Alimentation Couche-Tard (TSE:ATD) Director Sells C$77,780.12 in Stock

Alimentation Couche-Tard Inc. (TSE:ATD) Director Jean Bernier sold 946 shares of the company’s stock in a transaction on Friday, September 4th. The shares were sold at an average price of C$82.22, for a total value of C$77,780.12. Following the completion of the sale, the director owned 10,320 shares in the company, valued at C$848,510.40. This trade represents a 8.40% decrease in their ownership of the stock.

Alimentation Couche-Tard Stock Performance

Alimentation Couche-Tard stock opened at C$80.00 on Friday. The firm has a market capitalization of C$73.44 billion, a P/E ratio of 23.26, a P/E/G ratio of 1.35 and a beta of 0.67. The stock has a fifty day moving average price of C$88.50 and a two-hundred day moving average price of C$83.60. Alimentation Couche-Tard Inc. has a 52-week low of C$68.30 and a 52-week high of C$95.15. The company has a debt-to-equity ratio of 92.19, a current ratio of 1.26 and a quick ratio of 0.88.

Alimentation Couche-Tard (TSE:ATD) last issued its earnings results on Tuesday, September 1st. The company reported C$1.26 EPS for the quarter. Alimentation Couche-Tard had a net margin of 3.95% and a return on equity of 19.91%. The company had revenue of C$30.43 billion for the quarter. As a group, analysts anticipate that Alimentation Couche-Tard Inc. will post 4.0410959 EPS for the current fiscal year.

Alimentation Couche-Tard Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 25th will be given a $0.215 dividend. The ex-dividend date is Friday, September 11th. This represents a $0.86 dividend on an annualized basis and a yield of 1.1%. Alimentation Couche-Tard’s payout ratio is 17.49%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on ATD shares. Stifel Nicolaus dropped their price objective on shares of Alimentation Couche-Tard from C$108.00 to C$102.00 and set a “buy” rating for the company in a report on Thursday, September 3rd. National Bank Financial decreased their price target on Alimentation Couche-Tard from C$102.00 to C$101.00 and set an “outperform” rating on the stock in a research report on Thursday, September 3rd. Royal Bank Of Canada set a C$111.00 price target on Alimentation Couche-Tard and gave the company an “outperform” rating in a report on Wednesday, September 2nd. Desjardins lifted their price objective on Alimentation Couche-Tard from C$92.00 to C$101.00 and gave the company a “buy” rating in a research report on Wednesday, June 24th. Finally, BMO Capital Markets cut their price objective on Alimentation Couche-Tard from C$95.00 to C$90.00 and set a “market perform” rating for the company in a research report on Thursday, September 3rd. Eleven analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Alimentation Couche-Tard currently has a consensus rating of “Moderate Buy” and a consensus target price of C$99.73.

Alimentation Couche-Tard Company Profile

Alimentation Couche-Tard Inc operates a network of convenience stores across North America, Ireland, Scandinavia, Poland, the Baltics, and Russia. The company primarily generates income through the sale of tobacco products, groceries, beverages, fresh food, quick service restaurants, car wash services, other retail products and services, road transportation fuel, stationary energy, marine fuel, and chemicals. In addition, the company operates more stores under the Circle K banner in other countries such as China, Egypt, and Malaysia.