Three key updates to spur your success

Article Excerpt

MOLSON COORS CANADA INC. remains a hold. The company (Toronto symbols TPX.A $74 and TPX.B $71; Conservative Growth and Income Portfolios, Consumer sector; Shares outstanding: 216.7 million; Market cap: $15.5 billion; Price-to-sales ratio: 1.1; Dividend yield: 2.8%; TSINetwork Rating: Average; www.molsoncoors.com) is the world’s fifth-largest beer brewer. The company has now settled an 11-week strike at its brewery in Longueuil, Quebec. That will let it avoid shortages in that province during the important summer months. For all of 2022, Molson expects sales will rise 5%. However, rising ingredient, labour and other costs will probably cut its earnings by 6% to $3.91 U.S. a share. The B shares trade at 13.9 times that forecast. The $1.52 U.S. dividend yields a solid 2.8%. Molson Coors is a hold. IGM FINANCIAL INC. $35 is a buy. The company (Toronto symbol IGM; Conservative Growth Portfolio, Finance sector; Shares outstanding: 239.7 million; Market cap: $8.4 billion; Price-to-sales ratio: 2.3; Dividend yield: 6.4%; TSINetwork Rating: Above Average; www.igmfinancial.com) is Canada’s largest independent mutual-fund provider. Power Corp…

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