Rockefeller Capital Management L.P. Sells 217,483 Shares of Albertsons Companies, Inc

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The company offers a wide range of products and services, including groceries, pharmacy, health and beauty products, general merchandise, fuel centers, financial services, as well as digital grocery delivery and curbside pickup services. The move comes as the retailer has seen its stock slide in recent months due to economic challenges brought on by the coronavirus pandemic. While it is unclear what drove Rockefeller Capital Management’s decision to reduce its holdings, it could be indicative of a shift in investor sentiment. As Albertsons Companies ($NYSE:ACI), Inc. struggles to adjust to the new economic reality, it is important to keep in mind that this sale does not necessarily demonstrate a lack of faith in the company’s prospects.

Rather, it could be an indication that Rockefeller Capital Management is looking to diversify its investments or reduce exposure to the food and drug retail industry. Whatever the reason, the sale of these shares is a significant event and could be a sign of things to come for this sector.

Share Price

The stock opened at $21.4 and closed at $21.6 representing an increase of 0.7% from the previous closing price of $21.4. Albertsons Companies, Inc is an American grocery company which owns stores operating under the banners of Safeway, Vons, Jewel-Osco, Albertsons, Pavilions, Randalls, Tom Thumb, Carrs, Haggen, and Acme Markets. It is one of the largest food and drug retailers in the United States. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Albertsons Companies. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Albertsons Companies. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Albertsons Companies. More…

Key Ratios Snapshot

Some of the financial key ratios for Albertsons Companies are shown below. More…

Analysis

At GoodWhale, we have analyzed ALBERTSONS COMPANIES’s fundamentals. The results of our ‘Star Chart’ show that ALBERTSONS COMPANIES is strong in profitability, medium in dividend, growth and weak in asset. We also gave ALBERTSONS COMPANIES a high health score of 7/10 considering its cashflows and debt which indicates that the company is capable to safely ride out any crisis without the risk of bankruptcy. Based on our analysis, ALBERTSONS COMPANIES is classified as ‘rhino’, meaning that it has achieved moderate revenue or earnings growth. This type of company may be interesting for investors looking for a strong and stable investment opportunity. ALBERTSONS COMPANIES offers a good return on investment for such investors and has potential to perform well in the future. More…

Peers

Albertsons Companies Inc is one of the largest food and drug retailers in the United States, with more than 2,200 stores in 36 states and the District of Columbia. The company operates under 19 banners, including Albertsons, Safeway, Vons, Pavilions, Randalls, Tom Thumb, Shaw’s, Star Market, United Express, Jewel-Osco, Acme Markets, Albertsons Market, Carrs, Haggen, Lucky, Market Street, Pavilions, and United. Albertsons Companies is headquartered in Boise, Idaho. The company’s primary competitors are The Kroger Co, Sprouts Farmers Market Inc, and Costco Wholesale Corp.

– The Kroger Co ($NYSE:KR)

Kroger Co is a grocery store chain with a market cap of 30.19B as of 2022. It has a Return on Equity of 23.61%. The company operates through various brands including Ralphs, Harris Teeter, Food 4 Less, and Fred Meyer. It offers a wide variety of products and services such as groceries, pharmacy, health & beauty, and general merchandise. Kroger also has a loyalty program called “Kroger Rewards” which allows customers to earn points on every purchase which can be redeemed for discounts on future purchases.

– Sprouts Farmers Market Inc ($NASDAQ:SFM)

Sprouts Farmers Market Inc. is an American supermarket chain headquartered in Phoenix, Arizona, that specializes in selling fresh, natural, and organic foods. As of May 2021, the company operated 340 stores in 23 states across the United States.

The company has a market cap of $3 billion as of 2022 and a return on equity of 21.14%. Sprouts Farmers Market is a publicly traded company on the Nasdaq stock exchange under the ticker symbol SFM.

– Costco Wholesale Corp ($NASDAQ:COST)

Costco Wholesale Corporation is a membership-only warehouse club that provides a wide array of merchandise, including food, electronics, housewares, and clothing. As of 2022, it had a market cap of 205.64 billion and a return on equity of 24.62%. Costco is known for its low prices and its wide range of merchandise, which it sells in bulk quantities. The company also offers its members gas stations, pharmacies, optical centers, and travel services.

Summary

Investors should take note of this move and consider their own positions in the company. Analyst ratings on the stock have been overwhelmingly positive, with an average buy rating. Its debt-to-equity ratio is higher than the industry average, but its current ratio is significantly higher than its peers, indicating its ability to cover short-term debt. Revenue has been steadily increasing over the past few years, suggesting Albertsons Companies is well-positioned for growth.

Dividend yield is also above average, providing investors with steady returns. Overall, it appears to be a good time to invest in Albertsons Companies, Inc.