|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||154.60 - 156.75|
|52 Week Range||127.05 - 161.55|
|Beta (3Y Monthly)||0.20|
|PE Ratio (TTM)||28.66|
|Earnings Date||Feb 9, 2017 - Feb 13, 2017|
|Forward Dividend & Yield||2.36 (1.48%)|
|1y Target Est||140.97|
French spirits maker Pernod Ricard, which is being targeted by activist investor Elliott, raised its profit outlook on bets cost savings and Chinese demand will offset a slowdown in quarterly sales growth. Pernod, the world's second-largest spirits group after Diageo, is hoping cost cuts, expansion into profitable premium brands such as Malfy gin and sustained demand for Martell cognac in China will underpin sales growth and profits. This truly reflects the efficiency of our strategy plan," CEO Alexandre Ricard told Reuters.
European shares ticked lower in early deals on Thursday, as investors cautiously awaited manufacturing data to gauge the health of euro zone economies ahead of the Easter holiday. The pan-European STOXX 600 index edged down 0.1 percent by 0725 GMT, with all countries' bourses in the red. Better-than-expected economic data out of China on Wednesday propelled the pan-region index to a sixth day of gains.
Drinks group Pernod Ricard is having regular and "courteous" talks with activist investor Elliott, although it is not necessarily meeting Elliott any more than it would with any other regular shareholder, the head of Pernod told Reuters. My ambition remains to deliver on our strategic plan, that's my motto," CEO Alexandre Ricard said in a telephone interview. Pernod, which is the world's second-biggest spirits group behind Diageo, is under pressure from New York hedge fund Elliott Management to improve profit margins and corporate governance.
French spirits maker Pernod Ricard, which is being targeted by activist investor Elliott, said it was now expecting annual profit growth at the top end of its expectations, despite a slowdown in sales growth in the third quarter. Pernod, which owns Mumm champagne, Absolut vodka and Martell cognac, said that for its 2019 financial year it was now targeting an organic rise of around 8 percent in profit from recurring operations, at the top of its guidance of 6-8 percent growth given back in February. Pernod, which had benefited from advance cognac shipments ahead of the Chinese New Year, had flagged in February that sales growth would moderate in the second half of the year.
The Trump administration has placed new sanctions and other tough restrictions on Cuba and Venezuela in a series of measures designed to increase the pressure on Havana and try to force it to end its support for Nicolás Maduro, Venezuela’s de facto president. Speaking in Miami to survivors of a Cuban exile group that once led the failed 1961 Bay of Pigs invasion, John Bolton, the US national security adviser, said that Washington was targeting Cuba’s military and intelligence services through these sanctions, and that it would also restrict travel and cap exile remittances to the island.
Pernod Ricard, which is being targeted by activist investor Elliott, plans to buy super premium Italian gin brand Malfy from Biggar & Leith, as it further strengthens its fast-growing portfolio of so-called 'craft' spirits. Pernod's latest takeover comes as the company, which is the world's second-largest spirits group behind Diageo, faces pressure from U.S. hedge fund Elliott Management to improve profit margins and corporate governance. The financial terms of the deal, which was announced by Pernod on Wednesday, were not disclosed.
Looking at Pernod Ricard SA's (EPA:RI) earnings update in December 2018, the consensus outlook from analysts appear fairly confident, as a 20% increase in profits is expected in...
The world’s enduring thirst for their light rum has pumped billions of dollars into the family’s coffers since 1862, enriching hundreds of clan members now spread across the globe. About 6 million Bacardi rum and Cokes are thrown back every day, and the popularity of that classic cocktail known as the Cuba Libre helped Bacardi Ltd. sell 17 million cases of its eponymous spirit in 2017. It’s no less a family affair if your preferred tipple is a Negroni, made with one part Campari, profits on which flow to Italy’s Garavoglia family.
Drinks group Pernod Ricard, which is being targeted by activist investor Elliott, is banking that its push into socially and environmentally sound business practices will boost its growth in the coming decade. Pernod, the world's second-biggest spirits group behind Diageo, is unveiling on Wednesday a strategic roadmap plan going up to 2030. Other pledges include aims to save water and cut down on waste and carbon emissions, as well as fighting alcohol abuse and promoting gender balance in its top management teams.
Pernod Ricard (RI.PA) launches today its 2030 Sustainability & Responsibility roadmap as part of the Group’s strategic plan Transform & Accelerate. This roadmap sets out 8 ambitious and concrete 2030 targets supporting the United Nations Sustainable Development Goals (SDGs) and will be unveiled today at the Martell Cognac distillery in France. The Group is taking bold next steps in addressing both environmental topics, to preserve the terroirs its products come from, and social responsibility, in particular by accelerating the fight against alcohol misuse.
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The Group is continuing its transformation and is today committed to an ambitious policy to digitalise the management of its human resources. Pernod Ricard is rolling out on a global scale, after a deployment phase of only one-year, the most innovative HR solution on the market: Workday, now available to its 19,000 employees. Each employee, irrespective of role or location, can now access and manage with a single click all the data related to the management of their professional career within Pernod Ricard: their personal information, reviews, remuneration, training, mobility projects, team, etc.
Drinks group Pernod Ricard, which is being targeted by activist investor Elliott, said its business in Europe, the Middle East, Africa and Latin America (EMEA/LATAM) was well positioned for "solid top line growth and margin improvement". Pernod Ricard, the world's second-biggest spirits group behind Diageo, also said that while the disposal of non-core assets was part of its strategy, its wine business was "a nice complement" to its spirits operations. Pernod Ricard is under pressure from New York hedge fund Elliott Management to improve profit margins and corporate governance.
Brexit and France's "yellow vest" protest movement pushed the number of bottles of French champagne sold last year to its lowest since 2004, trade group data showed on Sunday. The Comité Interprofessionnel du Vin de Champagne (CIVC) said the number of bottles sold fell 1.8 percent to 302 million in 2018, though total revenue edged up 0.3 percent to a record 4.9 billion euros ($5.6 billion) as prices rose. "The fall in volume is becoming a bit worrying, with the slowdown in France and Britain not compensated by higher sales outside the European Union," CIVC co-president Jean-Marie Barillere told Reuters.
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Lingering problems include lackluster margins, potential increases in restructuring charges and loan losses in 2019, and the continuation of provisions at NatWest Markets. 1154 GMT - Airbus’s strong momentum in 2018 was impressive as the plane maker’s commercial margins reached 14% in its last quarter, Milene Kerner, analyst at Deutsche Bank, says. “Airbus enters 2019 in good shape, with a backlog of 7,577 aircraft worth 8+ years of production cover.” The brokerage raises its target price on the stock to EUR124 from EUR122.
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While some of America’s best-known women, from pop stars to politicians, are partial to a dram — Lady Gaga and Hillary Clinton are said to enjoy a tipple
Pernod Ricard will embrace change and continue "constructive" talks with activist investor Elliott Management, CEO Alexandre Ricard said on Tuesday while dismissing speculation that the company could become a takeover target. The world's second-biggest spirits group behind Diageo is under pressure from New York hedge fund Elliott Management to improve profit margins and corporate governance. Last week Pernod vowed to lift its margins and shareholder returns in a three-year strategic plan that Elliott described as a first small step.