According to Zacks, Sendas Distribuidora S.A. (NYSE: ASAI) distributed a variable dividend to its shareholders on December 23. Stockholders who had their shares on record as of January 3 will be eligible to receive dividend payments on February 28 of $0.03 per share. These payments will be made to stockholders who had their shares on record as of January 3. The dividend will be withheld from shareholder accounts beginning Friday, December 30.
On Thursday, October 20, the most recent quarterly earnings report for Sendas Distribuidora (NYSE: ASAI) was made public for investors to view. The company’s earnings per share for the quarter came in at $0.20, which was $0.17 more than the average prediction of $0.03 per share for earnings per share. Despite predictions made by analysts that the company would only bring in $543.73 million in sales during the period, the business successfully generated $2.64 billion in revenue during the period in question. Sendas Distribuidora is expected to generate $0.79 per share this year, as stated by the researchers’ projections.
The percentage of stocks that hedge funds and other types of institutional investors hold in their portfolios has been a topic of discussion among many of these investors in recent months. The value of Jane Street Group LLC’s interests in Sendas Distribuidora increased by 184.3% during the third quarter compared to the previous quarter. Following the acquisition of 92,714 shares during the most recent quarter, Jane Street Group LLC now directly owns 143,018 shares of the company’s stock, which has a value of $2,307,000. This brings the total number of shares directly owned by the company to 143,018. Renaissance Group LLC invested in Sendas Distribuidora for $1,583,000 during the first three months of the year to acquire a new interest in the company. Renaissance Technologies LLC acquired an additional 45.1% of the shares in Sendas Distribuidora over the second quarter. Following the acquisition of an additional 91,300 shares during the preceding quarter, Renaissance Technologies LLC now possesses 293,700 shares of the company’s stock, collectively valued at a sum equal to $3,991,000. Through the first three months of 2018, UBS Group AG achieved a 25.5% increase in the proportion of Sendas Distribuidora stock it owned. UBS Group AG now has 345,455 shares of the company’s stock, valued at a combined total of $5,935,000, after purchasing an additional 70,167 shares during the preceding quarter. This brings the total number of shares owned by the company to 345,455. And last but not least, during the first three months of this year, Raymond James & Associates made a brand new investment in Sendas Distribuidora for $584,000. Institutional investors and hedge funds own the company’s shares to 4.45%.
The trading session at noon on Wednesday saw a decrease of $0.20 in the shares of Sendas Distribuidora, which resulted in the price reaching $18.05. Only 1,447 of the company’s shares were traded during the day, a significantly lower volume than the average daily volume of 550,281. A debt-to-equity ratio comes in at 5.10; a quick ratio comes in at 0.46; a current ratio comes in at 0.91; and a quick ratio comes in at 0.46. The moving average price of the company over the past 200 days is $16.98, and the moving average price over the last 50 days is $18.42. The price of Sendas Distribuidora has ranged from $9.73 to $20.53 over the past 52 weeks.
Sendas Distribuidora SA is a Brazilian company that deals in the retail and wholesale distribution of a wide variety of goods, including food, bazaar goods, and other commodities. They also deal in the import and export of these goods. As of March 31, 2022, the company operated 216 stores under the Assa brand and 13 distribution centers. Customers in restaurants, pizzerias, snack bars, schools, small businesses, religious groups, hospitals, hotels, grocery stores, and community grocery stores are among those who receive service. Also included in this group are those who shop at grocery stores.