Are you looking for exchange traded funds (ETFs) to buy for 2023? If you are, then you might want to look at the three top ETFs listed below.

Here’s what you need to know about them:

BetaShares Global Cybersecurity ETF (ASX: HACK)

If you’re interested in tech investment options outside the status quo, then you might want to look at the BetaShares Global Cybersecurity ETF. As you might have guessed from its name, this ETF provides investors with access to the growing cybersecurity sector. This means you’ll be owning cybersecurity companies such as Accenture, Cisco, Cloudflare, Fortinet, Okta, Splunk, Zscaler, Crowdstrike. As we have seen in 2022, cybersecurity is becoming increasingly important and a failure to protect data can lead to significant brand damage and financial loss.

VanEck Vectors Video Gaming and eSports ETF (ASX: ESPO)

Another ETF for investors to consider for 2023 is the VanEck Vectors Video Gaming and eSports ETF. This popular ETF gives investors access to a global video game market that is estimated to comprise almost 3 billion active gamers. Among the companies you’ll be investing in are AMD, Electronic Arts, Nintendo, Nvidia, Roblox, and Take-Two. VanEck highlights that these companies are well-placed to benefit from the increasing popularity of video games and eSports.

Vanguard U.S. Total Market Shares Index ETF (ASX: VTS)

A final ETF for investors to consider is the Vanguard Australian US Total Market Shares Index ETF. This ETF provides investors with exposure to some of the largest companies listed in the United States. Vanguard believes it could be a top option for buy and hold investors that are seeking a combination of long-term capital growth, some income, and international diversification. Among the high quality companies that you’ll be buying a slice of are Amazon, Boeing, JP Morgan, Starbucks, and Walmart.

The post 3 fantastic ETFs for ASX investors to buy for 2023 appeared first on The Motley Fool Australia.

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More reading

• 2 ASX ETFs trading ex-dividend next week
• Here are 2 fantastic ETFs for ASX investors in 2023
• I’d aim for $1 million, buying just 10 cheap ASX shares
• These ETFs allow ASX investors to buy thousands of global shares
• Don’t miss these very exciting ASX ETFs in December

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended BetaShares Global Cybersecurity ETF. The Motley Fool Australia has positions in and has recommended BetaShares Global Cybersecurity ETF. The Motley Fool Australia has recommended VanEck Vectors Video Gaming And eSports ETF. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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Last week saw a number of broker notes hitting the wires once again. Three buy ratings that investors might want to be aware of are summarised below.

Here’s why brokers think investors ought to buy them next week:

Elders Ltd (ASX: ELD)

According to a note out of Macquarie, its analysts have retained their outperform rating and $14.35 price target on this agribusiness company’s shares. Macquarie was pleased to see Elders maintain its double-digit earnings growth target. And while it sees some risks due to wet weather, it remains positive due to its attractive valuation. The Elders share price ended the week at $10.22.

Life360 Inc (ASX: 360)

A note out of Goldman Sachs reveals that its analysts have retained their buy rating and $7.60 price target on this location technology company’s shares. Goldman believes that Life360 had a solid Thanksgiving holiday season, which it feels eases any risk to its FY 2022 guidance. Outside this, the broker notes that the company’s subscription business trades at a discount to global subscription app peers when adjusting for its superior growth outlook. As a result, it sees scope for a re-rating as Life360 demonstrates pricing leverage, improving unit economics, and progresses to cash flow breakeven in FY 2023. The Life360 share price was fetching $5.63 at Friday’s close.

Pilbara Minerals Ltd (ASX: PLS)

Analysts at Morgans have upgraded this lithium miner’s shares to an add rating with a $4.70 price target. According to the note, the broker believes the selloff last week was an over-reaction and created a buying opportunity for investors. While Pilbara Minerals reported a reduction in BMX auction lithium prices month on month, Morgans isn’t concerned. Its analysts suspect that lithium inventories will need to be rebuilt early next year, which will be supportive of prices. The Pilbara Minerals share price ended the week at $4.10.

The post Top brokers name 3 ASX shares to buy next week appeared first on The Motley Fool Australia.

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More reading

• Would you be rich if you’d invested in these ASX shares 10 years ago?
• Here are the 3 most heavily traded ASX 200 shares on Friday
• Brokers name 3 ASX shares to buy today
• Make or break: the one metric I’ll be watching for Pilbara Minerals shares next year
• Pilbara Minerals share price selloff ‘a significant over-reaction’: broker

Motley Fool contributor James Mickleboro has positions in Life360. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Life360. The Motley Fool Australia has recommended Elders. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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All eyes have been on up-and-coming lithium share Core Lithium Ltd (ASX: CXO) this year.

Such popularity has likely helped bolster the company’s valuation. The Core Lithium share price has rocketed 68% year to date to trade at $1.06 as of Friday’s close.

Of course, the $1.9 billion lithium hopeful still has a long way to go before it can catch up to the likes of $12 billion soon-to-be S&P/ASX 50 Index (ASX: XFL) lithium producer Pilbara Minerals Ltd (ASX: PLS).

Still, Core Lithium was trading as superannuation platform Superhero’s most traded ASX share of 2022 – edging ahead of giants Pilbara Minerals, Fortescue Metals Group Limited (ASX: FMG), and BHP Group Ltd (ASX: BHP).

But can the company behind the Northern Territory’s Finniss Lithium Project live up to the hype that’s surrounded it this year? Let’s take a look at what the future holds for Core Lithium shares.

Can Core Lithium shares live up to the hype?

The new year looks like it could be a big one for Core Lithium and its shares.

The company recently announced the official opening of its flagship Finniss Lithium Project. Excitingly, the next major news of the project is expected in just a few short months.

The company has tipped the project’s first spodumene concentrate production to occur in the first half of 2023.

Beyond that, Finniss is said to be one of the most capital efficient lithium productions. Its definitive feasibility study (DFS) estimated it would demand just $89 million of start-up capital expenditure.

It also could have the best logistics chain to market of any Aussie lithium project – being mere kilometres from a power station, gas and rail infrastructure, and an hour’s drive from the Darwin Port.

Additionally, the company has avoided using debt to fund the construction of the project. Thus, its breakeven point could come sooner than other lithium hopefuls’.

Not to mention, around 80% of the project’s expected production over its first four years is already under off-take contracts.

That’s a lot of positives if I do say so myself. However, there’s one potential snag in the company’s seemingly bright prospects.

As with nearly all materials shares, Core Lithium’s future profits will be dependent on the battery-making commodity’s price over the coming years. Thus, whether the ASX 200 lithium favourite can live up to the market’s hype might be out of its hands.

The post Can Core Lithium shares really live up to the hype surrounding them? appeared first on The Motley Fool Australia.

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More reading

• Here are the 3 most heavily traded ASX 200 shares on Friday
• Why is the Core Lithium share price gaining on Friday?
• Why did the Sayona Mining share price dive 7% on Thursday?
• Here are the 3 most heavily traded ASX 200 shares on Thursday
• Why is the Core Lithium share price cratering 8% today?

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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Investors who bought AMP Ltd (ASX: AMP) shares at the start of 2022 have likely enjoyed a good year. The company’s stock has gained 40% since early January.

However, those who have held the financial services stock in their portfolio for a longer period – say a decade – are probably less happy with their investment.

The AMP share price has tumbled 70% since December 2012. Back then, $1,000 would probably have bought an investor 212 shares, each valued at $4.70.

Today, 212 shares would be worth just $296.80. The AMP share price closed Friday’s session at $1.40.

For comparison, the S&P/ASX 200 Index (ASX: XJO) has gained around 57% in that time.

But have the dividends offered by AMP offset the blow? Let’s take a look.

How much have AMP shares paid in dividends in 10 years?

Here are all the dividends handed to those invested in AMP shares over the last 10 years:

AMP dividends’ pay date	Type	Dividend amount
October 2020	Special	10 cents
March 2019	Final	4 cents
September 2018	Interim	10 cents
March 2018	Final	14.5 cents
September 2017	Interim	14.5 cents
March 2017	Final	14 cents
October 2016	Interim	14 cents
April 2016	Final	14 cents
October 2015	Interim	14 cents
April 2015	Final	13.5 cents
October 2014	Interim	12.5 cents
April 2014	Final	11.5 cents
October 2013	Interim	11.5 cents
April 2013	Final	12.5 cents
Total:		$1.705

If one were to have bought AMP shares in December 2012 and held onto their investment over the years to come, they likely would have received a total of $1.705 per share in dividends.

That means our figurative $1,000 investment would have returned $361.46 in that time – meaning a shareholder would still be $341.74 in the red.

As the chart above shows, AMP hasn’t offered a regular dividend since 2019. Originally, the company said it would restart payouts on the sale of AMP Life, which occurred in 2020.

However, in the years since, it has chosen to forgo dividends in favour of maintaining balance sheet strength and conserving capital.  

Looking forward, the company expects to return the proceeds of the sale of Collimate Capital to shareholders. It also recently announced a $1.1 billion capital return.

Part of that is the company’s current $350 million on-market buyback. The remaining $750 million is expected to be returned via a combination of capital return, special dividend, or further buybacks.

Additionally, some experts have tipped AMP shares to restart dividends on the release of the company’s full-year results in February, as my Fool colleague Matthew reported in September.

The post Bought $1,000 of AMP shares 10 years ago? Here’s how much dividend income you’ve received appeared first on The Motley Fool Australia.

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More reading

• 3 ‘boring’ ASX shares with returns over 25% in 2022
• Why did the AMP share price surge 8% in November?
• Thank you Mr Powell! 7 ASX 200 shares cracking new 52-week highs on Thursday
• If you’d bought $10,000 of AMP shares at the start of the year, congrats! Here’s what you’d have now
• 3 ASX 200 shares hitting new 52-week highs on Wednesday

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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Investing great Warren Buffett is widely reported to have bought his first stock at age 11. Now, the ‘Oracle of Omaha’ has a more than US$100 billion fortune.

It’s no wonder, then, that many Aussie parents looked to the stock market to kick-start their kids’ wealth in 2022. And in doing so, they apparently turned to one particular ASX exchange-traded fund (ETF).

The ASX ETF parents bought on behalf of their kids in 2022

Imagine waking up on your 18th birthday with a portfolio of ASX shares and ETFs waiting for you. Oh, the compounding that could have taken place over the years before one could walk, talk, or get a driver’s licence!

That might be the reality for many young Australians whose parents squirrelled money into the stock market on their behalf in 2022. But what investments were parents buying for their youngsters?

Well, those investing on behalf of their kids in 2022 turned to the Vanguard Australian Shares Index ETF (ASX: VAS). That’s according to data from trading and superannuation platform Superhero.

It recently released its annual Year in Trades review, finding the Vanguard Australian Shares ETF was the most traded Aussie ETF among minor accounts. Minor accounts can be opened by parents investing on behalf of their children.

The Vanguard Australian Shares Index ETF struggled alongside the broader market in 2022. It has fallen 8% year to date. Meanwhile, the benchmark All Ordinaries Index (ASX: XAO) only posted a slightly better performance, falling 7%.

But such volatility didn’t deter investors. Superhero CEO and co-founder John Winters said:

Over the last two years … we’ve seen our customers grow and evolve. There’s an understanding that markets work in cycles and as such the volatility we saw this year has been accepted as a natural market event – and an opportunity to continue building their wealth through investing.

And it wasn’t just Aussie ETFs that savvy parents were snapping up for their kids this year.

The Vanguard 500 Index Fund ETF (NYSEMKT: VOO) came in as the most popular US ETF among Superhero’s minor accounts. Meanwhile, Core Lithium Ltd (ASX: CXO) was the most traded ASX share.

Interestingly, Gen Z has also seemingly developed a taste for ETFs. The Betashares Nasdaq 100 ETF (ASX: NDQ) was the most traded stock among 18- to 25-year-olds using the platform and the Vanguard Australian Shares Index ETF came in second.

The post Future-proofing: The ASX ETF Aussie parents were buying for their kids in 2022 appeared first on The Motley Fool Australia.

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• Is now really the time to buy ASX 200 shares?
• Could the VAS ETF outperform the BHP share price in 2023?
• Can the Vanguard Australian Shares ETF deliver more outperformance in December?
• It took me years to realise I’m no investing genius like Warren Buffett
• The Vanguard Australian Shares Index ETF soared in November, beating the ASX 200

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended BetaShares Nasdaq 100 ETF and Vanguard Index Funds – Vanguard S&p 500 ETF. The Motley Fool Australia has positions in and has recommended BetaShares Nasdaq 100 ETF. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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If you’re looking for ASX dividend shares to buy, then you could do a lot worse than the two listed below.

Both of these ASX dividend shares have recently been named as buys by brokers. Here’s why they could be worth considering next week:

Healthco Healthcare and Wellness REIT (ASX: HCW)

According to a recent note out of Goldman Sachs, its analysts believe the Healthco Healthcare and Wellness REIT is in the buy zone for income investors. The broker currently has a conviction buy rating and $2.05 price target on the health and wellness focused real estate investment trust’s shares.

Goldman likes the company due to its strong balance sheet, positive tenant mix, and the resilient valuations in the healthcare sector. It is also positive on the future, noting that “the expansive forecast future demand for assets across the care spectrum, underpinning development opportunities.”

As for dividends, the broker is expecting dividends per share of 7.5 cents in both FY 2023 and FY 2024. Based on the current Healthco Healthcare and Wellness REIT unit price of $1.70, this will mean yields of 4.4%.

Woolworths Limited (ASX: WOW)

Analysts at Citi have named this retail giant as a buy. According to the note, the broker has put a buy rating and $39.50 price target on its shares.

Its analysts appear relatively pleased with Woolworths’ decision to swap pokie machines for pet food and accessories following the acquisition of a 55% stake in Petspiration Group which will be funded from the partial selldown of its Endeavour Group Ltd (ASX: EDV) stake.

Outside this, the broker remains positive on Woolworths’ outlook and is forecasting double digit earnings growth in FY 2023 and FY 2024.

It expects this to lead to fully franked dividends per share of 104 cents in FY 2023 and 114 cents in FY 2024. Based on the current Woolworths share price of $34.31, this will mean yields of 3% and 3.3%, respectively.

The post Brokers name 2 ASX dividend shares to buy next week appeared first on The Motley Fool Australia.

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• Shopping spree: What happened to the Woolworths share price today?
• Brokers name 3 ASX shares to buy today
• 5 things to watch on the ASX 200 on Friday
• 3 ASX shares to buy for a possible recession next year
• Woolworths share price pushes higher on $600m acquisition

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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As a big fan of buy and hold investing, I periodically pick out a number of popular ASX shares to see how much an investment 10 years ago would be worth today.

While not all shares beat the market, two that have are named below. Here’s how much a $10,000 investment a decade ago would be worth now:

Pilbara Minerals Ltd (ASX: PLS)

This lithium miner has been a sensational performer over the last decade. During this time, the company has gone from a mineral exploration company seeking “to acquire interests in mineral projects having good prospects for near-term development” to one of the world’s largest lithium miners.

Interestingly, 10 years ago, lithium wasn’t even on the menu for Pilbara Minerals. Gold and copper appeared to be the most likely path for the company but all that changed a couple of years later with the acquisition of the Pilgangoora Tantalum-Lithium Project.

This proved to be one of the best decisions the company would ever make and has helped drive the Pilbara Minerals share price materially higher since then. So much so, the company’s shares have generated an average annual return of approximately 65% over the period.

This would have turned a $10,000 investment in 2012 into a whopping $1.5 million today.

Xero Limited (ASX: XRO)

Another market beater over the last 10 years has been cloud accounting platform provider Xero.

Thanks to the shift from accounting on Excel spreadsheets or paper to online, Xero has been growing its subscriber numbers at a consistently strong rate since 2012. This has led to the platform hosting a massive 3.5 million users globally at the last count.

This has underpinned strong revenue growth, which has led to its shares delivering mouth-watering returns for investors over the period. Over the 10 years, Xero’s shares have generated an average annual return of 28.6%. This would have turned a $10,000 investment into almost $250,000.

The post Would you be rich if you’d invested in these ASX shares 10 years ago? appeared first on The Motley Fool Australia.

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More reading

• Why are ASX 200 tech shares being fried on Friday?
• Here are the 3 most heavily traded ASX 200 shares on Friday
• Brokers name 3 ASX shares to buy today
• One ASX share I’ve been buying in preparation for the next bull market
• Make or break: the one metric I’ll be watching for Pilbara Minerals shares next year

Motley Fool contributor James Mickleboro has positions in Xero. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Xero. The Motley Fool Australia has positions in and has recommended Xero. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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If you’re just starting your investment journey and aren’t sure which ASX shares to buy, then you could consider exchange traded funds (ETFs) instead.

ETFs provide investors with an easy way to invest because they allow you to buy large groups of shares through just a single investment.

But which ETFs would be good for beginners? Two to consider are listed below. Here’s what you need to know about these top ETFs:

BetaShares NASDAQ 100 ETF (ASX: NDQ)

The first ETF that could be a good option for beginners is the BetaShares NASDAQ 100 ETF. This ETF provides investors with access to 100 of the largest non-financial companies listed on Wall Street’s famous exchange.

These 100 stocks are some of the biggest and best companies in the world and household names such as Google parent Alphabet, Amazon, Apple, Meta (Facebook), Microsoft, Netflix, Nvidia, Starbucks, and Tesla.

It has been a very difficult year for the NDQ ETF and its units are down materially. However, due to the quality in the ETF, the long term remains very positive. This could make it a great time to be snapping up this hugely popular ETF.

VanEck Vectors Morningstar Wide Moat ETF (ASX: MOAT)

Another ETF that could be a great investment option for beginners is the VanEck Vectors Morningstar Wide Moat ETF.

If you’re a fan of legendary investor Warren Buffett, then this ETF could be for you. This Buffett-inspired ETF gives investors access to a group of companies that have sustainable competitive advantages or moats.

Moats are a characteristic that Buffett looks for when he’s finding his investments. And given his track record over many decades, it’s hard to argue against this strategy.

The fund is currently invested across ~50 attractively priced shares boasting these qualities. This includes the likes of Adobe, Alphabet, Intel, Kellogg Co, and Walt Disney.

The post 2 high quality ETFs for ASX beginner investors to buy in 2023 appeared first on The Motley Fool Australia.

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• If I was 40 and had never invested, here’s how I’d aim to build a $500,000 ASX share portfolio
• New kids on the ASX block: Why did Gen Z flock to the BetaShares Nasdaq ETF (NDQ) in 2022?
• Down 27% this year, is the Betashares Nasdaq 100 ETF (NDQ) a buy before 2023?
• One Warren Buffett-style stock I’m ‘never’ selling
• Why is the BetaShares NASDAQ 100 ETF (NDQ) having such a stellar run today?

Motley Fool contributor James Mickleboro has positions in BetaShares Nasdaq 100 ETF. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended BetaShares Nasdaq 100 ETF. The Motley Fool Australia has positions in and has recommended BetaShares Nasdaq 100 ETF. The Motley Fool Australia has recommended VanEck Morningstar Wide Moat ETF. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The S&P/ASX 200 Index (ASX: XJO) tumbled into the weekend on the back of a dire session on Wall Street. The index closed 0.78% lower at 7,148.7 points today. That marks a 0.89% week-on-week fall.

Fears of a recession following the recent rate hike from the US Federal Reserve appeared to drive New York indices lower overnight. The Dow Jones Industrial Average Index (DJX: .DJI) fell 2.2%, the S&P 500 Index (SP: .INX) dropped 2.5%, and the tech-heavy Nasdaq Composite Index (NASDAQ: .IXIC) plunged 3.2%.

With that in mind, I doubt it’s a surprise to anyone that Aussie tech stocks were among those suffering the most today. The S&P/ASX 200 Information Technology Index (ASX: XIJ) plummeted 2%. The Block Inc (ASX: SQ2) share price led the sector’s fall with a 6.2% tumble.

On the other hand, the S&P/ASX 200 Energy Index (ASX: XEJ) posted the biggest gain, rising 0.3% despite falling oil prices.

The Brent crude oil price fell 1.8% to US$81.21 a barrel and the US Nymex crude oil price dropped 1.5% to US$76.11 a barrel.

All in all, two of the ASX 200’s 11 sectors closed in the green today. But which stock outperformed all others to end the week on the highest high? Keep reading to find out.

Top 10 ASX 200 shares countdown

Today’s top-performing ASX 200 share was Aurizon Holdings Ltd (ASX: AZJ).

It gained 4% on news the company has found a buyer for its East Coast Rail business. The competition watchdog declared the business’ sale a condition of Aurizon’s previous acquisition of One Rail Australia.

Today’s biggest gains were made by these shares:

ASX-listed company	Share price	Price change
Aurizon Holdings Ltd (ASX: AZJ)	$3.87	4.03%
Kelsian Group Ltd (ASX: KLS)	$6.08	3.58%
Coronado Global Resources Inc (ASX: CRN)	$1.99	3.11%
New Hope Corporation Limited (ASX: NHC)	$6.24	2.8%
Spark New Zealand Ltd (ASX: SPK)	$5.05	2.64%
Viva Energy Group Ltd (ASX: VEA)	$2.76	2.6%
Ampol Ltd (ASX: ALD)	$28.58	2.47%
Sayona Mining Ltd (ASX: SYA)	$0.21	2.44%
Brickworks Limited (ASX: BKW)	$22.59	2.26%
Charter Hall Long WALE REIT (ASX: CLW)	$4.62	2.21%

Our top 10 shares countdown is a recurring end-of-day summary to let you know which companies were making big moves on the day. Check in at Fool.com.au after the weekday market closes to see which stocks make the countdown.

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

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Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Block and Brickworks. The Motley Fool Australia has positions in and has recommended Block and Brickworks. The Motley Fool Australia has recommended Aurizon. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The Woolworths Group Ltd (ASX: WOW) share price slipped into the red today after an important week for the large S&P/ASX 200 Index (ASX: XJO) share.

Woolworths shares closed on Friday trading for $34.31 apiece, a fall of 0.06%.

It comes after the company announced an asset sale and investment worth more than a combined $1 billion this week.

While it may be best known as a supermarket business, it’s the other areas that Woolworths is invested in that have captured the headlines.

Further sale of its former liquor and hotels division

A few days ago, it announced that it was going to sell a 5.5% stake in Endeavour Group Ltd (ASX: EDV) through a block trade at a price of $6.46 per share.

Woolworths reminded investors that this sale still meant it retained an interest in Endeavour Group and “has no current invention to undertake a further selldown in the short-to-medium-term”.

At the time, Woolworths said it doesn’t have “any information that is not generally available that a reasonable person would expect to have a material effect on the price or value of Endeavour Group’s securities”.

Woolworths CEO Brad Banducci said:

Our decision to reduce our stake comes after a successful transition from ownership to partnership with Endeavour Group. The proceeds will be used for strategic investments and general corporate purposes.

Acquisition of majority of Petspiration

Woolworths quickly put the money to work by announcing the purchase of 55% of pet group Petspiration. This is the business that has a number of segments including PETstock retail stores (and other retail brands), vet clinics and grooming stations.

The cash purchase price of $586 million represents an enterprise value of 11x earnings before interest, tax, depreciation, and amortisation (EBITDA). The business generated $158 million of EBITDA in the 12 months to September 2022.

Woolworths said the investment is expected to deliver “strong returns” with an internal rate of return (IRR) in the “mid-teens” and there are identified value creation opportunities. In time, it could help profits and, in turn, the Woolworths share price.

Banducci said of the acquisition:

Specialty pet is a large and growing retail segment in which we have limited presence. We are delighted to be investing alongside founders, Shane and David Young, in Petspiration, the number two player in the segment. Specialty pet is a logical adjacency given the high penetration of pet ownership across Australia and New Zealand. The partnership will allow us to meet more of our customers’ pet family needs with a complementary range of specialty pet products and services, strengthen the Everyday Rewards loyalty program and unlock opportunities for material value creation across both businesses.

Woolworths share price snapshot

Over the last month, the Woolworths share price has risen by around 2%. However, it is down 9% this year to date.

The post Shopping spree: What happened to the Woolworths share price today? appeared first on The Motley Fool Australia.

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More reading

• Here are the 3 most heavily traded ASX 200 shares on Friday
• Brokers name 3 ASX shares to buy today
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• 3 ASX shares to buy for a possible recession next year

Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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