Despite P&G's Persisting Sales Cascade, Brand Spend Poised to Shore Up its Edge; Shares Attractive
Lagging sales continue to dog wide-moat Procter & Gamble, with organic sales up just 1%, reflecting a 3% benefit from increased volumes and favorable mix, offset by a 2% reduction in price. This weakness (not dissimilar from the past few quarters) was concentrated within the grooming (10% of sales) and baby (27%) segments, which were each down 3% on an organic sales basis. While these results are far from a plus, we’re encouraged by the improvement chalked up in its beauty (nearly one fifth ...Merck & Co. is a global health care company that delivers health solutions through its prescription medicines, vaccines, biologic therapies and animal health products. The company's segments are: Pharmaceutical, which includes human health pharmaceutical products that consist of therapeutic and preventive agents for the treatment of human disorders, and human health vaccine products that consist of preventive pediatric, adolescent and adult vaccines; and Animal Health, which discovers, develops, manufactures and markets veterinary pharmaceuticals, vaccines and health management solutions and services, as well as a suite of digitally connected identification, traceability and monitoring products.
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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.
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