AllAnalyst Report
logoArgusJuly 23, 2021

Philip Morris International Inc.: High yield in low-rate environment

Symbols
PM
Sector(s)
Consumer Defensive
Rating
Current Price
$101.86
Price Target
Earnings Estimate
Summary

Philip Morris International manufactures and sells cigarettes, other nicotine-containing products, smoke-free products, and related electronic devices and accessories outside the U.S. The company's primary international brands include market leader Marlboro, as well as L&M, Phillip Morris, Chesterfield, Parliament, Lark, Bond Street, and Virginia Slims. In addition to the manufacture and sale of cigarettes, PMI is developing and selling 'reduced-risk products' or RRPs. The company has six of the world's top 15 cigarette brands and sells its products in approximately 180 markets. Philip Morris International was spun off from Altria in 2008. The company has 73,500 employees.

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Analyst Profile

Kristina Ruggeri

Analyst: Generalist
Kristina began working with Argus Research in 2019. She is responsible for covering selected Consumer Discretionary and Consumer Staples Stocks and has nearly 20 years of experience in the financial services industry. Kristina began her career at Price Waterhouse where she audited asset managers, broker dealers, and banks. Later she joined J.P. Morgan as a financial analyst. In 1994, Kristina joined Bankers Trust Company where she managed the daily operations of several equity derivative funds and later implemented tools to mitigate risk and improve workflow processes. Prior to working with Argus, Kristina was a Senior Director at S&P Global where she led key competitive intelligence and market research initiatives and executed programs to better understand client needs. Kristina earned a BS in Accounting and a minor in Spanish from Bucknell University. She holds an MBA in Finance from New York University’s Stern School of Business and is a Certified Public Accountant. Kristina is also a certified teacher in the State of New Jersey and devotes time to working with elementary and middle school-aged students.