Associated British Foods (LON:ABF) Sets New 52-Week Low – What’s Next?

Associated British Foods plc (LON:ABF)’s share price reached a new 52-week low on Thursday . The stock traded as low as GBX 1,894 ($23.32) and last traded at GBX 1,916 ($23.59), with a volume of 12787260 shares changing hands. The stock had previously closed at GBX 1,937 ($23.85).

Associated British Foods Price Performance

The business’s fifty day moving average price is GBX 2,110.39 and its 200-day moving average price is GBX 2,292.02. The company has a market capitalization of £14.02 billion, a P/E ratio of 1,229.03, a P/E/G ratio of 1.51 and a beta of 1.24. The company has a current ratio of 1.79, a quick ratio of 0.93 and a debt-to-equity ratio of 33.71.

Associated British Foods (LON:ABF) last issued its quarterly earnings results on Tuesday, November 5th. The company reported GBX 196.90 ($2.42) earnings per share (EPS) for the quarter. Associated British Foods had a return on equity of 10.69% and a net margin of 5.92%. As a group, sell-side analysts predict that Associated British Foods plc will post 188.0990415 earnings per share for the current fiscal year.

Associated British Foods Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, January 10th. Stockholders of record on Thursday, December 12th were paid a GBX 69.30 ($0.85) dividend. This is a boost from Associated British Foods’s previous dividend of $20.70. The ex-dividend date of this dividend was Thursday, December 12th. This represents a dividend yield of 3.03%. Associated British Foods’s dividend payout ratio is 3,483.87%.

Insider Buying and Selling at Associated British Foods

In related news, insider George G. Weston sold 56,653 shares of the company’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of GBX 2,161 ($26.60), for a total transaction of £1,224,271.33 ($1,507,166.48). Also, insider Loraine Woodhouse purchased 4,164 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was purchased at an average cost of GBX 2,389 ($29.41) per share, for a total transaction of £99,477.96 ($122,464.56). Company insiders own 58.08% of the company’s stock.

About Associated British Foods

Associated British Foods is a diversified international food, ingredients and retail group with sales of £13.9bn, 128,000 employees and operations in 53 countries across Europe, Africa, the Americas, Asia and Australia.

Our purpose is to provide safe, nutritious, affordable food, and clothing that is great value for money.