The Goldman Sachs Group Lowers Koninklijke Ahold Delhaize (OTCMKTS:ADRNY) to Neutral

The Goldman Sachs Group lowered shares of Koninklijke Ahold Delhaize (OTCMKTS:ADRNY) from a buy rating to a neutral rating in a report published on Monday, The Fly reports.

A number of other equities research analysts also recently issued reports on the company. Credit Suisse Group restated a neutral rating on shares of Koninklijke Ahold Delhaize in a research report on Friday, August 13th. Sanford C. Bernstein initiated coverage on Koninklijke Ahold Delhaize in a research note on Wednesday, July 7th. They set an outperform rating on the stock. JPMorgan Chase & Co. reaffirmed a neutral rating on shares of Koninklijke Ahold Delhaize in a research note on Friday, August 13th. Citigroup reaffirmed a buy rating on shares of Koninklijke Ahold Delhaize in a research note on Thursday, September 23rd. Finally, Berenberg Bank reaffirmed a hold rating on shares of Koninklijke Ahold Delhaize in a research note on Friday, August 13th. Seven analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Koninklijke Ahold Delhaize currently has a consensus rating of Hold and an average target price of $38.00.

OTCMKTS:ADRNY opened at $32.04 on Monday. The stock has a 50-day simple moving average of $33.25 and a two-hundred day simple moving average of $30.53. Koninklijke Ahold Delhaize has a 52-week low of $25.89 and a 52-week high of $34.23. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.48 and a current ratio of 0.74. The firm has a market capitalization of $33.55 billion, a PE ratio of 24.52, a P/E/G ratio of 3.84 and a beta of 0.31.

Koninklijke Ahold Delhaize (OTCMKTS:ADRNY) last announced its quarterly earnings data on Wednesday, August 11th. The company reported $0.64 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.04. Koninklijke Ahold Delhaize had a return on equity of 17.24% and a net margin of 1.56%. The business had revenue of $22.46 billion for the quarter, compared to the consensus estimate of $21.59 billion. Equities analysts forecast that Koninklijke Ahold Delhaize will post 2.46 earnings per share for the current fiscal year.

The company also recently announced a dividend, which was paid on Thursday, September 2nd. Investors of record on Monday, August 16th were paid a $0.9858 dividend. The ex-dividend date was Friday, August 13th. This represents a yield of 3.02%. Koninklijke Ahold Delhaize’s dividend payout ratio (DPR) is 31.78%.

About Koninklijke Ahold Delhaize

Koninklijke Ahold Delhaize NV engages in the management and operation of supermarkets and e-commerce business. It operates through the following six segments: The U.S., The Netherlands, Belgium, Central & Southeastern Europe, Other Retail, and Global Support Office. The U.S. segment includes Stop & Shop, Food Lion, Giant & Martin’s, Hannaford, Giant Food and Peapod.

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