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

Premium Brands Holdings Co. (TSE:PBH - Get Free Report) announced a quarterly dividend on Wednesday, November 6th,Zacks Dividends reports. Investors of record on Tuesday, December 31st will be paid a dividend of 0.85 per share on Wednesday, January 15th. This represents a $3.40 annualized dividend and a yield of 4.47%. The ex-dividend date of this dividend is Tuesday, December 31st.

Premium Brands Stock Down 2.7 %

TSE:PBH traded down C$2.15 during midday trading on Thursday, hitting C$76.06. 514,517 shares of the company were exchanged, compared to its average volume of 53,065. The company has a fifty day simple moving average of C$91.17 and a 200 day simple moving average of C$90.54. Premium Brands has a fifty-two week low of C$75.67 and a fifty-two week high of C$97.28. The company has a current ratio of 1.56, a quick ratio of 1.16 and a debt-to-equity ratio of 161.28. The company has a market capitalization of C$3.38 billion, a PE ratio of 30.43, a price-to-earnings-growth ratio of 1.10 and a beta of 0.98.

Premium Brands (TSE:PBH - Get Free Report) last announced its earnings results on Wednesday, November 6th. The company reported C$1.11 earnings per share 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 last year, the company posted $1.27 EPS. As a group, equities analysts anticipate that Premium Brands will post 6.039823 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on PBH. National Bankshares upped their price target on 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 decreased their price target on Premium Brands from C$100.00 to C$96.00 in a report on Thursday. TD Securities decreased their price target on Premium Brands from C$129.00 to C$120.00 and set a "buy" rating for the company in a report on Thursday. Stifel Nicolaus decreased their price target on Premium Brands from C$106.00 to C$101.00 in a report on Thursday. Finally, BMO Capital Markets decreased their price target on Premium Brands from C$111.00 to C$94.00 in a report on Thursday. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of C$108.30.

Insider Buying and Selling

In related news, Senior Officer William Dion Kalutycz sold 7,000 shares of Premium Brands stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of C$86.30, for a total transaction of C$604,100.00. 2.01% of the stock is currently owned by 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.