Premier Foods (LON:PFD) Stock Crosses Above 200 Day Moving Average of $146.10

Premier Foods plc (LON:PFDGet Free Report)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 146.10 ($1.87) and traded as high as GBX 172 ($2.20). Premier Foods shares last traded at GBX 168.20 ($2.16), with a volume of 1,882,187 shares changing hands.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Shore Capital reaffirmed a “house stock” rating on shares of Premier Foods in a research report on Tuesday, May 14th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 210 ($2.69) target price on shares of Premier Foods in a research note on Tuesday, April 30th.

Check Out Our Latest Report on PFD

Premier Foods Stock Performance

The company has a market capitalization of £1.47 billion, a PE ratio of 1,293.85, a PEG ratio of 1.44 and a beta of 1.01. The company has a debt-to-equity ratio of 25.46, a quick ratio of 0.41 and a current ratio of 1.14. The company has a 50 day moving average price of GBX 160.06 and a 200 day moving average price of GBX 146.10.

Premier Foods Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, July 26th. Stockholders of record on Thursday, June 27th will be paid a dividend of GBX 1.73 ($0.02) per share. This is a boost from Premier Foods’s previous dividend of $1.44. This represents a dividend yield of 1.02%. The ex-dividend date is Thursday, June 27th. Premier Foods’s dividend payout ratio is 1,538.46%.

Insider Activity

In related news, insider Duncan Leggett sold 25,353 shares of the firm’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of GBX 154 ($1.97), for a total transaction of £39,043.62 ($50,023.86). In other Premier Foods news, insider Alex Whitehouse sold 13,107 shares of the firm’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of GBX 153 ($1.96), for a total value of £20,053.71 ($25,693.41). Also, insider Duncan Leggett sold 25,353 shares of the firm’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of GBX 154 ($1.97), for a total value of £39,043.62 ($50,023.86). Company insiders own 25.17% of the company’s stock.

Premier Foods Company Profile

(Get Free Report)

Premier Foods plc, together with its subsidiaries, manufactures and distributes branded and own label food products in the United Kingdom, other European countries, and internationally. The company operates through Grocery, Sweet Treats, and international segments. It offers a portfolio of product categories, including flavorings and seasonings under the Bisto, OXO, Paxo, and Saxa brands; cooking sauces and accompaniments under the Sharwood's, Loyd Grossman, Spice Tailor and Homepride brands; quick meals, snacks, and soups under the Batchelors and Smash brands; ambient desserts under the Ambrosia, Bird's, and Angel Delight brands; and ambient cakes under the Mr Kipling and Cadbury brands.

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