Albertson pilots PickUp lockers in select Chicago, Bay Area stores » 08:2510/1910/19/20
Albertsons Companies announced that it is piloting PickUp lockers in select Chicago Jewel-Osco and Bay Area Safeway stores as the newest easy fulfillment option for e-Commerce orders made through the company's websites and apps. The company already offers in-house Delivery and Drive Up & Go options through its innovative websites and apps, and has partnerships with third-party operators to provide fast delivery options. Albertsons Cos., which reported a 276% increase in digital sales in its first fiscal quarter and continues to add Drive Up & Go stores throughout the country, is looking at all of the ways that it can make customers' lives - and their grocery shopping - easier and more exciting.
Fly Intel: After-Hours Movers » 18:5810/1410/14/20
UALAQ, CARS, SNBR, HCCI, VSH, ORGO, IGT, ACI, VCYT, FSLY, ACCD, AA, VRTX, LEAF, SIBN, AZRE, CRWD, WMB, NET
Check out this evening's…
Albertsons initiates quarterly dividend of 10c per share » 16:2110/1410/14/20
The cash dividend is…
The cash dividend is payable on November 10, 2020 to stockholders of record as of the close of business on October 26, 2020.
Albertsons' Acme Markets successful bidder for 27 Kings and Balducci's locations » 14:4810/1410/14/20
Acme Markets, a division…
Acme Markets, a division of Albertsons Companies, announced it was the successful bidder for 27 Kings Food Market and Balducci's Food Lover's Market locations. The transaction, which is still subject to customary regulatory and court approvals including the approval of the Federal Trade Commission, is expected to close later this fiscal year. Upon the successful completion of the transaction, the stores will become part of the Mid-Atlantic division of Albertsons Companies, which operates Acme and Safeway stores on the east coast. The winning bid for the package and expected purchase price is $96.4M. "We look forward to welcoming Kings Food Markets and Balducci's Food Lover's Markets and the gourmet expertise they are known for into our family," said Jim Perkins, Mid-Atlantic division president.
|Over a week ago|
Fly Intel: Top five analyst initiations » 09:5210/0610/06/20
EFX, SYK, APTV, VNE, ACI
Catch up on today's…
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Equifax (EFX) initiated with a Buy at Needham. 2. Stryker (SYK) initiated with a Market Perform at Northland. 3. Aptiv (APTV) initiated with a Buy at Berenberg. 4. Veoneer (VNE) initiated with a Hold at Berenberg. 5. Albertsons (ACI) initiated with a Buy at Northcoast. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
Albertsons initiated with a Buy at Northcoast » 09:0510/0610/06/20
Northcoast analyst Chuck…
Northcoast analyst Chuck Cerankosky initiated coverage of Albertsons with a Buy rating and $18 price target.
Albertsons initiated with a Buy at Tigress Financial » 07:3909/2509/25/20
Tigress Financial analyst…
Tigress Financial analyst Ivan Feinseth initiated coverage of Albertsons with a Buy rating. The company is well positioned to benefit from several in-home dining and food retailing trends, including industry consolidation and ongoing specialization of product offerings, Feinseth tells investors in a research note.
Fly Intel: Top five weekend stock stories » 20:3609/2009/20/20
ORCL, WMT, NVDA, INTC, TSM, GTX, T, PYPL, SQ, ACI
Catch up on the…
Catch up on the weekend's top five stories with this list compiled by The Fly: 1. President Trump has announced that ByteDance has received tentative approval for an agreement with the U.S. Government to resolve the outstanding issues, which will now include Oracle (ORCL) and Walmart (WMT) together investing to acquire 20% of the newly formed TikTok Global business. As a part of the deal, TikTok is creating a new company called TikTok Global that will be responsible for providing all TikTok services to users in United States and most of the users in the rest of the world. The administration has conditionally approved a landmark deal where Oracle becomes TikTok's secure cloud provider. TikTok Global will be majority owned by American investors, including Oracle and Walmart. TikTok Global will be an independent American company, headquartered in the U.S., with four Americans out of the five member Board of Directors. All the TikTok technology will be in possession of TikTok Global, and comply with U.S. laws and privacy regulations. Data privacy for 100M American TikTok users will be quickly established by moving all American data to Oracle's Generation 2 Cloud data centers. TikTok Global will create more than 25,000 new jobs in the Unites States and TikTok Global will pay more than 5B in new tax dollars to the U.S. Treasury. TikTok Global will have an Initial Public Offering in less than 12 months and be listed on a U.S. Exchange. 2. KPS Capital Partners, through a newly formed affiliate, has entered into a stock and asset purchase agreement with Garrett Motion (GTX), under which KPS will acquire substantially all of the assets of Garrett for approximately $2.1B. Garrett will file a motion with the United States Bankruptcy Court for the Southern District of New York seeking the designation of KPS as the "stalking horse bidder" in a bidding procedures motion in connection with the company's filing of voluntary petitions under Chapter 11 of the Bankruptcy Code. To facilitate the sale process, Garrett has begun a process in the United States to financially restructure through a voluntary Chapter 11 proceeding. The completion of the sale is subject to court approval, among other customary conditions. 3. Nvidia (NVDA) became the largest U.S. chip maker by market value in July, passing industry titan Intel (INTC), but by most measures, Nvidia remains a niche player, Max Cherney wrote in this week's edition of Barron's. For Nvidia to grow into its value, the company has to do something big, and CEO Jensen Huang may have found the answer with his $40B deal for Arm Holdings, the author noted. If there ever was a way to challenge Intel's dominance, Huang may have cracked the code, with a combination of Nvidia's leading graphics processors, Arm's central-processing-unit chips, and its longstanding partnership with TSMC (TSM), which fabricates many of the world's most advanced chips, the report added. 4. Christopher Nolan's "Tenet" earned an estimated $4.7M domestically in its third weekend for a North America total of $36.1M. Internationally, the AT&T (T) subsidiary Warner Bros.' movie grossed another $25M for a foreign tally of $214M and a worldwide total of $250.1M. "Tenet" sports a B CinemaScore and an 74% Rotten Tomatoes. 5. PayPal (PYPL), Square (SQ) and Albertsons (ACI) saw positive mentions in this week's edition of Barron's.
|Over a month ago|
Albertsons a Buy as stock looks cheap, Barron's says » 10:1109/1909/19/20
With Americans eating…
With Americans eating more meals at home, supermarkets are among the few traditional retailers to thrive, and Albertsons, the nation's fourth-largest grocer, is no exception, Andrew Bary writes in this week's edition of Barron's. Since the pandemic began in March, the owner of the Safeway and Acme supermarket chains has had sales growth of more than 20% and ample profits. However, the company went public in late June at $16 a share, and the stock has since fallen to around $13, the author notes, adding that now is the time "to bag these marked-down shares." Reference Link
Kimco Realty upgraded to Overweight on free cash flow at Morgan Stanley » 07:1309/1409/14/20
As previously reported,…
As previously reported, Morgan Stanley analyst Richard Hill upgraded Kimco Realty to Overweight from Equal Weight with a price target of $14.50, up from $11, as he shifts to an analysis of free cash flow as a better representation of the financial health of a company in the current environment of "rent deferral-driven deviations" in funds from operations for retail REITs. Kimco's monetization of Albertsons (ACI) is an "undervalued catalyst" to free cash flow, Hill argues in his upgrade note.