MetLife Investment Management LLC Has $4.96 Million Stake in Albertsons Companies, Inc. $ACI

Key Points

• MetLife Investment Management LLC significantly increased its stake in Albertsons Companies, acquiring 218,092 shares, bringing its total holdings to 225,433 shares valued at approximately $4.96 million.
• Albertsons Companies shares received several ratings upgrades, with BMO Capital Markets raising their target price from $19.00 to $25.00 and Roth Capital setting a target of $24.00.
• The company reported a net margin of 1.18% and improved its quarterly earnings per share to $0.55, exceeding analysts' expectations of $0.54.

MetLife Investment Management LLC raised its holdings in Albertsons Companies, Inc. (NYSE:ACI - Free Report) by 2,970.9% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 225,433 shares of the company's stock after buying an additional 218,092 shares during the quarter. MetLife Investment Management LLC's holdings in Albertsons Companies were worth $4,957,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC acquired a new stake in Albertsons Companies in the 1st quarter valued at approximately $1,420,000. Bessemer Group Inc. acquired a new stake in Albertsons Companies in the 1st quarter valued at approximately $40,000. Bayesian Capital Management LP acquired a new stake in Albertsons Companies in the 4th quarter valued at approximately $232,000. Atlas Capital Advisors Inc. grew its holdings in Albertsons Companies by 241.6% in the 1st quarter. Atlas Capital Advisors Inc. now owns 23,154 shares of the company's stock valued at $509,000 after buying an additional 16,375 shares during the last quarter. Finally, Flagship Harbor Advisors LLC acquired a new stake in Albertsons Companies in the 1st quarter valued at approximately $323,000. Institutional investors and hedge funds own 71.35% of the company's stock.

Albertsons Companies Price Performance

ACI stock traded down $0.21 during trading on Thursday, hitting $19.11. The company had a trading volume of 4,739,948 shares, compared to its average volume of 5,007,160. The company has a fifty day moving average price of $20.23 and a two-hundred day moving average price of $21.07. The company has a current ratio of 0.82, a quick ratio of 0.18 and a debt-to-equity ratio of 2.17. The company has a market cap of $10.70 billion, a P/E ratio of 11.65, a P/E/G ratio of 1.97 and a beta of 0.51. Albertsons Companies, Inc. has a fifty-two week low of $17.00 and a fifty-two week high of $23.20.

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

Albertsons Companies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 8th. Investors of record on Friday, July 25th were paid a $0.15 dividend. The ex-dividend date of this dividend was Friday, July 25th. This represents a $0.60 annualized dividend and a yield of 3.1%. Albertsons Companies's payout ratio is currently 36.59%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on ACI. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $24.00 target price on shares of Albertsons Companies in a report on Wednesday, July 16th. JPMorgan Chase & Co. assumed coverage on Albertsons Companies in a report on Wednesday, August 20th. They set an "overweight" rating and a $27.00 price objective on the stock. Zacks Research raised Albertsons Companies from a "strong sell" rating to a "hold" rating in a report on Monday, August 25th. Barclays assumed coverage on Albertsons Companies in a report on Monday, July 21st. They set an "underweight" rating and a $19.00 price objective on the stock. Finally, BMO Capital Markets raised Albertsons Companies from a "market perform" rating to an "outperform" rating and lifted their price objective for the stock from $19.00 to $25.00 in a report on Wednesday, May 7th. Eleven equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Albertsons Companies currently has an average rating of "Moderate Buy" and a consensus 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.