Sendas Distribuidora S.A. Announces Variable Dividend of $0.12 (NYSE:ASAI)

Sendas Distribuidora S.A. (NYSE:ASAIGet Rating) announced a Variable dividend on Thursday, April 28th, Zacks reports. Investors of record on Monday, May 9th will be paid a dividend of 0.124 per share on Tuesday, July 5th. The ex-dividend date of this dividend is Friday, May 6th.

ASAI opened at $15.58 on Friday. The stock has a fifty day simple moving average of $15.28 and a two-hundred day simple moving average of $13.56. The company has a current ratio of 1.01, a quick ratio of 0.51 and a debt-to-equity ratio of 4.06. Sendas Distribuidora has a 12-month low of $9.73 and a 12-month high of $18.55.

Several equities analysts have recently weighed in on the company. Zacks Investment Research upgraded Sendas Distribuidora from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a report on Wednesday, April 20th. HSBC raised Sendas Distribuidora from a “hold” rating to a “buy” rating in a research report on Monday, January 24th.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ASAI. Bank of America Corp DE increased its position in shares of Sendas Distribuidora by 13.2% during the second quarter. Bank of America Corp DE now owns 10,144 shares of the company’s stock worth $173,000 after purchasing an additional 1,182 shares in the last quarter. Virtu Financial LLC acquired a new stake in Sendas Distribuidora in the 4th quarter valued at $218,000. Marshall Wace LLP purchased a new position in Sendas Distribuidora in the 4th quarter valued at about $380,000. Cubist Systematic Strategies LLC bought a new position in shares of Sendas Distribuidora during the fourth quarter worth about $463,000. Finally, Citadel Advisors LLC lifted its holdings in Sendas Distribuidora by 197.2% in the third quarter. Citadel Advisors LLC now owns 45,427 shares of the company’s stock worth $792,000 after acquiring an additional 30,143 shares during the last quarter. Institutional investors and hedge funds own 5.22% of the company’s stock.

Sendas Distribuidora Company Profile (Get Rating)

Sendas Distribuidora SA engages in the retail and wholesale sale of food products, bazaar items, and other products in Brazil. As of April 22, 2021, the company operated 185 stores under the Assaí banner, as well as 10 distribution centers. It serves restaurants, pizzerias, snack bars, schools, small businesses, religious institutions, hospitals, hotels, grocery stores, neighborhood supermarkets, and individuals.

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