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OTCMKTS:ASBFY

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

$28.82
-0.41 (-1.40%)
(As of 02/28/2024 ET)
Today's Range
$28.80
$29.13
50-Day Range
$28.03
$30.58
52-Week Range
$22.38
$30.98
Volume
2,035 shs
Average Volume
7,281 shs
Market Capitalization
$21.78 billion
P/E Ratio
N/A
Dividend Yield
3.71%
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

Where Primark is opening its five new UK stores
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Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
Associated British Foods PLC
Primark festive sales rise after warm autumn weather hit
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See More Headlines
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Company Calendar

Ex-Dividend for 1/29 Dividend
12/14/2023
Dividend Payable
1/29/2024
Today
2/29/2024
Fiscal Year End
9/30/2024

Industry, Sector and Symbol

Industry
Packaged Foods
Sub-Industry
N/A
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
$3.21 per share
Book Value
$17.87 per share

Miscellaneous

Free Float
N/A
Market Cap
$21.78 billion
Optionable
Not Optionable
Beta
1.40

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Key Executives

  • Mr. George Garfield Weston (Age 60)
    CEO & Executive Director
    Comp: $2.92M
  • Mr. Eoin P. Tonge B Eng (Age 52)
    B.E., Finance Director & Director
    Comp: $4.86M
  • Ms. Sue Whalley
    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

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Associated British Foods was last updated on Tuesday, February 27, 2024 at 4:02 PM.

Pros

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

  • Associated British Foods plc operates as a diversified food, ingredients, and retail company worldwide, providing investors with exposure to multiple sectors within the industry.
  • The company's Grocery segment manufactures and sells a wide range of grocery products, catering to retail, wholesale, and foodservice businesses, showcasing a diverse revenue stream.
  • Recent developments indicate a positive outlook for the company, making it an attractive investment opportunity.
  • With a strong presence in the agriculture sector, the company's Agriculture segment offers stability and potential growth opportunities for investors.
  • Considering the current stock price and market trends, investing in Associated British Foods plc could yield favorable returns in the long term.

Cons

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

  • Despite its diversified operations, the company may face challenges in managing various segments effectively, leading to potential operational risks.
  • Fluctuations in commodity prices, especially in the sugar segment, could impact the company's profitability and financial performance.
  • Market competition within the food and retail industry may pose a threat to Associated British Foods plc's market share and margins.
  • External factors such as regulatory changes or economic uncertainties could affect the company's business operations and financial results.
  • Investors should carefully assess the overall market conditions and industry dynamics before making investment decisions related to Associated British Foods plc.














ASBFY Stock Analysis - Frequently Asked Questions

Should I buy or sell Associated British Foods stock right now?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Associated British Foods in the last twelve months. There are currently 3 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" ASBFY shares.
View ASBFY analyst ratings
or view top-rated stocks.

How have ASBFY shares performed in 2024?

Associated British Foods' stock was trading at $30.2950 at the beginning of the year. Since then, ASBFY shares have decreased by 4.9% and is now trading at $28.82.
View the best growth stocks for 2024 here
.

Are investors shorting Associated British Foods?

Associated British Foods saw a drop in short interest during the month of February. As of February 15th, there was short interest totaling 200 shares, a drop of 88.9% from the January 31st total of 1,800 shares. Based on an average trading volume of 17,500 shares, the days-to-cover ratio is currently 0.0 days.
View Associated British Foods' Short Interest
.

How often does Associated British Foods pay dividends? What is the dividend yield for Associated British Foods?

Associated British Foods announced a dividend on Tuesday, November 14th. Stockholders of record on Friday, December 15th will be given a dividend of $0.5116 per share on Monday, January 29th. The ex-dividend date of this dividend is Thursday, December 14th. This is an increase from the stock's previous dividend of $0.14.
Read our dividend analysis for ASBFY
.

Is Associated British Foods a good dividend stock?

Associated British Foods (OTCMKTS:ASBFY) pays an annual dividend of $1.07 per share and currently has a dividend yield of 3.68%.
Read our dividend analysis for ASBFY.

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 2/29/2024 by MarketBeat.com Staff