MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Has $2.03 Million Stock Holdings in Albertsons Companies, Inc. $ACI

Key Points

• MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH significantly reduced its stake in Albertsons Companies by 85.6%, now holding $2.03 million worth of shares after selling over half a million during the 2nd quarter.
• Albertsons reported a quarterly EPS of $0.55, exceeding analysts' expectations, and a revenue of $24.88 billion, marking a year-over-year increase of 2.5%.
• The company declared a quarterly dividend of $0.15 per share, with a current dividend yield of 3.4%, representing a dividend payout ratio of 36.59%.

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH decreased its stake in shares of Albertsons Companies, Inc. (NYSE:ACI - Free Report) by 85.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 94,475 shares of the company's stock after selling 559,454 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH's holdings in Albertsons Companies were worth $2,032,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. West Oak Capital LLC bought a new stake in Albertsons Companies during the 2nd quarter worth about $30,000. SVB Wealth LLC acquired a new position in Albertsons Companies during the 1st quarter valued at about $32,000. Bessemer Group Inc. acquired a new position in Albertsons Companies during the 1st quarter valued at about $40,000. GAMMA Investing LLC lifted its position in Albertsons Companies by 340.1% during the 1st quarter. GAMMA Investing LLC now owns 1,919 shares of the company's stock valued at $42,000 after purchasing an additional 1,483 shares during the period. Finally, Plato Investment Management Ltd acquired a new position in shares of Albertsons Companies during the 1st quarter worth about $53,000. Institutional investors own 71.35% of the company's stock.

Albertsons Companies Trading Down 1.5%

Shares of Albertsons Companies stock opened at $17.45 on Friday. The stock has a fifty day simple moving average of $19.22 and a 200 day simple moving average of $20.83. The company has a market capitalization of $9.77 billion, a P/E ratio of 10.64, a price-to-earnings-growth ratio of 1.81 and a beta of 0.51. The company has a current ratio of 0.82, a quick ratio of 0.18 and a debt-to-equity ratio of 2.17. Albertsons Companies, Inc. has a 12-month low of $17.00 and a 12-month high of $23.20.

Albertsons Companies (NYSE:ACI - Get Free Report) last posted its earnings results on Tuesday, July 15th. The company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.54 by $0.01. The firm had revenue of $24.88 billion for the quarter, compared to analysts' expectations of $24.68 billion. Albertsons Companies had a net margin of 1.18% and a return on equity of 37.92%. The company's quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.66 EPS. Albertsons Companies has set its FY 2025 guidance at 2.030-2.160 EPS. On average, sell-side analysts anticipate that Albertsons Companies, Inc. will post 2.14 earnings per share for the current fiscal year.

Albertsons Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 8th. Stockholders of record on Friday, July 25th were paid a dividend of $0.15 per share. The ex-dividend date was Friday, July 25th. This represents a $0.60 annualized dividend and a dividend yield of 3.4%. Albertsons Companies's dividend payout ratio is presently 36.59%.

Analyst Ratings Changes

ACI has been the subject of several analyst reports. Wall Street Zen lowered Albertsons Companies from a "buy" rating to a "hold" rating in a research report on Monday, September 15th. JPMorgan Chase & Co. started coverage on Albertsons Companies in a research report on Wednesday, August 20th. They set an "overweight" rating and a $27.00 price objective for the company. Roth Capital reaffirmed a "buy" rating and set a $24.00 price objective (up from $23.00) on shares of Albertsons Companies in a research report on Wednesday, July 16th. Zacks Research raised Albertsons Companies from a "strong sell" rating to a "hold" rating in a research report on Monday, August 25th. Finally, Telsey Advisory Group restated an "outperform" rating and set a $24.00 target price on shares of Albertsons Companies in a report on Wednesday, July 16th. Eleven analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $23.94.

Albertsons Companies Company Profile

Albertsons Companies, Inc, through its subsidiaries, engages in the operation of food and drug stores in the United States. The company's food and drug retail stores offer grocery products, general merchandise, health and beauty care products, pharmacy, fuel, and other items and services. It also manufactures and processes food products for sale in stores.

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