Why Are Street Analysts Bullish on Philip Morris International Inc. (PM) Right Now?

Insider Monkey07-27

We recently compiled a list of the 14 Best FMCG Stocks To Buy Now. In this article, we are going to take a look at where Philip Morris International Inc. (NYSE:PM) stands against the other FMCG stocks...

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(PM) Right Now?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-07-27 18:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/why-street-analysts-bullish-philip-100258238.html><strong>Insider Monkey</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>We recently compiled a list of the 14 Best FMCG Stocks To Buy Now. In this article, we are going to take a look at where Philip Morris International Inc. (NYSE:PM) stands against the other FMCG stocks...</p>\n\n<a href=\"https://finance.yahoo.com/news/why-street-analysts-bullish-philip-100258238.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0690374961.EUR","symbol_name":"FUNDSMITH EQUITY \"R\" (EUR) INC","start_time":0,"source_url":"https://finance.yahoo.com/news/why-street-analysts-bullish-philip-100258238.html","article_id":"2454496530","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/LYwXDB5CwVHeAaBX6uZc.A--~B/aD04MTY7dz0xNDU2O2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/insidermonkey.com/a9a2a5514d5ffa359e7f7212a05126bc"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2454496530","pubTimestamp":1722074578,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"We recently compiled a list of the 14 Best FMCG Stocks To Buy Now. 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With consumer spending accounting for approximately 70% of the U.S. economy, shifts in spending patte","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0690374961.EUR":"FUNDSMITH EQUITY \"R\" (EUR) INC","LU0314106906.USD":"MANULIFE GF GLOBAL EQUITY \"AA\" (USD) INC","BK4213":"石油与天然气的勘探与生产","SG9999001440.SGD":"United Global Dividend Equity Fund A SGD Dist","LU0738911758.USD":"Blackrock Global Equity Income A6 USD","LU0690374615.EUR":"FUNDSMITH EQUITY \"R\" (EUR) ACC","SG9999003800.SGD":"Nikko AM Global Dividend Equity Acc SGD-H","LU0545562505.USD":"NINETY ONE GSF GLOBAL QUALITY DIVIDEND GROWTH \"A\" (USD) INC","BK4585":"ETF&股票定投概念","LU1121112475.USD":"NINETY ONE GSF GLOBAL FRANCHISE \"A\" (USDHDG) ACC","BK4075":"烟草","CAGR":"California Grapes International, Inc.","BK4159":"经销商","BK4566":"资本集团","LU1506573853.SGD":"MANULIFE GF GLOBAL EQUITY \"AA\" (SGD) INC","GB00B4QBRK32.GBP":"FUNDSMITH EQUITY \"R\" (GBP) INC","GB00B4LPDJ14.GBP":"FUNDSMITH EQUITY \"R\" (GBP) ACC","LU1043141396.HKD":"NINETY ONE GSF GLOBAL FRANCHISE \"A\" (HKD) ACC","SG9999011175.SGD":"Nikko AM Global Dividend Equity Dis SGD-H","BK4588":"碎股","LU1043141123.HKD":"NINETY ONE GSF GLOBAL FRANCHISE \"A\" (HKD) INC 2","LU0661504455.SGD":"Blackrock Global Equity Income A5 SGD-H","LU2404859667.USD":"FUNDSMITH EQUITY FUND \"R\" (USD) ACC","LU0426412945.USD":"NINETY ONE GSF GLOBAL FRANCHISE \"A\" (USD) ACC","LU0426417589.USD":"NINETY ONE GSF GLOBAL FRANCHISE \"A\" (USD) INC","LU1228905037.USD":"NINETY ONE GSF GLOBAL QUALITY DIVIDEND GROWTH \"A\" (USD) ACC","LU0994945656.USD":"NINETY ONE GSF GLOBAL FRANCHISE \"A\" (USD) INC 2","PM":"菲利普莫里斯","LU2404859741.USD":"FUNDSMITH EQUITY FUND \"R\" (USD) INC","LU0949170772.SGD":"Blackrock Global Equity Income A6 SGD-H","BK4563":"昨日强势股","LU1228905540.USD":"NINETY ONE GSF GLOBAL QUALITY DIVIDEND GROWTH \"A\" (USD) INC 2"},"translate_title":"为什么华尔街分析师现在看好菲利普莫里斯国际公司（PM）？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PM":1,"CAGR":1,"CPG":1},"content_text":"We recently compiled a list of the 14 Best FMCG Stocks To Buy Now. In this article, we are going to take a look at where Philip Morris International Inc. (NYSE:PM) stands against the other FMCG stocks.\nIf you walk into a modern pantry, you're almost guaranteed to find it well-stocked with everyday essentials like toilet paper, soap and toothpaste, beverages, and food. This reflects a simple reality: most consumers prefer to keep these items in ample supply. While consumers will always demand these products, they are not entirely indifferent to price increases during inflation. Instead, they might look to save money by buying in bulk or shopping at big-box stores. Regardless, they will continue to prioritize purchasing these necessities.\nKnown as fast-moving consumer goods (FMCG) or consumer packaged goods (CPG), these high-demand products are valued for their affordability and rapid turnover. They are considered \"fast-moving\" because they quickly sell off store shelves due to their regular use by consumers. Although investors typically look towards bonds and cash to manage risk, FMCG stocks offer a defensive alternative that can provide both growth and income. While these stocks may not generate spectacular growth opportunities and can lose value as interest rates rise, they generally decline less than other sectors during recessions. In fact, certain industries, such as food, tobacco, and alcohol, may even experience increased demand during economic downturns. As one of the world's largest industries, the global FMCG sector has seen steady growth over the past decade, driven by the trend of experiential retailing, where shopping is viewed as a social activity. The global FMCG market is projected to reach $18,939.4 billion by 2031, with a compound annual growth rate (CAGR) of 5.1% from 2022 to 2031.\nFollowing low deal volume and value in 2020, the consumer goods landscape saw a significant shift in M&A activity. In 2021, as sizable assets in the sector became scarce and prohibitively expensive, companies strategically moved toward a higher-volume, lower-deal-value approach. According to McKinsey, this trend peaked in 2021 with around 470 consumer goods deals globally. The distribution of M&A activity varied across subsectors regarding volume and value. Food remained the largest category by deal volume, accounting for about 40%, while beverages and durables together made up an additional 30%. On the other hand, in terms of deal value, personal care led the pack with 38%, primarily driven by large spin-offs of pharmaceutical companies' consumer businesses. A notable example includes Johnson & Johnson's $42 billion spin-off of Kenvue last year.\nAs of late May, several major retailers have reported their Q1 2024 earnings, offering valuable insights into the current state of the U.S. consumer's sentiments. With consumer spending accounting for approximately 70% of the U.S. economy, shifts in spending patterns significantly impact growth and employment. Walmart, for example, observed changes in customer behavior, with CFO John Rainey noting in the company's Q1 earnings call:\n\n\"Many consumer pocketbooks are still stretched, and we see the effect of that in our business mix as they're spending more of their paychecks on non-discretionary categories and less on general merchandise. This merchandise mix remains a headwind to margins, but it’s consistent with our expectations.\"\n\nThis indicates that consumers are prioritizing essential groceries over discretionary items like televisions. Walmart's earnings suggest that while overall consumer spending remains steady, those with less disposable income are struggling and continue to seek value in their purchases. In any case, despite inflation and challenging market conditions, people still need to eat and buy essentials, making FMCG stocks more resilient compared to other sectors in the stock market.\nOur Methodology\nAfter a comprehensive analysis of FMCG stocks listed on NYSE and NASDAQ using ETFs and internet rankings, we have curated a selection of the 14 top FMCG stocks to buy now according to hedge fuds.Why are we interested in the stocks that hedge funds pile into? The reason is simple, our research has shown that we can outperform the market by imitating the top stock picks of best hedge funds. Our quarterly newsletter’s strategy picks 14 small and large-caps every quarter and it has returned 275% since May 2014, beating its benchmark by 150 percentage points (see more details here).\n A man exhaling smoke from a cigarette indicating the use of tobacco products. \nPhilip Morris International Inc. (NYSE:PM)\nNumber of Hedge Fund Holders: 64\nPhilip Morris International Inc. (NYSE:PM) is a multinational tobacco corporation originating from the United States, serving consumers in over 180 countries worldwide. The company's flagship product is Marlboro, positioning it prominently among the giants of \"Big Tobacco.\"\nPhilip Morris International (NYSE:PM) recently announced a quarterly dividend of $1.30 per share, or $5.20 annualized. The dividend is payable on July 8, 2024, to stockholders of record as of June 21, 2024, with an ex-dividend date of June 20, 2024.\nFurthermore, despite facing challenges in the traditional smoking product segments, Philip Morris International Inc. (NYSE:PM) increased its Q1 revenue by 3.5% year-over-year, as Americans shift from combustible tobacco products to smoke-free alternatives. Analysts attribute this smooth transition to the success of Philip Morris's smoke-free product category, led by IQOS and VEEV vapes.\nBy the end of the first quarter, 64 of the 919 hedge funds tracked by Insider Monkey held shares in Philip Morris International Inc. (NYSE:PM). The largest shareholder was Fundsmith LLP, managed by Terry Smith, with a $1.35 billion investment in the company.\nOverall PM ranks 4th on our list of the best FMCG stocks to buy. You can visit 14 Best FMCG Stocks To Buy Now to see the other FMCG stocks that are on hedge funds’ radar. While we acknowledge the potential of PM as an investment, our conviction lies in the belief that under the radar AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than PM but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.   \nREAD NEXT: Analyst Sees a New $25 Billion “Opportunity” for NVIDIA and Jim Cramer is Recommending These 10 Stocks in June.   \nDisclosure: None. This article is originally published at Insider Monkey.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2454496530"}