Hilton Food Group (HFG)

Sector:

Food

Index:

FTSE 250

900.00p
   
  • Change Today:
    -14.00p
  • 52 Week High: 985.00p
  • 52 Week Low: 646.00p
  • Currency: UK Pounds
  • Shares Issued: 89.70m
  • Volume: 144,023
  • Market Cap: £807.32m
  • RiskGrade: 184

Sunday share tips: MP Evans, Hilton Foods

By Alexander Bueso

Date: Sunday 20 Mar 2022

LONDON (ShareCast) - (Sharecast News) - The Financial Mail on Sunday's Midas column told readers to hold onto their shares of MP Evans, the producer of sustainable Indonesian palm oil.
Indeed, long-term investors may even want to snap up a few shares, the tipster added.

In a nutshell, so to speak, palm oil was one of three vegetable oils most commonly used and went into all sorts of products, ranging from Flora margarine to Maryland cookies or even toothpaste or soap.

Nearly half of the world's output of another oil, from sunflowers, came from Ukraine, and the 2022 harvest was likely to be "horribly disrupted".

Hence the recent price jump from already elevated levels and traders believed that it might remain high "for some time".

Analysts' expectations had been that MP Evans's profits would dip in 2022 and 2023 and that its dividend payout would flatline.

But, said Midas, "these predictions are likely to be upgraded in the next few days."

"Midas first recommended MP Evans in 2011, when the shares were £4.20. The price has more than doubled since then to £9.59 and should continue to gain ground.

"The firm boasts a 30-year track record of maintained or increased dividends too. Existing stockholders should sit tight. Longer-term investors may even want to snap up a few shares."



The Sunday Times's Lucy Tobin told readers to 'buy' shares of Hilton Foods, pointing to the company's nimble strategic acquisition plan to back up her investment thesis.

She also highlighted ShoreCap analyst Darren Shirley's characterisation of its chief executive officer, Philip Heffer, as a "very safe pair of hands".

Analysts continued to project healthy growth for Hilton's topline, to £3.8 billion for 2022, which would be up from £1.8bn in 2019 and £3.5bn in 2021.

Indeed, the company supplied 41% of the country's households with meat from its site in Huntingdon, Cambridgeshire, although it had another 18 factories spread across Europe and Australasia.

And survey data showed that Britons continued to have a voracious appetite for the likes of rashers of bacon.

The company had also bolstered its supply chain and diversified away from meat through the acquisitions that it had carried out over the past year.

Furthermore, she noted how Shirley expected leverage to come down once all of Hilton's deals had been embedded., which would free up the balance sheet again.

"The shares are cheaper, there's a meaty dividend policy, and a nimble, strategic acquisition plan will soon begin to plump up profits," she wrote.

"Hilton Foods is worth taking a butcher's knife at. Buy."



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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

HFG Market Data

Currency UK Pounds
Share Price 900.00p
Change Today -14.00p
% Change -1.53 %
52 Week High 985.00p
52 Week Low 646.00p
Volume 144,023
Shares Issued 89.70m
Market Cap £807.32m
RiskGrade 184

HFG Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
79.79% below the market average79.79% below the market average79.79% below the market average79.79% below the market average79.79% below the market average
85.19% below the sector average85.19% below the sector average85.19% below the sector average85.19% below the sector average85.19% below the sector average
Price Trend
58.18% above the market average58.18% above the market average58.18% above the market average58.18% above the market average58.18% above the market average
53.33% above the sector average53.33% above the sector average53.33% above the sector average53.33% above the sector average53.33% above the sector average
Income
24.23% above the market average24.23% above the market average24.23% above the market average24.23% above the market average24.23% above the market average
6.67% below the sector average6.67% below the sector average6.67% below the sector average6.67% below the sector average6.67% below the sector average
Growth
12.86% below the market average12.86% below the market average12.86% below the market average12.86% below the market average12.86% below the market average
18.52% above the sector average18.52% above the sector average18.52% above the sector average18.52% above the sector average18.52% above the sector average

What The Brokers Say

Strong Buy 2
Buy 2
Neutral 1
Sell 1
Strong Sell 0
Total 6
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

HFG Dividends

  Latest Previous
  Interim Final
Ex-Div 31-Oct-24 30-May-24
Paid 29-Nov-24 28-Jun-24
Amount 9.60p 23.00p

Trades for 31-Oct-2024

Time Volume / Share Price
17:30 7,357 @ 899.94p
17:30 8,066 @ 899.94p
17:30 12,183 @ 899.94p
17:30 1,095 @ 899.94p
16:35 56,627 @ 900.00p

HFG Key Personnel

Chair Robert Watson
CFO Matt Osborne

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