Associated British Foods plc (ASBFF)
Associated British Foods plc operates in the Packaged Foods industry of the Consumer Defensive sector, headquartered in London, GL, GB. The stock last traded at $27.80, up 0.00% on the session, giving a market capitalisation of $19.45B. On trailing twelve-month figures it carries a trailing P/E of 15.25, a net margin of 4.9%. Its beta of 0.87 implies it has historically moved less than the broad market.
Associated British Foods plc (ABF) is a global diversified entity engaged in the production of food, manufacturing of ingredients, and retail operations. Its extensive business activities are organized into five primary divisions: Grocery, Sugar, Agriculture, Ingredients, and Retail. Within the Grocery segment, ABF manufactures and distributes a broad spectrum of food products, including hot beverages, various sweeteners, cooking oils (such as balsamic vinegars), baked goods, breakfast cereals, ethnic dishes, and meat products. These items are supplied to a diverse customer base spanning retail outlets, wholesale distributors, and foodservice providers. The Sugar division is dedicated to the cultivation, processing, and sale of both beet and cane sugar, primarily catering to industrial clients. ABF's Agriculture segment focuses on producing and marketing animal feed, alongside offering supplementary products and services to the farming sector. The Ingredients division specializes in creating various components like baker's yeast, different bakery additives, enzymes, lipids, yeast extracts, and unique cereal-based products. Finally, the Retail segment is responsible for sourcing and marketing clothing and accessories through its popular Primark and Penneys store networks. These chains provide an array of fashion for women, men, and children, as well as accessories, homeware, and beauty items. Founded in 1934, Associated British Foods plc maintains its headquarters in London, United Kingdom, and functions as a subsidiary of Wittington Investments Limited.
Associated British Foods plc is most often compared with the following Consumer Defensive names: