Stocks to Watch: Saputo Inc. (TSX:SAP) Up +2.06% Friday

At close of market on Friday, Saputo Inc. (TSX:SAP) stock finished trading at +2.06%, bringing the stock price to $41.63 on the Toronto Stock Exchange. The stock price saw a low of $41.22 and a high of $41.77.

The company’s stock was traded 3,008 times with a total of 471,958 shares traded.

Saputo Inc. has a market cap of $16.2 billion, with 389.11 million shares in issue.

Saputo is a dairy processor and cheese producer that operates in Canada, the United States, Argentina, and Australia and sells products in more than 40 countries. It is the largest cheese manufacturer in Canada (35% of revenue) and one of the top three cheese producers in the United States (53% of revenue). The company’s brands include Saputo, Armstrong, Frigo, and Stella. Roughly half of Saputo’s sales are to retail customers, but the firm also sells its products to food service (39% of sales) and industrial (12% of sales) clients.

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