Hilton Food Group (LON:HFG) Sets New 52-Week Low - Here's What Happened

Hilton Food Group plc (LON:HFG - Get Free Report) shares reached a new 52-week low during trading on Thursday . The stock traded as low as GBX 589.55 ($8.03) and last traded at GBX 860 ($11.71), with a volume of 56831 shares changing hands. The stock had previously closed at GBX 861 ($11.72).

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Shore Capital reissued a "house stock" rating on shares of Hilton Food Group in a research note on Tuesday, May 20th. Berenberg Bank boosted their price objective on shares of Hilton Food Group from GBX 1,090 ($14.84) to GBX 1,120 ($15.25) and gave the company a "buy" rating in a research note on Wednesday, April 9th.

Hilton Food Group Price Performance

The stock has a fifty day simple moving average of GBX 878.31 and a two-hundred day simple moving average of GBX 876.20. The company has a market cap of £769.91 million, a PE ratio of 16.55, a price-to-earnings-growth ratio of 17.31 and a beta of 0.57. The company has a current ratio of 1.11, a quick ratio of 0.88 and a debt-to-equity ratio of 148.82.

Hilton Food Group (LON:HFG - Get Free Report) last posted its quarterly earnings results on Tuesday, April 8th. The company reported GBX 61 ($0.83) earnings per share (EPS) for the quarter. Hilton Food Group had a net margin of 1.22% and a return on equity of 15.15%. On average, equities analysts predict that Hilton Food Group plc will post 62.3340321 EPS for the current fiscal year.

Hilton Food Group Increases Dividend

The company also recently declared a dividend, which was paid on Thursday, April 24th. Stockholders of record on Thursday, April 17th were paid a dividend of GBX 24.90 ($0.34) per share. This represents a dividend yield of 2.97%. The ex-dividend date was Thursday, April 17th. This is an increase from Hilton Food Group's previous dividend of $9.60. Hilton Food Group's payout ratio is 63.52%.

Insider Buying and Selling

In related news, insider Matt Osborne acquired 3,994 shares of Hilton Food Group stock in a transaction dated Wednesday, April 23rd. The shares were acquired at an average cost of GBX 892 ($12.14) per share, for a total transaction of £35,626.48 ($48,504.40). Also, insider Mark Allen acquired 5,950 shares of the firm's stock in a transaction that occurred on Tuesday, April 8th. The shares were bought at an average cost of GBX 835 ($11.37) per share, for a total transaction of £49,682.50 ($67,641.25). Insiders own 14.33% of the company's stock.

Hilton Food Group Company Profile

Hilton Food Group plc is a leading international food and supply chain services partner. We partner with leading retailers, brands and food service partners across the world. We offer a unique multi-category proposition of outstanding protein products including meat, seafood, vegan and vegetarian, and easier meals.