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☆ Five stocks to buy and hold for the long term, according to the pros
▼ + stars: | 2024-04-02 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +8 min

CNBC Pro asked three fund managers for their stock picks to to buy now and hold for the longer term. The average price target for PepsiCo is $186.77, according to FactSet data, giving it potential upside of 6.7%. According to Factset data, of 30 analysts, 18 give the stock a buy or overweight rating while 12 have a hold rating. According to FactSet data, of 18 analysts, 14 give the stock a buy or overweight rating, three have a hold rating and one has a sell rating. The average price target for PDD is $180.12, according to FactSet data, giving it potential upside of 54.9%.

Persons: David Dietze, PepsiCo Dietze, Dietze, Bud Light, Michael Field, Edenred, Jason Hsu, Hsu, OpenAI, Elon Musk, Sam Altman, Greg Brockman, Altman Organizations: Wealth Management, CNBC Pro, PepsiCo, Coca Cola, Anheuser, Busch, Brussels Stock Exchange, New York Stock Exchange, Euronext Paris Stock Exchange, Microsoft, Rayliant Global Advisors, OpenAI, Nasdaq Locations: Belgian, U.S, South America, Europe, Edenred, China

Sodexo, which is benefiting from the cost-of-living crisis as employers look for ways to support staff without hiking wages, announced in April a plan to spin off and list its voucher unit on the stock exchange in 2024, betting on the good performance of the business. Smaller French rival Edenred (EDEN.PA), which joined France's blue-chip index CAC 40 (.FCHI) on Monday, posted in April first-quarter operating revenue growth as employers used its meal tickets and fuel cards to help staff cope with inflation. Pluxee, which employs 5,000 in 31 countries, targets full-year organic revenue growth of close to 20% and an underlying operating profit margin of around 32%. Sodexo's voucher business reported a core profit of 162 million euros ($177 million) in the first half of 2023. Reporting by Federica Mileo and Diana Mandiá in Gdansk, Editing by Louise HeavensOur Standards: The Thomson Reuters Trust Principles.

Persons: Aurelien Sonet, Pluxee, Sonet, Edenred, Federica Mileo, Diana Mandiá, Louise Heavens Organizations: Thomson Locations: Gdansk

☆ Brazil meal payments overhaul delayed by central bank standoff
▼ + stars: | 2023-03-31 | by ( Marcela Ayres | ) www.reuters.com time to read: +5 min

The Finance Ministry says the central bank has jurisdiction to regulate payment systems, but sources said the central bank resisted early proposals to shake up the market and sought to keep its hands off the segment. The bank's staff believes the voucher market presents no systemic risk. The standoff has added to already high tensions between the Finance Ministry and central bank, the sources said on condition of anonymity. The central bank declined to comment on its reported resistance to regulating the market. The ministry told Reuters such regulation "goes beyond its competencies," and should be handled by the Finance Ministry and the central bank.

☆ Sodexo sees demand for catering and vouchers lifting margins
▼ + stars: | 2022-11-02 | by ( Diana Mandia | ) www.reuters.com time to read: +2 min

[1/2] The logo of French food services and facilities management group Sodexo is seen at the company headquarters in Issy-les-Moulineaux near Paris, France, March 18, 2016. The company delivered a 5% margin in its last fiscal year and last week forecast an increase to 5.5% for 2022-2023. B&R will target capital spending close to 10% of revenue per year between 2022 and 2025, Sodexo said. Sodexo, whose businesses also include workplace design, sterilization of medical devices, reception and cleaning services, said it would step up its focus on food services as rising inflation leads more companies to outsource catering. However, Sodexo forecast organic sales growth of between 6% and 8% for fiscal 2024-2025, lower than its forecast of 8% to 10% for 2022-2023.

☆ France's Edenred expects annual core profit to grow by more than 12% over 2022-2025
▼ + stars: | 2022-10-25 | by ( ) www.reuters.com time to read: 1 min

Oct 25 (Reuters) - French vouchers and cards provider Edenred (EDEN.PA) said on Tuesday it expects like-for-like annual growth of more than 12% in its core profit for the next three years and to boost revenue to as much as 5 billion euros ($4.9 billion) by 2030. The revenue target would be more than triple the 1.63 billion the company reported last year. The forecasts came as the company, which helps other companies manage staff expenses and benefits and is known for its "Ticket Restaurant" vouchers, outlined its strategic plan for the period 2022-2025. ($1 = 1.0129 euros)Register now for FREE unlimited access to Reuters.com RegisterReporting by Diana Mandiá in Gdansk; editing by Josephine Mason, Kirsten DonovanOur Standards: The Thomson Reuters Trust Principles.

Voucher and card providers like Edenred stand to benefit from higher inflation as it can result in an increase in the maximum face value of employee benefit cards. The company last raised its EBITDA forecast in July to 770-820 million euros. "The current macroeconomic environment continues to favour Edenred", Berenberg's analyst Stuart Gordon says, adding he expects the shares to trade favourably on the back of the strong results and raised guidance. The group reported an operating revenue of 484 million euros in the third quarter, beating analysts' 465 million euro estimate in a company-provided consensus. Register now for FREE unlimited access to Reuters.com RegisterReporting by Federica Mileo and Diana Mandiá in Gdansk; editing by Milla Nissi & Simon Cameron-MooreOur Standards: The Thomson Reuters Trust Principles.

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