PERNOD RICARD S/ADR (OTCMKTS:PDRDY) Lifted to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of PERNOD RICARD S/ADR (OTCMKTS:PDRDY) from a sell rating to a hold rating in a research report sent to investors on Friday morning, 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 analysts have also issued reports on the stock. ValuEngine lowered shares of PERNOD RICARD S/ADR from a hold rating to a sell rating in a research note 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 research note on Tuesday, September 10th. Finally, Jefferies Financial Group upgraded shares of PERNOD RICARD S/ADR from a hold rating to a buy rating in a research note on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. PERNOD RICARD S/ADR currently has a consensus rating of Hold and a consensus price target of $38.00.

OTCMKTS PDRDY opened at $37.38 on Friday. PERNOD RICARD S/ADR has a 1 year low of $31.09 and a 1 year high of $39.02. 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 has a market cap of $47.96 billion, a price-to-earnings ratio of 26.70, a PEG ratio of 3.33 and a beta of 0.42. The company has a fifty day moving average price of $36.37 and a 200-day moving average price of $36.00.

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