Core Viewpoint - Brookfield Asset Management is a strong investment opportunity with a 3.5% dividend yield and a significant history in global infrastructure investing, making it a stock to consider before its earnings report on May 6 [1] Financial Performance - Brookfield Asset Management announced a 15% increase in its dividend, indicating confidence in its financial strength and growth potential [2] - The company has over $1 trillion in assets under management (AUM), with significant allocations across various sectors: $126 billion in renewable power, $202 billion in infrastructure, $145 billion in private equity, $271 billion in real estate, and $317 billion in credit [5][4] Growth Outlook - The company expects to double the scale of its five main businesses between 2024 and 2029, projecting earnings growth from fee-bearing capital of around 17% annually, which will support a 15% annual dividend growth [8] - Brookfield's investment strategy allows it to capitalize on market downturns by acquiring undervalued assets, which has been effective for over a century [6][7] Market Position - Despite a 20% decline from its peak, Brookfield's stock offers a yield of 3.6%, significantly higher than the S&P 500's 1.3% and the average finance company's 1.8% [9] - The current market conditions may present a long-term investment opportunity, as short-term results are unlikely to define the company's overall potential [10]

Group 1 - Danone's Shareholders' Meeting approved all resolutions, including financial statements for the 2024 fiscal year and a dividend of €2.15 per share, representing a 2.4% increase from the previous year [3][4] - The meeting saw a participation of 72.66% of Danone's total outstanding share capital [2] - The Board of Directors renewed the terms of office for key executives, including the CEO and independent directors [4] Group 2 - Danone continues its global Employee Share Subscription Plan, allowing eligible employees to subscribe to new shares at a 30% discount, with participation from around 85% of employees in 48 countries [6] - Danone generated €27.6 billion in sales in 2023 and operates in three health-focused categories: Essential Dairy & Plant-Based products, Waters, and Specialized Nutrition [7] - The company aims for B Corp certification globally by 2025, emphasizing its commitment to sustainability and health [7]

拉美地区销售收入同比增长9%，其中销量与组合下降2.1%，价格因素增长11.1%。在爱他美品牌的带动下，该地区的 专业特殊营养业务增长强劲，而基础乳制品和植物基产品业务则保持稳健增长。 分品类看，所有品类在本季度均实现了增长。其中，专业特殊营养业务销售收入 23.06亿欧元，同比增长5.3%；饮用 水和饮料业务销售收入11.56亿欧元，同比增长4.1%；基础乳制品和植物基产品销售收入33.81亿欧元，同比增长 3.7%。 在专业特殊营养业务板块，婴幼儿配方奶粉品类凭借Essensis系列持续扩大市场份额；来自医学营养品市场的需求依然 旺盛。饮用水和饮料业务板块，脉动品牌实现双位数增长。日本市场的基础乳制品和植物基产品则凭借优秀表现持续 提升市场占有率。 分区域看，欧洲地区销售收入同比增长2%，其中销量与组合贡献了1.9%的增长，价格持平。基础乳制品和植物基产品 业务的持续增长成为主要驱动力；在医学营养品的带动下，专业特殊营养业务实现有韧性的增长；饮用水和饮料业务 则在旺季前实现强劲增长。 北美地区销售收入同比增长3.7%，其中销量与组合贡献了0.9%，价格因素贡献了2.8%。高蛋白产品的持续强劲势头引 领该地 ...

Core Insights - The company reported a strong start to 2025 with a +4.3% like-for-like (LFL) sales growth in Q1, driven by a +1.9% increase in volume/mix and a +2.4% increase in price [3][4] - The health-oriented portfolio has proven relevant in the current uncertain environment, contributing to the resilience of the business [3][4] - The company confirmed its 2025 guidance, expecting LFL sales growth between +3% and +5%, with recurring operating income anticipated to grow faster than sales [4][13] Sales Performance by Geography - In Europe, Q1 2025 LFL sales increased by +2.0%, supported by a +1.9% growth in volume/mix, with positive momentum for six consecutive quarters [6] - North America saw LFL sales growth of +3.7%, led by High Protein products, while Medical Nutrition also performed strongly [7] - China, North Asia & Oceania experienced significant growth with LFL sales up +9.9%, driven by strong demand in Specialized Nutrition and Waters [8] - Latin America reported LFL sales growth of +9.0%, primarily due to price increases, despite a decline in volume/mix [9] - The Rest of the World achieved LFL sales growth of +3.3%, with notable performance in Africa and Specialized Nutrition [10] Sales Performance by Category - The total sales for the company in Q1 2025 reached €6,844 million, with EDP (Essential Dairy Products) sales declining by -2.7% while Specialized Nutrition grew by +5.7% [4][11] - Waters category sales increased by +2.2%, benefiting from strong brand performances ahead of the summer season [6][11] Recent Developments - The company completed a share buyback of 2.7 million shares for a total of €192 million to offset dilution from capital increases [14][15] - A successful bond issuance of €800 million with an 8-year maturity and a 3.438% coupon was completed, reflecting strong investor confidence in the company's business model [15]

Core Viewpoint - Brookfield Asset Management is positioned as a promising dividend growth stock with significant potential for long-term returns, having generated total returns of 64% since its inception in late 2022 as a spin-off from Brookfield Corporation [1][2]. Company Overview - Brookfield Asset Management operates within the Brookfield empire, akin to Canada's version of Berkshire Hathaway, but it manages subsidiaries as public companies rather than owning them outright [3]. - The company manages over $1 trillion in alternative assets globally, focusing on physical assets such as renewable energy projects, real estate, and infrastructure [3][9]. Business Model - Brookfield Asset Management creates and sells private investment funds to raise capital, which it then invests in alternative assets, functioning similarly to a hedge fund but with a focus on non-traditional assets [4]. - The business model is asset-light and highly profitable, with the company generating $4 billion in revenue and $2.36 billion in distributable earnings, translating to a 59% conversion rate of revenue into cash [6]. Dividend Strategy - The company aims to distribute 95% of its distributable earnings to shareholders, a high payout ratio made feasible by its minimal investment requirements [7]. - Brookfield Asset Management plans to grow its distributable earnings at an annualized rate of 18% and its dividend by 15% through 2029, potentially doubling the dividend by that time [12]. Market Potential - The alternative assets market is currently valued at $25 trillion and is projected to grow to $60 trillion by 2032, indicating substantial growth opportunities for Brookfield Asset Management as it continues to attract new capital [11]. - The stock has an $80 billion market cap, suggesting that while it may not yield massive returns from small investments, it still holds significant long-term upside potential [10].

Group 1 - The article emphasizes the attractiveness of value investing in a market rich with opportunities, particularly for income stocks purchased at a discount to intrinsic value [2] - The focus is on income-producing asset classes that provide sustainable portfolio income, diversification, and inflation hedging [1] - The investment strategy is geared towards defensive stocks with a medium- to long-term investment horizon [2] Group 2 - The article does not provide specific financial data or performance metrics related to any particular company or industry [4][5]

Group 1 - The current investing uncertainty can be traced back to 1981, a pivotal year marked by high interest rates and the actions of US Federal Reserve Chair Paul Volcker in combating inflation [1] - The focus is on investing in unloved stocks, particularly in underappreciated markets such as the Middle-East and Africa, which have been targeted for investment over the past decade [1] - The investment strategy is inspired by notable works such as Thomas Phelps' "100-1" and Philip Fisher's investment philosophies, emphasizing the search for Time Arbitrage opportunities and stocks with embedded optionality [1]

Group 1 - The article highlights Brookfield Asset Management as one of the top three alternative asset managers for 2024, indicating a successful investment call [1] - The author emphasizes a generalist approach to investment, focusing on sectors with perceived alpha potential compared to the S&P 500 [1] - The typical holding period for investments is noted to range from a few quarters to multiple years, suggesting a long-term investment strategy [1] Group 2 - The article is presented as an independent opinion, with no current stock or derivative positions in the companies mentioned, indicating a lack of conflict of interest [2] - The author expresses that the article is self-written and reflects personal views, with no compensation received from companies discussed [2] - Seeking Alpha's disclosure states that past performance does not guarantee future results, emphasizing the independent nature of the analysis [3]

Barclays and private equity firm Brookfield Asset Management partnered to grow Barclays’ payment acceptance business and transform it into a standalone entity.The partnership brings together Barclays’ client relationships and payments experience in the United Kingdom and Brookfield’s expertise in payments, technology, operational transformation and corporate carve-outs, the companies said in a Thursday (April 17) press release.Together, the companies will focus on expanding the payment acceptance business’ ...

Group 1: Barclays and Brookfield Asset Management Negotiations - Barclays is in advanced talks to sell a stake in its payments business to Brookfield Asset Management, with a potential announcement this week, although no final agreement has been reached [1] - Barclays is exploring various options for investment in its merchant acquiring business, including strategic partnerships, as it sheds non-core businesses [1] - The discussions come amid a trend where Barclays and its European rivals are divesting non-core operations, including its German consumer finance division and a portfolio of Italian mortgages [1] Group 2: Brookfield Asset Management's Strategy and Investments - Brookfield Asset Management acquired Middle Eastern payments processor Network International Holdings in 2024 and appointed former Worldpay CEO Ron Kalifa as vice chair and head of financial infrastructure investments in 2023 [2][4] - In February 2024, Brookfield announced a commitment of $5 billion in investments within the technology-enabled payments space, which includes acquisitions of Network International and Magnati [5] - Brookfield's strategy focuses on identifying mature, high-quality companies that are integral to financial infrastructure, leveraging expertise in operational value creation [6]