Jerónimo Martins, SGPS, S.A. (OTCMKTS:JRONY) to Issue Dividend of $1.18

Jerónimo Martins, SGPS, S.A. (OTCMKTS:JRONYGet Rating) declared a dividend on Saturday, May 14th, reports. Stockholders of record on Tuesday, May 17th will be given a dividend of 1.1838 per share on Thursday, June 2nd. This represents a dividend yield of 2.92%. The ex-dividend date of this dividend is Monday, May 16th.

JRONY opened at $40.58 on Friday. Jerónimo Martins, SGPS has a 52-week low of $36.60 and a 52-week high of $50.01. The firm has a market capitalization of $12.77 billion, a PE ratio of 27.05, a PEG ratio of 1.72 and a beta of 0.75. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.34 and a current ratio of 0.54. The business’s 50-day simple moving average is $44.36 and its 200 day simple moving average is $45.43.

Several analysts recently issued reports on the company. Berenberg Bank upped their target price on Jerónimo Martins, SGPS from €18.30 ($19.26) to €19.20 ($20.21) and gave the stock a “hold” rating in a report on Tuesday, April 19th. Morgan Stanley upped their target price on Jerónimo Martins, SGPS from €18.00 ($18.95) to €18.10 ($19.05) in a report on Friday, March 11th. Barclays upped their target price on Jerónimo Martins, SGPS from €16.50 ($17.37) to €18.00 ($18.95) in a report on Wednesday, January 19th. Zacks Investment Research upgraded Jerónimo Martins, SGPS from a “sell” rating to a “hold” rating in a report on Saturday. Finally, Exane BNP Paribas lowered Jerónimo Martins, SGPS from a “neutral” rating to an “underperform” rating in a research note on Friday, April 22nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $25.46.

Jerónimo Martins, SGPS Company Profile (Get Rating)

Jerónimo Martins, SGPS, SA operates in the food distribution and specialized retail sectors in Portugal, Poland, and Colombia. The company operates through Portugal Retail; Portugal Cash & Carry; Poland Retail; Colombia Retail; and Others, Eliminations and Adjustments segments. It operates 3,250 food stores under the Biedronka name; and a chain of 290 health and beauty stores under the Hebe banner in Poland, as well as 819 food stores under the Ara name in Colombia.

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