Updating Saputo Inc., Suncor Energy Inc., and Restaurant Brands International Inc.

Article Excerpt

SAPUTO INC. $40 (Toronto symbol SAP; Aggressive Growth Portfolio, Consumer sector; Shares outstanding: 388.7 million; Market cap: $15.5 billion; Price-to-sales ratio: 1.2; Dividend yield: 1.7%; TSINetwork Rating: Average; www.saputo.com) is Canada’s largest producer of dairy products, including milk, butter and cheese. It also operates dairies in the U.S., Australia and Argentina. The company should benefit from the new Trans-Pacific Partnership trade agreement and Ottawa’s move to give Canadian dairy producers greater control over imports from Pacific countries. As a result, Saputo and other dairy processors will receive most of the milk product that enters Canada duty-free under the agreement—instead of most of that product going straight to distributors. That should help offset any increase in competition from U.S. dairy firms because of the new free trade pact between the U.S., Mexico and Canada. Saputo is a hold. SUNCOR ENERGY INC. $41 (Toronto symbol SU; Conservative Growth Portfolio, Resources sector; Shares outstanding: 1.6 billion; Market cap: $65.6 billion; Price-to-sales ratio: 1.7; Dividend yield: 3.5%; TSINetwork Rating: Average; www.suncor.com) is…

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