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Recent Articles
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Mondelez Expects Organic Growth to Slow in 2024
Apr 1, 2024
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Image Source: Mondelez.
Looking ahead to 2024, Mondelez expects organic net revenue growth of 3%-5%, high-single-digit adjusted earnings per share on a constant currency basis, and the company is looking to haul in free cash flow greater than $3.5 billion. The organic revenue growth outlook for 2024 is meaningfully below the 14.7% mark it put up in 2023, with management pointing to geopolitical uncertainty as the cause. Nonetheless, we’re huge fans of Mondelez’s collection of valuable brands, and its ~2.4% dividend yield is worth a look.
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Toll Brothers Notes Strong Start to Spring Selling Season
Mar 31, 2024
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Toll Brothers raised its full-year fiscal 2024 guidance across key metrics, and the company noted that it has seen a "marked increase in demand coinciding with the start of the spring selling season." Though we don’t include any homebuilder in the simulated newsletter portfolios, it’s good to see things are progressing well at Toll Brothers.
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Broadcom a Key Beneficiary of AI Investment
Mar 31, 2024
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Broadcom recently reported better than expected first-quarter results for fiscal 2024. During the quarter, the company generated cash flow from operations of $4.8 billion and spent just $122 million in capital equipment, translating into tremendous free cash flow generation, well in excess of the $2.4 billion it paid in dividends in the quarter. We see Broadcom as a key beneficiary of AI investment and are keeping a close eye on the firm.
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General Mills Doing a Lot of Things Right, Shares Yield ~3.4%
Mar 30, 2024
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Image Source: General Mills.
General Mills has a long history, and the company’s ESG standards are admirable. Management is committed to the concept that the G in General Mills stands for “Good.” In 2022, for example, 29 million meals were enabled by donations of General Mills food across the globe. Roughly 87% of renewable energy was sourced for its global operations, while 92% of the company’s packaging is recyclable or reusable, as measured by weight. As for people, 50% of its Board of Directors are women, while 33% are ethnically diverse. During 2022, $90 million was contributed to charities by the company and its Foundation worldwide.
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