Premier Foods (LON:PFD) Share Price Passes Above 200 Day Moving Average of $154.55

Premier Foods plc (LON:PFD)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 154.55 ($2.00) and traded as high as GBX 171.40 ($2.22). Premier Foods shares last traded at GBX 171 ($2.21), with a volume of 1,076,962 shares changing hands.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on PFD. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 210 ($2.72) price target on shares of Premier Foods in a report on Tuesday, April 30th. Shore Capital restated a “house stock” rating on shares of Premier Foods in a research report on Thursday, July 18th.

Premier Foods Stock Performance

The company has a debt-to-equity ratio of 25.46, a current ratio of 1.14 and a quick ratio of 0.41. The company has a market capitalization of £1.52 billion, a P/E ratio of 1,347.69, a P/E/G ratio of 1.44 and a beta of 1.01. The stock’s 50 day simple moving average is GBX 167.88 and its two-hundred day simple moving average is GBX 154.82.

Premier Foods Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, July 26th. Investors of record on Thursday, June 27th were issued a dividend of GBX 1.73 ($0.02) per share. The ex-dividend date was Thursday, June 27th. This represents a yield of 1.02%. This is a boost from Premier Foods’s previous dividend of $1.44. Premier Foods’s payout ratio is currently 1,538.46%.

Insider Activity

In other news, insider Duncan Leggett sold 5,506 shares of the company’s stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of GBX 163 ($2.11), for a total value of £8,974.78 ($11,607.32). Corporate insiders own 25.17% of the company’s stock.

About Premier Foods

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.