Associated British Foods (LON:ABF) Reaches New 1-Year Low – What’s Next?

Associated British Foods plc (LON:ABF)’s share price reached a new 52-week low on Monday . The stock traded as low as GBX 2,024 ($25.25) and last traded at GBX 2,025 ($25.26), with a volume of 984280 shares traded. The stock had previously closed at GBX 2,037 ($25.41).

Associated British Foods Price Performance

The firm’s 50-day moving average is GBX 2,174.42 and its 200-day moving average is GBX 2,328.35. The company has a market capitalization of £14.69 billion, a PE ratio of 1,288.39, a price-to-earnings-growth ratio of 1.51 and a beta of 1.24. The company has a quick ratio of 0.93, a current ratio of 1.79 and a debt-to-equity ratio of 33.71.

Associated British Foods Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, January 10th. Investors of record on Thursday, December 12th will be given a GBX 69.30 ($0.86) dividend. The ex-dividend date is Thursday, December 12th. This is a positive change from Associated British Foods’s previous dividend of $20.70. This represents a yield of 3.03%. Associated British Foods’s payout ratio is 3,483.87%.

Insider Buying and Selling

In other Associated British Foods news, insider Loraine Woodhouse purchased 4,164 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was acquired at an average cost of GBX 2,389 ($29.80) per share, for a total transaction of £99,477.96 ($124,099.25). Also, insider George G. Weston sold 56,653 shares of the stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of GBX 2,161 ($26.96), for a total transaction of £1,224,271.33 ($1,527,284.59). 58.08% of the stock is owned by company insiders.

Associated British Foods Company Profile

Associated British Foods is a diversified international food, ingredients and retail group with sales of £13.9bn, 128,000 employees and operations in 53 countries across Europe, Africa, the Americas, Asia and Australia.

Our purpose is to provide safe, nutritious, affordable food, and clothing that is great value for money.