Colgate-Palmolive stock (NYSE: CL) has gained 40% in value since early January 2023 – jumping from levels of around $75 then to over $105 now – vs. an increase of about 45% for the S&P 500 over this period.
CL has witnessed consistent growth, with the stock reaching a new 52-week high. Leadership in the oral care market and innovations bolster its performance.
Colgate-Palmolive Company (NYSE:CL ) Barclays 17th Annual Global Consumer Staples Conference September 4, 2024 10:30 AM ET Company Participants Noel Wallace - Chief Executive Officer Conference Call Participants Lauren Lieberman - Barclays Lauren Lieberman We're going to get started. Next up this morning, I'm pleased to welcome Colgate-Palmolive's CEO, Noel Wallace, to the stage.
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Colgate's (CL) margins benefit from robust pricing and funding-the-growth and other productivity initiatives.
Colgate-Palmolive operates globally with a strong presence in over 200 countries, deriving two-thirds of revenue from non-US markets. The Company is a member of the Dividend Kings group, offering reliable dividend income, which grew consecutively for 60 years. Strong organic growth in primary segments (partially offset by FX fluctuations), with profitable operations and solid margins ensuring shareholder rewards.
Although the market may have hit a calm relative to the wild volatility witnessed earlier this month, we may not be out of the woods yet. Sure, the CBOE Volatility Index or the VIX has come down significantly from its earlier highs.
Buying dividend stocks has proven to be a superior investing strategy. Because dividend payers tend to be large, successful businesses, they can better withstand the winds of market turmoil.
Consumer staple stocks like Colgate-Palmolive Company (CL), Kimberly-Clark Corporation (KMB), The Coca-Cola Company (KO) and Philip Morris International Inc. (PM) are a safe bet during times of market volatility.
Colgate-Palmolive Company has good growth prospects with revenue growth expected from price increases, especially in emerging markets and Hills Pet Nutrition business. The company's margins should benefit from a favorable price/cost environment, volume leverage, and cost-saving initiatives, leading to continued growth and a healthy dividend yield. Despite a 30% stock price increase, Colgate's strong earnings growth and potential for further upside make it a buy with high single-digit EPS growth expected.
Colgate-Palmolive (CL) could produce exceptional returns because of its solid growth attributes.
Here is how Colgate-Palmolive (CL) and Ollie's Bargain Outlet (OLLI) have performed compared to their sector so far this year.