Hillshire Brands Co (HSH) Plans Quarterly Dividend of $0.18
Hillshire Brands (NYSE:HSH) declared a quarterly dividend on Wednesday, August 20th, Stock Ratings News reports. Stockholders of record on Wednesday, September 3rd will be given a dividend of 0.175 per share on Tuesday, October 7th. This represents a $0.70 dividend on an annualized basis and a yield of 1.11%.
Several analysts have recently commented on the stock. Analysts at Credit Suisse downgraded shares of Hillshire Brands from an “outperform” rating to a “neutral” rating in a research note on Tuesday, June 10th. On the ratings front, analysts at Wells Fargo & Co. downgraded shares of Hillshire Brands from an “outperform” rating to a “market perform” rating in a research note on Tuesday, June 10th. Finally, analysts at Sanford C. Bernstein downgraded shares of Hillshire Brands from an “outperform” rating to a “market perform” rating in a research note on Friday, May 30th. They now have a $6.10 price target on the stock. Nine investment analysts have rated the stock with a hold rating, The stock has an average rating of “Hold” and a consensus target price of $35.18.
Hillshire Brands (NYSE:HSH) traded up 0.02% on Wednesday, hitting $62.79. The stock had a trading volume of 1,176,373 shares. Hillshire Brands has a 1-year low of $30.35 and a 1-year high of $62.90. The stock has a 50-day moving average of $62.76 and a 200-day moving average of $47.13. The company has a market cap of $7.701 billion and a price-to-earnings ratio of 36.71.
Hillshire Brands (NYSE:HSH) last announced its earnings results on Wednesday, August 13th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.08. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $994.10 million. Analysts expect that Hillshire Brands will post $1.92 EPS for the current fiscal year.
The Hillshire Brands Company is a manufacturer and marketer of food products. The Company’s portfolio includes brands, such as Jimmy Dean, Ball Park, Hillshire Farm, State Fair, Sara Lee frozen bakery and Chef Pierre pies, as well as artisanal brands Aidells and Gallo Salame.
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