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OTCMKTS:ASBFY

Associated British Foods (ASBFY) Stock Price, News & Analysis

$32.69
+0.64 (+2.00%)
(As of 07/26/2024 ET)
Today's Range
$32.34
$32.72
50-Day Range
$30.79
$34.90
52-Week Range
$23.41
$35.26
Volume
3,379 shs
Average Volume
10,840 shs
Market Capitalization
$24.40 billion
P/E Ratio
N/A
Dividend Yield
1.32%
Price Target
N/A
ASBFY stock logo

About Associated British Foods Stock (OTCMKTS:ASBFY)

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. The Ingredients segment manufactures bakers' yeast, bakery ingredients, enzymes, lipids, yeast extracts, and cereal specialties. The Agriculture segment manufactures and sells animal feeds; and provides other products and services for the agriculture sector. The Sugar segment is involved in growing, processing, and selling sugar beet and sugar cane to industrial users. The Retail segment is involved in buying and merchandising clothing and accessories through the Primark and Penneys retail chains, which offer women's, men's, and kids wear, as well as beauty, homeware, and accessories. The company was incorporated in 1934 and is headquartered in London, the United Kingdom. Associated British Foods plc operates as a subsidiary of Wittington Investments Limited.

ASBFY Stock Price History

ASBFY Stock News Headlines

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Company Calendar

Ex-Dividend for 7/19 Dividend
5/31/2024
Dividend Payable
7/19/2024
Today
7/27/2024
Fiscal Year End
9/30/2024

Industry, Sector and Symbol

Industry
Private households
Sub-Industry
Personal Services
Current Symbol
OTCMKTS:ASBFY
CIK
N/A
Employees
133,000
Year Founded
1935

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
$25.01 billion
Cash Flow
$3.26 per share
Book Value
$17.87 per share

Miscellaneous

Free Float
N/A
Market Cap
$24.40 billion
Optionable
Not Optionable
Beta
1.37

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Key Executives

  • Mr. George Garfield Weston (Age 60)
    CEO & Executive Director
    Comp: $2.93M
  • Mr. Eoin P. Tonge B Eng (Age 52)
    B.E., Finance Director & Director
    Comp: $4.87M
  • Ms. Sue Whalley (Age 60)
    Chief People & Performance Officer
  • Mr. Paul A. Lister L.L.B. (Age 60)
    Company Secretary
  • Mr. Paul Marchant
    Chief Executive Officer of Primark/Penneys
  • Ms. Lynne Walker
    Director of Primark Cares
  • Ms. Katharine Stewart
    Ethical Trade & Environmental Sustainability Director

Should I Buy Associated British Foods Stock? ASBFY Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Associated British Foods plc:

  • The stock price of Associated British Foods plc has shown a positive trend, reaching $32.03 on the record date of 06/15/2024.
  • Recent data indicates a significant increase in Shares Shorted, which could suggest growing interest from investors.
  • Month-to-month change percentage in Shares Shorted has been positive, indicating potential market confidence in the company.
  • Low Days to Cover ratio of 0.9 suggests that any positive news or developments could lead to quick price movements.
  • Despite a challenging market environment, the company has maintained a stable performance with no outstanding shares.

Cons

Investors should be bearish about investing in Associated British Foods plc for these reasons:

  • The Float Size of the company is reported as 0, which may indicate limited liquidity and potential volatility in the stock.
  • Short Percentage of Float is 0, suggesting a lack of short interest which could impact price discovery and market sentiment.
  • With Institutional Ownership Percentage at 0, there might be a lack of institutional support and confidence in the company's long-term prospects.
  • The company's Fifty-Two Week Performance is reported as 0, indicating a flat performance over the past year.
  • Average Daily Volume of 14,700 shares may lead to lower liquidity and wider bid-ask spreads, potentially impacting trading efficiency.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Monday, July 1, 2024. Please send any questions or comments about these Associated British Foods pros and cons to contact@marketbeat.com.

ASBFY Stock Analysis - Frequently Asked Questions

How have ASBFY shares performed this year?

Associated British Foods' stock was trading at $30.2950 at the beginning of the year. Since then, ASBFY stock has increased by 7.9% and is now trading at $32.6910.
View the best growth stocks for 2024 here
.

How do I buy shares of Associated British Foods?

Shares of ASBFY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (OTCMKTS:ASBFY) was last updated on 7/27/2024 by MarketBeat.com Staff

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