Premier Foods plc (LON:PFD – Get Free Report)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 150.17 ($1.90) and traded as high as GBX 162 ($2.06). Premier Foods shares last traded at GBX 158.80 ($2.01), with a volume of 784,013 shares changing hands.
Analysts Set New Price Targets
PFD has been the subject of a number of research analyst reports. Shore Capital reiterated 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 set a GBX 210 ($2.66) price objective on shares of Premier Foods in a research report on Tuesday, April 30th.
Check Out Our Latest Stock Report on Premier Foods
Premier Foods Stock Performance
Premier Foods Increases Dividend
The firm also recently disclosed a dividend, which will be paid on Friday, July 26th. Shareholders of record on Thursday, June 27th will be issued a GBX 1.73 ($0.02) dividend. This is a positive change from Premier Foods’s previous dividend of $1.44. This represents a yield of 1.02%. The ex-dividend date is Thursday, June 27th. Premier Foods’s dividend payout ratio (DPR) is presently 1,538.46%.
Insider Transactions at Premier Foods
In related news, insider Duncan Leggett sold 5,506 shares of Premier Foods stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of GBX 163 ($2.07), for a total transaction of £8,974.78 ($11,384.98). Corporate insiders own 25.17% of the company’s stock.
About Premier Foods
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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