These 2 ASX dividend shares are offering trailing yields of 10% today
We take a look at 2 ASX dividend shares catching the eye today
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Last week saw a number of broker notes hitting the wires once again. Three buy ratings that caught my eye are summarised below.
Here’s why brokers think investors ought to buy them next week:
According to a note out of
Morgans, its analysts have retained their
add rating but trimmed their price target on this diversified food company’s shares to $6.35. Morgans has downgraded its earnings estimates to reflect the fact that Bega and rivals are overpaying for milk due to intense competition for supplies. However, it feels this is more than reflected in the current share price. As a result, it sees this as a potential buying opportunity for investors. The Bega share price ended the week at $5.39.
The
S&P/ASX 200 Index (ASX: XJO) had a mixed five days last week. But thanks to a strong finish, the benchmark index was able to record a very small weekly gain to end at 7,308.6 points.
Unfortunately, not all ASX 200 shares were able to push higher with the market. Here’s why these were the worst performers on the index:
Collins Foods Ltd
The Collins Foods share price was the worst performer on the ASX 200 with a 13.1% decline. The quick service restaurant operator’s shares actually stormed to a record high following the release of its full year results, before starting to sink. This may have been driven by a couple of broker downgrades. Largely on valuation grounds, UBS and Morgans downgraded the company’s shares to neutral/hold ratings.
Kraft to cough up $9.25m to Bega Cheese (ASX: BGA) over peanut label
Kraft to cough up $9.25m to Bega Cheese (ASX: BGA) over peanut label
Kraft doesn’t want to go nuts from whipping a dead horse so hands over some cash instead.
Mitchell Lawler is a site writer at The Motley Fool Australia. He holds a Bachelor of Engineering and previously worked in the consulting space while his interest in equities grew. Mitchell is now completing his studies in finance and wealth management and hopes to help others in their investing journey.
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Why the Bega Cheese (ASX:BGA) share price is at a 52-week high
Ken Hall | April 21, 2021 9:18am |
More on:
The
Bega Cheese Ltd (ASX: BGA) share price has been a top performer in 2021. Shares in the Aussie food company have climbed 23.6% higher to $6.44 per share as at Tuesday’s close. That represents an outperformance of 18.6% over the
In fact, Bega shares started Tuesday’s session by hitting a new 52-week high of $6.58 per share. So, what’s helping propel this iconic Aussie company higher in 2021?
Why is the Bega Cheese share price surging higher?
There haven’t been too many announcements from the Aussie company in 2021. In fact, the major update this year came in late February with Bega’s half-year results.