Hilton Food Group (LON:HFG) Share Price Passes Above Two Hundred Day Moving Average – Here’s Why

Hilton Food Group plc (LON:HFG)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 884.54 ($11.74) and traded as high as GBX 889 ($11.80). Hilton Food Group shares last traded at GBX 884 ($11.73), with a volume of 202,800 shares.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Berenberg Bank lifted their price objective on Hilton Food Group from GBX 1,090 ($14.46) to GBX 1,120 ($14.86) and gave the company a “buy” rating in a report on Wednesday, April 9th. Shore Capital reaffirmed a “house stock” rating on shares of Hilton Food Group in a research note on Tuesday, April 8th.

Hilton Food Group Price Performance

The company has a quick ratio of 0.88, a current ratio of 1.11 and a debt-to-equity ratio of 148.82. The stock’s 50-day moving average price is GBX 853.61 and its 200-day moving average price is GBX 884.54. The company has a market capitalization of £791.35 million, a price-to-earnings ratio of 17.01, a price-to-earnings-growth ratio of 17.31 and a beta of 0.57.

Hilton Food Group (LON:HFG) last announced its quarterly earnings data on Tuesday, April 8th. The company reported GBX 61 ($0.81) EPS for the quarter. Hilton Food Group had a return on equity of 15.15% and a net margin of 1.22%. Equities research analysts anticipate that Hilton Food Group plc will post 62.3340321 earnings per share for the current year.

Hilton Food Group Increases Dividend

The firm also recently announced a dividend, which will be paid on Thursday, April 24th. Stockholders of record on Thursday, April 17th will be paid a GBX 24.90 ($0.33) dividend. This represents a dividend yield of 2.97%. The ex-dividend date of this dividend is Thursday, April 17th. This is a positive change from Hilton Food Group’s previous dividend of $9.60. Hilton Food Group’s dividend payout ratio (DPR) is 63.52%.

Insider Buying and Selling

In related news, insider Mark Allen purchased 5,950 shares of Hilton Food Group stock in a transaction dated Tuesday, April 8th. The shares were acquired at an average cost of GBX 835 ($11.08) per share, for a total transaction of £49,682.50 ($65,918.14). 14.33% of the stock is currently owned by insiders.

About Hilton Food Group

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.