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Sendas Distribuidora S.A. (NYSE:ASAI) to Issue Variable Dividend of $0.03

kopsource ·  Dec 28, 2022 12:31

Sendas Distribuidora S.A. (NYSE:ASAI – Get Rating) announced a Variable dividend on Friday, December 23rd, Zacks reports. Stockholders of record on Tuesday, January 3rd will be given a dividend of 0.03 per share on Tuesday, February 28th. The ex-dividend date of this dividend is Friday, December 30th.

Sendas Distribuidora Price Performance

ASAI stock traded down $0.20 on Wednesday, reaching $18.05. 1,447 shares of the company were exchanged, compared to its average volume of 550,281. Sendas Distribuidora has a 12 month low of $9.73 and a 12 month high of $20.53. The stock's fifty day moving average price is $18.42 and its 200 day moving average price is $16.98. The company has a current ratio of 0.91, a quick ratio of 0.46 and a debt-to-equity ratio of 5.10.

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Sendas Distribuidora (NYSE:ASAI – Get Rating) last posted its quarterly earnings data on Thursday, October 20th. The company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.17. The company had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $543.73 million. As a group, equities analysts anticipate that Sendas Distribuidora will post 0.79 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Sendas Distribuidora

Several large investors have recently added to or reduced their stakes in ASAI. Jane Street Group LLC increased its position in shares of Sendas Distribuidora by 184.3% during the third quarter. Jane Street Group LLC now owns 143,018 shares of the company's stock valued at $2,307,000 after purchasing an additional 92,714 shares during the period. Two Sigma Investments LP acquired a new stake in Sendas Distribuidora during the third quarter worth $323,000. BlackRock Inc. increased its holdings in Sendas Distribuidora by 10.7% in the 3rd quarter. BlackRock Inc. now owns 197,142 shares of the company's stock valued at $3,180,000 after buying an additional 19,070 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Sendas Distribuidora by 12.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 146,270 shares of the company's stock valued at $2,359,000 after buying an additional 16,584 shares in the last quarter. Finally, Atlas Capital Advisors LLC acquired a new stake in shares of Sendas Distribuidora during the 2nd quarter valued at about $124,000. Institutional investors and hedge funds own 4.45% of the company's stock.

Sendas Distribuidora Company Profile

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Sendas Distribuidora SA engages in the retail and wholesale sale of food products, bazaar items, and other products in Brazil. As of March 31, 2022, the company operated 216 stores under the Assaí banner, as well as 13 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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