Jean Bernier Sells 946 Shares of Alimentation Couche-Tard (TSE:ATD) Stock

Key Points

• Director Jean Bernier sold 946 shares of Alimentation Couche-Tard at an average price of C$82.22, reducing his position by 8.4% to 10,320 shares.
• The stock fell 2.5% to C$79.98, while the company reported quarterly revenue of C$30.43 billion and earnings of C$1.26 per share.
• Alimentation Couche-Tard announced a quarterly dividend of C$0.215 per share, and analysts maintained a broadly positive outlook with a consensus “Moderate Buy” rating and a C$99.73 average price target.

Alimentation Couche-Tard Inc. (TSE:ATD - Get Free Report) Director Jean Bernier sold 946 shares of Alimentation Couche-Tard stock in a transaction on Friday, September 4th. The shares were sold at an average price of C$82.22, for a total transaction of C$77,780.12. Following the completion of the sale, the director owned 10,320 shares of the company's stock, valued at C$848,510.40. This represents a 8.40% decrease in their position.

Alimentation Couche-Tard Stock Down 2.5%

TSE ATD traded down C$2.02 on Tuesday, hitting C$79.98. 1,400,100 shares of the company were exchanged, compared to its average volume of 1,487,992. The company has a market cap of C$73.42 billion, a PE ratio of 23.25, a PEG ratio of 1.35 and a beta of 0.67. Alimentation Couche-Tard Inc. has a 12 month low of C$68.30 and a 12 month high of C$95.15. The stock has a fifty day moving average of C$88.92 and a 200-day moving average of C$83.66. The company has a current ratio of 1.26, a quick ratio of 0.88 and a debt-to-equity ratio of 92.19.

Alimentation Couche-Tard (TSE:ATD - Get Free Report) last posted its quarterly earnings results on Tuesday, September 1st. The company reported C$1.26 earnings per share for the quarter. Alimentation Couche-Tard had a net margin of 3.95% and a return on equity of 19.91%. The firm had revenue of C$30.43 billion during the quarter. As a group, analysts forecast that Alimentation Couche-Tard Inc. will post 4.0410959 earnings per share for the current year.

Alimentation Couche-Tard Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 25th will be given a $0.215 dividend. This represents a $0.86 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Friday, September 11th. Alimentation Couche-Tard's payout ratio is presently 17.49%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. UBS Group raised their price objective on Alimentation Couche-Tard from C$91.00 to C$104.00 in a research note on Wednesday, June 24th. National Bank Financial decreased their price target on shares of Alimentation Couche-Tard from C$102.00 to C$101.00 and set an "outperform" rating for the company in a research note on Thursday, September 3rd. Raymond James Financial dropped their price objective on shares of Alimentation Couche-Tard from C$105.00 to C$100.00 in a research note on Thursday, September 3rd. Stifel Nicolaus reduced their price objective on shares of Alimentation Couche-Tard from C$108.00 to C$102.00 and set a "buy" rating for the company in a report on Thursday, September 3rd. Finally, Scotia dropped their price target on shares of Alimentation Couche-Tard from C$104.00 to C$102.00 and set a "sector outperform" rating on the stock in a research report on Thursday, September 3rd. Eleven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, Alimentation Couche-Tard currently has a consensus rating of "Moderate Buy" and an average price target of C$99.73.

About Alimentation Couche-Tard

Alimentation Couche-Tard Inc operates a network of convenience stores across North America, Ireland, Scandinavia, Poland, the Baltics, and Russia. The company primarily generates income through the sale of tobacco products, groceries, beverages, fresh food, quick service restaurants, car wash services, other retail products and services, road transportation fuel, stationary energy, marine fuel, and chemicals. In addition, the company operates more stores under the Circle K banner in other countries such as China, Egypt, and Malaysia.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.