Professional
Added to YB: 2024-04-16
Pitch date: 2024-04-04
MO [bullish]
Altria Group, Inc.
+58.33%
current return
Author Info
Andvari Associates manages a concentrated investment strategy designed with the goal of outperforming the market. Sign up for the newsletter.
Company Info
Altria Group, Inc., through its subsidiaries, manufactures and sells smokeable and oral tobacco products in the United States.
Market Cap
$97.5B
Pitch Price
$37.11
Price Target
N/A
Dividend
7.30%
EV/EBITDA
9.13
P/E
11.09
EV/Sales
5.94
Sector
Tobacco
Category
dividend
Andvari Associates New Portfolio Holding: Altria Group, Inc.
MO: Tobacco co. with high margins, low capex, pricing power. Cigarette vol declining but offset by price hikes & growth in oral nicotine pouches (on! brand +30%). Raised $2.1B selling BUD stake to buyback undervalued shares. 9.7% div yield + 2-3% div growth. Attractive entry point.
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