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

Premium Brands Holdings Co. (TSE:PBH) announced a quarterly dividend on Wednesday, November 6th, Zacks reports. Investors of record on Tuesday, December 31st will be given a dividend of 0.85 per share on Wednesday, January 15th. This represents a $3.40 annualized dividend and a yield of 4.35%. The ex-dividend date is Tuesday, December 31st.

Premium Brands Stock Performance

Premium Brands stock opened at C$78.21 on Thursday. Premium Brands has a 12-month low of C$77.38 and a 12-month high of C$97.28. The company has a market capitalization of C$3.47 billion, a price-to-earnings ratio of 30.79, a price-to-earnings-growth ratio of 1.10 and a beta of 0.98. The company has a debt-to-equity ratio of 161.28, a current ratio of 1.56 and a quick ratio of 1.16. The firm’s fifty day moving average price is C$91.17 and its 200 day moving average price is C$90.54.

Premium Brands (TSE:PBH) last released its quarterly earnings results on Wednesday, November 6th. The company reported C$1.11 earnings per share (EPS) for the quarter, missing the consensus estimate of C$1.36 by C($0.25). Premium Brands had a return on equity of 6.43% and a net margin of 1.78%. During the same quarter in the previous year, the company posted $1.27 EPS. On average, research analysts forecast that Premium Brands will post 6.039823 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on PBH shares. National Bankshares lifted their price target on shares of Premium Brands from C$101.00 to C$109.00 and gave the stock a “sector perform” rating in a research note on Thursday, October 24th. Royal Bank of Canada dropped their target price on shares of Premium Brands from C$101.00 to C$100.00 and set a “sector perform” rating for the company in a research report on Monday, August 12th. TD Securities boosted their target price on shares of Premium Brands from C$125.00 to C$129.00 and gave the stock a “buy” rating in a research report on Monday, August 12th. Finally, BMO Capital Markets dropped their target price on shares of Premium Brands from C$115.00 to C$111.00 in a research report on Friday, August 9th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$113.10.

Insider Activity

In other news, Senior Officer William Dion Kalutycz sold 7,000 shares of Premium Brands stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of C$86.30, for a total value of C$604,100.00. Company insiders own 2.01% of the company’s stock.

Premium Brands Company Profile

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.