Insider Selling: Associated British Foods plc (LON:ABF) Insider Sells £1,224,271.33 in Stock

Associated British Foods plc (LON:ABF) insider George G. Weston sold 56,653 shares of the company’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of GBX 2,161 ($27.09), for a total transaction of £1,224,271.33 ($1,534,751.57).

Associated British Foods Price Performance

Shares of Associated British Foods stock opened at GBX 2,197 ($27.54) on Friday. The stock has a market cap of £16.17 billion, a P/E ratio of 1,417.42, a P/E/G ratio of 1.51 and a beta of 1.24. 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 stock’s fifty day moving average is GBX 2,274.84 and its 200 day moving average is GBX 2,444.85. Associated British Foods plc has a one year low of GBX 2,130 ($26.70) and a one year high of GBX 2,770.66 ($34.73).

Associated British Foods Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, January 10th. Stockholders of record on Thursday, December 12th will be paid a GBX 69.30 ($0.87) dividend. The ex-dividend date is Thursday, December 12th. This represents a dividend yield of 3.03%. This is an increase from Associated British Foods’s previous dividend of $20.70. Associated British Foods’s dividend payout ratio (DPR) is 3,483.87%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Shore Capital restated a “buy” rating on shares of Associated British Foods in a research note on Tuesday, September 3rd. Deutsche Bank Aktiengesellschaft downgraded shares of Associated British Foods to a “sell” rating and dropped their price objective for the stock from GBX 2,290 ($28.71) to GBX 2,190 ($27.45) in a report on Tuesday, August 27th.

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.