Sunday, February 12, 2023

Week in Review 6/23



 

Welcome and thanks for reading!

In this review, I will make a summary of important and interesting news and events over the last week related to my portfolio holdings. Also, I will put together some interesting articles from other websites that caught my attention during the past week.



Received Dividends:



February 7, 2023


  • € 44.73 – Medifast, Inc. (MED)


February 10, 2023


  • € 34.88 – General Dynamics Corporation (GD)


Week 6: Total net dividends € 79.61


Dividend income is reported after the deduction of taxes. Check more at my Monthly Dividend sheet.



My Portfolio's Transactions:



February 6, 2023


  • I purchased 50 shares of Brookfield Renewable Corporation (BEPC) at $29.25 per share plus commission.



Portfolio Holdings News:



February 6, 2023


  • Archer-Daniels-Midland Company (ADM) Opens Production Facility in Spain; ADM announced that it has opened a new production facility in Valencia, Spain to help meet rising global demand for probiotics, postbiotics and other products that support health and well-being. The production facility represents an investment north of $30 million and a more than five-fold increase in ADM’s production capacity, increasing it to 50 metric tons per year.


February 7, 2023


  • V.F. Corporation (VFC) Reports Third Quarter Earnings; VFC reports Non-GAAP EPS of $1.12, beating analyst estimates by $0.13 but decreasing 17% year-over-year. Revenue decreased 2.5% to $3.53 billion, which was $50 million ahead of expectations. VFC declaring a quarterly per share dividend of $0.30, reflecting a 41% decrease over the previous quarter’s dividend. For FY23 Management guides Adjusted EPS $2.05 to $2.15, within the previous outlook of $2.00 to $2.20.


  • T. Rowe Price Group, Inc. (TROW) Raises Quarterly Dividend; TROW announced that its Board of Directors has declared a quarterly dividend of $1.22 per share payable March 30, 2023, to stockholders of record as of the close of business on March 15, 2023. The quarterly dividend rate represents a 1.7% increase over the previous quarterly dividend rate of $1.20 per share. This will mark the 37th consecutive year that the company will have increased its regular annual dividend.



  • Prudential Financial, Inc. (PRU) Announces 2022 Results; PRU reports Non-GAAP EPS of $2.42, missing analyst estimates by $0.09 and decreased 23.9% year-over-year. Book value per Common share of $43.81 versus $161.26 per share for the year-ago quarter; adjusted book value per Common share of $99.22 versus $108.72 per share for the year-ago quarter. PRU’s Board of Directors has authorized the repurchase of up to $1.0 billion of outstanding Common Stock during the period from January 1, 2023 through December 31, 2023.


  • Prudential Financial, Inc. (PRU) Raises Quarterly Dividend; PRU declared a quarterly dividend of $1.25 per share of Common Stock, payable on March 16, 2023, to shareholders of record as of February 21, 2023. This represents an increase of 4% over the prior year dividend level, the 15th consecutive year the dividend has been increased.



February 8, 2023


  • Neste Corporation(NESTE) Financial Statements Release 2022; NESTE reports Earnings per share of €0.67, increased 10.4% year-over-year. Revenue of €6,562 million beats analyst estimates by €299 million and increased 32.1% versus the same quarter last year. Board of Directors proposes a maximum dividend of EUR 1.52 per share, 85.4% more than in the previous year, consisting of an ordinary dividend of EUR 1.02 per share, an extraordinary dividend of EUR 0.25 per share and a discretionary second extraordinary dividend of EUR 0.25 per share.



  • CVS Health Corporation (CVS) Reports Fourth Quarter and Full-Year 2022 Results; CVS reports Non-GAAP EPS of $1.99, beating analyst estimates by $0.06 by increasing 0.5% year-over-year. Revenue grew 9.4% to $83.8 billion, topping estimates by $7.43 billion. For FY23 Management guides GAAP diluted EPS guidance range of $7.73 to $7.93, Adjusted EPS guidance range of $8.70 to $8.90 , Cash flow from operations guidance range of $12.5 billion to $13.5 billion.


  • CVS Health Corporation (CVS) to Acquire Oak Street Health; CVS and Oak Street Health (NYSE: OSH) have entered into a definitive agreement under which CVS Health will acquire Oak Street Health in an all-cash transaction at $39 per share, representing an enterprise value of approximately $10.6 billion.


  • Emerson Electric Co. (EMR) Reports First Quarter 2023 Results; EMR reports Non-GAAP EPS of $0.78, missing analyst estimates by $0.09 and decreasing 1% year-over-year. Revenue of $ 3.37 billion misses analyst estimates by $60 million and decreased 6.6% versus the same quarter last year. Management expects Q2 adjusted EPS in the range of $0.95 to $1.00 and for FY2023 between $4 to $4.15.


  • Eaton Corporation plc (ETN) Record Fourth Quarter 2022 Results; ETN reports fourth quarter Non-GAAP EPS of $2.06, 20% above from last year and $0.01 ahead of estimates. Revenue of $5.38 billion beats analyst estimates by $40 million and increased 12.3% versus the same quarter last year. Management guides Adjusted Earnings Per Share for 2023 Expected to Be Between $8.04 and $8.44, up 9% at Midpoint Over 2022.


February 9, 2023


  • Orion Corporation (ORION) Group Financial Statement Release 2022; ORION reports earnings per share €0.23, missing analyst estimates by €0.07 and in line with year-over-year. Revenue of €294.5 million misses analyst estimates by €6.5 million but grew 6.3% versus the same quarter last year. The Board of Directors proposes a dividend of €1.60 per share for last year. Analysts forecast an average dividend of €1.67 per share for last year. Last year, a dividend of €1.50 per share was paid. Management estimates that net sales in 2023 will be slightly higher than in 2022.


  • Unilever PLC (UL) Reports Full-Year Results For 2022; UL reports Non-GAAP EPS of €2.57, 2.1% below from last year. Revenue grew 14.5% to €60.07 billion. Management expect 2023 underlying sales growth to be at least in the upper half of our multi-year range of 3 – 5%.




  • Baxter International Inc. (BAX) Reports Fourth-Quarter and Full-Year 2022 Results; BAX reports Non-GAAP EPS of $0.88, missing analyst estimates by $0.06 and decreasing 15% year-over-year. Revenue of $3.9 billion beats analyst estimates by $130 million and increased 11.1% versus the same quarter last year. For full-year 2023 Management expects sales growth of 1% to 2% on a reported basis and flat to 1% on a constant currency basis. Management expects U.S. GAAP earnings of $1.43 to $1.63 per diluted share and adjusted earnings, before special items, of $2.75 to $2.95.




  • PepsiCo, Inc. (PEP) o Reports Fourth Quarter and Full-Year 2022 Results; PEP reports Non-GAAP EPS of $1.67, beating analyst estimates by $0.02 and increasing 10% year-over-year. Revenue grew 10.9% to $28 billion, topping estimates $ 1.18 billion. Management expect to deliver 6 percent organic revenue growth and 8 percent core constant currency earnings per share growth. We also announced a 10 percent increase in our annualized dividend, starting with our June 2023 payment which represents our 51st consecutive annual increase, and plan to repurchase approximately $1.0 billion worth of shares.


  • Flowers Foods, Inc. (FLO) Reports Fourth-Quarter and Full-Year Results; FLO reports Non-GAAP EPS of $0.23, in line with expectations and increasing 15% year-over-year. Revenue grew 9.8% to $1.08 billion, missing estimates $ 20 million. For FY23 Management expects Sales in the range of approximately $5.176 billion to $5.242 billion, representing an increase of approximately 7.7% to 9.1% compared to the prior year period.



February 10, 2023


  • Sampo plc (SAMPO) Reports 2022 Results; SAMPO reports Earnings per share of €0.50, missing analyst estimates by €0.23 and decreasing 64% year-over-year. Underwriting profit grew 2% to $304 million. Management proposes a EUR 2.60 per share (4.10) dividend, including a regular dividend of EUR 1.80 per share (1.70) as well as an extra dividend of EUR 0.80 per share. In addition, management is to propose a new EUR 400 million buyback programme.



  • Magna International Inc. (MGA) Announces Fourth Quarter 2022 Results; MGA reports Non-GAAP EPS of $0.91, missing analyst estimates by $0.17 and decreased 30% year-over-year. Revenue of $9.6 billion beats analyst estimates by $90 million and increased 5.5% versus the same quarter last year. Management Expect Adjusted EBIT Margin to expand by 230 basis points or more by 2025.


  • Magna International Inc. (MGA) Increases Quarterly Dividend; MGA's r Board of Directors declared a fourth quarter dividend of $0.46 per Common Share, 2.2% increase from prior dividend of $0.45. The dividend is payable on March 10, 2023 to shareholders of record as of the close of business on February 24, 2023.



  • Enbridge Inc. (ENB) Reports 2022 Financial Results; ENB reports Non-GAAP EPS of C$0.63, missing analyst estimates by C$0.10 and decreasing 7.4% year-over-year. Management reaffirmed its 2023 financial guidance, which includes adjusted EBITDA between C$15.9 billion and C$16.5 billion and DCF per share between C$5.25 to C$5.65.


  • Fortis Inc. (FTS) Reports Fourth Quarter & Annual 2022 Results; FTS reports Non-GAAP EPS of C$0.72, beating analyst estimates by C$0.19 and increased 14.3% year-over-year. Management expects its long-term growth in rate base will drive earnings that support dividend growth guidance of 4-6% annually through 2027.



Articles that caught my attention:





Thanks for stopping by, have a nice next week!


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