Tuesday , June 15 2021

The Stars and Dogs of Globe for the Week

A humorous glance at the companies that caught our eye for good or bad this week

McCormick (DOG)

For years, McCormick has served a lucrative profit for investors. Now the world's largest spice maker leaves a bad taste in people's mouth. The trademark owner, including McCormick, Lawry's, French, Club House and FrankHot, posted earnings and earnings for the fourth quarter under estimates, relying on currency effects, retail and higher inventory cuts marketing and transport costs. Who needs luxury spices? I have always seen that nothing feeds food like a couple of expensive tablespoons of salt.

MKC – NYSE, US $ 121.36, 13.61% less

The story goes below advertising

Procter & Gamble (STAR)

Do you know the fresh, refreshing scent you get when you rub the Bounce drying sheet all over your body after a workout? Well, Procter & Gamble shares a pleasant smell: The global consumer product giant – which makes Bounce, Tide, Crest, Pampers and scores of other brands – reported sales and second-quarter earnings above expectations, as product innovations and cost gains helped overcome rising costs. Investors also enjoy a good jump.

PG – NYSE, US $ 93.60, 3.27%

Brands International Restaurant (STAR)

The products we can look forward to now that Burger King boss Jose Cil has been promoted to Chief Executive Officer of Brands Restaurant, Tim Hortons' mother: 1) Caramel Cappuccino Chicken Nuggets; 2) Fire roasted Timbits; 3) Maple glaze. On the other hand, the shares of Restaurant Brands rose after the company announced higher sales for the fourth quarter and increased its dividend by 11%, perhaps there was no need for radical innovation in the menu.

QSR – TSX, $ 83.49, by 9.55%

AGF Management (STAR)

With its long-term stock and dividend reduction a few years ago, AGF delivered a lot of misery to investors. But on Wednesday, the mutual fund company actually had some news: not only did the fourth quarter's results beat expectations, but net sales for the year ending November 30, 2018 were $ 136 million – a big improvement on net buyouts of $ 405 – a year earlier. But let's not get too excited: Even after this week's rebound, stocks have achieved a total return of about 40% over the past five years.

AGF.B – TSX, $ 5.52, 14.52%

Rogers Communications (DOG)

So Rogers Communications announced solid results for the fourth quarter and increased its dividend for the first time in four years and how do the investors thank the company? By reducing the price of its shares. It seems that the 4.2 percent increase in dividends is not enough to satisfy some investors, and CEO Joe Natale's comment that he does not want to be "stuck in the annual commitment to increase dividends" is probably also has not helped. Party pop.

The story goes below advertising

RCI.B – TSX, $ 69.69, down 4.02%

Source link