|Bid||80.10 x 0|
|Ask||80.20 x 0|
|Day's range||79.70 - 83.00|
|52-week range||17.86 - 83.00|
|Beta (5Y monthly)||2.17|
|PE ratio (TTM)||14.94|
|Earnings date||24 Jun 2020|
|Forward dividend & yield||N/A (N/A)|
|Ex-dividend date||26 Nov 2008|
|1y target est||48.00|
As any reader of this is probably aware, shares in Premier Foods (LON:PFD) are currently trading close to a 52 week high, with the share price up by around 18....
The Premier Foods (LON:PFD) share price has risen by 51.5% over the past month and it’s currently trading at 68.4. For investors considering whether to buy, ho...
This FTSE stock is recovering from its prior financial problems and we could see international sales rise quickly in the years ahead.The post Why I’d buy this recovering FTSE stock now for its massive growth potential appeared first on The Motley Fool UK.
Chief Executive Officer Alex Whitehouse said there had been an "astronomical" rise in flour sales as people returned to their kitchens to bake and reached for their recipe books while restaurants were shut. England's pubs, restaurants and hotels will be allowed to re-open on July 4, Prime Minister Boris Johnson said on Tuesday. "Premier's challenge now is working out how to capitalise on the nation's newfound love affair with cooking and find ways to tempt people back into the kitchen once lockdown ends," eToro analyst Adam Vettese said.
Wine merchant Naked Wines and cooking sauce maker Premier Foods have reported a surge in demand during the lockdown. Naked said sales were up 81% in April and May compared to the same period last year as the pandemic drove "significantly accelerated trading patterns". Meanwhile, Bisto and Mr Kipling maker Premier Foods said sales since the end of March were up by about 20%, driven by demand for cooking sauces, gravy and baking ingredients.
Shares in Premier Foods (LON:PFD) are currently trading close to a 52 week high, with the share price up by around 11.6% to 46 over the past week. On a one-mon8230;
Premier Foods' sales in its financial fourth-quarter to March 28 are expected to have grown about 3.6% year on year, with a 10.5% jump in March, it added. Peel Hunt analysts said that Premier will now be in a position to pay dividends. "All these factors put Premier Foods in a better position to start shaking off its reputation as a zombie company that hasn't been able to invest much in its business," said AJ Bell Investment Director Russ Mould.
The company, which recently launched its plant-based Plantastic brand, was however not yet ready to launch the meat-free version of a beef-flavoured stock cube, Whitehouse said in a media call with journalists. Bakery operator Greggs <GRG.L> launched a vegan version of its popular steak bake earlier this month, aiming to replicate the success with its meatless sausage roll that boosted its profits and helped fuel an 80% rise in its share price last year.
Premier Foods, which will be launching a fresh range of mince pies, cherry bakewells and fruit pies packaged as Mr Kipling mini cakes, said it doubled its UK marketing investment with more to come in the fourth quarter. "Mr. Kipling, has again been instrumental to this continuing momentum, with increased sales of 10% supported by TV advertising and new product ranges," said Chief Executive Alex Whitehouse, who has been credited with turning around Premier Food's UK business.
Premier Foods will launch a new range of mince pies, cherry bakewells and fruit pies packaged as Mr Kipling mini cakes ahead of Christmas, after a relaunch of the popular sweet treats brand helped it bounce back to profit. Whitehouse has been credited with turning around Premier Food's UK business, including a relaunch of the Mr Kipling cake brand, which has outperformed the rest of the group. Premier Foods sales have been boosted by a TV advertising push.
Premier Foods said Nissin Soba Noodles & Cup Noodles, which it sells in a partnership with Nissin Foods Holdings <2897.T>, enjoyed an exceptionally strong growth trajectory with its sales growing 111%. The company appointed UK business chief Alex Whitehouse as the company's new chief executive officer in August, after Gavin Darby left in January because of shareholder pressure following a drop in the share price after a takeover attempt by U.S. food maker McCormick & Co Inc <MKC.N> fell through three years ago. Premier Foods on Tuesday announced more executive changes, with a new chief customer officer, chief marketing officer and operations director to deliver sharper focus in those areas.
Many investors define successful investing as beating the market average over the long term. But if you try your hand...
Bisto gravy and Oxo cube maker Premier Foods named its UK business chief Alex Whitehouse as its new CEO on Friday, handing him the task of reviving the company which has been under pressure since a failed takeover bid three years ago. The company also said it had hired Colin Day from Reckitt Benckiser, where he was CFO, to be its new chairman, and appointed a new finance chief, filling a leadership void at the group. Whitehouse was credited with turning around Premier Food's UK business, including a relaunch of the Mr Kipling cake brand, which has outperformed the rest of the group.
The company also said it had hired Colin Day from Reckitt Benckiser <RB.L>, where he was CFO, to be its new chairman, and appointed a new finance chief, filling a leadership void at the group. Whitehouse was credited with turning around Premier Food's UK business, including a relaunch of the Mr Kipling cake brand, which has outperformed the rest of the group. Premier Foods said in February it would review options to boost shareholder value after talks with its top investors.
The main index rose 0.7% with all sectors in the black, while the FTSE 250 index outperformed with a 1% rise owing to gains in the local currency. The outage, which was the longest in eight years and delayed trading for almost two hours, came during a volatile week for global financial markets, which were hit by worries about an impending recession and a prolonged U.S.-China trade spat. The FTSE 100's weekly run, which had dragged the index to six-month lows at one point, has placed it on course for its worst month in nearly four years.
The company said group sales rose 1.1% in the 13 weeks ended June 29, helped by a 10% rise in Mr Kipling sales, which was relaunched last year. Group sales in Britain rose 2.6%, while international sales fell 18% as sales in Ireland slowed due to the unwinding of Brexit related stock in Irish customers' supply chains. Premier Foods decided to review options earlier this year after former boss Gavin Darby left in January.