Koninklijke Ahold Delhaize (OTCMKTS:ADRNY) Hits New 1-Year High – Here’s Why

Koninklijke Ahold Delhaize (OTCMKTS:ADRNY) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as €42.98 ($48.84) and last traded at €42.70 ($48.52), with a volume of 51059 shares changing hands. The stock had previously closed at €42.67 ($48.49).

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on ADRNY. The Goldman Sachs Group raised Koninklijke Ahold Delhaize to a “strong-buy” rating in a research note on Thursday, March 13th. Kepler Capital Markets downgraded Koninklijke Ahold Delhaize from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 8th. Finally, Wall Street Zen upgraded Koninklijke Ahold Delhaize from a “buy” rating to a “strong-buy” rating in a report on Thursday, May 22nd.

Koninklijke Ahold Delhaize Trading Up 0.1%

The firm has a market cap of $39.01 billion, a PE ratio of 20.93, a P/E/G ratio of 1.82 and a beta of 0.54. The company has a current ratio of 0.79, a quick ratio of 0.49 and a debt-to-equity ratio of 0.35. The business has a fifty day moving average price of €39.43 and a 200 day moving average price of €36.36.

Koninklijke Ahold Delhaize (OTCMKTS:ADRNY) last released its quarterly earnings data on Wednesday, May 7th. The company reported €0.65 ($0.74) EPS for the quarter. Koninklijke Ahold Delhaize had a return on equity of 15.81% and a net margin of 1.97%. Analysts forecast that Koninklijke Ahold Delhaize will post 2.84 EPS for the current year.

Koninklijke Ahold Delhaize Increases Dividend

The company also recently declared a dividend, which was paid on Thursday, April 24th. Investors of record on Monday, April 14th were paid a dividend of $0.7044 per share. The ex-dividend date of this dividend was Monday, April 14th. This is an increase from Koninklijke Ahold Delhaize’s previous dividend of $0.42. Koninklijke Ahold Delhaize’s dividend payout ratio (DPR) is currently 58.17%.

Koninklijke Ahold Delhaize 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.