Altria, Philip Morris Sign Manufacturing Pact
Altria and Philip Morris International enter a contract manufacturing deal to strengthen operating capabilities.
Read original at benzingaEconomy · News reference
Altria Stock Drops: Inflation Forces Smokers to Ditch Marlboros
Altria Group (MO) stock fell after Q2 earnings missed estimates. Inflation and rising costs pushed smokers away from premium Marlboros toward discount brands.
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- Jul 30, 2026, 4:22 PM
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- Jul 30, 2026, 4:21 PM
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Altria Group shares are trading higher after the company announced a manufacturing agreement with Philip Morris to improve the efficiency of traditional tobacco product operations.
Read original at benzingaPhilip Morris International Announces Contract Manufacturing Arrangement For Combustible Cigarettes With Altria's Philip Morris USA; First Shipments Expected Early 2027
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While Universal, Altria, and Hormel Foods are the three highest-yielding consumer staples Dividend Kings, high yield alone doesn't justify a purchase. Altria and Universal face declining cigarette volumes and concerning fundamentals, making them poor long-term investments despite attractive yields. Hormel Foods, however, shows promise with a turnaround underway, attractive valuation metrics, and organic sales growth, making it the most compelling choice for dividend investors.
Read original at the-motley-fool