Hilton Food Group (LON:HFG) Share Price Crosses Above 200-Day Moving Average – Here’s What Happened

Hilton Food Group plc (LON:HFG) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 884.13 ($11.75) and traded as high as GBX 903 ($12.00). Hilton Food Group shares last traded at GBX 900 ($11.96), with a volume of 99,992 shares.

Analysts Set New Price Targets

HFG has been the subject of a number of research analyst reports. Berenberg Bank upped their target price on Hilton Food Group from GBX 1,090 ($14.49) to GBX 1,120 ($14.89) and gave the company a “buy” rating in a research report on Wednesday, April 9th. Shore Capital reissued a “house stock” rating on shares of Hilton Food Group in a report on Tuesday, April 8th.

Hilton Food Group Stock Up 1.5 %

The firm’s fifty day moving average is GBX 854.43 and its 200-day moving average is GBX 884.04. The stock has a market capitalization of £805.67 million, a PE ratio of 17.32, a PEG ratio of 17.31 and a beta of 0.57. The company has a quick ratio of 0.88, a current ratio of 1.11 and a debt-to-equity ratio of 148.82.

Hilton Food Group (LON:HFG) last announced its quarterly earnings data on Tuesday, April 8th. The company reported GBX 61 ($0.81) earnings per share (EPS) for the quarter. Hilton Food Group had a return on equity of 15.15% and a net margin of 1.22%. On average, equities research analysts predict that Hilton Food Group plc will post 62.3340321 earnings per share for the current year.

Hilton Food Group Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, April 24th. Shareholders of record on Thursday, April 17th were given a GBX 24.90 ($0.33) dividend. This represents a yield of 2.97%. This is an increase from Hilton Food Group’s previous dividend of $9.60. The ex-dividend date of this dividend was Thursday, April 17th. Hilton Food Group’s dividend payout ratio is 63.52%.

Insider Buying and Selling

In other news, insider Mark Allen acquired 5,950 shares of the business’s stock in a transaction that occurred on Tuesday, April 8th. The stock was acquired at an average cost of GBX 835 ($11.10) per share, for a total transaction of £49,682.50 ($66,040.81). Also, insider Matt Osborne purchased 3,994 shares of the business’s stock in a transaction dated Wednesday, April 23rd. The shares were purchased at an average cost of GBX 892 ($11.86) per share, with a total value of £35,626.48 ($47,356.75). 14.33% of the stock is currently owned by insiders.

Hilton Food Group Company Profile

Hilton Food Group plc is a leading international food and supply chain services partner. We partner with leading retailers, brands and food service partners across the world.

We offer a unique multi-category proposition of outstanding protein products including meat, seafood, vegan and vegetarian, and easier meals.