PERNOD RICARD S/ADR (OTCMKTS:PDRDY) Stock Rating Lowered by Zacks Investment Research

Zacks Investment Research cut shares of PERNOD RICARD S/ADR (OTCMKTS:PDRDY) from a hold rating to a sell rating in a research report sent to investors on Wednesday, reports.

According to Zacks, “Pernod Ricard SA, based in France, operates as a manufacturer and seller of a wide range of wines and spirits. The company operates as holding company, with the structure divided between brand owner subsidiaries, such as The Absolut Company, Havana Club International and Chivas Brothers, which produce and develop marketing strategies for the brands, and regional distribution subsidiaries, such as Pernod Ricard Europe, Pernod Ricard Americas and Pernod Ricard Asia, which implement marketing strategies and distribute local brands. The Company is active in eight principal beverage sectors: whiskies, aniseed spirits, liqueurs, cognacs and brandies, white spirits and rums, bitters, champagnes and wines. Pernod Ricard SA’s flagship brands include Ricard, Havana Club, Ballantine’s, Malibu, Martell, The Glenlivet, Chivas Regal, Jameson and Absolut Vodka, among others. “

Several other research analysts have also weighed in on the stock. Jefferies Financial Group upgraded shares of PERNOD RICARD S/ADR from a hold rating to a buy rating in a report on Wednesday, October 2nd. Sanford C. Bernstein upgraded shares of PERNOD RICARD S/ADR from an underperform rating to a market perform rating in a report on Tuesday, September 10th. Finally, ValuEngine lowered shares of PERNOD RICARD S/ADR from a hold rating to a sell rating in a report on Wednesday, October 2nd. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and an average price target of $38.00.

OTCMKTS:PDRDY traded up $0.28 on Wednesday, reaching $35.40. The stock had a trading volume of 35,515 shares, compared to its average volume of 55,680. The company has a market cap of $46.30 billion, a price-to-earnings ratio of 25.09, a P/E/G ratio of 3.22 and a beta of 0.41. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.79 and a quick ratio of 0.56. The firm’s fifty day moving average is $36.78 and its two-hundred day moving average is $35.95. PERNOD RICARD S/ADR has a 12-month low of $29.61 and a 12-month high of $39.02.

The business also recently disclosed a Semi-Annual dividend, which will be paid on Thursday, December 12th. Stockholders of record on Friday, November 22nd will be issued a dividend of $0.308 per share. This is a positive change from PERNOD RICARD S/ADR’s previous Semi-Annual dividend of $0.22. The ex-dividend date of this dividend is Thursday, November 21st. PERNOD RICARD S/ADR’s dividend payout ratio is presently 26.43%.


Pernod Ricard SA produces and sells beers, wines, and spirits in the Americas, Europe, Asia, and internationally. Its principal brands include Absolut, Ballantine's, Beefeater, Chivas Regal, Kahlúa, Malibu, Martell, and Brancott Estate. The company was founded in 1805 and is headquartered in Paris, France.

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