Hilton Food Group (HFG) Hits New 12-Month High Following Dividend Announcement
Hilton Food Group plc (LON:HFG) hit a new 52-week high during mid-day trading on Wednesday following a dividend announcement from the company. The company traded as high as GBX 1,005 ($13.09) and last traded at GBX 1,005 ($13.09), with a volume of 74308 shares. The stock had previously closed at GBX 990 ($12.90).
The newly announced dividend which will be paid on Friday, November 30th. Stockholders of record on Thursday, November 1st will be given a GBX 5.60 ($0.07) dividend. This represents a dividend yield of 0.57%. The ex-dividend date of this dividend is Thursday, November 1st.
Several brokerages have recently weighed in on HFG. Peel Hunt reaffirmed a “hold” rating on shares of Hilton Food Group in a research report on Monday, July 2nd. Numis Securities downgraded Hilton Food Group to an “add” rating in a research report on Thursday, July 19th. Finally, Shore Capital reaffirmed a “buy” rating on shares of Hilton Food Group in a research report on Thursday, July 19th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. Hilton Food Group has a consensus rating of “Hold” and an average target price of GBX 918.75 ($11.97).
In other Hilton Food Group news, insider Angus Porter purchased 1,000 shares of Hilton Food Group stock in a transaction that occurred on Thursday, September 13th. The stock was purchased at an average price of GBX 992 ($12.92) per share, with a total value of £9,920 ($12,921.71).
Hilton Food Group Company Profile (LON:HFG)
Hilton Food Group plc, together with its subsidiaries, engages in the retail meat packing business. The company offers a range of fresh items, such as roasting joints, steaks, chops, and minces. It also provides value-added products comprising barbecue ranges, marinated meats, meat cuts, serving sauces, and ready to cook products, as well as trades in meat products.
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