Recent Insider Transactions Derivative • Jun 29
President exercised options and sold CA$1.9m worth of stock On the 22nd of June, Carl Colizza exercised 144k options at a strike price of around CA$25.04 and sold these shares for an average price of CA$38.10 per share. This trade did not impact their existing holding. For the year to March 2020, Carl's total compensation was 10% salary and 90% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Carl currently holds less than 1% of total shares outstanding. Company insiders have collectively sold CA$19m more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions • Jun 17
President & COO of Dairy Division (UK) recently sold CA$828k worth of stock On the 15th of June, Steve Douglas sold around 20k shares on-market at roughly CA$41.88 per share. This transaction amounted to 60% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought CA$5.6m more than they sold in the last 12 months. Declared Dividend • Jun 08
Fourth quarter dividend of CA$0.20 announced Shareholders will receive a dividend of CA$0.20. Ex-date: 16th June 2026 Payment date: 25th June 2026 Dividend yield will be 1.9%, which is lower than the industry average of 2.9%. Sustainability & Growth Dividend is well covered by both earnings (48% earnings payout ratio) and cash flows (28% cash payout ratio). The dividend has increased by an average of 4.0% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 51% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jun 06
Saputo Inc. to Report Q1, 2027 Results on Aug 07, 2026 Saputo Inc. announced that they will report Q1, 2027 results on Aug 07, 2026 Reported Earnings • Jun 05
Full year 2026 earnings: EPS misses analyst expectations Full year 2026 results: EPS: CA$1.68 (up from CA$0.42 loss in FY 2025). Revenue: CA$17.6b (down 7.9% from FY 2025). Net income: CA$690.0m (up CA$866.0m from FY 2025). Profit margin: 3.9% (up from net loss in FY 2025). The move to profitability was driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 8.4%. Revenue is forecast to grow 4.0% p.a. on average during the next 2 years, compared to a 3.2% growth forecast for the Food industry in Canada. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Live News • Jun 05
Saputo Sharpens Focus With Argentina Sale and Green Bay Plant Closure Saputo reported its financial results for the fourth quarter and fiscal year ended March 31, 2026, highlighting progress on its long-term plan focused on operational efficiency and portfolio refinement.
The company agreed to sell an 80% interest in its Dairy Division (Argentina), aligning its business mix toward what it views as higher return opportunities.
Saputo will permanently close its Green Bay, Wisconsin facility as part of wider network optimization initiatives.
These moves reflect a tighter focus on assets and regions that the company considers better aligned with its strategic objectives and a more efficient production footprint.
Investors may want to monitor how the Argentina divestment and U.S. plant closure influence margins, one-off restructuring costs and the balance between volume, capacity and profitability. Announcement • May 19
Saputo Inc., Annual General Meeting, Aug 07, 2026 Saputo Inc., Annual General Meeting, Aug 07, 2026. Location: quebec, montreal Canada Announcement • May 14
Saputo Inc. to Report Q4, 2026 Results on Jun 04, 2026 Saputo Inc. announced that they will report Q4, 2026 results After-Market on Jun 04, 2026 Valuation Update With 7 Day Price Move • Apr 17
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CA$38.28, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 13x in the Food industry in North America. Total returns to shareholders of 16% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CA$76.24 per share. Price Target Changed • Mar 31
Price target increased by 10% to CA$46.40 Up from CA$42.14, the current price target is an average from 10 analysts. New target price is 6.8% above last closing price of CA$43.46. Stock is up 72% over the past year. The company is forecast to post earnings per share of CA$1.89 next year compared to a net loss per share of CA$0.42 last year. Announcement • Mar 27
Saputo Inc. Appoints Linda Mantia as Independent Director and Audit Committee Member Saputo Inc. announced that Linda Mantia has been appointed to its Board of Directors as an independent director. Ms. Mantia is a corporate director and former senior executive with experience in operations, technology, and enterprise transformation across global organizations. She currently serves on the boards of Maple Leaf Foods and Liberty Mutual Corporation, and previously served on the boards of McKesson Corporation and Dayforce Inc. From 2016 to 2019, Ms. Mantia was Chief Operating Officer of Manulife Financial Corporation, where she led global operations and oversaw the company’s digital, advanced analytics, and automation initiatives, including artificial intelligence and cybersecurity. Previously, she held senior leadership roles at Royal Bank of Canada, following earlier experience as a consultant with McKinsey & Company. Ms. Mantia holds a law degree from Queen’s University. She has been recognized twice as one of Canada’s Top 100 Most Powerful Women by the Women’s Executive Network. Ms. Mantia will sit on the Company’s Audit Committee. Recent Insider Transactions • Feb 26
President recently sold CA$1.7m worth of stock On the 24th of February, Carl Colizza sold around 40k shares on-market at roughly CA$42.50 per share. This transaction amounted to 33% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Carl has been a net seller over the last 12 months, reducing personal holdings by CA$1.3m. Upcoming Dividend • Feb 26
Upcoming dividend of CA$0.20 per share Eligible shareholders must have bought the stock before 03 March 2026. Payment date: 13 March 2026. Payout ratio is a comfortable 51% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of Canadian dividend payers (5.5%). Lower than average of industry peers (2.5%). Recent Insider Transactions Derivative • Feb 22
Insider exercised options and sold CA$1.7m worth of stock On the 17th of February, Martin Gagnon exercised 210k options at a strike price of around CA$26.16 and sold these shares for an average price of CA$34.09 per share. This trade did not impact their existing holding. Since June 2025, Martin has owned 30.94k shares directly. Company insiders have collectively bought CA$18m more than they sold, via options and on-market transactions, in the last 12 months. Announcement • Feb 13
Gloria Foods S.A. agreed to acquire 80% stake in Argentina Dairy Division of Saputo Inc. from Saputo Inc. (TSX:SAP) for approximately CAD 540 million. Gloria Foods S.A. agreed to acquire 80% stake in Argentina Dairy Division of Saputo Inc. from Saputo Inc. (TSX:SAP) for approximately CAD 540 million on February 12, 2026. A cash consideration of CAD 543 million will be paid by Gloria Foods S.A. As part of consideration, CAD 543 million is paid towards assets of Argentina Dairy Division of Saputo Inc.
For the period ending December 31, 2025, Argentina Dairy Division of Saputo Inc. reported total revenue of CAD 1.2 billion.
The transaction is subject to approval by regulatory board / committee. The expected completion of the transaction is January 1, 2027 to March 31, 2027. Declared Dividend • Feb 11
Third quarter dividend of CA$0.20 announced Shareholders will receive a dividend of CA$0.20. Ex-date: 3rd March 2026 Payment date: 13th March 2026 Dividend yield will be 1.9%, which is lower than the industry average of 2.9%. Sustainability & Growth Dividend is covered by both earnings (51% earnings payout ratio) and cash flows (30% cash payout ratio). The dividend has increased by an average of 4.4% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 29% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 08
Third quarter 2026 earnings: EPS in line with expectations, revenues disappoint Third quarter 2026 results: EPS: CA$0.54 (up from CA$1.22 loss in 3Q 2025). Revenue: CA$4.89b (down 2.1% from 3Q 2025). Net income: CA$220.0m (up CA$738.0m from 3Q 2025). Profit margin: 4.5% (up from net loss in 3Q 2025). The move to profitability was driven by lower expenses. Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Food industry in Canada. Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Announcement • Feb 06
Saputo Inc. Approves Dividend , Payable on March 13, 2026 Saputo Inc. approved a dividend of $0.20 per share, payable on March 13, 2026, to shareholders of record on March 3, 2026. Announcement • Jan 15
Saputo Inc. to Report Q3, 2026 Results on Feb 05, 2026 Saputo Inc. announced that they will report Q3, 2026 results After-Market on Feb 05, 2026 Price Target Changed • Nov 28
Price target increased by 8.2% to CA$38.32 Up from CA$35.41, the current price target is an average from 11 analysts. New target price is approximately in line with last closing price of CA$39.61. Stock is up 52% over the past year. The company is forecast to post earnings per share of CA$1.86 next year compared to a net loss per share of CA$0.42 last year. Upcoming Dividend • Nov 25
Upcoming dividend of CA$0.20 per share Eligible shareholders must have bought the stock before 02 December 2025. Payment date: 12 December 2025. The company is not currently making a profit but it is cash flow positive. Trailing yield: 2.1%. Lower than top quartile of Canadian dividend payers (6.0%). Lower than average of industry peers (2.6%). Declared Dividend • Nov 10
Second quarter dividend of CA$0.20 announced Shareholders will receive a dividend of CA$0.20. Ex-date: 2nd December 2025 Payment date: 12th December 2025 Dividend yield will be 2.2%, which is lower than the industry average of 2.9%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (31% cash payout ratio). The dividend has increased by an average of 4.4% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Reported Earnings • Nov 07
Second quarter 2026 earnings: EPS exceeds analyst expectations while revenues lag behind Second quarter 2026 results: EPS: CA$0.45 (up from CA$0.30 in 2Q 2025). Revenue: CA$4.72b (flat on 2Q 2025). Net income: CA$185.0m (up 47% from 2Q 2025). Profit margin: 3.9% (up from 2.7% in 2Q 2025). Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) exceeded analyst estimates by 1.1%. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Food industry in Canada. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 83 percentage points per year, which is a significant difference in performance. Announcement • Nov 07
Saputo Inc. Approves Dividend, Payable on December 12, 2025 The Board of Directors of Saputo Inc. approved a dividend of $0.20 per share, payable on December 12, 2025, to shareholders of record on December 2, 2025. Announcement • Oct 16
Saputo Inc. to Report Q2, 2026 Results on Nov 06, 2025 Saputo Inc. announced that they will report Q2, 2026 results After-Market on Nov 06, 2025 Upcoming Dividend • Aug 26
Upcoming dividend of CA$0.20 per share Eligible shareholders must have bought the stock before 02 September 2025. Payment date: 12 September 2025. The company is not currently making a profit but it is cash flow positive. Trailing yield: 2.4%. Lower than top quartile of Canadian dividend payers (6.0%). Lower than average of industry peers (2.7%). Price Target Changed • Aug 11
Price target increased by 14% to CA$34.09 Up from CA$30.00, the current price target is an average from 11 analysts. New target price is 6.3% above last closing price of CA$32.07. Stock is up 9.1% over the past year. The company is forecast to post earnings per share of CA$1.76 next year compared to a net loss per share of CA$0.42 last year. Reported Earnings • Aug 08
First quarter 2026 earnings: EPS exceeds analyst expectations while revenues lag behind First quarter 2026 results: EPS: CA$0.40 (up from CA$0.34 in 1Q 2025). Revenue: CA$4.63b (flat on 1Q 2025). Net income: CA$165.0m (up 16% from 1Q 2025). Profit margin: 3.6% (up from 3.1% in 1Q 2025). Revenue missed analyst estimates by 2.4%. Earnings per share (EPS) exceeded analyst estimates by 8.1%. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Food industry in Canada. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 65 percentage points per year, which is a significant difference in performance. Announcement • Jul 17
Saputo Inc. to Report Q1, 2026 Results on Aug 07, 2025 Saputo Inc. announced that they will report Q1, 2026 results After-Market on Aug 07, 2025 Recent Insider Transactions • Jun 25
Insider recently bought CA$8.6m worth of stock On the 18th of June, Joey Saputo bought around 324k shares on-market at roughly CA$26.51 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought CA$59m more in shares than they have sold in the last 12 months. Declared Dividend • Jun 11
Fourth quarter dividend of CA$0.19 announced Shareholders will receive a dividend of CA$0.19. Ex-date: 17th June 2025 Payment date: 26th June 2025 Dividend yield will be 2.8%, which is about the same as the industry average. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (46% cash payout ratio). The dividend has increased by an average of 3.9% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Reported Earnings • Jun 06
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: CA$0.41 loss per share (down from CA$0.63 profit in FY 2024). Revenue: CA$19.1b (up 9.9% from FY 2024). Net loss: CA$176.0m (down 166% from profit in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 78%. Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Food industry in Canada. Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Announcement • Jun 06
Saputo Inc. Approves Dividend, Payable on June 26, 2025 Saputo Inc. announced that its Board of Directors approved a dividend of $0.19 per share payable on June 26, 2025, to shareholders of record on June 17, 2025. Announcement • May 20
Saputo Inc., Annual General Meeting, Aug 08, 2025 Saputo Inc., Annual General Meeting, Aug 08, 2025. Location: quebec, montreal Canada Announcement • May 15
Saputo Inc. to Report Q4, 2025 Results on Jun 05, 2025 Saputo Inc. announced that they will report Q4, 2025 results After-Market on Jun 05, 2025 Recent Insider Transactions • Mar 03
Insider recently bought CA$10m worth of stock On the 28th of February, Joey Saputo bought around 401k shares on-market at roughly CA$25.57 per share. This transaction amounted to 24% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth CA$34m. Insiders have collectively bought CA$49m more in shares than they have sold in the last 12 months. Upcoming Dividend • Feb 25
Upcoming dividend of CA$0.19 per share Eligible shareholders must have bought the stock before 04 March 2025. Payment date: 14 March 2025. The company is not currently making a profit but it is cash flow positive. Trailing yield: 2.9%. Lower than top quartile of Canadian dividend payers (6.5%). Lower than average of industry peers (3.5%). Recent Insider Transactions • Feb 17
Insider recently bought CA$34m worth of stock On the 14th of February, Joey Saputo bought around 1m shares on-market at roughly CA$24.32 per share. This transaction increased Joey Saputo's direct individual holding by 9x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought CA$36m more in shares than they have sold in the last 12 months. Declared Dividend • Feb 10
Third quarter dividend of CA$0.19 announced Shareholders will receive a dividend of CA$0.19. Ex-date: 4th March 2025 Payment date: 14th March 2025 Dividend yield will be 3.2%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is covered by cash flows (51% cash payout ratio). The dividend has increased by an average of 5.1% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Reported Earnings • Feb 07
Third quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2025 results: CA$1.22 loss per share (further deteriorated from CA$0.29 loss in 3Q 2024). Revenue: CA$4.99b (up 17% from 3Q 2024). Net loss: CA$518.0m (loss widened 318% from 3Q 2024). Revenue exceeded analyst estimates by 4.6%. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Food industry in Canada. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Announcement • Jan 16
Saputo Inc. to Report Q3, 2025 Results on Feb 06, 2025 Saputo Inc. announced that they will report Q3, 2025 results After-Market on Feb 06, 2025 Announcement • Dec 24
Saputo Inc. Announces Executive Changes Saputo Inc. announced that Frank Guido will step down from his role as COO of the company., effective immediately, for personal reasons. In addition to his current responsibilities, Carl Colizza, President and CEO, will assume the duties of COO of the company., by interim. Upcoming Dividend • Dec 03
Upcoming dividend of CA$0.19 per share Eligible shareholders must have bought the stock before 10 December 2024. Payment date: 20 December 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 2.9%. Lower than top quartile of Canadian dividend payers (6.1%). Lower than average of industry peers (3.4%). Declared Dividend • Nov 11
Second quarter dividend of CA$0.19 announced Shareholders will receive a dividend of CA$0.19. Ex-date: 10th December 2024 Payment date: 20th December 2024 Dividend yield will be 2.8%, which is about the same as the industry average. Sustainability & Growth Dividend is not covered by earnings (135% earnings payout ratio). However, it is covered by cash flows (56% cash payout ratio). The dividend has increased by an average of 5.1% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 50% to bring the payout ratio under control. EPS is expected to grow by 63% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Reported Earnings • Nov 08
Second quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2025 results: EPS: CA$0.30 (down from CA$0.37 in 2Q 2024). Revenue: CA$4.71b (up 8.9% from 2Q 2024). Net income: CA$126.0m (down 19% from 2Q 2024). Profit margin: 2.7% (down from 3.6% in 2Q 2024). Revenue exceeded analyst estimates by 2.6%. Earnings per share (EPS) missed analyst estimates by 23%. Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Food industry in Canada. Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 4% per year. Announcement • Nov 08
Saputo Inc. Approves Dividend, Payable on December 20, 2024 The Board of Directors of Saputo Inc. approved a dividend of CAD 0.19 per share payable on December 20, 2024, to shareholders of record on December 10, 2024. Announcement • Oct 17
Saputo Inc. to Report Q2, 2025 Results on Nov 07, 2024 Saputo Inc. announced that they will report Q2, 2025 results on Nov 07, 2024 New Risk • Oct 16
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: CA$1.1b This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Minor Risks High level of debt (41% net debt to equity). Dividend is not well covered by earnings (119% payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.5% net profit margin). Significant insider selling over the past 3 months (CA$1.1b sold). Announcement • Oct 01
Caisse de dépôt et placement du Québec acquired an additional 3.2% minority stake in Saputo Inc. (TSX:SAP) for approximately CAD 380 million. Caisse de dépôt et placement du Québec acquired an additional 3.2% minority stake in Saputo Inc. (TSX:SAP) for approximately CAD 380 million on September 30, 2024. CDPQ's stake in the company now totals approximatively 4.5%, following the acquisition of 13.5 million shares at a price of CAD 27.96 per share.
Caisse de dépôt et placement du Québec competed the acquisition of an additional 3.2% minority stake in Saputo Inc. (TSX:SAP) on September 30, 2024. Announcement • Sep 23
Saputo Inc.(TSX:SAP) dropped from FTSE All-World Index (USD) Saputo Inc.(TSX:SAP) dropped from FTSE All-World Index (USD) Announcement • Sep 11
Saputo Inc. Announces Senior Leadership Appointments Saputo Inc. announced several leadership appointments that will support Carl Colizza who assumed the role of President and CEO on August 9, 2024. These appointments are effective immediately. Frank Guido has been appointed to the role of COO, Saputo Inc. In his new position, he will be overseeing North America, Europe and International operations and will play a key role in the Company's continuous efforts to drive growth and operational results within the organization. All divisional President and COOs will report to Mr. Guido. With a 25-year track record in the consumer-packaged goods industry, he has held senior management positions in operations, supply chain, continuous improvement, and finance at several public companies. Mr. Guido most recently served as President and COO, Dairy Division (USA). He will continue to report to Mr. Colizza. Leanne Cutts assumes the newly created position of Chief Commercial Officer (CCO), Saputo Inc. Ms. Cutts will be responsible for driving commercial strategy, sales development in global markets and channels, and overseeing marketing, brand management, and market insights functions for all divisions. She joined Saputo in 2021 and since then has served as President and COO (International and Europe). Ms. Cutts has over 30 years of experience in branding, marketing, product development, and commercial activities for global companies in the food and beverage industry, finance, and consumer healthcare. Ms. Cutts will continue to report to Mr. Colizza. Dominick Bombino has been appointed to the role of President and COO, Dairy Division (USA). He has been with Saputo for more than 25 years and has held diverse roles of increasing responsibility in both operational and commercial leadership in the US and Canada. Most recently, Mr. Bombino served as Senior Vice President, Sales, Dairy Division (USA). Steve Douglas has been appointed to the role of President and COO, Dairy Division (UK). He has been with Saputo for more than 30 years and most recently served as Senior Vice President, Operations and Supply Chain, Dairy Division (USA), where he was responsible for all manufacturing, converting, and optimization efforts and has played an instrumental role in streamlining the Companys supply chain and improving efficiencies. Tom Atherton has announced his intention to leave Saputo to pursue other opportunities. He will remain with Saputo until the end of the calendar year to support Mr. Douglas during the transition. Mr. Atherton has been President and COO, Dairy Division (UK), since 2019 following the Companys acquisition of Dairy Crest Group plc, where he held various senior management positions since 2005. Saputo would like to thank Mr. Atherton for his contributions and wish him success in his future projects. Upcoming Dividend • Sep 03
Upcoming dividend of CA$0.19 per share Eligible shareholders must have bought the stock before 10 September 2024. Payment date: 20 September 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 2.6%. Lower than top quartile of Canadian dividend payers (6.0%). Lower than average of industry peers (3.1%). Major Estimate Revision • Aug 15
Consensus EPS estimates fall by 14%, revenue upgraded The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from CA$18.2b to CA$18.5b. EPS estimate fell from CA$1.78 to CA$1.53 per share. Net income forecast to grow 152% next year vs 31% growth forecast for Food industry in Canada. Consensus price target broadly unchanged at CA$33.65. Share price fell 4.5% to CA$30.14 over the past week. Declared Dividend • Aug 14
First quarter dividend of CA$0.18 announced Shareholders will receive a dividend of CA$0.18. Ex-date: 10th September 2024 Payment date: 20th September 2024 Dividend yield will be 2.5%, which is lower than the industry average of 2.9%. Sustainability & Growth Dividend is not covered by earnings (119% earnings payout ratio). However, it is covered by cash flows (61% cash payout ratio). The dividend has increased by an average of 5.1% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 32% to bring the payout ratio under control. EPS is expected to grow by 65% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Reported Earnings • Aug 09
First quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2025 results: EPS: CA$0.33. Revenue: CA$4.61b (up 9.5% from 1Q 2024). Net income: CA$142.0m (flat on 1Q 2024). Profit margin: 3.1% (down from 3.4% in 1Q 2024). Revenue exceeded analyst estimates by 4.5%. Earnings per share (EPS) missed analyst estimates by 7.0%. Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Food industry in Canada. Announcement • Aug 09
Saputo Inc. Declares Quarterly Dividend, Payable on September 20, 2024 The board of directors of Saputo Inc. reviewed the dividend policy and increased the quarterly dividend from $0.185 per share to $0.19 per share, representing a 2.7% increase. The quarterly dividend will be payable on September 20, 2024, to shareholders of record on September 10, 2024. Announcement • Jul 18
Saputo Inc. to Report Q1, 2025 Results on Aug 08, 2024 Saputo Inc. announced that they will report Q1, 2025 results at 4:00 PM, US Eastern Standard Time on Aug 08, 2024 Upcoming Dividend • Jun 14
Upcoming dividend of CA$0.18 per share Eligible shareholders must have bought the stock before 18 June 2024. Payment date: 26 June 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 2.5%. Lower than top quartile of Canadian dividend payers (6.4%). Lower than average of industry peers (3.1%).