|Bid||81.22 x 800|
|Ask||81.64 x 800|
|Day's Range||80.66 - 83.35|
|52 Week Range||64.67 - 92.74|
|Beta (3Y Monthly)||1.03|
|PE Ratio (TTM)||16.17|
|Earnings Date||Oct 17, 2019|
|Forward Dividend & Yield||4.56 (5.50%)|
|1y Target Est||96.22|
Philip Morris International continues to transform itself from a cigarette manufacturer to a science and technology-minded company. It recently unveiled a new survey “Unsmoke: Clearing the Way for Change," as it urges smokers to 'rid smoke' from their lives. Jacek Olczak, chief operating officer of Philip Morris International joins Yahoo Finance's The First Trade to discuss.
Aug.20 -- Jacek Olczak, chief operating officer at Philip Morris International, discusses e-cigarettes, the risks for the products, regulations and their “unsmoked” campaign. He speaks on “Bloomberg Markets: European Open.”
(Bloomberg Opinion) -- Big food is salivating over fake meat after the blockbuster initial public offering of Beyond Meat Inc., the leading plant-based protein brand, in May. Traditional producers have rushed into the booming market for meat substitutes, which threaten to take a slice of their business. Tyson Foods Inc. was an early investor in Beyond Meat, but sold its stake before the company’s trading debut and announced its own line of faux meat. Other U.S. companies, such as Smithfield Foods Inc., are introducing alternative protein products. European giants are getting in on the act too, with Nestle SA snapping up California-based Sweet Earth two years ago and Unilever NV buying The Vegetarian Butcher last year.It’s a familiar playbook. The big drinks companies have bought craft brewers. Major cosmetics houses are blending more artisan scents into perfumes. But there’s one segment where the similarities – and potential pitfalls -- are striking: tobacco, which is trying to woo smokers with the products they describe as lower risk, such as electronic cigarettes. Just as the tobacco industry has turned to vaping products to cope with high taxes and declining rates of smoking, big food sees a growing market for meat substitutes as people eat less animal protein and governments slap taxes on their other unhealthy products (and even consider levies on red meat). But traditional food manufacturers eager for vegan profits may struggle with some of the same obstacles tobacco has faced with vaping: adoption and regulation.Just look at Japan. It’s the most developed nation for devices that heat, rather than burn, tobacco, accounting for about 25% of the market. While tech-savvy early adopters were quick to switch to the new devices, older generations were slower to follow suit.Meat substitutes could see a similar trajectory. Analysts at Barclays Plc point out that men drive demand for meat. Convincing them –particularly older generations to switch -- will be crucial. Plant protein substitutes also tend to be more expensive. The premium will need to be whittled away for consumption to be widespread.While there’s no suggestion that fake meat products cause harm in any way – as has been alleged in some cases with vaping – not everyone agrees that they are healthier than animal protein. Chipotle Mexican Grill Inc. said it would not be stocking meat alternatives because they are too processed for the burrito chain. Beyond Meat has hit back at the claims, saying that its products and facilities are more transparent than those in the meat industry. More importantly, faux meat manufacturers will need to keep innovating – and investing – to grow, just as tobacco companies have had to come up with ways to make electronic cigarettes more satisfying for smokers to encourage them to switch. Plant-based protein producers will need to stay one step ahead of the competition with new ingredients, akin to how the market for milk substitutes expanded from soy to embrace soaring demand for nut and oat drinks. Beyond Meat and Nestle’s Sweet Earth use peas for their meatless dishes; Unilever’s The Vegetarian Butcher uses lupine beans to give some meals a fatty, nutty flavor. The possibilities are endless.Yet with innovation comes the risk of alienating consumers and inviting regulation. The magic ingredient at Impossible Foods Inc. – the other big independent plant-based protein maker – is heme, which gives its burgers a bloody meat-like taste. The ingredient is genetically engineered. The U.S. Food and Drug Administration recently found heme to be safe as a color additive, paving the way for sales in supermarkets. But using a genetically-engineered ingredient could turn off the very ethical, health-customers Impossible wants to attract.As big food courts vegans, it will confront pickier consumers than smokers-turned-vapers. Already some are worried about Burger King cooking the Impossible Whopper on the same grill as meat burgers, unless the customer asks for it to be prepared separately.A bigger danger would be if any plant products were found to contain animal traces. Impossible recently partnered with meat processor OSI Group to add more manufacturing capacity and ease supply constraints. It has dedicated capacity at OSI’s facilities, and the production line is not shared with animal-derived products. But it’s a risky move, and one that traditional meat producers going vegan will also have to manage.Like big tobacco, food manufacturers are already confronting challenges to the way they label products. States including Arkansas and Mississippi have banned companies from using the word “burgers” or “dogs” to describe plant-based alternatives. That’s a regulatory breeze compared the crackdown on vaping. In June, San Francisco became the first U.S. city to ban the sale of electronic cigarettes. But it’s still a headwind in what is a nascent industry. While the path of big tobacco highlights some of the challenges facing plant-based protein, there’s one more appetizing similarity. Last year, Altria Group Inc., which owns Philip Morris, took a 35% stake in Juul Labs Inc., the U.S. market-share leader in electronic cigarettes, valuing the company at $38 billion. Beyond Meat is now valued at a staggering $9 billion, almost a third of what food giant Tyson is worth. Such lofty valuations reflect long-term consumer trends. But as the tobacco industry has learned from its foray into alternatives, big food producers shouldn’t assume fake meat is an easy recipe for success. To contact the author of this story: Andrea Felsted at email@example.comTo contact the editor responsible for this story: Stephanie Baker at firstname.lastname@example.orgThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Andrea Felsted is a Bloomberg Opinion columnist covering the consumer and retail industries. She previously worked at the Financial Times.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
India's health ministry has proposed a ban on the production and import of electronic cigarettes, documents seen by Reuters showed, potentially jeopardizing the expansion plans of big firms like Juul Labs and Philip Morris International. The ministry has proposed that the government issue an executive order banning the devices in the public interest, saying it was needed to ensure e-cigarettes don't become an "epidemic" among children and young adults. Health officials are proposing jail terms of up to three years, with a penalty of up to 500,000 rupees ($7,000), for repeat offenders against the new rules, according to a draft of the executive order.
It took them a little while to believe it. But, after assessing what the minutes from the most recent Federal Reserve governors meeting said, investors decided the glass was half full. The S&P 500 ended Wednesday's action at 2924.43, up 0.82%, and in the middle of several moving average lines.Source: Shutterstock Target (NYSE:TGT), incredibly enough, led the charge, rallying more than 20% on the heels of an impressive second-quarter report. Same-store sales grew 3.4%, and e-commerce revenue was up 34%. That's a tremendous win for the retailer, which got a slow start on the digital sales front.Nordstrom (NYSE:JWN) knocked it out of the park too, rallying more than 5% in front of its post-close report, then adding more than 10% in response to its solid quarterly earnings figure. Although sales came up short of expectations, income of 90 cents per share easily topped expectations of only 77 cents.InvestorPlace - Stock Market News, Stock Advice & Trading TipsNot every name was a winner, though. Holding the market back more than most others was Cree (NASDAQ:CREE), and its 16% stumble. Although the chipmaker topped last quarter's sales and profit expectations, investors were horrified of its guidance for the quarter now underway.As Thursday's action gets going, however, it's the stock charts of News Corp (NASDAQ:NWSA), Bank of America (NYSE:BAC) and Philip Morris International (NYSE:PM) that are of the most interest. Philip Morris International (PM)A year ago, Philip Morris International was in real trouble. PM stock was not only trending lower, it plunged April and wasn't acting as if there was any interest in a recovery. Even once the bulls started to test the waters by October, they had the rug pulled out from underneath them. In one fell swoop in December, Philip Morris was deep into new 52-week territory. * 10 Marijuana Stocks That Could See 100% Gains, If Not More Things do seem to have taken a turn for the better in the meantime though. While it has been anything but a straight-line effort, the choppiness has also been net bullish. One more good 'umph' could push PM shares over the hump. Click to Enlarge• It started in March, but that effort buckled until it was renewed in July. That's when Philip Morris broke back above the falling resistance line plotted in red on the weekly chart.• It doesn't look like it on the daily chart, but it's there. All the moving average lines, and the stock itself, are converging to a point that could be setting up an explosive divergence.• Although the undertow is bullish, there's still a significant ceiling ahead. As marked on the weekly chart, in blue, the $92.86 level has capped a couple of rally efforts since late last year. News Corp (NWSA)A week and a half ago, News Corp shares jumped higher, pivoting out of a lull at a point exactly where support would be expected to be found. The move rekindled a big gain in June that shook shares out of a rut and possibly back into an uptrend.That move persisted for a couple more days, albeit at a slower pace, until finally a familiar technical ceiling stopped the effort cold. The subsequent pullback was quelled as well though, with the advance rekindled last week. Although the ceiling remains in place, the odds of punching through this effort improve every day. Click to Enlarge• The technical ceiling is around $14.40, plotted with a yellow line on both stock charts, where shares peaked in November and again earlier this month.• The daily chart of News Corp also makes clear that the white 200-day moving average line and now the blue 20-day moving average line are serving as support, ending selloffs.• As of yesterday, the gray 100-day moving average has moved above the 200-day line, and all four key moving average lines are sloped upward. The underlying momentum is undeniably bullish. Bank of America (BAC)Banks like Bank of America aren't in absolute dire straits, despite the recent rate cut. Though lower rates mean weaker profit margins on lending activity, the economy is reasonably healthy. Banks, including B of A, will be fine.That doesn't mean BAC stock is going to hold up against a near-term bear attack though. A well-established but sinking floor was met again last week, and though traders pushed up and off of it a little bit, it's still within reach of a break below that floor. And, the backdrop is less than encouraging. Click to Enlarge• The support in focus is marked with a red dashed line on both stock charts. It connects most of the major lows since the middle of last year, and is clearly moving lower.• It has been messy on this front since the beginning of the year, we're on the cusp of seeing shorter-term moving average lines slide below longer-term moving averages.• It's only evident on the weekly chart, but it's crystal clear there … there's growing volume behind the recent weakness. The Chaikin line has fallen below the zero level as of last week.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about him at his website jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Marijuana Stocks That Could See 100% Gains, If Not More * 11 Stocks Under $10 to Buy Now * 6 China Stocks to Buy on the Dip The post 3 Big Stock Charts for Thursday: Bank of America, News Corp and Philip Morris appeared first on InvestorPlace.
Altria (MO) stock has lagged the broader market in 2019. On August 17, the CDC noted that it is investigating lung diseases linked to e-cigarette use.
Philip Morris International Inc. (PMI) (PM) today released a white paper titled “Unsmoke: Clearing the Way for Change” based on findings from a major international study conducted for the company by independent research firm Povaddo. There is no question that, while the best choice is to quit cigarettes and nicotine altogether, the reality is that many people don’t. The survey—conducted in 13 countries among adults aged 21 to 74—forms the basis of the paper’s exploration around two core themes: the impact of smoking on personal relationships and the lack of information available about smoke-free products.
The U.S. Food and Drug Administration has proposed that cigarette packs carry graphic new health warnings including pictures and text outlining lesser-known risks of smoking like bladder cancer and diabetes as well as lung cancer. The FDA said the proposed changes, which also drastically increase the size of the warnings, could be the most significant to cigarette labels in more than 35 years. The proposal also applies to cigarette advertisements, and would add 13 new warnings, along with colored pictures that outline the risk of diseases associated with smoking.
Buy Philip Morris stock over Altria, Bernstein says. But with plenty of uncertainty across the tobacco landscape, investors in these stocks may need to be ready for anything.
United States equities are catching a break Tuesday after President Donald Trump blinked and ordered the new 10% tariff on all remaining Chinese imports be delayed to December on certain high-profile items like cell phones and computer monitors. Yes folks, that means Apple (NASDAQ:AAPL) iPhone prices are safe -- for now.Ostensibly, this was done to ensure that measured inflation averages don't rise. This keeps the pressure on the Federal Reserve to consider further interest rate cuts to weaken the dollar and sends stocks higher. * 7 Safe Dividend Stocks for Investors to Buy Right Now That's resulting in a big relief bid in the market, bolstering a number of defensive high-dividend stocks.InvestorPlace - Stock Market News, Stock Advice & Trading TipsHere are four worth a look right now: Dividend Stock to Buy: Philip Morris International (PM)Shares of Philip Morris International (NYSE:PM) were recently upgraded by Barclays analysts who are looking for a $100-per-share price target. While the company has been hurt by the rise of JUUL and other vaping competitors, it is responding with its own smoke-free products such as Marlboro's IQOS and HEETs. PM stock is enjoying a bounce off of its 50-day and 200-day moving averages.The company will next report results Oct. 17 before the bell. Analysts are looking for earnings of $1.37 per share on revenues of roughly $7.7 billion. When the company last reported July 18, earnings of $1.46 per share beat estimates by 13 cents on a 0.3% decline in revenues. The company pays a 5.5% dividend. Altria Group (MO)Altria Group (NYSE:MO) is the parent company of Philip Morris USA and Philip Morris International, the latter of which was spun off in 2008. That move freed Altria of Philip Morris USA's legal and regulatory constraints.MO stock is currently trading near the $46 per-share level, capping a long decline that started in early April. Altria stock has seen a roughly 18% loss from there. * 8 Dividend Aristocrat Stocks to Buy Now No Matter What MO stock pays a near 7% dividend yield. Shares were recently upgraded by Goldman Sachs analysts from neutral to buy, with a $59 price target assigned. The company will next report results Oct. 31 before the bell. Analysts are looking for earnings of $1.14 per share on revenues of $5.3 billion. When the company last reported on July 30, earnings of $1.10 per share matched estimates on a 6.4% rise in revenues. Las Vegas Sands (LVS)Shares of casino operator Las Vegas Sands (NYSE:LVS) are finding their legs near the stock's early June lows around $52, setting up a rally to challenge its 50-day and 200-day moving averages and possibly push LVS stock back towards prior highs in the mid-$60s. Such a move would be worth a gain of around 20% from here.The company will next report results Oct. 23 after the close. Analysts are looking for earnings of 77 cents per share on revenues of $3.3 billion. When the company last reported July 24, earnings of 72 cents per share missed estimates by 7 cents on a 0.9% rise in revenues. The company pays a 5.7% dividend yield. Ford Motor Company (F)Ford Motor Company (NYSE:F) shares are basing near their 200-day moving average, setting up a rally to retest prior highs near $10.25 on the expectation that further interest rate cuts will boost auto affordability and thus demand. The company pays a 6.5% dividend yield.Ford will next report results Oct. 23 after the close. Analysts are looking for earnings of 27 cents per share on revenues of $34.4 billion. When the company last reported July 24, earnings of 28 cents per share missed estimates by 3 cents on a 0.4% rise in revenues.As of this writing, William Roth did not hold any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Real Estate Investments to Ride Out the Current Storm * 7 Marijuana Penny Stocks to Consider for Those Who Can Handle Risk * 7 Safe Dividend Stocks for Investors to Buy Right Now The post 4 Big Dividend Stocks to Buy Now appeared first on InvestorPlace.
Erique and Danny Talk Through The Trade war impacts and recent earrings reports for Ride Sharing Companies Lyft and Uber.
Coke is a highly respected company with a slew of well-known brands, and has paid a solid dividend for decades -- but here are three stocks with a higher yield.
This year, Altria (MO) expects its adjusted EPS to grow 4%–7% year-over-year to $4.15–$4.27. It's investing in product expansion and loyalty programs.
Switzerland scrapped a 1.8 million Swiss franc ($1.8 million) sponsorship deal with Philip Morris International for the country's pavilion at Expo 2020 in Dubai after being widely criticized for taking tobacco money to promote its image abroad. Foreign Minister Ignazio Cassis made the decision so as "not to undermine the primary objective of the Swiss presence in Dubai, which is to convey a positive image of Switzerland", the foreign ministry said in a statement on Tuesday. The World Health Organization (WHO) had criticized the deal for violating agreements it had struck over Expo sponsorships.