Latest news with #LassondeIndustriesInc
Yahoo
16-05-2025
- Business
- Yahoo
Lassonde Industries Inc. announces election of directors
ROUGEMONT, Quebec, May 16, 2025 (GLOBE NEWSWIRE) -- Lassonde Industries Inc. (TSX: LAS.A) ('Lassonde') announces that the nominees listed in the management proxy circular dated March 27, 2025 were elected as directors of Lassonde. The detailed results of the vote for the election of directors held today at its Annual General Meeting, are set out below. Nominees VOTES FOR VOTES AGAINST Guy Bélanger 39,576,618 99.99% 1,174 0.01% Denis Boudreault 39,277,470 99.24% 300,321 0.76% Paul Bouthillier 39,358,352 99.45% 219,439 0.55% Luc Doyon 39,570,864 99.98% 6,928 0.02% Nathalie Lassonde 38,451,778 97.15% 1,126,014 2.85% Pierre-Paul Lassonde 38,650,121 97.66% 927,671 2.34% Pierre Lessard 39,387,925 99.52% 189,867 0.48% Nathalie Pilon 39,528,482 99.87% 49,310 0.13% About Lassonde Headquartered in Canada and with operations across North America, Lassonde Industries Inc. is a leader in the food and beverage industry in North America. The Corporation develops, manufactures, and markets a wide range of national brand and private label products, including fruit juices and drinks, specialty food products, and fruit-based snacks. Lassonde also manufactures and markets cranberry sauces as well as selected wines, ciders and other alcoholic beverages. Altogether, Lassonde distributes over 3,500 unique products in approximately 200 formats across shelf-stable, chilled, and frozen categories. The Corporation's go-to-market strategy consists of (i) retail sales to food retailers and wholesalers such as supermarket chains, independent grocers, superstores, warehouse clubs, convenience stores, and major pharmacy chains and (ii) food service sales to restaurants, hotels, hospitals, schools, and wholesalers serving these institutions. Lassonde operates 19 plants located in Canada and the United States through the expertise of over 2,900 full-time equivalent employees. To learn more, visit SEDAR registration number: 00002099 CONTACT: Information: Investor contact Éric Gemme Chief Financial Officer Lassonde Industries Inc. 450-469-4926, extension 10456 Media contact Isabelle Nadeau Director, Corporate Communications Lassonde Industries Inc. 450-469-4926, extension 10167
Yahoo
26-03-2025
- Business
- Yahoo
With a 56% stake, Lassonde Industries Inc. (TSE:LAS.A) insiders have a lot riding on the company
Insiders appear to have a vested interest in Lassonde Industries' growth, as seen by their sizeable ownership 55% of the company is held by a single shareholder (Pierre-Paul Lassonde) 23% of Lassonde Industries is held by Institutions We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. Every investor in Lassonde Industries Inc. (TSE:LAS.A) should be aware of the most powerful shareholder groups. With 56% stake, individual insiders possess the maximum shares in the company. In other words, the group stands to gain the most (or lose the most) from their investment into the company. With such a notable stake in the company, insiders would be highly incentivised to make value accretive decisions. Let's delve deeper into each type of owner of Lassonde Industries, beginning with the chart below. See our latest analysis for Lassonde Industries Institutions typically measure themselves against a benchmark when reporting to their own investors, so they often become more enthusiastic about a stock once it's included in a major index. We would expect most companies to have some institutions on the register, especially if they are growing. As you can see, institutional investors have a fair amount of stake in Lassonde Industries. This can indicate that the company has a certain degree of credibility in the investment community. However, it is best to be wary of relying on the supposed validation that comes with institutional investors. They too, get it wrong sometimes. If multiple institutions change their view on a stock at the same time, you could see the share price drop fast. It's therefore worth looking at Lassonde Industries' earnings history below. Of course, the future is what really matters. Hedge funds don't have many shares in Lassonde Industries. Pierre-Paul Lassonde is currently the largest shareholder, with 55% of shares outstanding. This essentially means that they have extensive influence, if not outright control, over the future of the corporation. QV Investors Inc. is the second largest shareholder owning 5.7% of common stock, and FMR LLC holds about 5.1% of the company stock. Researching institutional ownership is a good way to gauge and filter a stock's expected performance. The same can be achieved by studying analyst sentiments. There are a reasonable number of analysts covering the stock, so it might be useful to find out their aggregate view on the future. While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders. The company management answer to the board and the latter should represent the interests of shareholders. Notably, sometimes top-level managers are on the board themselves. Most consider insider ownership a positive because it can indicate the board is well aligned with other shareholders. However, on some occasions too much power is concentrated within this group. It seems that insiders own more than half the Lassonde Industries Inc. stock. This gives them a lot of power. Given it has a market cap of CA$1.3b, that means they have CA$747m worth of shares. Most would be pleased to see the board is investing alongside them. You may wish todiscover (for free) if they have been buying or selling. The general public, who are usually individual investors, hold a 22% stake in Lassonde Industries. While this size of ownership may not be enough to sway a policy decision in their favour, they can still make a collective impact on company policies. It's always worth thinking about the different groups who own shares in a company. But to understand Lassonde Industries better, we need to consider many other factors. For example, we've discovered 1 warning sign for Lassonde Industries that you should be aware of before investing here. If you would prefer discover what analysts are predicting in terms of future growth, do not miss this free report on analyst forecasts. NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Yahoo
13-02-2025
- Business
- Yahoo
Investing in Lassonde Industries (TSE:LAS.A) five years ago would have delivered you a 44% gain
The main point of investing for the long term is to make money. Furthermore, you'd generally like to see the share price rise faster than the market. Unfortunately for shareholders, while the Lassonde Industries Inc. (TSE:LAS.A) share price is up 30% in the last five years, that's less than the market return. However, more recent buyers should be happy with the increase of 24% over the last year. Let's take a look at the underlying fundamentals over the longer term, and see if they've been consistent with shareholders returns. See our latest analysis for Lassonde Industries While the efficient markets hypothesis continues to be taught by some, it has been proven that markets are over-reactive dynamic systems, and investors are not always rational. One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement. Over half a decade, Lassonde Industries managed to grow its earnings per share at 13% a year. The EPS growth is more impressive than the yearly share price gain of 5% over the same period. Therefore, it seems the market has become relatively pessimistic about the company. The reasonably low P/E ratio of 12.00 also suggests market apprehension. The graphic below depicts how EPS has changed over time (unveil the exact values by clicking on the image). We know that Lassonde Industries has improved its bottom line lately, but is it going to grow revenue? This free report showing analyst revenue forecasts should help you figure out if the EPS growth can be sustained. It is important to consider the total shareholder return, as well as the share price return, for any given stock. Whereas the share price return only reflects the change in the share price, the TSR includes the value of dividends (assuming they were reinvested) and the benefit of any discounted capital raising or spin-off. It's fair to say that the TSR gives a more complete picture for stocks that pay a dividend. In the case of Lassonde Industries, it has a TSR of 44% for the last 5 years. That exceeds its share price return that we previously mentioned. This is largely a result of its dividend payments! It's good to see that Lassonde Industries has rewarded shareholders with a total shareholder return of 27% in the last twelve months. That's including the dividend. That gain is better than the annual TSR over five years, which is 8%. Therefore it seems like sentiment around the company has been positive lately. Someone with an optimistic perspective could view the recent improvement in TSR as indicating that the business itself is getting better with time. It's always interesting to track share price performance over the longer term. But to understand Lassonde Industries better, we need to consider many other factors. Consider risks, for instance. Every company has them, and we've spotted 1 warning sign for Lassonde Industries you should know about. If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of companies that have proven they can grow earnings. Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on Canadian exchanges. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
