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Recent Articles
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Phillips 66’s 2027 Strategic Priorities Look Achievable
Aug 18, 2025
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Image Source: Phillips 66.
At the end of the quarter, Phillips 66 had $1.1 billion of cash and cash equivalents on the books and $3.7 billion of committed capacity available under credit facilities. The company ended the quarter with $20.9 billion in total debt, and a net debt-to-capital ratio of 41%. On the call, management noted that it was on track to achieve the $4.5 billion annual EBITDA target in Midstream by 2027. Also by that year, Phillips 66 expects to see its adjusted cost per barrel number below $5.50 per barrel on an annual basis. We like Phillips 66’s 2027 strategic priorities, especially in that it targets a “secure, competitive & growing dividend.” Shares yield 3.9% at the time of this writing.
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Cisco Systems Reports Strong Fiscal Fourth Quarter
Aug 17, 2025
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Image Source: TradingView.
For all of fiscal 2026, Cisco is targeting revenue in the range of $59-$60 billion, and non-GAAP earnings per share of $4.00-$4.06, in-line with consensus. Cisco ended the quarter with $16.1 billion of cash and investments on its books and $28.1 billion in short- and long-term debt. We continue to like Cisco and the momentum behind its AI Infrastructure orders. The company remains a holding in the newsletter portfolios. Shares yield 2.5% at the time of this writing.
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Dividend Increases/Decreases for the Week of August 15
Aug 15, 2025
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Let's take a look at firms raising/lowering their dividends this week.
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McDonald’s Returns to Positive Comparable Sales Growth
Aug 13, 2025
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Image Source: Valuentum.
Looking to all of 2025, McDonald’s is targeting a full year adjusted operating margin in the mid-to-high 40% range, above the 46.3% adjusted operating margin in 2024. McDonald’s remains on pace to open approximately 2,200 restaurants globally this year (1,800 net). We liked McDonald’s return to positive comp growth in the second quarter, but we no longer include the idea in any newsletter portfolios.
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