The following was extracted from Morningstar: Analyst Note | by Sean Dunlop Updated Oct 29, 2022 Wide-moat Etsy announced a C-suite shakeup on Oct. 27, with long-time employee Rachana Kumar set to replace Mike Fisher as the firm's chief technology officer. Kumar is a consummate internal hire, having served with Etsy in a variety of roles (most recently as VP of Engineering) … [Read more...]

The following was extracted from Morningstar: Analyst Note | by Philip Gorham Updated Oct 29, 2022 Unilever reported strong sales growth numbers in its third-quarter trading update, and management provided full-year organic sales growth guidance of above 8%. On this evidence, it appears sales growth will be stronger than we had … [Read more...]

The following was extracted from Morningstar report: Analyst Note | by Emma Williams Updated Oct 28, 2022 We maintain our $228 fair value estimate for wide-moat ADP following a sound start to fiscal 2023. First-quarter top-line growth of 10% year on year was supported by continued, albeit moderating, growth in employment, higher interest on client funds, like-for-like price … [Read more...]

The following was extracted from Morningstar: Analyst Note | by Sean Dunlop Updated Oct 28, 2022 Wide-moat McDonald's posted sales and earnings in line with our expectations, with $5.87 billion in sales and $2.68 in diluted EPS narrowly missing our top-line forecast of $5.90 billion, but edging our $2.47 EPS estimate. In our view, … [Read more...]

The following was extracted from Morningstar: Analyst Note | by Abhinav Davuluri Updated Oct 28, 2022 Narrow-moat Apple reported impressive fiscal fourth-quarter results which came ahead of our estimates thanks to iPhone and Mac strength. We are maintaining our $130 fair value estimate and still view shares as overvalued. While we remain positive on Apple's ability to … [Read more...]

The following was extracted from Morningstar: Analyst Note | by Rajiv Bhatia Updated Oct 28, 2022 Wide moat-rated S&P Global reported a decent third quarter. Revenue missed consensus expectations by 2%, which we attribute to ratings weakness while adjusted EPS beat by 5% amid healthy operating margins. S&P Global saw pro … [Read more...]

The following was extracted from Morningstar report: Analyst Note | by Brian Bernard Updated Oct 27, 2022 Wide-moat WM reported third-quarter results that were mostly in line with our expectations. Overall, the company delivered strong results, which featured 9% year-over-year revenue growth, 50 basis points of adjusted EBITDA margin expansion to 28.6%, and 24% adjusted EPS … [Read more...]

The following was extracted from Morningstar: Analyst Note | by Joshua Aguilar Updated Oct 26, 2022 Nothing in narrow-moat-rated Illinois Tool Works’ latest results materially alters our long-term view of the firm, either in revenue, operating margins, free cash flow, or returns on capital. That said, we did add an incremental near $200 million of revenue to our full-year … [Read more...]

The following was extracted from Morningstar: Analyst Note | by Dan Su Updated Oct 26, 2022 We plan to maintain our $58 fair value estimate on wide-moat Coca-Cola’s shares after wading through third-quarter results which reaffirmed our constructive view on the strength of its beverage portfolio. Shares trade near our valuation, … [Read more...]

The following was extracted from Morningstar: Analyst Note | by Brett Horn Updated Oct 26, 2022 Visa continued to enjoy strong growth in its fiscal fourth quarter. Overall, while the company’s near-term future is somewhat tied to the direction of the economy, we think favorable long-term secular trends and an ongoing bounce back in travel-related spending put the wide-moat … [Read more...]