First Quarter Financial Results Conference Call
ReutersRPT-FOCUS-'Elbow to elbow:' North America meat plant workers fall ill, walk off jobs
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.
- The Canadian Press
Maple Leaf halts work at Ontario poultry plant after three COVID-19 cases
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
CNW GroupMaple Leaf Foods Update on COVID-19
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.
- Simply Wall St.
Maple Leaf Foods Inc.’s (TSE:MFI) Investment Returns Are Lagging Its Industry
Today we'll look at Maple Leaf Foods Inc. (TSE:MFI) and reflect on its potential as an investment. Specifically, we'll...
- The Motley Fool
Canadian Investors: You Can’t Miss This Solid Defensive Stock
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.
- The Motley Fool
Bear Market: 2 Defensive Stocks to Hold Now
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.
CNW GroupMaple Leaf Foods expands efforts to support front line workers, communities and health care providers during COVID-19 pandemic
MISSISSAUGA, ON , March 23, 2020 /CNW/ - Maple Leaf Foods Inc. (TSX: MFI) today announced that it is taking immediate action to further support its front line staff, emergency food relief and health care ...
- The Motley Fool
Flee to Safety With These 3 Stocks
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.
- The Motley Fool
TFSA Investors: 3 Dividend Stocks That Just Raised Their Payouts
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.
