Hilton Food Group plc (LON:HFG) Insider Robert Watson Sells 100,000 Shares

Hilton Food Group plc (LON:HFG – Get Rating) insider Robert Watson sold 100,000 shares of Hilton Food Group stock in a transaction that occurred on Monday, April 25th. The shares were sold at an average price of GBX 1,199 ($15.28), for a total value of £1,199,000 ($1,528,167.22).

Robert Watson also recently made the following trade(s):

• On Thursday, April 21st, Robert Watson sold 100,000 shares of Hilton Food Group stock. The stock was sold at an average price of GBX 1,200 ($15.29), for a total value of £1,200,000 ($1,529,441.75).
• On Friday, January 28th, Robert Watson sold 50,000 shares of Hilton Food Group stock. The stock was sold at an average price of GBX 1,008 ($12.85), for a total value of £504,000 ($642,365.54).

Shares of HFG traded down GBX 8 ($0.10) during trading hours on Tuesday, reaching GBX 1,200 ($15.29). 120,273 shares of the company traded hands, compared to its average volume of 93,221. The stock’s fifty day moving average is GBX 1,137.54 and its 200 day moving average is GBX 1,134.31. The stock has a market cap of £1.07 billion and a P/E ratio of 26.78. The company has a debt-to-equity ratio of 214.60, a quick ratio of 0.85 and a current ratio of 1.14. Hilton Food Group plc has a 1-year low of GBX 988 ($12.59) and a 1-year high of GBX 1,290 ($16.44).

The business also recently disclosed a dividend, which will be paid on Friday, July 1st. Stockholders of record on Wednesday, June 1st will be given a dividend of GBX 21.50 ($0.27) per share. The ex-dividend date of this dividend is Wednesday, June 1st. This represents a dividend yield of 1.76%. This is a positive change from Hilton Food Group’s previous dividend of $8.20. Hilton Food Group’s dividend payout ratio is currently 0.50%.

Several research analysts have issued reports on HFG shares. Berenberg Bank upped their price target on Hilton Food Group from GBX 1,050 ($13.38) to GBX 1,200 ($15.29) and gave the company a “hold” rating in a report on Wednesday, January 5th. Royal Bank of Canada reissued an “outperform” rating and set a GBX 1,400 ($17.84) target price on shares of Hilton Food Group in a research note on Friday, April 1st. Peel Hunt reissued a “buy” rating and set a GBX 1,380 ($17.59) target price on shares of Hilton Food Group in a research note on Tuesday, April 12th. Finally, Shore Capital reissued a “house stock” rating on shares of Hilton Food Group in a research note on Thursday, March 31st. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of GBX 1,357.50 ($17.30).

About Hilton Food Group (Get Rating)

Hilton Food Group plc, together with its subsidiaries, engages in the food packing business. The company offers a range of fresh items, such as roasting joints, steaks, chops, and minces. It also provides value-added products comprising barbecue ranges, marinated meats, meat cuts, serving sauces, and ready to cook products.

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