Ahold (OTCMKTS:ADRNY) Trading 0.3% Higher - Here's What Happened

Key Points

• Ahold NV's share price increased by 0.3% to €41.74 ($48.53) during mid-day trading, with trading volume up 101% compared to the average.
• Analysts have mixed ratings on Ahold, with Jefferies upgrading it to a "strong-buy" while Zacks downgraded it to "hold." The current consensus rating is "Buy."
• The company recently declared a dividend of $0.4157 per share, representing a significant yield of 250.0% and a payout ratio of 42.47%.

Ahold NV (OTCMKTS:ADRNY - Get Free Report)'s share price traded up 0.3% during mid-day trading on Tuesday . The company traded as high as €41.76 ($48.56) and last traded at €41.74 ($48.53). 174,600 shares changed hands during mid-day trading, an increase of 101% from the average session volume of 86,853 shares. The stock had previously closed at €41.60 ($48.37).

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Jefferies Financial Group raised shares of Ahold from a "hold" rating to a "strong-buy" rating in a research note on Monday, September 22nd. Zacks Research downgraded shares of Ahold from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 14th. Two investment analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Buy".

Ahold Stock Performance

The firm's 50 day moving average is €40.36 and its two-hundred day moving average is €40.47. The stock has a market capitalization of $38.00 billion, a PE ratio of 19.06, a P/E/G ratio of 1.73 and a beta of 0.49. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.43 and a current ratio of 0.72.

Ahold (OTCMKTS:ADRNY - Get Free Report) last announced its earnings results on Wednesday, August 6th. The company reported €0.74 earnings per share for the quarter. Ahold had a net margin of 2.02% and a return on equity of 15.88%. As a group, research analysts predict that Ahold NV will post 2.84 earnings per share for the current year.

Ahold Cuts Dividend

The company also recently declared a dividend, which was paid on Thursday, August 28th. Shareholders of record on Tuesday, August 12th were issued a dividend of $0.4157 per share. This represents a yield of 250.0%. The ex-dividend date was Monday, August 11th. Ahold's payout ratio is 42.47%.

Ahold Company Profile

Koninklijke Ahold Delhaize N.V. operates retail food stores and e-commerce in the United States, Europe, and internationally. The company's stores offer produce, dairy, meat, deli, bakery, seafood, and frozen products; grocery, beer, and wine; floral, pet food, health and beauty care, kitchen and cookware, gardening tools, general merchandise articles, electronics, newspapers and magazines, tobacco, etc.; gasoline; and pharmacy products.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.