Here is how Philip Morris (PM) and Pilgrim's Pride (PPC) have performed compared to their sector so far this year.
Tobacco giant Philip Morris International Inc. PM invested $232 million to expand its Kentucky facility.
Philip Morris is entering the US market, poised to capture significant market share in smoke-free products, challenging Altria and British American Tobacco. PM's strong focus on smoke-free products, with 38% of revenue from SFPs, positions it as a leader in the industry's future. Despite lower dividends compared to competitors, PM's total return and growth potential make it a compelling investment.
PM sells Vectura Group to Molex Asia Holdings amid criticism of its ownership as it seeks to shift from tobacco to healthcare.
Philip Morris is poised for success, bolstered by its robust momentum, commitment to innovative smoke-free solutions and ability to drive profitability.
Philip Morris International is one of the new large positions in Stanley Druckenmiller's family office portfolio. The company is set to grow earnings with the growth of its new-age nicotine product portfolio.
PM sells Vectura Group to Molex Asia Holdings amid criticism of its ownership as it seeks to shift from tobacco to healthcare.
Marlboro maker Philip Morris International's unit Vectura Fertin Pharma said on Tuesday it would sell its subsidiary Vectura Group to Molex Asia Holdings for 150 million pounds ($198.09 million).
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Philip Morris boasts a $200 billion market cap, a 4%+ dividend yield, and a strong asset portfolio, supporting future shareholder returns. The company achieved 3% shipment volume growth, a 10% net revenue increase, and robust smoke-free product growth, enhancing its financial performance. Smoke-free products like IQOS and Zyn show significant market share and growth, offsetting weaknesses in the combustible business.
Does Philip Morris (PM) have what it takes to be a top stock pick for momentum investors? Let's find out.