Premium Brands Holdings Co. (TSE:PBH) Announces Quarterly Dividend of $0.85

Premium Brands Holdings Co. (TSE:PBH) announced a quarterly dividend on Thursday, August 8th, Zacks reports. Investors of record on Monday, September 30th will be paid a dividend of 0.85 per share on Tuesday, October 15th. This represents a $3.40 dividend on an annualized basis and a yield of 3.58%. The ex-dividend date of this dividend is Monday, September 30th.

Premium Brands Trading Down 0.8 %

TSE PBH opened at C$95.05 on Friday. Premium Brands has a one year low of C$84.66 and a one year high of C$97.28. The firm has a market cap of C$4.22 billion, a PE ratio of 37.42, a P/E/G ratio of 1.10 and a beta of 0.98. The firm’s fifty day moving average is C$89.87 and its two-hundred day moving average is C$89.88. The company has a debt-to-equity ratio of 161.28, a quick ratio of 1.16 and a current ratio of 1.56.

Premium Brands (TSE:PBH) last announced its earnings results on Thursday, August 8th. The company reported C$1.28 earnings per share for the quarter, missing the consensus estimate of C$1.32 by C($0.04). Premium Brands had a net margin of 1.78% and a return on equity of 6.43%. The company had revenue of C$1.70 billion during the quarter, compared to analysts’ expectations of C$1.70 billion. Analysts expect that Premium Brands will post 6.1078494 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. BMO Capital Markets lowered their target price on shares of Premium Brands from C$115.00 to C$111.00 in a report on Friday, August 9th. National Bankshares lowered their price objective on Premium Brands from C$111.00 to C$101.00 in a report on Friday, August 9th. TD Securities increased their target price on Premium Brands from C$125.00 to C$129.00 and gave the stock a “buy” rating in a research note on Monday, August 12th. Finally, Royal Bank of Canada decreased their price target on Premium Brands from C$101.00 to C$100.00 and set a “sector perform” rating on the stock in a research note on Monday, August 12th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of C$112.30.

Insiders Place Their Bets

In other news, Senior Officer William Dion Kalutycz sold 7,000 shares of the stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of C$86.30, for a total value of C$604,100.00. 2.01% of the stock is currently owned by company insiders.

About Premium Brands

Premium Brands Holdings Corporation, through its subsidiaries, manufactures and distributes food products primarily in Canada and the United States. It operates in two segments, Specialty Foods and Premium Food Distribution. The company provides processed meat, deli products, meat snacks, beef jerky and halal, sandwiches, pastries, specialty and gourmet products, entrees, panini, wraps, subs, hamburgers, burgers, salads and kettle products, muffins, breads, pastas, pizza, and baking and sushi products.