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 dated Friday, September 4th. The stock was sold at an average price of C$82.22, for a total transaction of C$77,780.12. Following the completion of the sale, the director directly owned 10,320 shares of the company’s stock, valued at C$848,510.40. The trade was a 8.40% decrease in their ownership of the stock.

Alimentation Couche-Tard Stock Performance

Shares of TSE ATD traded down C$2.02 during midday trading on Tuesday, reaching C$79.98. The company’s stock had a trading volume of 1,400,100 shares, compared to its average volume of 1,487,992. The company has a debt-to-equity ratio of 92.19, a current ratio of 1.26 and a quick ratio of 0.88. The stock has a market capitalization of C$73.42 billion, a P/E ratio of 23.25, a PEG ratio of 1.35 and a beta of 0.67. The firm has a 50 day moving average price of C$88.92 and a 200-day moving average price of C$83.66. Alimentation Couche-Tard Inc. has a 12-month low of C$68.30 and a 12-month high of C$95.15.

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

Alimentation Couche-Tard Announces Dividend

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

Analysts Set New Price Targets

A number of research firms recently commented on ATD. TD lowered their price target on shares of Alimentation Couche-Tard from C$110.00 to C$103.00 and set a “buy” rating on the stock in a report on Thursday, September 3rd. Stifel Nicolaus dropped their price target on Alimentation Couche-Tard from C$108.00 to C$102.00 and set a “buy” rating on the stock in a research report on Thursday, September 3rd. BMO Capital Markets dropped their price objective on shares of Alimentation Couche-Tard from C$95.00 to C$90.00 and set a “market perform” rating on the stock in a report on Thursday, September 3rd. Raymond James Financial reduced their target price on shares of Alimentation Couche-Tard from C$105.00 to C$100.00 in a research note on Thursday, September 3rd. Finally, Scotia lowered their price target on shares of Alimentation Couche-Tard from C$104.00 to C$102.00 and set a “sector outperform” rating on the stock in a research report on Thursday, September 3rd. Eleven analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Alimentation Couche-Tard has an average rating of “Moderate Buy” and a consensus price target of C$99.73.

About Alimentation Couche-Tard

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.