Associated British Foods (LON:ABF) Hits New 1-Year Low – Here’s What Happened

Associated British Foods plc (LON:ABF) reached a new 52-week low during mid-day trading on Monday . The stock traded as low as GBX 2,024 ($25.15) and last traded at GBX 2,025 ($25.16), with a volume of 984280 shares. The stock had previously closed at GBX 2,037 ($25.31).

Associated British Foods Trading Down 0.6 %

The firm has a market capitalization of £14.90 billion, a P/E ratio of 1,306.45, 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. The company’s fifty day moving average is GBX 2,185.66 and its 200-day moving average is GBX 2,335.

Associated British Foods Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, January 10th. Stockholders of record on Thursday, December 12th will be given a GBX 69.30 ($0.86) dividend. This is an increase from Associated British Foods’s previous dividend of $20.70. This represents a dividend yield of 3.03%. The ex-dividend date of this dividend is Thursday, December 12th. Associated British Foods’s dividend payout ratio (DPR) is currently 3,483.87%.

Insider Buying and Selling

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 ($26.85), for a total transaction of £1,224,271.33 ($1,521,400.93). Also, insider Loraine Woodhouse purchased 4,164 shares of Associated British Foods stock in a transaction on Wednesday, November 6th. The stock was bought at an average cost of GBX 2,389 ($29.69) per share, with a total value of £99,477.96 ($123,621.18). 58.08% of the stock is owned by insiders.

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.