Latest news with #PernodRicardSA
Bloomberg
17-04-2025
- Business
- Bloomberg
Pernod Sales Decline, Hit by China Troubles And Late Easter
Pernod Ricard SA sales fell more than expected after Cognac was hit by a duty free block in China and Europe sales were held back by a late Easter. The maker of Absolut vodka said that organic sales fell 3% during the third quarter, which was worse than expected. This was largely due to duty free sales being blocked in China since December as part of anti-dumping measures and declines in Germany and Spain.
Yahoo
10-04-2025
- Business
- Yahoo
Corby Spirit and Wine Limited (TSE:CSW.A) stock most popular amongst individual investors who own 46%, while public companies hold 44%
Corby Spirit and Wine's significant individual investors ownership suggests that the key decisions are influenced by shareholders from the larger public 52% of the business is held by the top 3 shareholders Recent sales by insiders 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. To get a sense of who is truly in control of Corby Spirit and Wine Limited (TSE:CSW.A), it is important to understand the ownership structure of the business. We can see that individual investors own the lion's share in the company with 46% ownership. Put another way, the group faces the maximum upside potential (or downside risk). And public companies on the other hand have a 44% ownership in the company. Let's take a closer look to see what the different types of shareholders can tell us about Corby Spirit and Wine. See our latest analysis for Corby Spirit and Wine Institutional investors commonly compare their own returns to the returns of a commonly followed index. So they generally do consider buying larger companies that are included in the relevant benchmark index. We can see that Corby Spirit and Wine does have institutional investors; and they hold a good portion of the company's stock. 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 Corby Spirit and Wine's earnings history below. Of course, the future is what really matters. Hedge funds don't have many shares in Corby Spirit and Wine. Pernod Ricard SA is currently the company's largest shareholder with 44% of shares outstanding. Meanwhile, the second and third largest shareholders, hold 4.8% and 2.8%, of the shares outstanding, respectively. A more detailed study of the shareholder registry showed us that 3 of the top shareholders have a considerable amount of ownership in the company, via their 52% stake. While it makes sense to study institutional ownership data for a company, it also makes sense to study analyst sentiments to know which way the wind is blowing. We're not picking up on any analyst coverage of the stock at the moment, so the company is unlikely to be widely held. The definition of company insiders can be subjective and does vary between jurisdictions. Our data reflects individual insiders, capturing board members at the very least. 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. Our most recent data indicates that insiders own less than 1% of Corby Spirit and Wine Limited. It seems the board members have no more than CA$2.0m worth of shares in the CA$413m company. We generally like to see a board more invested. However it might be worth checking if those insiders have been buying. The general public, who are usually individual investors, hold a 46% stake in Corby Spirit and Wine. This size of ownership, while considerable, may not be enough to change company policy if the decision is not in sync with other large shareholders. We can see that public companies hold 44% of the Corby Spirit and Wine shares on issue. This may be a strategic interest and the two companies may have related business interests. It could be that they have de-merged. This holding is probably worth investigating further. I find it very interesting to look at who exactly owns a company. But to truly gain insight, we need to consider other information, too. For instance, we've identified 3 warning signs for Corby Spirit and Wine (1 is a bit concerning) that you should be aware of. If you would prefer check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, backed by strong financial data. 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. Sign in to access your portfolio
Bloomberg
28-03-2025
- Business
- Bloomberg
Cognac Probe in China Delayed Three Months, Says France's Barrot
China has postponed the conclusion of its anti-dumping investigation of Cognac and Armagnac, providing a reprieve to European spirits makers just as they face tariff threats from US President Donald Trump. French Foreign Minister Jean-Noel Barrot, speaking during a trip to China, said the announcement was a first step to resolving a dispute that has seen Cognac makers Pernod Ricard SA, Remy Cointreau SA and LVMH 's Hennessy unable to stock duty free channels, a key outlet for their sales in the country. The companies have also been forced to deposit customs duties on the brandy while awaiting the outcome of the investigation.
Bloomberg
13-03-2025
- Business
- Bloomberg
European Drink Makers Fall as Trump Returns to a Favorite Target
President Donald Trump is turning to a favorite target — European producers of alcoholic drinks — in the latest escalation of a global trade war. Shares of Pernod Ricard SA, Remy Cointreau SA and LVMH, the maker of Dom Perignon Champagne and Hennessy Cognac, fell Thursday after Trump threatened to impose a 200% tariff on European wine and other alcoholic drinks.
Bloomberg
13-02-2025
- Business
- Bloomberg
Cognac Blocked From Duty-Free Channels in China in Tariff Battle
By and Angelina Rascouet Save Cognac producers are being blocked from distributing the French brandy through duty-free channels in China, in an apparent escalation of the tariff battle between Beijing and the European Union. The three biggest Cognac makers — Pernod Ricard SA, Remy Cointreau SA and LVMH 's Hennessy — have been unable to restock duty-free travel hubs across China since early December, according to people familiar with the matter. The Chinese customs' online platform through which duty-free outlets usually clear goods no longer allows Cognac to be processed, leaving stock sitting in bonded warehouses in the mainland, the people said, declining to be identified since the information is not public.
