molson coors
Toronto symbol TPX.A, Toronto symbol TPX.B and New York symbol TAP, is the world’s fifth-largest brewer by volume. It operates mainly in the United States, Canada and Europe.
Molson Coors Canada Inc. is just a hold for now due to headwinds including tariffs that offset the solid 3.7% dividend and cheap valuation.
Molson Coors offers a solid yield at a cheap valuation but the low-price reflects skepticism about growth even as it diversifies away from beer.
Molson Coors Canada now yields 3.1% while earnings rise on cost-cutting, but its growth prospects are challenging.
DEFINITY FINANCIAL CORP., $54.14, symbol DFY on Toronto, is the name for the holding company of Economical Insurance, Family Insurance Solutions, Petline Insurance, and Sonnet Insurance. It is one of the country’s leading property and casualty insurance companies.
Definity was created as part of Economical Insurance’s demutualization plan to convert from a mutual insurance company owned by its policyholders to a company owned by shareholders.
On November 17, 2021, the holding company went public, selling shares of its stock at $22 each.
At the same time as its IPO, Definity closed private share placements with HOOPP (Healthcare of Ontario Pension Plan) and Swiss Re Investments Holding Company....
Definity was created as part of Economical Insurance’s demutualization plan to convert from a mutual insurance company owned by its policyholders to a company owned by shareholders.
On November 17, 2021, the holding company went public, selling shares of its stock at $22 each.
At the same time as its IPO, Definity closed private share placements with HOOPP (Healthcare of Ontario Pension Plan) and Swiss Re Investments Holding Company....
Ball Corp. keeps growing earnings despite a recent revenue drop as it uses a recent asset sale to pay down debt, buy back shares and invest in core initiatives.
Concerns remain about competition despite Molson Coors offering a decent yield and a share buyback program to bolster rising revenues and earnings.
A: Ball Corp., $57.92, symbol BALL on New York (Shares outstanding: 315.3 million; Market cap: $18.1 billion; www.ball.com), makes metal packaging for the beverage, food and consumer-products industries....
BLOOMIN’ BRANDS INC., $26.75, symbol BLMN on Nasdaq, owns and franchises more than 1,475 restaurants in 47 states and 13 countries. Its restaurant brands include Outback Steakhouse, Carrabba’s Italian Grill and Bonefish Grill. The Tampa Bay, Florida-based company owns about 80% of those restaurants, with the rest franchised.
On August 18, 2023, activist investor Starboard Value filed documents with the U.S....
On August 18, 2023, activist investor Starboard Value filed documents with the U.S....
ROYAL BANK OF CANADA $129 (www.rbc.com) is a buy. In November 2022, the bank agreed to pay $13.5 billion in cash for the Canadian operations of U.K.-based HSBC Holdings plc (New York symbol HSBC)....
These two Consumer sector leaders continue to do a good job coping with rising operating costs. However, Loblaw is in a better position than Molson Coors to pass along those higher costs to customers.
LOBLAW COMPANIES LTD. $128 is a buy. The company (Toronto symbol L; Conservative-Growth Dividend Payer Portfolio, Consumer sector; Shares outstanding: 322.8 million; Market cap: $41.3 billion; Dividend yield: 1.3%; Dividend Sustainability Rating: Highest; www.loblaw.ca) operates 1,098 supermarkets under several banners, including Loblaws, Zehrs, Provigo, Real Canadian Superstore and No Frills....
LOBLAW COMPANIES LTD. $128 is a buy. The company (Toronto symbol L; Conservative-Growth Dividend Payer Portfolio, Consumer sector; Shares outstanding: 322.8 million; Market cap: $41.3 billion; Dividend yield: 1.3%; Dividend Sustainability Rating: Highest; www.loblaw.ca) operates 1,098 supermarkets under several banners, including Loblaws, Zehrs, Provigo, Real Canadian Superstore and No Frills....