Carlsberg Hikes Dividend 60% as Cash Flows Regain Momentum, but Shares Already Fully Priced
Carlsberg reported a fourth quarter that modestly exceeded our forecast due to foreign exchange, provided 2018 guidance just below our assumptions for the same reason, and raised its dividend 60%, consistent with our expectations. With organic net revenue growth of just 1%, Carlsberg continues to undershoot its large-cap consumer staples peer group, which we believe reflects its no-moat rating. Short-term currency movements essentially cancelled each other out, so we do not expect to raise our f...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.