MRP Capital Investments LLC Takes Position in Albertsons Companies, Inc. $ACI

MRP Capital Investments LLC acquired a new stake in shares of Albertsons Companies, Inc. (NYSE:ACI) during the third quarter, according to its most recent filing with the SEC. The fund acquired 49,680 shares of the company’s stock, valued at approximately $870,000.

Other institutional investors have also added to or reduced their stakes in the company. Harbor Capital Advisors Inc. grew its holdings in Albertsons Companies by 130.4% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 1,461 shares of the company’s stock valued at $26,000 after buying an additional 827 shares in the last quarter. Allworth Financial LP lifted its holdings in shares of Albertsons Companies by 98.4% in the second quarter. Allworth Financial LP now owns 1,702 shares of the company’s stock worth $37,000 after buying an additional 844 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Albertsons Companies by 32.9% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,524 shares of the company’s stock worth $44,000 after buying an additional 625 shares in the last quarter. Deseret Mutual Benefit Administrators boosted its position in shares of Albertsons Companies by 61.7% in the third quarter. Deseret Mutual Benefit Administrators now owns 2,808 shares of the company’s stock valued at $49,000 after acquiring an additional 1,071 shares during the period. Finally, Employees Retirement System of Texas bought a new position in shares of Albertsons Companies in the second quarter valued at approximately $53,000. Hedge funds and other institutional investors own 71.35% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on ACI. UBS Group reduced their price objective on shares of Albertsons Companies from $25.00 to $23.00 and set a “buy” rating for the company in a research note on Thursday, January 8th. Evercore cut their price target on shares of Albertsons Companies from $21.00 to $20.00 and set an “in-line” rating for the company in a report on Tuesday, December 23rd. Morgan Stanley restated an “underweight” rating and set a $14.00 price target (down from $20.00) on shares of Albertsons Companies in a research report on Thursday, January 15th. Jefferies Financial Group reaffirmed an “outperform” rating on shares of Albertsons Companies in a report on Monday, December 29th. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of Albertsons Companies in a research report on Monday, December 29th. Nine equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Albertsons Companies has a consensus rating of “Hold” and a consensus target price of $21.58.

Albertsons Companies Trading Down 1.8%

Shares of Albertsons Companies stock opened at $17.31 on Thursday. The company has a debt-to-equity ratio of 3.36, a current ratio of 0.91 and a quick ratio of 0.20. Albertsons Companies, Inc. has a 1 year low of $15.80 and a 1 year high of $23.20. The firm has a market cap of $8.89 billion, a PE ratio of 11.17, a PEG ratio of 0.50 and a beta of 0.48. The company has a 50 day simple moving average of $17.47 and a two-hundred day simple moving average of $17.76.

Albertsons Companies (NYSE:ACI) last issued its quarterly earnings results on Wednesday, January 7th. The company reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.05. Albertsons Companies had a net margin of 1.06% and a return on equity of 38.00%. The firm had revenue of $19.12 billion for the quarter, compared to analyst estimates of $19.18 billion. During the same quarter in the prior year, the firm earned $0.71 EPS. The business’s revenue for the quarter was up 1.9% compared to the same quarter last year. Albertsons Companies has set its FY 2025 guidance at 2.080-2.16 EPS. Analysts expect 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, February 6th. Shareholders of record on Friday, January 23rd were given a dividend of $0.15 per share. The ex-dividend date was Friday, January 23rd. This represents a $0.60 dividend on an annualized basis and a yield of 3.5%. Albertsons Companies’s dividend payout ratio (DPR) is presently 38.71%.

Insiders Place Their Bets

In other Albertsons Companies news, EVP Michael T. Theilmann sold 49,000 shares of Albertsons Companies stock in a transaction dated Wednesday, January 14th. The stock was sold at an average price of $17.63, for a total transaction of $863,870.00. Following the completion of the sale, the executive vice president owned 289,429 shares of the company’s stock, valued at $5,102,633.27. The trade was a 14.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.35% of the stock is owned by insiders.

Albertsons Companies Profile

Albertsons Companies, Inc (NYSE: ACI) is one of the largest food and drug retailers in the United States, operating a diversified portfolio of grocery store banners. Founded in 1939 by Joe Albertson in Boise, Idaho, the company has grown through both organic expansion and strategic acquisitions. Its core business activities encompass the sale of fresh produce, meat, bakery items, deli offerings, pharmacy services, and general merchandise. The company’s retail operations are complemented by an in-house private-label program, featuring brands such as O Organics, Open Nature, and Lucerne, which cater to a range of customer preferences and price points.

Throughout its history, Albertsons Companies has pursued growth via mergers and partnerships.