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But eventually, they have to raise prices, or they will lose money. Wages have risen, but inflation, especially in some key grocery items, has risen more. Stock prices today are buying potential future earnings, not just past ones, Chambers said. If you invested $1,000 at the high of $45.20 (03/01/2016) you would have $923.67 as of the current $41.75 Evaluation. As one of the largest employee-owned grocers in the U.S., Publix employs more than 225,000 associates at its nearly 1,300 locations and is continuing its expansion in the Carolinas and . Unfortunately, the stock market continues to be a challenge, but I could not be more proud of Publixs response to Hurricane Ian, Publix CEO Todd Jones said in the companys prepared statement. The most recent two splits were 5 for 1 splits in 1992 and in 2006. Search Results for Findarticles . Publix, stop SANDBAGGING and do a stock-split! : r/publix - reddit For each share of stock a shareholder owns, they will receive four additional shares issued from the stock split in book entry form as an electronic certificate(s). The stock split was effective as of the close of business on April 14. And so, you know, that means all companies are contributing to that downward [trajectory] and so the grocery sector would be no different than others. Shareholders should keep existing paper stock certificates. Every store I go in is understaffed and the employees are miserable. Pubixs SEC filings also show the year-to-date results as of the third quarter. With inflation, consumers are likely to trade down at the supermarket more than they would have six or 12 months ago before inflation rates shot up. Subscribe to our free Business by the Bay newsletter. This story originally appeared in The Ledger. Publix stock price by May 2019 will be around $32.00-$37.00, the industry of core grocery stores will continue to suffer and valuations will be priced into the stock price, Kroger is around $24.70 a share and 855 million shares outstanding with a market value of $21 Billion , and sales of $122 Billions, and is even worse for the entire peer and . The filings are available at corporate.publix.com/stock. I don't see a split for years, if ever. Reddit and its partners use cookies and similar technologies to provide you with a better experience. I have my own 35 year financial report. Third-quarter sales climb at Publix, but the stock market remains a Home Depot, Costco, etc, are already going down on expectations. Stock won't split until value is AT LEAST $50, though in this era, not until maybe $60 is my guess. As future earnings go up, you would expect the stock price to go up. The ability of Publix to keep raising in-store prices to produce the same increase in earnings as in the recent past may be waning and reflected in muted grocery store stock prices.. 1:06. Create an account to follow your favorite communities and start taking part in conversations. You should have already received your dividend on 2/1/2021 it is still .32 per share it should jump to .34 in the next quarter.