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

Associated British Foods plc (LON:ABF) insider Loraine Woodhouse bought 4,164 shares of Associated British Foods stock in a transaction on Wednesday, November 6th. The stock was acquired at an average cost of GBX 2,389 ($31.10) per share, with a total value of £99,477.96 ($129,494.87).

Associated British Foods Stock Down 1.4 %

ABF opened at GBX 2,264 ($29.47) on Friday. 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 market cap of £16.66 billion, a price-to-earnings ratio of 1,460.65, a PEG ratio of 1.51 and a beta of 1.24. Associated British Foods plc has a one year low of GBX 2,158.50 ($28.10) and a one year high of GBX 2,770.66 ($36.07). The business’s fifty day moving average is GBX 2,317.84 and its two-hundred day moving average is GBX 2,466.68.

Associated British Foods Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on ABF shares. Deutsche Bank Aktiengesellschaft downgraded shares of Associated British Foods to a “sell” rating and cut their price target for the company from GBX 2,290 ($29.81) to GBX 2,190 ($28.51) in a report on Tuesday, August 27th. Shore Capital reaffirmed a “buy” rating on shares of Associated British Foods in a report on Tuesday, September 3rd.

Associated British Foods Company Profile

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.