PDRDF - Pernod Ricard SA

Other OTC - Other OTC Delayed Price. Currency in USD
168.35
-1.10 (-0.65%)
At close: 2:19PM EST
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Previous Close169.45
Open168.35
Bid0.00 x 0
Ask0.00 x 0
Day's Range167.00 - 168.35
52 Week Range148.24 - 174.25
Volume115
Avg. Volume517
Market Cap44.631B
Beta (3Y Monthly)0.43
PE Ratio (TTM)24.33
EPS (TTM)6.92
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend Date2017-11-20
1y Target EstN/A
Trade prices are not sourced from all markets
  • Financial Times2 days ago

    [$$] How Elliott’s activists conquered Europe

    Paul Singer’s Elliott Management is known for its boldness. Notorious for seizing a ship in a dispute with the Argentine government, the activist US hedge fund is now cutting a swath through Europe. In May it turned up at ThyssenKrupp, the German steelmaker.

  • Financial Times3 days ago

    [$$] Pernod Ricard’s third-generation leader faces battle of his life

    On the small Mediterranean island of Bendor that he bought as a family retreat, Paul Ricard, founder of the eponymous French spirits maker, ordered that the stone statue in the port be engraved with a ...

  • Reuters3 days ago

    Pernod Ricard confident on sales growth outlook in U.S

    French drinks group Pernod Ricard , which is being targeted by activist hedge fund Elliott, said on Thursday it was on track to achieve its medium-term goal of mid-single digit sales growth in the United States, which is its top market. Earlier this week, Elliott disclosed a stake of just over 2.5 percent in Pernod Ricard and called on the family-backed company to boost profit margins and improve returns for investors. Elliott also said Pernod had lost market share across key segments of its brand portfolio, but Pernod rebutted this criticism as it held an investor presentation.

  • Reuters4 days ago

    Pernod reiterates it is on track for mid-single digit sales growth in U.S.

    French drinks group Pernod Ricard (PERP.PA), which is being targeted by activist hedge fund Elliott, said on Thursday it was on track to achieve its medium-term goal of mid-single digit sales growth in the United States, which is its top market. Pernod said its medium-term objective remained to stabilise its Absolut vodka brand in the United States while Jameson Irish whiskey will continue to grow at double-digit rates. Pernod's comments were published in slides on its website ahead of a conference call on North America.

  • Reuters4 days ago

    Pernod reiterates it is on track for mid-single digit sales growth in U.S

    French drinks group Pernod Ricard , which is being targeted by activist hedge fund Elliott, said on Thursday it was on track to achieve its medium-term goal of mid-single digit sales growth in the United States, which is its top market. Pernod said its medium-term objective remained to stabilise its Absolut vodka brand in the United States while Jameson Irish whiskey will continue to grow at double-digit rates. Pernod's comments were published in slides on its website ahead of a conference call on North America.

  • Financial Times4 days ago

    [$$] Opinion today: Uncomfortably large index funds

    Silicon Valley isn’t the only place where the dominance of big companies is raising concerns about oligopoly. John Gapper writes in his column that the same situation is arising on the US east coast because ...

  • Financial Times4 days ago

    [$$] Pernod Ricard chief defends family firm from activist

    rejected activist investor Elliott Management’s charge that the group is a perennial under-performer with weak margins, defending his family company as “a beautiful success story” focused on long-term value creation. Alexandre Ricard, who has led the maker of Ballantine whisky and Absolut vodka for nearly four years, is bracing for a fight now that one of America’s most feared activist investors has amassed a stake of more than 2.5 per cent in Pernod Ricard. Pernod has already started cutting costs under an efficiency plan and will invest half of the savings back into the “priority brands”, said Mr Ricard in an exclusive interview with the Financial Times.

  • The Wall Street Journal4 days ago

    [$$] Elliott Takes Big Stake in Pernod, Maker of Absolut, Chivas Regal

    Activist hedge fund Elliott Management Corp. has built a €1 billion ($1.13 billion) stake in Pernod Ricard, calling on the owner of Chivas Regal whisky and Absolut vodka to shake up management and boost profit margins. The hedge fund said Pernod has lost market share across various segments, including vodka, gin and some types of whisky, and has “significant room for improvement.” While its sales have grown steadily for years, margin growth has stagnated, leaving Pernod’s operating margins 5 percentage points below those of rival Diageo PLC, the fund said. Elliott will press Pernod to set more ambitious targets for cutting costs by centralizing more functions and raising revenue to improve margins, while adding new talent from the outside, according to a person familiar with the matter.

  • Reuters4 days ago

    Activist fund Elliott set to shake up drinks giant Pernod

    LONDON/PARIS (Reuters) - Elliott Management has built up a stake in Pernod Ricard and called on the family-backed French drinks company to boost profit margins and improve returns for investors. Elliott said on Wednesday its stake in Pernod Ricard was just over 2.5 percent, its first holding in a French blue-chip, worth around 930 million euros ($1.05 billion). The fund also said it had met Pernod Chairman and CEO Alexandre Ricard to discuss the way ahead.

  • Reuters4 days ago

    Activist fund Elliott set to shake up drinks giant Pernod

    LONDON/PARIS, Dec 12 (Reuters) - Elliott Management has built up a stake in Pernod Ricard and called on the family-backed French drinks company to boost profit margins and improve returns for investors. Elliott said on Wednesday its stake in Pernod Ricard was just over 2.5 percent, its first holding in a French blue-chip, worth around 930 million euros ($1.05 billion). The fund also said it had met Pernod Chairman and CEO Alexandre Ricard to discuss the way ahead.

  • Singer’s Elliott Pounces on World’s Second-Largest Distiller
    Bloomberg4 days ago

    Singer’s Elliott Pounces on World’s Second-Largest Distiller

    The activist firm wants the French company to lift profit margins at least to rival Diageo Plc’s levels, saving 500 million euros ($567 million) a year by eliminating back-office duplication, cutting jobs in France and the U.S. and other measures, people familiar with the situation said. The announcement comes just days after people familiar with the situation said the firm accumulated a stake in Germany’s Bayer AG to press management to consider a split. Pernod Ricard offers one of the industry’s most attractive investment opportunities because its “inadequate corporate governance and a lack of outside perspectives” have led to lackluster performance, Elliott said.

  • The Wall Street Journal4 days ago

    [$$] Elliott Can't Pick a Fight With Pernod Ricard

    ’s fund has built a $1.1 billion stake in the owner of Jameson Whiskey and Absolut Vodka. Pernod is no basket case. Its sales increased 10% in the latest quarter versus the comparable quarter of 2017, stripping out currency and portfolio changes--better than Diageo managed.

  • Hey Elliott, Guinness Is Good for You
    Bloomberg4 days ago

    Hey Elliott, Guinness Is Good for You

    If Elliott wants to shake up a drinks group, Diageo Plc is a better candidate. The activist’s argument for Pernod is that its revenue growth isn't being matched by a sufficient uplift in profit. Consequently, the operating margin is 5 percentage points short of Diageo's.

  • Activist fund Elliott set to shake up drinks giant Pernod
    Reuters4 days ago

    Activist fund Elliott set to shake up drinks giant Pernod

    LONDON/PARIS (Reuters) - Elliott Management has taken a stake in Pernod Ricard (PERP.PA) and wants the family-backed French drinks company to try to improve its performance via cost cuts and a potential merger with a rival. Elliott said on Wednesday its stake in Pernod Ricard was just over 2.5 percent, its first holding in a French blue-chip, worth around 930 million euros (837.2 million pounds). The fund also said it had met Pernod Chairman and CEO Alexandre Ricard to discuss the way ahead.

  • Financial Times5 days ago

    [$$] Hedge fund Elliott builds €1bn stake in Pernod Ricard

    in an attempt to push the French drinks group to improve margins and corporate governance that drew a frosty response from the French government. Shares in Pernod, the world’s second-biggest spirits group, closed 5.9 per cent higher after Elliott chose to reveal it had amassed a stake of more than 2.5 per cent, now worth about €1bn.

  • Financial Times5 days ago

    [$$] Pernod/Elliott: the naked truth

    What do you call a man in a bad suit who is campaigning for better returns from French big business? An American. So quips one Parisienne, hearing news that Elliott, the world’s most powerful activist ...

  • Reuters25 days ago

    Pernod Ricard says needs time to assess impact of legal cannabis

    Pernod Ricard needs 12-18 months before it can determine whether the legalisation of cannabis will dent the consumption of premium spirits, the company's chief executive said on Wednesday. "To date there is no evidence that the legalisation of cannabis will have an impact on the consumption of premium spirits. Eight U.S. states, including California and Nevada, have legalised marijuana for recreational use, and Canada became the first industrialised nation to legalise recreational cannabis last month.

  • Reuters25 days ago

    Pernod Ricard eyes 12-18 months to assess cannabis legislation impact

    The head of Pernod Ricard said on Thursday it will take 12-18 months before the French spirits group can assess whether the legalisation of cannabis will impact the consumption of premium spirits. "To date there is no evidence that the legalisation of cannabis will have an impact on the consumption of premium spirits. Eight U.S. states, including California and Nevada, have legalised marijuana for recreational use.

  • Pernod Ricard cautions of slower growth after stellar quarter
    Reuters2 months ago

    Pernod Ricard cautions of slower growth after stellar quarter

    Demand in China and India powered a 10.4 percent rise in quarterly sales for France's Pernod Ricard, helping the maker of Absolut vodka and Martell cognac offset slower progress in its main U.S. market. Pernod, the world's second-biggest spirits group behind Britain's Diageo, however cautioned sales growth would moderate in the full 2018-19 financial year, notably for Martell cognac in China after a stellar first quarter. Chief Executive Alexandre Ricard told Reuters his group was closely monitoring trade tensions between the United States and China, although the company had yet not seen any impact from it on demand for its products in China.

  • Reuters2 months ago

    Pernod CEO says company has made Brexit 'no-deal' contingency plans

    The head of Pernod Ricard (PERP.PA) told Reuters on Thursday that the French spirits group had made contingency plans to prepare for a 'no-deal' Brexit scenario, which could entail forward-shipping. CEO Alexandre Ricard said in an interview that Pernod, similar to other companies, wanted "visibility" and had made contingency plans regarding Britain's exit from the European Union. Asked if on the logistics front, these plans could entail shipping gin or whisky from the UK in advance, he replied "Yes" but added Pernod had not started to do so.

  • The Wall Street Journal2 months ago

    [$$] Pernod Ricard Sales Boosted by Asia

    SA (RI.FR) said Thursday that its sales were boosted by its performance in Asia during the first quarter of the fiscal year ending in June, and that it expects sales growth to moderate for the full year. Pernod had sales of 2.39 billion euros ($2.76 billion) representing just over 10% of organic growth, beating a consensus forecast of 7.1% organic growth provided by FactSet. Sales growth was driven by the Asia-Rest of the World region, where Pernod posted 23% sales growth.

  • Pernod Ricard CEO on Selling an Experience
    Bloomberg3 months ago

    Pernod Ricard CEO on Selling an Experience

    Pernod Ricard Chairman and CEO Alexandre Ricard discusses the importance of not only selling a brand, but selling an experience. (Source: Bloomberg)

  • Should Pernod Ricard SA (EPA:RI) Be Part Of Your Dividend Portfolio?
    Simply Wall St.3 months ago

    Should Pernod Ricard SA (EPA:RI) Be Part Of Your Dividend Portfolio?

    Dividends can be underrated but they form a large part of investment returns, playing an important role in compounding returns in the long run. Historically, Pernod Ricard SA (EPA:RI) hasRead More...

  • TheStreet.com3 months ago

    Pernod Ricard CEO on Liquor, Tariffs and Cannabis

    Pernod Ricard is a behemoth of a spirits company. Chairman and CEO Alexandre Ricard talks with TheStreet about the biggest trends in his business.