AllAnalyst Report
logoMorningstarFebruary 07, 2024

Koninklijke Ahold Delhaize N.V.: Ahold Delhaize's Strong Local Positions Should Support Profitable Growth Ahead

Symbols
ADRNY
Sector(s)
Consumer Defensive
Rating
Current Price
$30.01
Fair Value
Economic Moat
Stewardship
Summary

Ahold Delhaize is the product of the July 2016 merger between Netherlands-based Ahold and Belgium's Delhaize, forming one of the largest grocers in the U.S. and a top player in many parts of Europe. The U.S. is the largest market, accounting for over 60% of group sales, with Ahold Delhaize the leading grocer on the Eastern Seaboard. The U.S. store network stretches from Maine to Georgia and includes such banners as Stop & Shop, Giant Carlisle, Giant Landover, Food Lion, Hannaford, and Peapod. The Netherlands, Belgium, and Central and Southeastern Europe

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Analyst Profile

Ioannis Pontikis

Equity Analyst
Ioannis Pontikis, CFA, is an equity analyst for Morningstar Holland BV, a wholly owned subsidiary of Morningstar, Inc. He covers European food retail and food ingredient companies such as Tesco, Carrefour, Associated British Foods, and Chr. Hansen.Before joining Morningstar in 2017, Pontikis spent more than six years at Athens-based value shop SilentSeas, where he worked as a generalist covering small caps and focused on deep-value situations, particularly in companies owning hidden, undervalued assets. Prior to that role, he worked at Nestle as a financial analyst and at Ernst & Young as a consultant.Pontikis holds a bachelor’s degree in business administration from the University of Piraeus and a master’s degree in finance from the London School of Economics. He also holds the Chartered Financial Analyst® designation.