Savoir Faire Capital Management L.P. Increases Stake in Albertsons Companies, Inc. $ACI

Savoir Faire Capital Management L.P. lifted its holdings in shares of Albertsons Companies, Inc. (NYSE:ACI) by 261.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 375,653 shares of the company’s stock after purchasing an additional 271,620 shares during the period. Albertsons Companies comprises about 2.4% of Savoir Faire Capital Management L.P.’s investment portfolio, making the stock its 19th biggest position. Savoir Faire Capital Management L.P. owned 0.07% of Albertsons Companies worth $6,578,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in ACI. Mason Investment Advisory Services Inc. lifted its holdings in Albertsons Companies by 0.7% in the 2nd quarter. Mason Investment Advisory Services Inc. now owns 78,586 shares of the company’s stock worth $1,690,000 after buying an additional 524 shares during the period. ProShare Advisors LLC increased its stake in shares of Albertsons Companies by 3.4% during the second quarter. ProShare Advisors LLC now owns 17,870 shares of the company’s stock valued at $384,000 after buying an additional 592 shares during the period. Verdence Capital Advisors LLC raised its holdings in shares of Albertsons Companies by 0.8% during the second quarter. Verdence Capital Advisors LLC now owns 83,260 shares of the company’s stock valued at $1,791,000 after acquiring an additional 623 shares in the last quarter. Fifth Third Bancorp lifted its stake in Albertsons Companies by 20.9% in the second quarter. Fifth Third Bancorp now owns 3,624 shares of the company’s stock worth $78,000 after acquiring an additional 627 shares during the period. Finally, Bank of Nova Scotia lifted its stake in Albertsons Companies by 5.4% in the second quarter. Bank of Nova Scotia now owns 14,041 shares of the company’s stock worth $302,000 after acquiring an additional 723 shares during the period. Hedge funds and other institutional investors own 71.35% of the company’s stock.

Wall Street Analyst Weigh In

ACI has been the topic of a number of research analyst reports. UBS Group reduced their price objective on shares of Albertsons Companies from $25.00 to $23.00 and set a “buy” rating on the stock in a research report on Thursday, January 8th. Morgan Stanley reiterated an “underweight” rating and set a $14.00 price target (down previously from $20.00) on shares of Albertsons Companies in a research report on Thursday, January 15th. Telsey Advisory Group lowered their price objective on shares of Albertsons Companies from $24.00 to $22.00 and set an “outperform” rating for the company in a report on Thursday, January 8th. Barclays reduced their target price on Albertsons Companies from $19.00 to $17.00 and set an “underweight” rating on the stock in a report on Thursday, January 8th. Finally, Evercore ISI lowered their target price on Albertsons Companies from $21.00 to $20.00 and set an “in-line” rating for the company in a research note on Tuesday, December 23rd. Ten analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $21.92.

Albertsons Companies Stock Down 0.8%

Shares of Albertsons Companies stock opened at $17.05 on Monday. The company has a 50-day simple moving average of $17.42 and a two-hundred day simple moving average of $18.38. Albertsons Companies, Inc. has a 52-week low of $15.80 and a 52-week high of $23.20. The company has a debt-to-equity ratio of 3.36, a quick ratio of 0.20 and a current ratio of 0.91. The stock has a market capitalization of $8.76 billion, a PE ratio of 11.00, a price-to-earnings-growth ratio of 0.51 and a beta of 0.48.

Albertsons Companies (NYSE:ACI) last released its quarterly earnings data on Wednesday, January 7th. The company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.05. The business had revenue of $19.12 billion for the quarter, compared to analysts’ expectations of $19.18 billion. Albertsons Companies had a return on equity of 38.00% and a net margin of 1.06%.The firm’s quarterly revenue was up 1.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.71 EPS. Albertsons Companies has set its FY 2025 guidance at 2.080-2.16 EPS. On average, analysts anticipate that Albertsons Companies, Inc. will post 2.14 EPS for the current fiscal year.

Albertsons Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 6th. Stockholders of record on Friday, January 23rd will be paid a $0.15 dividend. The ex-dividend date is Friday, January 23rd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.5%. Albertsons Companies’s payout ratio is currently 38.71%.

Insider Buying and Selling at Albertsons Companies

In related news, EVP Michael T. Theilmann sold 49,000 shares of the stock in a transaction that occurred on Wednesday, January 14th. The shares were sold at an average price of $17.63, for a total transaction of $863,870.00. Following the transaction, the executive vice president owned 289,429 shares in the company, valued at $5,102,633.27. This represents a 14.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.35% of the stock is owned by insiders.

Albertsons Companies Company 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.