3 Upcoming Stock Splits to Add to Your 2024 Calendars Right Now

Core Viewpoint - Stock splits are experiencing a resurgence, particularly among consumer discretionary stocks, following a previous trend in the tech sector [1][2]. Group 1: Stock Splits Overview - Notable recent stock splits include Nvidia's 10-for-1 split and Walmart's 3-for-1 split earlier this year [1]. - Upcoming splits include Cintas' 3-for-1 split in September and Sony's 5-for-1 split later this fall [1]. Group 2: Chipotle Mexican Grill (CMG) - Chipotle is set to split its stock 50-for-1, reducing the price from over $3,200 to approximately $64 [3]. - The company has seen a 41% increase in stock price year-to-date and a 57% increase over the past year, with sales rising 14% to $2.7 billion in Q1 [3][4]. - Analysts project a long-term earnings growth rate of 22% for Chipotle, indicating strong investor confidence [4]. Group 3: Williams-Sonoma (WSM) - Williams-Sonoma will execute a 2-for-1 stock split on July 9, lowering its share price from over $300 to around $150 [6]. - The company has faced challenges, with a 5% decline in sales in Q1 and a 3% drop in stock price over the past three months [6][7]. - Despite the split, there is skepticism about the necessity of this action given the lack of business traction [7]. Group 4: Broadcom (AVGO) - Broadcom plans a 10-for-1 stock split on July 15, reducing its share price from around $1,600 to $160 [8]. - The company is shifting focus from mobile chipsets to data center infrastructure, capitalizing on the growing demand for AI-related products [8]. - Broadcom's growth potential is significant, with expectations of reaching a trillion-dollar valuation [9].