10 Best Stocks to Buy According to D1 Capital’s Daniel Sundheim

2. Philip Morris International Inc. (NYSE:PM)

D1 Capital Partners’s Stake as of Q4: $436.8 million

Number of Hedge Fund Holders: 102

Philip Morris International Inc. (NYSE:PM) is a major multinational tobacco company with operations in over 180 countries. It is well-known for its flagship product, Marlboro, which has cemented its position among “Big Tobacco” leaders.

On April 24, Stifel analysts raised their price target on Philip Morris International Inc. (NYSE: PM) shares from $168 to $186 while maintaining a Buy rating. The upgrade follows the company’s solid first-quarter performance, which included significant organic revenue and profit growth, as well as a consistent improvement in constant currency earnings per share. Philip Morris reported more than 10% organic revenue increase, which was fueled in part by over 4% volume growth. Smoke-free products played a significant role in this expansion. The company further disclosed a 16% increase in organic operating profit and a 17% increase in constant currency EPS. Its reported earnings per share of $1.69 were above Stifel’s projection by $0.07 and $0.06 higher than the high end of its own guidance.