Ex-Dividend Date Nearing for These 10 Stocks – Week of October 28, 2024
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 27 2024
0mins
Should l Buy ACI?
Source: TipRanks
Dividend Stocks at 52-Week Lows: Several dividend stocks are currently trading near their 52-week lows, with a list of ten stocks reaching their ex-dividend dates this week.
Investment Opportunity: Investors can purchase these stocks at discounted prices before the ex-dividend dates to benefit from upcoming dividend payouts.
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Analyst Views on ACI
Wall Street analysts forecast ACI stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ACI is 22.27 USD with a low forecast of 17.00 USD and a high forecast of 29.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
16 Analyst Rating
10 Buy
5 Hold
1 Sell
Moderate Buy
Current: 18.090
Low
17.00
Averages
22.27
High
29.00
Current: 18.090
Low
17.00
Averages
22.27
High
29.00
About ACI
Albertsons Companies, Inc. is a food and drug retailer in the United States. The Company is engaged in the operation of food and drug retail stores that offer grocery products, general merchandise, health and beauty care products, pharmacy, fuel and other items and services in its stores or through digital channels. It operates approximately 2,257 retail stores with 1,720 in-store pharmacies, 405 associated fuel centers, 22 dedicated distribution centers and 19 manufacturing facilities. The Company operates stores across 35 states and the District of Columbia under 22 banners, including Albertsons, Safeway, Vons, Jewel-Osco, Shaw's, ACME, Tom Thumb, Randalls, United Supermarkets, Pavilions, Star Market, Haggen, Carrs, Kings Food Markets and Balducci's Food Lovers Market. Its own brands include Signature SELECT, Open Nature, Lucerne, Waterfront BISTRO, Signature Reserve and Value Corner, among others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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Contrarian Opportunities: Clark highlights that emotional market conditions often present unique investment opportunities, particularly in sectors that are currently undervalued or overlooked.
See More
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- Low Industry Valuations: Excluding giants like Walmart and Costco, Kroger Company (KR) trades at 12.7x forward earnings estimates, significantly below the S&P 500, indicating a cautious market sentiment reflected in the grocery sector's average valuation of just 11.3x.
- Stagnant Revenue Growth: Over the past five years, revenues at major grocery chains have barely budged, with inflation-adjusted figures showing declines; Kroger's net income margin is projected at only 2.1% for FY 2026, while Albertson's (ACI) is even narrower at 1.4%.
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See More
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- Amazon's Strategic Shift: Amazon's decision to close its Fresh and Go brick-and-mortar stores marks a significant pivot in its grocery strategy, resulting in a more than 1% rise in its stock during midday trading, while rivals Kroger and Albertsons saw declines of about 3%.
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- Debt Restructuring Plan: Albertsons announced the pricing of $1.2 billion in 5.625% senior notes, expected to close on February 2, 2026, which will help optimize the company's capital structure and reduce future interest expenses.
- Clear Use of Proceeds: The proceeds from this offering will be used to redeem $1.35 billion of 4.625% senior notes and $750 million of 5.875% senior notes, which is expected to significantly alleviate the company's debt burden and improve financial flexibility.
- Positive Market Reaction: Following the announcement, Albertsons' stock rose 0.11% in after-hours trading to $17.2, indicating investor approval of the company's debt management strategy.
- Optimistic Long-Term Outlook: This debt restructuring not only allows Albertsons to lower interest expenses but also provides more financial room for future expansion and investments, strengthening its position in the highly competitive grocery market.
See More
Albertsons Companies Prices $1.2 Billion Senior Notes Offering to Refinance Debt
- Offering Size: Albertsons announced a $1.2 billion offering of 5.625% senior notes, expected to close on February 2, 2026, aimed at optimizing its capital structure and reducing financing costs.
- Debt Restructuring Plan: The proceeds from this offering will be used to fully redeem $1.35 billion of 4.625% senior notes and $750 million of 5.875% senior notes, which is expected to significantly alleviate future interest burdens.
- Regulatory Compliance: The notes will be offered to qualified institutional buyers under Rule 144A of the Securities Act of 1933, ensuring compliance with relevant regulations and broadening the investor base.
- Company Background: As of November 2025, Albertsons operates 2,243 retail stores in the U.S., demonstrating its strong influence in the food and drug retail market, and contributed over $435 million in food and financial support to communities in 2024.
See More
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- Symbotic's Automation Edge: Symbotic provides fully autonomous warehouse robots to Walmart, with a single module investment of $50 million potentially saving $250 million over 25 years, and expected revenue and adjusted EBITDA CAGR of 26% and 68% from 2025 to 2027, showcasing robust profitability.
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