Associated British Foods plc (LON:ABF) Insider Loraine Woodhouse Purchases 4,164 Shares of Stock

Associated British Foods plc (LON:ABF) insider Loraine Woodhouse purchased 4,164 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were acquired at an average price of GBX 2,389 ($31.10) per share, for a total transaction of £99,477.96 ($129,494.87).

Associated British Foods Trading Down 0.4 %

Shares of ABF stock opened at GBX 2,310.41 ($30.08) on Friday. Associated British Foods plc has a 52-week low of GBX 2,158.50 ($28.10) and a 52-week high of GBX 2,770.66 ($36.07). The company has a debt-to-equity ratio of 33.71, a quick ratio of 0.93 and a current ratio of 1.79. The company has a 50-day simple moving average of GBX 2,326.91 and a two-hundred day simple moving average of GBX 2,468.09. The company has a market capitalization of £17.00 billion, a price-to-earnings ratio of 1,490.59, a PEG ratio of 1.51 and a beta of 1.24.

Associated British Foods Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, January 10th. Shareholders of record on Thursday, December 12th will be paid a GBX 69.30 ($0.90) dividend. This represents a yield of 3.03%. This is a boost from Associated British Foods’s previous dividend of $20.70. The ex-dividend date of this dividend is Thursday, December 12th. Associated British Foods’s payout ratio is presently 3,483.87%.

Analysts Set New Price Targets

Several research firms recently issued reports on ABF. Deutsche Bank Aktiengesellschaft lowered shares of Associated British Foods to a “sell” rating and dropped their target price for the company from GBX 2,290 ($29.81) to GBX 2,190 ($28.51) in a report on Tuesday, August 27th. Shore Capital restated a “buy” rating on shares of Associated British Foods in a report on Tuesday, September 3rd.

About Associated British Foods

Associated British Foods plc operates as a diversified food, ingredients, and retail company worldwide. It operates through five segments: Grocery, Ingredients, Agriculture, Sugar, and Retail. The Grocery segment manufactures and sells grocery products, including hot beverages, sugar and sweeteners, vegetable oils, balsamic vinegars, bread and baked goods, cereals, ethnic foods, and meat products to retail, wholesale, and foodservice businesses.