Associated British Foods plc (LON:ABF) Insider Kumsal Bayazit Acquires 2,930 Shares

Associated British Foods plc (LON:ABF) insider Kumsal Bayazit purchased 2,930 shares of the firm’s stock in a transaction on Monday, May 20th. The shares were acquired 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 Price Performance

LON:ABF opened at GBX 2,688 ($34.16) on Thursday. Associated British Foods plc has a 52 week low of GBX 1,804.50 ($22.93) and a 52 week 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 stock has a market cap of £20.19 billion, a PE ratio of 1,734.19, a P/E/G ratio of 1.39 and a beta of 1.23. The business’s 50-day simple moving average is GBX 2,539.26 and its two-hundred day simple moving average is GBX 2,400.10.

Associated British Foods Cuts Dividend

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

Analyst Upgrades and Downgrades

ABF has been the subject of a number of analyst reports. Shore Capital reiterated a “buy” rating on shares of Associated British Foods in a 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 company 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.