01:39:01 EDT Thu 25 Apr 2024
Enter Symbol
or Name
USA
CA



AGT Food and Ingredients Inc
Symbol AGT
Shares Issued 23,070,354
Close 2015-05-22 C$ 28.90
Market Cap C$ 666,733,231
Recent Sedar Documents

Stock Pickers says buy AGT Food and Ingredients

2015-05-22 20:29 ET - In the News

Stock Pickers Digest, in its May, 2015, issue, says buy AGT Food and Ingredients Inc., recently $28.09. The newsletter has not previously recommended the stock. AGT buys and processes a range of pulses (grain legumes), including peas, beans, lentils and chickpeas, as well as other specialty crops. The Saskatchewan-based company owns 13 processing plants in Canada, nine in Turkey, four in Australia, two in the United States, one in China and one in South Africa. The company has grown over recent years, and now sells products such as ingredients and packaged foods in addition to processing bulk crops. Pulse crop demand continues to be on the rise for a couple of reasons. Consumers are looking for healthier alternatives to meat, and ethnic foods such as hummus (which is made from chickpeas) are becoming increasingly popular. AGT has signed marketing and distribution deals with leading global food companies, Cargill and Ingredion, over the last two years. The stock currently trades at 13.6 times the $2.06 a share the company is expected to earn in 2015. The company's 60-cent annual dividend is now a 2.1-per-cent yield. AGT is now a buy.

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