Associated British Foods (LON:ABF) Reaches New 1-Year Low – Should You Sell?

Shares of Associated British Foods plc (LON:ABF) reached a new 52-week low during trading on Monday . The stock traded as low as GBX 1,914.50 ($23.37) and last traded at GBX 1,926.50 ($23.52), with a volume of 3573375 shares traded. The stock had previously closed at GBX 1,955.10 ($23.87).

Associated British Foods Stock Performance

The company has a debt-to-equity ratio of 33.71, a current ratio of 1.79 and a quick ratio of 0.93. The firm has a market capitalization of £14.43 billion, a price-to-earnings ratio of 1,264.84, a PEG ratio of 1.51 and a beta of 1.24. The firm’s fifty day moving average is GBX 2,141.30 and its 200 day moving average is GBX 2,310.17.

Associated British Foods Increases Dividend

The business also recently declared a dividend, which was paid on Friday, January 10th. Investors of record on Thursday, December 12th were issued a dividend of GBX 69.30 ($0.85) per share. This is a boost from Associated British Foods’s previous dividend of $20.70. This represents a dividend yield of 3.03%. The ex-dividend date of this dividend was Thursday, December 12th. Associated British Foods’s dividend payout ratio (DPR) is currently 3,483.87%.

Insider Buying and Selling

In other news, insider George G. Weston sold 56,653 shares of Associated British Foods stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of GBX 2,161 ($26.38), for a total value of £1,224,271.33 ($1,494,654.29). Also, insider Loraine Woodhouse purchased 4,164 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was purchased at an average cost of GBX 2,389 ($29.17) per share, for a total transaction of £99,477.96 ($121,447.88). 58.08% of the stock is currently owned by corporate 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.