Premier Foods (LON:PFD) Sets New 12-Month High at $177.05

Premier Foods plc (LON:PFD) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 177.05 ($2.25) and last traded at GBX 172 ($2.19), with a volume of 2238695 shares changing hands. The stock had previously closed at GBX 176.20 ($2.24).

Analyst Upgrades and Downgrades

PFD has been the topic of several recent research reports. Shore Capital reissued a “house stock” rating on shares of Premier Foods in a research note on Tuesday, May 14th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 210 ($2.67) price objective on shares of Premier Foods in a research note on Tuesday, April 30th.

Premier Foods Stock Performance

The company has a current ratio of 1.02, a quick ratio of 0.41 and a debt-to-equity ratio of 25.73. The firm has a market capitalization of £1.51 billion, a price-to-earnings ratio of 1,569.09, a PEG ratio of 1.44 and a beta of 1.01. The stock’s 50 day moving average price is GBX 155.82 and its two-hundred day moving average price is GBX 143.07.

Premier Foods Increases Dividend

The business also recently declared 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. The ex-dividend date is Thursday, June 27th. This is a boost from Premier Foods’s previous dividend of $1.44. This represents a dividend yield of 1.02%. Premier Foods’s dividend payout ratio is 909.09%.

Insider Transactions at Premier Foods

In related news, insider Alex Whitehouse sold 13,107 shares of the business’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of GBX 153 ($1.94), for a total value of £20,053.71 ($25,487.68). In related news, insider Colin R. Day acquired 50,000 shares of the business’s stock in a transaction dated Wednesday, March 6th. The shares were acquired at an average cost of GBX 154 ($1.96) per share, for a total transaction of £77,000 ($97,864.77). Also, insider Alex Whitehouse sold 13,107 shares of the stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of GBX 153 ($1.94), for a total transaction of £20,053.71 ($25,487.68). Corporate insiders own 25.19% of the company’s stock.

Premier Foods Company Profile

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.