Koninklijke Ahold Delhaize (OTCMKTS:ADRNY) Reaches New 12-Month High – Here’s Why

Koninklijke Ahold Delhaize (OTCMKTS:ADRNYGet Free Report)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as €39.12 ($44.45) and last traded at €38.76 ($44.05), with a volume of 444070 shares traded. The stock had previously closed at €38.56 ($43.82).

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group upgraded shares of Koninklijke Ahold Delhaize to a “strong-buy” rating in a report on Thursday, March 13th.

Read Our Latest Research Report on ADRNY

Koninklijke Ahold Delhaize Price Performance

The firm has a market cap of $36.58 billion, a price-to-earnings ratio of 19.28, a P/E/G ratio of 1.82 and a beta of 0.53. The stock’s fifty day moving average price is €36.74 and its 200-day moving average price is €34.93. The company has a current ratio of 0.79, a quick ratio of 0.49 and a debt-to-equity ratio of 0.35.

Koninklijke Ahold Delhaize (OTCMKTS:ADRNYGet Free Report) last released its quarterly earnings results on Wednesday, February 12th. The company reported €0.74 ($0.84) earnings per share (EPS) for the quarter. Koninklijke Ahold Delhaize had a net margin of 1.97% and a return on equity of 15.81%. As a group, equities research analysts forecast that Koninklijke Ahold Delhaize will post 2.84 earnings per share for the current fiscal year.

Koninklijke Ahold Delhaize Increases Dividend

The firm also recently declared a dividend, which will be paid on Thursday, April 24th. Shareholders of record on Monday, April 14th will be paid a $0.7044 dividend. This is an increase from Koninklijke Ahold Delhaize’s previous dividend of $0.42. The ex-dividend date is Monday, April 14th. Koninklijke Ahold Delhaize’s payout ratio is 54.41%.

About Koninklijke Ahold Delhaize

(Get Free Report)

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.

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