AGT FOOD & INGREDIENTS $31.83 - Toronto symbol AGT

AGT FOOD & INGREDIENTS $31.83 (Toronto symbol AGT; TSINetwork Rating: Extra Risk) (306-525- 4490; www.agtfoods.com; Shares outstanding: 23.1 million; Market cap: $737.8 million; Dividend yield: 1.9%) buys and processes a range of pulses, which include peas, beans, lentils and chickpeas, as well as other specialty crops. The Saskatchewan-based company owns processing plants in Canada, the U.S., Turkey, Australia, China and South Africa. In the three months ended September 30, 2015, AGT earned $0.51 a share, up 10.9% from $0.46 a year earlier. Revenue gained 26.1%, to $362.8 million from $287.7 million. The increases came from recent acquisitions and higher processing activity. AGT continues to benefit from its plan to focus on more-profitable products, such as ingredients and packaged foods, as opposed to simply cleaning, splitting and bagging bulk crops. Food makers use its ingredients in products such as baked goods, soups and beverages, as well as pet food. The stock trades at a low 13.4 times the $2.38 a share AGT will probably earn in 2016. It yields 1.9%. AGT Food & Ingredients is a buy.

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