Philip Morris International (PM) continues to observe significant changes in its capital allocation and institutional owners' shares. It had a 50.6% boost in nicotine pouch sales fueled by ZYN. They have recently made big moves in local job creation by investing $600 million in a manufacturing facility in Aurora, Colo., that's expected to generate about 500 jobs. Despite some criticism, PM has made a promising shift in health by selling Vectura for $198 million. PM has raised its profit forecasts from its next earnings reports due to increased demand for smoke-free products. The company is consistently outperforming other consumer staple stocks in the market. Besides, Jim Cramer and Reddit users discuss PM as an excellent defensive stock. PM also announced a 3.8% dividend increment. Billionaire Stan Druckenmiller is bullish on this stock. PM has seen strong cash flows and high institutional ownership touting market growth potential. PM plans to expand ZYN production in the U.S. with a new plant in Colorado. The company estimates smoke-free products to substantially contribute to its future success.
Philip Morris International PM News Analytics from Tue, 13 Feb 2024 08:00:00 GMT to Sat, 05 Oct 2024 22:03:21 GMT -
Rating 8
- Innovation 7
- Information 8
- Rumor -3
