Premier Foods plc (LON:PFD – Get Free Report) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 148.75 ($1.89) and traded as high as GBX 170 ($2.16). Premier Foods shares last traded at GBX 167 ($2.12), with a volume of 658,396 shares traded.
Wall Street Analysts Forecast Growth
Several analysts have recently commented on PFD shares. Shore Capital restated a “house stock” rating on shares of Premier Foods in a research report on Tuesday, May 14th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 210 ($2.67) price target on shares of Premier Foods in a research note on Tuesday, April 30th.
View Our Latest Stock Report on Premier Foods
Premier Foods Price Performance
Premier Foods Increases Dividend
The firm also recently declared a dividend, which will be paid on Friday, July 26th. Shareholders of record on Thursday, June 27th will be paid a GBX 1.73 ($0.02) dividend. This represents a yield of 1.02%. The ex-dividend date is Thursday, June 27th. This is a positive change from Premier Foods’s previous dividend of $1.44. Premier Foods’s dividend payout ratio is presently 1,538.46%.
Insiders Place Their Bets
In other Premier Foods news, insider Duncan Leggett sold 5,506 shares of the stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of GBX 163 ($2.07), for a total transaction of £8,974.78 ($11,403.79). 25.17% of the stock is currently owned by company insiders.
Premier Foods Company Profile
Premier Foods plc, together with its subsidiaries, manufactures and distributes branded and own label food products in the United Kingdom, other European countries, and internationally. The company operates through Grocery, Sweet Treats, and international segments. It offers a portfolio of product categories, including flavorings and seasonings under the Bisto, OXO, Paxo, and Saxa brands; cooking sauces and accompaniments under the Sharwood's, Loyd Grossman, Spice Tailor and Homepride brands; quick meals, snacks, and soups under the Batchelors and Smash brands; ambient desserts under the Ambrosia, Bird's, and Angel Delight brands; and ambient cakes under the Mr Kipling and Cadbury brands.
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