Citadel founder Ken Griffin was up in his flagship Wellington fund in November.
CHANDAN KHANNA/AFP via Getty Images
Citadel, Millennium, Point72, and more all made money in November.
Big-name funds battled a choppy equities market, though stocks bounced in the second half of the month.
Many hedge funds outperformed the modest 0.1% gain in November by the S&P 500 index.
Hedge funds' biggest names had a solid November despite an early-month sell-off of hot tech stocks.
Citadel, Balyasny, and Point72 made money in the month, people close to the managers told Business Insider.
Miami-based Citadel, run by billionaire Ken Griffin, was up 1.4% in its flagship Wellington fund. The fund has made 8.3% for the year. The manager's Tactical Trading fund, which combines the firm's quant and flesh-and-blood stockpickers, is up 16.3% in 2025 after 2.6% gain last month.
The $30 billion Balyasny continued its strong year with a 2.5% gain in November. The manager is now up 15.3% in 2025. ExodusPoint pushed its year-to-date returns to 15.6% with a 1.2% bump in November. Billionaire Steve Cohen's Point72 is up 15% in 2025, following a 1.4% gain last month.
Millennium eked out gains of 0.5% over the month, bringing its year-to-date returns to 8.3%.
These firms and many other multistrategy managers outperformed the S&P 500 last month; the index gained just 0.1% thanks to an early-month sell-off of tech stocks that was partially reversed by strong earnings from chipmaker Nvidia and solid iPhone sales by Apple.
The index for the year has still made more than 16% in 2025, which is greater than many funds' year-to-date gains.
The firms below declined to comment. More performance figures will be added to the table and the article as they are learned.
(Editor's note: This story was originally published on December 1 at 2.32 pm. New figures have been added to the table below as they have been learned.)
I don’t have kids yet, but if and when I do, there is one thing I’m absolutely certain about. I’d want to give them the best possible financial foundation.
And for anyone thinking about building long-term wealth for children or grandchildren, a simple, low-maintenance investment strategy is often the smartest way forward.
That’s where exchange-traded funds (ETFs) come in. With just a few high-quality ETFs, you can create a globally diversified portfolio designed to compound steadily over decades.
If I were building a long-term portfolio for future kids or grandkids, these are three ASX ETFs I would consider choosing.
The Betashares Nasdaq 100 ETF offers exposure to the Nasdaq-100 Index, which is home to some of the world’s most innovative businesses. This includes Apple (NASDAQ: AAPL), Microsoft (NASDAQ: MSFT), and Nvidia (NASDAQ: NVDA). These are companies driving advances in artificial intelligence, cloud computing, semiconductors, and consumer technology.
The Nasdaq has a long track record of outperforming many global indices thanks to its focus on high-growth sectors. Over a 10- to 20-year period, these businesses tend to reinvest heavily, innovate quickly, and grow earnings at a far faster rate than traditional industries.
For a child or grandchild with decades ahead of them, the Betashares Nasdaq 100 ETF could be a powerful long-term compounding machine.
India is shaping up to be one of the world’s fastest-growing major economies, driven by rapid urbanisation, favourable demographics, and rising disposable incomes.
The Betashares India Quality ETF gives Australian investors a simple way to participate in this growth by owning a basket of high-quality Indian stocks that have been screened for strong profitability and financial strength.
Some of its notable holdings include Reliance Industries (NSEI: RELIANCE), Infosys (NYSE: INFY), and Tata Consultancy Services (NSEI: TCS). These are businesses that play central roles in India’s digital transformation, infrastructure expansion, and economic development.
As India’s middle class continues to grow and consumption accelerates, the country’s long-term investment case looks compelling. This fund was recently recommended by analysts at Betashares.
Asia is home to some of the most influential technology companies on the planet, and the Betashares Asia Technology Tigers ETF captures them in a single trade.
This popular ASX ETF invests in giants such as Tencent Holdings (SEHK: 700), Taiwan Semiconductor Manufacturing Company (NYSE: TSM), Samsung Electronics, and Alibaba Group (NYSE: BABA). These are businesses that dominate gaming, social media, e-commerce, semiconductors, and AI hardware.
The region’s tech sector is expanding rapidly as digital adoption accelerates, cloud usage grows, and AI investment soars. For a child with decades of compounding ahead, exposure to Asia’s innovation engine could be incredibly valuable.
Should you invest $1,000 in Betashares Capital Ltd – Asia Technology Tigers Etf right now?
Before you buy Betashares Capital Ltd – Asia Technology Tigers Etf shares, consider this:
Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Betashares Capital Ltd – Asia Technology Tigers Etf wasn’t one of them.
The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*
And right now, Scott thinks there are 5 stocks that may be better buys…
Motley Fool contributor James Mickleboro has positions in BetaShares Nasdaq 100 ETF and Betashares Capital – Asia Technology Tigers Etf. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Apple, BetaShares Nasdaq 100 ETF, Microsoft, Nvidia, Taiwan Semiconductor Manufacturing, and Tencent. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended Alibaba Group and has recommended the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool Australia has positions in and has recommended BetaShares Nasdaq 100 ETF. The Motley Fool Australia has recommended Apple, Microsoft, and Nvidia. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
For much of this year experts and analysts were tipping interest rates to decline throughout the year. But with RBA whispers changing in recent weeks, the team at Macquarie has released updated guidance on what ASX stocks to target should interest rates go up.
Economists say the next cash rate movement will be higher, after worse than anticipated October inflation has all but killed off the prospect of a further rate cut.
Meanwhile, Westpac has weighed in that it expects the cash rate to hold steady at this month’s RBA meeting.
As a refresher, the cash rate in Australia is set by the Reserve Bank of Australia (RBA) and acts as the benchmark interest rate for the economy.
Changes in Australia’s cash rate influence ASX stocks by affecting borrowing costs, investor preferences, and economic activity, with rate hikes generally pressuring share prices (but not always).
Macquarie said we are increasingly closer to the beginning of rate hikes.
Hikes are a headwind for stocks, as they impact valuations today and earnings tomorrow.
What is Macquarie’s view?
The team at Macquarie said in a report released last week that with rising risk, the next move by the RBA is a hike. It reviewed asset and sector rotation ahead of past hiking cycles.
Just two weeks ago, we suggested the RBA was likely on hold, with hikes possibly starting in 2H CY26 as part of a global pivot due to stronger growth. With the latest core inflation print above the RBA’s target band of 2-3%, the risk of hikes has increased.
Macquarie said this risk is not unique to Australia, as 6 of 10 developed markets it tracks have core inflation of at least 3%.
It reinforced that it does not see this as a stagflation scenario, as higher inflation is partly due to stronger growth and the unemployment rate is still relatively low (albeit trending up slowly).
Sectors to favour/avoid
Macquarie said late cycle sectors tend to outperform in the lead up to hikes.
The analysis suggests favouring resources, because they benefit from stronger growth, protect against inflation, and are less hurt by valuation drops when bond yields rise.
Small resources have performed especially well in past cycles, and basic materials, transport, banks, and financial services also tend to outperform before the first RBA rate hike.
On the flip side, the team at Macquarie said cyclicals like media, retail and discretionary often underperform in the lead up to hikes as the market starts to anticipate the best has passed.
We prefer US consumer cyclicals given potential for more Fed cuts. REITs and Defensives also tend to underperform ahead of RBA hikes. Defensives usually perform better after hikes actually start.
ASX stocks to target
In the report, Macquarie also listed individual holdings to target in the resources sector, including:
Should you invest $1,000 in Rio Tinto Limited right now?
Before you buy Rio Tinto Limited shares, consider this:
Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Rio Tinto Limited wasn’t one of them.
The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*
And right now, Scott thinks there are 5 stocks that may be better buys…
Motley Fool contributor Aaron Bell 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 Super Retail Group, Treasury Wine Estates, and Wesfarmers. The Motley Fool Australia has positions in and has recommended Super Retail Group and Treasury Wine Estates. The Motley Fool Australia has recommended Challenger, Premier Investments, and Wesfarmers. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
There aren’t too many ASX stocks on our market that pay out dividends you could set your watch to. Our unique system of franking arguably incentivises companies to pay out as much of their profits as they can during any given year. Whilst this is great for our dividend-loving investors out there, it can result in ebbs and flows in shareholder income, often depending on the economic cycle.
Just go back to the COVID-ravaged years of 2020 and 2021 to see this in action with many of the ASX’s most prominent dividend payers.
But despite this, there are still a handful of ASX 200 shares that dividend investors can indeed set their watches to, or have decades-long streaks of not cutting their shareholder payouts anyway.
The Australian Foundation Investment Co Ltd (ASX: AFI) is one. AFIC is a listed investment company (LIC) that has been around for almost 100 years. Over the past three or four decades, it has built and maintained a reputation as one of the ASX’s most reliable income payers. Indeed, it has been decades since its shareholders endured a dividend cut.
Every six months, a dividend payment that has either been held steady or raised has arrived in shareholders’ bank accounts without fail. That includes during the COVID-induced ASX dividend drought, as well as the tumultuous years of the global financial crisis.
Like most LICs, AFIC owns and manages a portfolio of underlying investments on behalf of its investors. This portfolio consists mostly of blue chip ASX dividend stocks, with some international stocks thrown in.
You can set your watch to this 4.4% ASX dividend stock
Using prudent and conservative stewardship, AFIC’s management team uses the stream of income received from these ASX dividend stocks to fund its own payouts.
The result has been that remarkable decades-long streak of uncut, uninterrupted shareholder payouts.
The most recent of these payouts was the August final dividend worth 14.5 cents per share. Before that, shareholders enjoyed the interim dividend from February worth 12 cents per share. The final dividend also came with a bonus special dividend worth 5 cents per share.
These 2025 dividends give AFIC shares a trailing dividend yield of 4.44% at yesterday’s closing share price of $7.10. Now, we don’t yet know what kind of ordinary payouts AFIC will dole out over 2026. Saying that, this ASX dividend stock’s track record does bode well. However, AFIC has already told shareholders to expect two special dividends, each worth 2.5 cents per share, alongside the ordinary payments when they arrive in 2026.
You’d forgive shareholders for setting their watches for that today.
Should you invest $1,000 in Australian Foundation Investment Company Limited right now?
Before you buy Australian Foundation Investment Company Limited shares, consider this:
Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Australian Foundation Investment Company Limited wasn’t one of them.
The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*
And right now, Scott thinks there are 5 stocks that may be better buys…
Motley Fool contributor Sebastian Bowen 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.
Amazon recently added 4,000 "smaller" communities to its same-day fulfillment service as it speeds up delivery in the US.
Michael Clubb/South Bend Tribune/USA TODAY Network / USA TODAY NETWORK via Imagn Images/Reuters
Amazon is making a big push into ultrafast delivery, now testing in Seattle and Philadelphia.
The company said customers can choose from thousands of items for delivery in under 30 minutes.
While Amazon's e-commerce business is bigger, it's still catching up with Walmart in terms of speed.
Amazon orders keep getting faster.
The e-commerce juggernaut said Monday that it is making a big push into ultrafast fulfillment with new 30-minute delivery tests in Seattle and Philadelphia.
Through the new service, dubbed Amazon Now, customers can choose from thousands of essentials, such as diapers, milk, pet food, electronics, and more, delivered right to their doorstep in under half an hour.
In the Seattle test, Amazon workers pick and bag items at its warehouse, which are then handed off to Amazon Flex drivers who are expected to collect orders and get going within two minutes, tech news site GeekWire reported last week, citing Amazon's permit application filings in Seattle.
While Amazon is the biggest player in e-commerce in terms of sheer volume, the company is still catching up with retail giant Walmart in terms of speed.
Powered by its fleet of more than 4,600 stores in the US, Walmart is within a three-hour delivery reach of roughly 95% of American households.
The company also said more than a third of shoppers pay an additional fee to have their orders delivered in less than an hour, and it routinely fulfills orders in a matter of minutes.
For example, Walmart said its fastest delivery on Black Friday was a Shark Steam & Scrub Mop to a shopper in Utah.
Of course, Amazon hasn't been sitting still.
In June, the company began adding 4,000 "smaller" communities to its same-day fulfillment service by stocking more everyday essentials at strategically located delivery stations around the US.
As for the question of whether US retailers will start promising 15-minute delivery (or even shorter), supply chain consultant Ralph Asher previously told Business Insider the laws of physics and finance could prove to be real constraints.
For example, Asher modeled a 30-minute delivery concept for Minneapolis and found that four fulfillment stations were needed to serve the metro area. Getting fulfillment down to 15 minutes required a whopping 31 centers, each of which would have to be stocked with sufficient inventory to meet demand.
"You need more and more expensive equipment to do it, you need more and more inventory, you need more and more real estate, you need more and more drivers willing to drop everything at a moment's notice to do delivery," he said.
"There's just probably not as much of a market for anything under 30 minutes," he added.
K&W Cafeteria shuttered all of its locations this week.
Kristoffer Tripplaar/Sipa USA/ Reuters
K&W Cafeteria has closed all of its locations after nearly nine decades in business.
The cafeteria-style Southern comfort food restaurant chain faced declining sales.
K&W Cafeteria previously filed for Chapter 11 bankruptcy in 2020, but emerged a year later.
K&W Cafeteria, an 88-year-old Southern comfort food chain, abruptly shut down all nine of its restaurants across North Carolina and Virginia this week, leaving hundreds of employees out of work and loyal patrons devastated.
The cafeteria-style eatery, known for its affordable, homestyle meals of fried chicken, baked spaghetti, and chocolate cream pie, announced its permanent closure in a Facebook post on Monday.
The restaurant chain thanked customers for their support and added, "We are truly sorry to bring this chapter to an end, but profoundly thankful for the love you've shown us for nearly nine decades."
No explanation was offered for K&W's sudden closure. Just last month, the chain was hawking a $30 gift card and a free pie for holiday season shoppers.
K&W did not immediately respond to a request for comment by Business Insider on Tuesday, but told FOX8 WGHP in a statement that "like many restaurant companies across the country, we have struggled to navigate an extremely challenging operating environment."
Data from foodservice industry research firm Technomic's Ignite database showed that K&W's sales fell 10% year over year in 2024, and its 2025 sales were predicted to be even more grim.
The restaurant chain began as the Carolinian Coffee Shop in the North Carolina city of Winston-Salem before its original investors — T.K. Knight and his brothers-in-law, Thomas, Kenneth, and William Wilson — renamed it K&W, using their initials, in 1937.
In 1941, the late Grady Allred Sr., who worked at the Carolinian Coffee Shop, became the sole owner of K&W and ultimately expanded the business to 16 locations across the Carolinas and Virginia.
By 2020, the Allred family had grown the restaurant to 28 outposts, however, the business, like many others, was hit hard by the COVID-19 pandemic.
K&W shuttered several restaurants at the time and filed for Chapter 11 bankruptcy protection in September 2020, saying in court papers that it had just over $30 million in assets and $22.1 million in liabilities.
The chain emerged from bankruptcy a year later after a reorganization.
While there are no current bankruptcy filings under the K&W name, data from S&P Global Market Intelligence shows that 2025 corporate bankruptcies are on track to hit levels not seen in 15 years, since 2010. Personal bankruptcies are also on the rise, according to data from the Administrative Office of the US Courts.
In 2022, K&W was acquired by Falcon Holdings, a Texas-based company that also owns the Piccadilly restaurant chain.
By the end of its reign, K&W was operating eight locations in North Carolina and one in Virginia. A former employee told WFMY News 2 that more than 300 K&W workers were left jobless.
Following K&W's closure announcement, customers flooded the comments section to share their sadness, reminisce about their memories, and even beg for recipes.
"Can you at least give us the baked spaghetti recipe???" one post read.
With savings account rates slipping and term deposit returns rolling over, many Australians are starting to realise that parking cash in the bank may no longer be the most rewarding option.
For income investors that are willing to take on a modest level of market risk, several ASX dividend shares currently offer yields that comfortably outpace what the banks are paying.
Here are three ideas that could deliver far better results than leaving your money in cash.
If you want steady, property-backed income, HomeCo Daily Needs REIT continues to stand out. The company owns a nationwide portfolio of essential-service retail assets, including supermarkets, pharmacies, and health clinics. These are businesses that Australians rely on regardless of economic conditions.
Its tenant list reads like a who’s who of defensive retail, with Woolworths GroupLtd (ASX: WOW), Coles Group Ltd (ASX: COL), and Chemist Warehouse among the largest contributors. These long-term, inflation-linked leases support a level of earnings stability that most savings accounts can only dream of.
The consensus estimate is for HomeCo Daily Needs REIT to increase its dividend to 8.7 cents per share in FY 2026. Based on its current share price, this would mean a dividend yield of 6.2%.
Rural Funds is a unique income play and one of the few diversified farmland REITs on the ASX. It owns agricultural assets such as cattle properties, vineyards, and cropping land, leasing them to high-quality tenants on long agreements.
Farmland has historically been a resilient asset class with low correlation to equity market volatility. This means that Rural Funds’ rental streams remain stable even through economic downturns, which helps underpin its distribution profile.
Management is guiding to a dividend of 11.73 cents per share in FY 2026. Based on its current share price, this would mean an attractive 5.7% dividend yield.
Vanguard Australian Shares High Yield ETF (ASX: VHY)
For investors who prefer broad diversification, the Vanguard Australian Shares High Yield ETF is one of the simplest ways to tap into a basket of high-yielding Australian blue chips in a single trade.
The ETF holds ASX dividend shares such as BHP Group Ltd (ASX: BHP), Commonwealth Bank of Australia (ASX: CBA), Westpac Banking Corp (ASX: WBC), and Telstra Group Ltd (ASX: TLS), all of which have long histories of paying reliable dividends.
The benefit here is instant exposure to dozens of income-producing companies, rather than relying on one or two individual stocks. In addition, the fund distributes quarterly, making it appealing for retirees or investors wanting regular cash flow.
At present, the fund trades with a trailing dividend yield of 4.2%.
Should you invest $1,000 in Homeco Daily Needs REIT right now?
Before you buy Homeco Daily Needs REIT shares, consider this:
Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Homeco Daily Needs REIT wasn’t one of them.
The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*
And right now, Scott thinks there are 5 stocks that may be better buys…
Motley Fool contributor James Mickleboro has positions in Woolworths Group. 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 positions in and has recommended Rural Funds Group, Telstra Group, and Woolworths Group. The Motley Fool Australia has recommended BHP Group, HomeCo Daily Needs REIT, and Vanguard Australian Shares High Yield ETF. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
As the chart below shows, the company has made a recovery over the past few months. While that’s a good thing for existing shareholders, but it means a lower dividend yield for prospective investors.
For example, if a business has a 5% dividend yield and then the share price rises 10%, the dividend yield becomes around 4.5%. In the last five months, the BHP share price has grown by 15%, which is a headwind for yield hunters.
I’ll run through my views on the positives and negatives of investing for passive income.
Positives
BHP offers investors pleasing commodity diversification across iron ore, copper, steelmaking coal and energy coal. By generating earnings across a variety of sources, it’s able to provide investors with more profit stability than a resource business focused on a single commodity.
A somewhat stable profit means the business can provide fairly stable dividends for owners of BHP shares.
The broker UBS is expecting virtually the same dividend from BHP in FY26, FY27 and FY28. While growth would be preferred, stability could be valuable in the next few years (if that’s what happens). UBS suggests the ASX mining share could pay an annual dividend per share of US$1.13 in FY26.
The projection translates into a potential grossed-up dividend yield of 5.9%, including franking credits.
I like the company’s efforts to expand its copper exposure, although its final attempt to engage a takeover of Anglo American was unsuccessful. It looks like copper has a pleasing long-term outlook with rising demand with expanded electricity grids, more electric vehicles, more smart devices and so on. Supposedly, it’s likely to become harder to find high-quality copper deposits, which could be supportive for copper prices.
The ASX mining share’s efforts to expand into potash â in what’s seen as a greener form of fertiliser for the agriculture sector â could also help diversify and grow earnings.
Negatives
Firstly, whilst it isn’t that much of a negative, the strength of the BHP share price has led to a lower dividend yield than it otherwise would have been if it hadn’t risen by more than 10% in the last six months.
Given how cyclical resource prices can be, it could be wise to wait to buy when valuations are weaker rather than stronger, in my view.
I’m more cautious on the outlook for ASX iron ore shares when the valuations go higher because of how the new Simandou project in Africa could lead to pressure on the iron ore price due to the additional, significant supply it will add. Time will tell how much it weighs on profit, dividends and the BHP share price.
Samarco costs are another headwind for the business as BHP compensates people affected by the dam failure in Brazil. The business is expecting cash outflows in FY26 to be approximately US$2.2 billion and then in FY27 the cash outflow could be US$0.5 billion. These payments are negative for how much money BHP has to pay its dividends.
Foolish takeaway
At the current BHP share price, it could provide investors with solid passive income. However, there could be an even more appealing valuation on offer in the coming months or years.
Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and BHP Group wasn’t one of them.
The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*
And right now, Scott thinks there are 5 stocks that may be better buys…
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 recommended BHP Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
There was a time when Breville Group Ltd (ASX: BRG) shares could seemingly do no wrong. Between January 2016 and July 2021, the ASX 200 appliance maker soared a massive 445%, making its long-term investors very wealthy in the process.
But then the company hit a major snag. In the 12 months to June 2022, Breville shares lost almost half of their value and stagnated over the subsequent 12 months as well.
As it stands today ($29.62 at the time of writing), the Breville share price is down 11.3% over the past 12 months, and has lost about 16.5% of its value since December last year. Its five-year gain sits at just under 20%, a rather paltry performance, considering the S&P/ASX 200 Index (ASX: XJO) has gained about 30% over that same span.
To be fair, Breville has actually had a fairly successful year, if we ignore its share price performance. Back in August, the company posted revenue growth of 10.9% to $1.7 billion for its full 2025 financial year. That growth hit double-digits across all three global markets that Breville operates in, too.
Net profits after tax were up an even more impressive 14.6% to $135.9 million, which allowed Breville to increase its full-year dividend by 12.1% to a fully franked 37 cents per share.
Given this company’s sagging share price performance of late, but also with its rather rosy-looking FY2025 results, many investors might be wondering where Breville shares are heading next.
Well, fortunately for those investors, analysts at Macquarie have recently run the ruler over this appliance maker.
Does Macquarie rate Breville shares as a buy today?
Macquarie liked what they saw. Analysts gave Breville shares an ‘outperform’ rating, alongside a 12-month share price target of $39.20. If realised, that would see investors enjoy a potential upside of about 32.3%.
Macquarie’s optimism is derived from what it sees as positive trends in sales of coffee, as well as appliances from other manufacturers, mainly De Longhi. One of Breville’s most important product categories is coffee and espresso machines.
As a result of these projections, Macquarie has “forecast for a 10%-plus revenue CAGR [compounded annual growth rate] FY25-FY28E”. Indeed, Macquarie is predicting that Breville shares will be able to grow adjusted earnings per share (EPS) from the 93 cents achieved in FY2025 to 95.3 cents by FY2026, $1.096 by FY2027 and then to $1.246 by FY2028. That would represent growth rates of 2.5%, 15% and 13.7% respectively.
That earnings growth will, at least according to the analysts, support higher dividends too. Macquarie has Breville paying out 39.1 cents per share over FY2026, 44.9 cents by FY2027 and 51.1 cents by FY2028.
No doubt investors and owners of Breville shares will be pleased to hear these impressive numbers. But we’ll have to wait and see to know for sure whether Macquarie is on the money here.
Should you invest $1,000 in Breville Group Limited right now?
Before you buy Breville Group Limited shares, consider this:
Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Breville Group Limited wasn’t one of them.
The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*
And right now, Scott thinks there are 5 stocks that may be better buys…
Motley Fool contributor Sebastian Bowen 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 Macquarie Group. The Motley Fool Australia has positions in and has recommended Macquarie Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
Luigi Mangione, charged with fatally shooting UnitedHealthcare's CEO, was in a NY court on Tuesday.
Prosecutors played police bodycam video as Mangione challenged his arrest.
The video showed the moments before Mangioni's arrest following a manhunt that riveted the nation.
The suspect is nervous as he's frisked in a corner of a McDonald's in Altoona, Pennsylvania. His hands shake.
There's fibbing on both sides: The suspect says he's a "homeless" guy named "Mark." The cops say it's just an ID check.
And through it all, surreally, Christmas carols play on the restaurant sound system — with one cop whistling along to keep things calm as they try to verify his identity.
Dramatic police bodycam video of Luigi Mangione, screened for the first time Tuesday in a New York City courtroom, shows the 28-year-old's December arrest in the murder of UnitedHealthcare CEO Brian Thompson as it has never been seen before.
"Stand up for us — put your hands on top of your head," Altoona Police Officer Joseph Detwiler can be heard telling Mangione twice in the video, which is not being released to the public and could only be seen in court.
"You seem nervous right now," the officer says next, as Mangione stands up and is patted down at 9:50 on a Monday morning — five days after Thompson's murder on a midtown Manhattan sidewalk.
When the officer asks, "Why are you nervous?" Mangione, his hands atop his head, gives no answer.
"Sit down. Sit down," the officer tells him.
Luigi Mangione inside a McDonalds in Altoona, Pennsylvania shortly before his arrest in the fatal shooting of UnitedHealthcare CEO Brian Thompson.
Pennsylvania State Police
The video was played throughout most of Tuesday morning and into the afternoon — the second day of an evidence-suppression hearing in state court in Manhattan. It was narrated from the witness stand by Detwiler, who, with his partner, was the first officer on the scene.
As they rolled up to the McDonald's in their patrol car, Detwiler was thinking the job would be a waste of time, he testified.
"I did not believe it was going to be the person that they said it was," Detwiler said Tuesday, during questioning by the lead state prosecutor, Assistant District Attorney Joel Seidemann.
The 911 call had come in from a very skeptical restaurant manager. She's called police reluctantly, according to Monday's testimony, after customers insisted the guy sitting back by the men's room — his face obscured by a hat and medical mask — looked like "the CEO shooter" in the news.
The dispatcher was skeptical too, listing the call as "Priority: Low."
And on the way to the McDonald's, Detwiler saw a text from his supervisor, Lt. Tom Hanley: "If you get the New York City shooter, I'll buy you a hoagie."
Detwiler kept the patrol car's sirens silent as he and his partner, Patrolman Tyler Frye, rolled into the parking lot.
Once inside, the two approached Mangione's table, interrupting a meal of a breakfast sandwich and a hash brown.
They knew this was the guy the manager had called about, Detwiler testified. There was only one person in the restaurant wearing a mask.
"Yeah, we don't wear masks," in Altoona, Detwiler explained in his testimony. "We have antibodies."
"Can you pull your mask down?" the video showed Detwiler asking, while Mangione watched from the defense table, dressed in a dark suit and open-necked off-white dress shirt.
Then the footage played in court showed the moment Mangione complied, showing his full face, and everything changed.
As "Jingle Bell Rock" played on the McDonald's speakers, the five-day manhunt that had captivated the country — involving hundreds of law enforcement personnel in New York City and beyond — had ended.
"I knew it was him immediately," Detwiler testified.
It didn't help that Mangione appeared "nervous," as the officer described it on the stand, explaining, "I saw his fingers shaking a little bit."
By the time Mangione was cuffed and led out — with "Holly Jolly Christmas" playing on the restaurant sound system — some 10 cops had gathered in the restaurant.
They included the lieutenant who'd promised Detwiler a hoagie.
"I'm 100 percent sure that it's him," Detwiler testified he told the arriving lieutenant. "He was surprised," Detwiler testified.
Prosecutors are trying to show that stopping, questioning, and searching the belongings of Mangione was proper, given the officers' knowledge from the news media of the Thompson shooting suspect's appearance and dangerousness.
Defense lawyers are arguing that Mangione was improperly questioned before he was read his Miranda rights, and they want the judge to rule that any statements he made can't be used against him at trial.
On Tuesday, Detwiler described asking limited questions focused on Mangione's identification and potential imminent dangerousness, not the facts of the case itself.
"Mark," Mangione told police at first, when asked his name, according to the video. "Homeless," he said, when asked his address.
"Did you ever mention the shooting in New York City?" Seidemann asked. "No," Detwiler answered.
"Did you ever pull out your gun?"
"No," the cop answered again.
Mangione's lengthy hearing has so far featured testimony by five law enforcement and civilian witnesses involved in the manhunt and the Pennsylvania arrest. It is scheduled to continue Thursday and Friday — and possibly into next week.
New York Supreme Court Justice Gregory Carro has not said when he will decide if any evidence must be barred from an eventual trial. Judges have yet to set trial dates for Mangione's federal and state murder trials.
