Is Alimentation Couche-Tard (TSX:ATD) A Good Buy?

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 Summary

  • Stocks of Canadian retail chain Alimentation Couche-Tard (TSX:ATD.B) are on the move.
  • Its trending stock was up 0.24 per cent at the time of writing this (10.30AM EST) on Monday, March 8, and reflected a growth of nearly 12 per cent since its pandemic triggered lows of April last year.
  • Alimentation Couche-Tard also pays a quarterly dividend of C$ 0.087, which has a dividend yield* of 0.843 per cent at the moment.

 

Stocks of Canadian retail chain Alimentation Couche-Tard (TSX:ATD.B) are on the move. The spike comes after the company said last week that it will announce its fiscal 2201 third quarter financial results on March 17.

With it seemingly stirring interest among investors, let’s look into Alimentation Couche-Tard’s latest stock and financial performance.

Alimentation Couche-Tard Stock Performance

Alimentation Couche-Tard saw its trending stock climb by about one per cent at the time of writing this (11.00AM EST) on Monday, March 8. It reflected a growth of nearly 12 per cent since its pandemic triggered lows of April last year. While the stock is currently in the negative on its year-to-date and three-month levels, it posts a return on equity* (ROE) of 25.66 per cent and a return on assets* (ROE) of 10.65 per cent.

Alimentation Couche-Tard also pays a quarterly dividend of C$ 0.087, which has a dividend yield* of 0.843 per cent at the moment. Couche-Tard’s dividends saw a substantial growth of nearly 14 per cent in the last three years and of almost 19 per cent in the past five years’ time.

Holding a market cap* cap of over C$ 34 billion at the moment, Couche-Tard has a 30-day average share trading volume of nearly three million.

©Kalkine Group 2021

Alimentation Couche-Tard’s Latest Financials

Poised to release its 2021 third quarter results this month, Couche-Tard posted net earnings of about C$ 727 million in the second fiscal quarter of 2021, up from that of nearly C$ 577 in Q2 FY20.

Couche-Tard made headlines earlier this year with reports of its plans to purchase French retailer Carrefour. However, the proposed US$ 20 billion deal ultimately fell through after the French government rejected it on the basis of food-security concerns.

*as per the data on TMX portal 

The above constitutes a preliminary view and any interest in stocks should be evaluated further from investment point of view.

 

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