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

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 paid a dividend of 0.85 per share on Wednesday, January 15th. This represents a $3.40 dividend on an annualized basis and a yield of 4.35%. The ex-dividend date of this dividend is Tuesday, December 31st.

Premium Brands Stock Down 7.7 %

Shares of TSE PBH opened at C$78.21 on Thursday. Premium Brands has a 1 year low of C$77.38 and a 1 year high of C$97.28. The firm’s 50 day moving average price is C$91.17 and its 200 day moving average price is C$90.54. The firm has a market cap of C$3.47 billion, a P/E 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 quick ratio of 1.16 and a current ratio of 1.56.

Premium Brands (TSE:PBH) last announced its earnings results on Wednesday, November 6th. The company reported C$1.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business posted $1.27 EPS. As a group, sell-side analysts anticipate that Premium Brands will post 6.039823 earnings per share for the current year.

Wall Street Analyst Weigh In

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

Insider Activity

In other news, Senior Officer William Dion Kalutycz sold 7,000 shares of the firm’s stock in a transaction 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. Insiders own 2.01% of the company’s stock.

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.