Insider Buying: Associated British Foods plc (LON:ABF) Insider Purchases 2,930 Shares of Stock

Associated British Foods plc (LON:ABF) insider Kumsal Bayazit acquired 2,930 shares of the stock in a transaction dated Monday, May 20th. The shares were bought at an average cost of GBX 2,728 ($34.67) per share, for a total transaction of £79,930.40 ($101,589.22).

Associated British Foods Stock Performance

Shares of LON ABF opened at GBX 2,683 ($34.10) on Wednesday. Associated British Foods plc has a 12 month low of GBX 1,804.50 ($22.93) and a 12 month high of GBX 2,765 ($35.14). The company has a quick ratio of 0.93, a current ratio of 1.79 and a debt-to-equity ratio of 33.71. The company has a market cap of £20.16 billion, a P/E ratio of 1,745.16, a P/E/G ratio of 1.39 and a beta of 1.23. The business’s 50 day moving average is GBX 2,531.70 and its two-hundred day moving average is GBX 2,398.07.

Associated British Foods Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, July 5th. Shareholders of record on Thursday, May 30th will be issued a GBX 20.70 ($0.26) dividend. This represents a yield of 0.83%. The ex-dividend date is Thursday, May 30th. Associated British Foods’s dividend payout ratio (DPR) is presently 3,483.87%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Shore Capital reissued a “buy” rating on shares of Associated British Foods in a research report on Thursday, April 18th. JPMorgan Chase & Co. lifted their target price on shares of Associated British Foods from GBX 2,000 ($25.42) to GBX 2,250 ($28.60) and gave the stock a “neutral” rating in a report on Tuesday, April 30th.

About Associated British Foods

Associated British Foods plc operates as a diversified food, ingredients, and retail company worldwide. It operates through five segments: Grocery, Ingredients, Agriculture, Sugar, and Retail. The Grocery segment manufactures and sells grocery products, including hot beverages, sugar and sweeteners, vegetable oils, balsamic vinegars, bread and baked goods, cereals, ethnic foods, and meat products to retail, wholesale, and foodservice businesses.