acquisition
These two leading foodmakers continue to improve the quality of their products as consumers demand healthier alternatives. Those changes should spur their earnings, and let them keep raising their dividends.
GENERAL MILLS INC. $59 (New York symbol GIS; Income-Growth Dividend Payer Portfolio, Consumer sector; Shares outstanding: 568.3 million; Market cap: $33.5 billion; Dividend yield: 3.3%; Dividend Sustainability Rating: Highest; www.generalmills.com) is one of the world’s largest food producers....
GENERAL MILLS INC. $59 (New York symbol GIS; Income-Growth Dividend Payer Portfolio, Consumer sector; Shares outstanding: 568.3 million; Market cap: $33.5 billion; Dividend yield: 3.3%; Dividend Sustainability Rating: Highest; www.generalmills.com) is one of the world’s largest food producers....
CANADIAN REIT $46 (Toronto symbol REF.UN; Cyclical-Growth Payer Portfolio; Manufacturing & Industry secotor; Units o/s: 73.4 million; Market cap: $3.4 billion; Dividend yield: 4.1%; Dividend Sustainability Rating: Above Average; www.creit.ca) owns 204 properties across Canada and Chicago, including retail (75), industrial (96), office (17) and residential (1) buildings....
Food and general-merchandise retailer North West has a long history of rising earnings. That’s despite the increased shipping costs associated with its remote northern stores.
The company recently moved to lower its operating costs with the acquisition of a regional airline....
The company recently moved to lower its operating costs with the acquisition of a regional airline....
SHERWIN-WILLIAMS CO. $414 (www.sherwin-williams.com) completed its all-cash acquisition of rival paint maker Valspar Corp. on June 1, 2017. If you include Valspar’s debt, the total price was $11.3 billion. The company expects the purchase will increase its free cash flow (regular cash flow less capital expenditures) from $1.4 billion in 2016 to around $2.0 billion in 2020....
Each of these three small industrial firms has used acquisitions to expand into new markets and regions. While it pays to take a skeptical view of companies that buy other firms to grow, we feel these particular purchases will pay off. Even so, not all of three stocks are now buys....
ALIMENTATION COUCHE-TARD $66.95 (Toronto symbol ATD.B: TSINetwork Rating: Average) (1-800-361- 2612; www.couchetard.com; Shares outstanding: 567.4 million; Market cap: $37.8 billion; Dividend yield: 0.5%) operates 10,869 convenience stores throughout North America and Europe.
In the three months ended October 15, 2017, sales jumped 43.8%, to $12.14 billion from $8.45 billion a year earlier (all figures except share price in U.S....
In the three months ended October 15, 2017, sales jumped 43.8%, to $12.14 billion from $8.45 billion a year earlier (all figures except share price in U.S....
ALAMOS GOLD $8.17 (Toronto symbol AGI; TSINetwork Rating: Speculative) (604-681-2802; www.alamosgold. com; Shares outstanding: 266.3 million; Market cap: $3.2 billion; Dividend yield: 0.3%) owns the Mulatos and El Chanate mines in Mexico, and the Young-Davidson mine in northern Ontario.
The company also has a number of development projects in Turkey, the U.S., Mexico and Canada....
The company also has a number of development projects in Turkey, the U.S., Mexico and Canada....
TOROMONT INDUSTRIES LTD. $55.38 (Toronto symbol TIH; TSINetwork Rating: Extra Risk) (416-667-5511; www.toromont.com; Shares outstanding: 78.3 million; Market cap: $4.5 billion; Dividend yield: 1.4%) distributes a broad range of industrial equipment, including machinery made by Caterpillar Inc....
BROADRIDGE FINANCIAL SOLUTIONS INC. $89 (New York symbol BR; Finance Sector; Shares o/s: 116.6 million; Market cap: $10.4 billion; Takeover Target Rating: Medium; Divd. yield 2.2%; TSINetwork Rating: Average; www.broadridge.com) began trading on April 2, 2007, after it was spun off from New York-listed Automatic Data Processing (symbol ADP).
We recommended the spinoff shortly after that, in the May 2007 issue of our Stock Pickers Digest newsletter at $20.68 a share.
We said then that we thought Broadridge was a pioneer....
We recommended the spinoff shortly after that, in the May 2007 issue of our Stock Pickers Digest newsletter at $20.68 a share.
We said then that we thought Broadridge was a pioneer....
PENTAIR PLC $70 (New York symbol PNR; Manufacturing Sector; Shares outstanding: 181.6 million; Market cap: $12.7 billion; Takeover Target Rating: Medium; Dividend yield 2.0%; TSINetwork Rating: Average; www.pentair. com) is a diversified industrial manufacturing company that sells to businesses in the food, water and energy markets.
On April 28, 2017, Pentair completed the $3.2 billion sale of its Valves & Controls business to Emerson Electric (New York symbol EMR)....
On April 28, 2017, Pentair completed the $3.2 billion sale of its Valves & Controls business to Emerson Electric (New York symbol EMR)....