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Recent Articles
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PepsiCo Adjusts Organic Revenue Growth Guidance
Jul 11, 2024
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Image: PepsiCo’s shares have been choppy since the beginning of 2022.
We’re not reading too much into PepsiCo's modest downward organic revenue growth guidance revision for 2024 (approximated 4% versus at least 4%), as the firm's underlying profitability remains strong, with expectations for at least 8% core constant currency expansion in 2024. Total cash returns to shareholders is targeted at $8.2 billion for 2024, consisting of dividends of $7.2 billion and share repurchases of $1 billion. For the 24 weeks ended June 15, PepsiCo had negative free cash flow, while it retained a hefty net debt position on the balance sheet. Though PepsiCo is not a net-cash-rich, free cash flow generating powerhouse, we like the diversification benefits it provides in the Best Ideas Newsletter portfolio.
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3 High Dividend Yielders for Consideration
Jul 8, 2024
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Image: Energy Transfer, Philip Morris, and Altria have outperformed the SPDR S&P 500 Dividend ETF since the beginning of 2024.
The market remains laser-focused on inflation readings and employment trends – two of the main dynamics that influence policy at the Federal Reserve. Since the beginning of 2024, the market has ratcheted down expectations of rate cuts from as many as 5 or 6 to just 1 or 2 in 2024. With yields on risk-free instruments poised to go lower soon, a focus on high yielding equities may be appropriate for the income investor. Here are three high dividend yielders that we like for consideration.
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Latest Report Updates
Jul 7, 2024
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Check out the latest report updates on the website.
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Constellation Brands’ Beer Business Continues to Propel Results
Jul 6, 2024
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Image Source: Constellation Brands.
On July 3, alcoholic beverages giant Constellation Brands reported mixed first quarter fiscal 2025 results, where revenue came in a bit light relative to expectations, but non-GAAP earnings per share was better than the consensus forecast. Comparable net sales increased 6%, while comparable operating income jumped 12%. Comparable earnings per share advanced 17%, to $3.57. Shares yield ~1.6% at the time of this writing.
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